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Play like pros, trade like experts. Together with Raków Częstochowa, we are bringing crypto to the Polish ... According to an address disclosed by Vitalik Buterin in October 2018, the 27-year-old Ethereum founder now holds over US$1 billion worth of ETH in his main wallet. In particular, the move to PoS has drastically reduced the number of new ETH that are issued with each new block, because mining has been eliminated. Just like bitcoin, ethereum mining doesnapost come for free. As the price of the cryptocurrency goes up, it becomes more profitable to throw more computing power at mining, which generates new ether. Graphics cards are relatively energy-hungry components, and with scores of them now in the mining game, the currencyaposs electricity bills are starting to add up. Another consideration for die-hard PoWers is the impact on staked Ether, or stETH, which are tokens representing ETH that have been deposited for staking on the Beacon Chain. This is the blockchain Ethereum has been experimenting with as it prepares for the upgrade. Based on the Proof-of-Stake consensus mechanism, it relies on nodes backed by staked ETH to process transactions and add them to the blockchain.