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The Merge upgrade for Ethereum (ETH), which primarily sought to turn blockchain into a proof-of-stake (PoS) consensus mechanismhas been shown to have a positive impact on the creation of new Ethereum blocks.

The merger was considered one of the biggest upgrades for Ethereum. Due to the hype, many misconceptions about cheaper gas fees and faster transactions plagued the crypto ecosystem, which was debunked by Cointelegraph. However, some of the obvious improvements made by the blockchain after the merger include a large increase in daily block creation and a substantial decrease in average block time.

Ethereum blocks per day. Source: YCharts

On September 15, Ethereum completed The Merge upgrade after successfully transitioning the network to PoS. On the same day, the number of blocks created daily (EBC) increased by around 18%, from around 6,000 blocks to 7,100 blocks per day.

Ethereum Average Block Time (EBT). Source: YCharts

Complementing this decision, the average block time – the time it takes for miners or validators within a network to verify transactions – for Ethereum has dropped by more than 13%, as evidenced by Data from YCharts.

The results above show the positive impact of The Merge upgrade on the Ethereum blockchain.

Related: Ethereum Merge was “executed perfectly,” says Starkware co-founder

Following the Ethereum upgrade, GPU prices in China saw a significant drop as blockchain moved away from big power consumption proof of work (PoW) consensus mechanism.

As Cointelegraph reported, the price of the Nvidia GeForce RTX 3080 dropped from $1,118, or 8,000 yuan, to 5,000 yuan in three months, according to a Chinese merchant. The merchant further stated that no one (in China) buys new computers, let alone new GPUs.