GPU Mining is Dead with Ethereum PoS, Energy Consumption Reduced by 99%

Started by JeGX, September 16, 2022, 12:05:45 PM

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JeGX

Quote- Ethereum Mainnet uses proof-of-stake, but this wasn't always the case.

- The upgrade from the original proof-of-work mechanism to proof-of-stake was called The Merge.

- The Merge refers to the original Ethereum Mainnet merging with a separate proof-of-stake blockchain called the Beacon Chain, now existing as one chain.

- The Merge reduced Ethereum's energy consumption by ~99.95%.

According to the creator of Ethereum, worldwide electricity consumption will be reduced by 0.2%

Ethereum PoW was one of the main reasons for GPU supplies issues during these last years. It's finally over!

Links:
- https://ethereum.org/en/upgrades/merge
- https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/
- https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/
- https://www.theverge.com/2022/9/15/23329037/ethereum-pos-pow-merge-miners-environment
- https://videocardz.com/newz/ethereum-merge-is-done-proof-of-stake-should-reduce-global-power-consumption-by-0-2