To ensure the Proof of Stake chain would operate smoothly before launching it to the public, they launched it as a separate Beacon chain. But because Proof of Stake was a new concept, Ethereum opted to launch with Proof of Work and transition to Proof of Stake later, once they were confident they’d ironed out the kinks.
When Ethereum was launched in 2015, the goal was for the network to be secured by a novel Proof of Stake consensus protocol, replacing the then-standard Proof of Work style security used by Bitcoin and its derivatives. Let’s start with what the merge actually is.
If you’re already kinda excited about the merge and want to know more about why you should be excited, this is also that post. If you’ve heard of the merge and aren’t sure why you should care beyond some potential Number Go Up effects, this is that post. If you’re already jazzed about the merge and need a good way to explain your enthusiasm to your friends, this is that post. But The Merge is more exciting from a technological standpoint, and less has been said about that to the non-crypto-native folks. Much of the hype is around what it might do to Ethereum’s price. It is arguably the most significant event to happen in the crypto ecosystem in the last few years, maybe since the launch of Ethereum. You can join the discussion on the Ethereum Merge effectively killing off GPU mining on the OC3D Forums.If you’re remotely exposed to crypto, then you might have some idea of some big event coming up called The Merge. This will help to push down the value of graphics cards, as they can no longer be used to profit from mining cryptocurrencies (at least for now).
#ETHEREUM STAKING DROP POWER CONSUMPTION PC#
With Ethereum mining being effectively killed off by today's merge, PC gamers can now rest assured that Ethereum mining-related GPU demand is a thing of the past. With electricity prices rising, it is unlikely that any other cryptocurrency will become as profitable to mine as Ethereum anytime soon. Ethereum was highly profitable to mine and could be mined using consumer-grade PC hardware. While other cryptocurrencies could take the place of Ethereum, such a cryptocurrency does not currently exist. Ethereum mining was the primary cause of the world's GPU supply issues over the past few years, and with Ethereum's move away from Proof of Work, mining related demand for graphics cards has evaporated. Ethereum miners will no longer be competing with PC gamers to acquire graphics cards. This system is designed to up around 99% less energy than Ethereum's older POW model, making the cryptocurrency less energy intensive while making Ethereum mining/validation a lot harder to get into.įor PC gamers, the move to POS is great news. With the more to Proof of Stake (POS), miners/validators put up their Ethereum at collateral. This was an incredibly inefficient system, as multiple miners could work on the same block and only one of them could finish it. As the blockchain got larger, this task became more computationally intensive. That's enough power to keep the world's top five cities operating, highlighting the insane amounts of power the cryptocurrencies have been using to operate.īefore the switch to POS, Ethereum operated on a Proof of Work (POW) model, where computers around the world would complete computational puzzles to add new blocks to the Ethereum Blockchain. Ethereum's long delayed switch to POS has finally happened, which means that cryptocurrency miners can no longer mine the currency using graphics cards.Īccording to Ethereum's creator, Ethereum's merge will decrease the mining energy for th4 cryptocurrency by 99%, resulting in a global drop in electricity consumption of around 0.2%. The world's second largest cryptocurrency, Ethereum, has successfully completed its move from Proof of Work (POW) to Proof of Stake (POS), cutting back on the computational/energy demands of the cryptocurrency while effectively killing cryptocurrency mining on graphics cards.Įthereum's switch to POS started on September 6th with the blockchain's Bellatrix upgrade, and now the switchover is complete now that the Terminal Total Difficulty Point has been pass. Ethereum mining is no more - The moment PC gamers have all been waiting for
0 kommentar(er)
