The Ethereum merge removed the network’s reliance on miners without a hitch, but the path forward for those that decided to stay with proof of work is not crystal clear.
Many Ethereum miners who wanted to keep mining joined a prominent faction led by Chandler Guo to create ETHPoW and ETHW. While their hard fork hit some speed bumps, it's running and trading at $5.26, down 35% in the past 24 hours as of this writing, according