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Gas Dives 10% on the Merge

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Gas prices fell by as much as 10% today at the same time as ethereum turned off its energy usage by upgrading to Proof of Stake.

Natural gas e-mini futures fell to $8.30 from above $9, in part because many ethereum miners used gas as part of their electricity heavy Proof of Work process.

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  • Source: https://www.trustnodes.com/2022/09/15/gas-dives-10-on-the-merge
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