The Merge brings down Ethereum’s network power consumption by over 99.9%
Before the Merge upgrade, in 2022, the energy consumption of Ethereum ranged between 46.31 terawatt hour (TWh) per year to 93.98 TWh per year. Go to Source Powered by WPeMatico
Proof of Work
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What does the global energy crisis mean for crypto markets?
While miners stand to be significantly affected by the current power crisis, there is still some hope that the prevailing macro conditions could work in favor of the crypto industry. Go to Source Powered by WPeMatico
Ethereum at the center of centralization debate as SEC lays claim
Ethereum’s transition to PoS was celebrated as a key upgrade. However, a month after the move, centralization concerns are mounting high. Go to Source Powered by WPeMatico
Apples and oranges? How the Ethereum Merge could affect Bitcoin
While the Ethereum Merge failed to move Bitcoin from a price standpoint, the industry believes we have yet to see the effects of its shift from PoW to PoS. Go to Source Powered by WPeMatico
Ethereum price eyes 35% rally after 6,000 ETH gets burned in one week
A new crypto project aiming to mint tokens from burning Ether is behind Ethereum’s deflationary turn. Go to Source Powered by WPeMatico
Cardano founder points out flaws in Ethereum and Bitcoin
Charles Hoskinson, the founder of Cardano, shares his critical views on the two leading cryptocurrencies in an exclusive Cointelegraph interview. Go to Source Powered by WPeMatico
After Ethereum Merge, GPU prices may stabilize with dipping demand
The prices of many popular GPUs, such as Nvidia’s RTX3080, have dropped by nearly 60% over the last 90 days across some parts of the globe. Go to Source Powered by WPeMatico
What is Bitcoin hash rate and why does it matter?
Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions. Go to Source Powered by WPeMatico
Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker
Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected crypto-asset mining operations on electricity system reliability and adequacy.” However, a commissioner at … Read more
Ethereum Merge spikes block creation with a faster average block time
some of the evident improvements experienced by the blockchain post-Merge include a steep increase in daily block creation and a substantial decrease in average block time. Go to Source Powered by WPeMatico
