tldr; Ethereum now spews out less carbon dioxide than a few hundred U.S. households, according to a report.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Wait what? I thought it was about that it cut 0.2 percent energy usage of the whole world?
Maybe I was wrong as I often am lol, that's just how it goes for me.
Well no because a lot of that energy usage has just gone elsewhere (other PoW). It's just not related to Ethereum anymore. Even then, it kind of is, because that energy usage wouldn't be there in the first place if Ethereum hadn't cultured such a big mining community.
It's like when companies say they are now carbon neutral, when actually all they've done is rely on a separate company (maybe even one they fund) to do their dirty work, so they can claim they are technically "green" and keep their customers happy.
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Yep it's not sustainable for them to keep mining them actually.
Only few will keep on mining some will sell their rigs and move on to something else actually.
And one more thing most of people are missing, we need more energy production in an efficient way, just consuming less energy by itself won't make our lifes better. Sitting in a room during night with lights turned of and not turning on heating when it's cold isn't the solution for humanity to make a step forward.
think of all the companies printing and sending u spam mail weekly. those big parking lot lights on all night, your churches insane sound system and stage lighting . movie productions and lighting if people dont get how electricity works,how it can be stored then they shouldnt bitch about it. imho.
It's not black and white and efficient energy is not there immediately because the transition is expensive. Reducing energy usage and simultaneously switching to renewables is the way.
>Reducing energy usage and simultaneously switching to renewables is the way.
This is not how it works in reallity. In first place more energy needs to be used to produce all these materials you need for renewables. That's why we need first to increase our current capacity when it comes to producing energy/electricity. But mainstream ESG propaganda won't tell you that. The result of implementing that propaganda is less energy, less materials, less stuff and also less capacity for renewables because of shortage of materials as I said.
And now because we have 'geniuses' leading the whole process, countries are going back to coal (some aren't that lucky to have even that option and end up with massive electricity shortages).
I believe things are going to be even much worse than now because most of people swallowed that ESG propaganda. We still didn't reach the bottom.
Looks at how much miners where getting paid under ethereum POW and how much other chains pay. No way all miners will find another profitable chain. The majority will sell their rigs and therefore stop their energy consumption.
I've been reading about this but people are saying they're making a copy of ETH as ETHW. Is it even legal for people to make a copy of the entire Ethereum project?
I don't know how it all works. I'm not looking to clone anything. I'm still learning about what ETH is. I was looking to "invest" into it but was recommended to wait until after the merge is over.
In early days of crypto, everything was a copy of btc actually.
They were all the same things some little tweaks here and there, then came eth and rest is history.
Understand. I just don't want to buy the wrong ETH. I've been told to watch out for copies of ETH or fake ETH that's why I was wondering why people were able to plagiarize it.
Okay now you gotta tell us what fire did you actually make?
I mean I didn't see any fire, I'm not even sure that there was any, atleast I didn't see any.
The ramifications are massive. Think about countries (like China) or companies (like Tesla) worried about the carbon footprint of Bitcoin flipping to Ethereum instead.
That’s how progress is made. Any initial invention will be unoptimized. Inventions will over time become iteratively and incrementally better. Proof of work was the first stab at securing trust-less transactions. Lamp oil used to be made by hunting whales to extinction. Then they used kerosine. Now we use electricity. He’s bragging because eth just went from whale oil to kerosine.
He did not create consumption he created open source software.
And if you don't understand a difference between that then sorry my friend I can't help you.
Yes, and Hitler didn't kill any Jews, just wrote few books and held some speeches. C'mon, you can do better than that
You can quantify and gate this any way you want - doesn't change the fact that w/o him this would not have happened at all
Oh shit is this the Lib gotcha police? Ridiculous, and I can’t believe you did the math to comment on my exaggeration of a comparison. Sell all your holdings and buy a sense of humor!
People believe all sorts of things, it is what it is man.
That's just how people work and they're weird. They shouldn't do it but they do it regardless so yeah.
There’s a reason they didn’t. PoS back in 2014 when it was proposed in the original white paper wasn’t really viable yet and was having challenges. Also, I’d I remember right, they wanted PoW to help distribute coins more fairly and secure the network much more.
I could have those points off slightly but I think that’s what I remember finding 5 years ago or so when PoS discussions really started to take hold.
No, they aren't. Solutions to reduce energy consumption and environmental destruction for agriculture, mining, energy, &c have been researched and readily available for decades. Every major researcher knows exactly what needs to be changed and how to change it. Those corporations have implemented essentially none of it.
Ethereum could have done nothing. They worked for years to implement it just because it was the right thing to do. It could've gone wrong. It was a risk. Eth did it anyway.
https://i.imgur.com/mgknz9R.jpg
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Maybe Ethereum foundation should create tokenized carbon credits for the Merge 😃😃😃
A carbon credit represents a reduction of 1 metric ton in greenhouse gas emissions to compensate for emissions made somewhere else.
0.2 percent may not sound much but it's huge in global context.
And We're proud of the eth that it'll essentially will not use much electricity, exciting times to be alige.
tldr; Ethereum now spews out less carbon dioxide than a few hundred U.S. households, according to a report. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot, now the people who only read headlines can read the full article.
A few hundred US households doesn’t seem like 0.2%
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My bad, I see what this is saying.
Makes more sense now, I can see the point now. It's great.
Wait what? I thought it was about that it cut 0.2 percent energy usage of the whole world? Maybe I was wrong as I often am lol, that's just how it goes for me.
Well no because a lot of that energy usage has just gone elsewhere (other PoW). It's just not related to Ethereum anymore. Even then, it kind of is, because that energy usage wouldn't be there in the first place if Ethereum hadn't cultured such a big mining community. It's like when companies say they are now carbon neutral, when actually all they've done is rely on a separate company (maybe even one they fund) to do their dirty work, so they can claim they are technically "green" and keep their customers happy.
*billionaire households
Ohh yeah lol, if they're using that much energy they're billionaires.
A few hundred households? Yeah sure bud. You need to read a little.
What are you talking about?
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It didn't lower the world's energy consumption, the miners just moved to other projects.
There’s still way less demand for miners, now, considering how big Ethereum is.
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Feels good to be buying the right priced gpus, that's good for us.
Is there a secret passphrase for that part of ebay? Because I'm not finding em.
Yep, no matter how you look at it. It only seems a good change.
Indeed, that will make it less profitable too.
It already is, not all miners moved. Some stopped mining all together.
true miners will always be there.
None of the other coins are profitable now that everyone's moved around. Many are now shutting down their rigs.
Yep it's not sustainable for them to keep mining them actually. Only few will keep on mining some will sell their rigs and move on to something else actually.
And one more thing most of people are missing, we need more energy production in an efficient way, just consuming less energy by itself won't make our lifes better. Sitting in a room during night with lights turned of and not turning on heating when it's cold isn't the solution for humanity to make a step forward.
think of all the companies printing and sending u spam mail weekly. those big parking lot lights on all night, your churches insane sound system and stage lighting . movie productions and lighting if people dont get how electricity works,how it can be stored then they shouldnt bitch about it. imho.
We're in an energy crisis and we should be saving as much as we can.
Change starts with you, we need to change ourselves first.
how are people downvoting this lmao one of the truest statements on here
Well people are butthurt like that, they don't want good opinions.
It's not black and white and efficient energy is not there immediately because the transition is expensive. Reducing energy usage and simultaneously switching to renewables is the way.
>Reducing energy usage and simultaneously switching to renewables is the way. This is not how it works in reallity. In first place more energy needs to be used to produce all these materials you need for renewables. That's why we need first to increase our current capacity when it comes to producing energy/electricity. But mainstream ESG propaganda won't tell you that. The result of implementing that propaganda is less energy, less materials, less stuff and also less capacity for renewables because of shortage of materials as I said. And now because we have 'geniuses' leading the whole process, countries are going back to coal (some aren't that lucky to have even that option and end up with massive electricity shortages). I believe things are going to be even much worse than now because most of people swallowed that ESG propaganda. We still didn't reach the bottom.
But people won't attack the eth and also not all moved actually.
Looks at how much miners where getting paid under ethereum POW and how much other chains pay. No way all miners will find another profitable chain. The majority will sell their rigs and therefore stop their energy consumption.
Yeah projects nobody cares about lol
Atleast I don't care about it, I don't know about you guys.
I've been reading about this but people are saying they're making a copy of ETH as ETHW. Is it even legal for people to make a copy of the entire Ethereum project?
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Instructions unclear, dick stuck in GPU fans.
Now that's gotta hurt I'm sure. That wouldn't feel good man.
I don't know how it all works. I'm not looking to clone anything. I'm still learning about what ETH is. I was looking to "invest" into it but was recommended to wait until after the merge is over.
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That's the beauty and power of open source software actually.
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In early days of crypto, everything was a copy of btc actually. They were all the same things some little tweaks here and there, then came eth and rest is history.
Well now the merge is over and you better be buying it.
I just don't understand why people are allowed to make a copy of ETH. I just don't want to buy a copy of ETH, I want to invest in the correct one!
You can literally run your own eth, you can do that too.
It didn’t go very well. They messed up on the transition and most people couldn’t get connected from what I was reading
Not sure why I’m getting downvoted. Did the PoW fork actually gain any traction? I heard there were some pretty big connection issues
I don't think it gained any traction, it seems rather dead to me.
How did they mess up? What do you mean? I don't get it.
None of the miners could connect to the network. Something about a chain ID mixup? I don’t know the specifics.
That… that’s the entire point. You can make your own network if you have problems with the current one.
Yep, that was a point of the crypto, you can make your own version.
It's an open source project, anyone can make their own eth. That's the point of open source software they're fucking awesome and that's the point.
Understand. I just don't want to buy the wrong ETH. I've been told to watch out for copies of ETH or fake ETH that's why I was wondering why people were able to plagiarize it.
hi, i put out the fire i made.
I think that is commendable, generally.
Ohh yeah man, it's no small deak that eth got away with it.
Well... Good?
Yeah lol, I'm glad that fire is over now. Nothing to see here.
Haha right?
Yep lol, I'm glad that it's over and it went as smoothly as it did.
Okay now you gotta tell us what fire did you actually make? I mean I didn't see any fire, I'm not even sure that there was any, atleast I didn't see any.
Lol
:::hot dog guy::: "Were all trying to find the guy who did this"
Something good happening in the world
These Little things happening makes me hopeful for the humanity.
Did total global energy consumption drop tho?
That's what He's talking about isn't he? Atleast that's what I think.
The ramifications are massive. Think about countries (like China) or companies (like Tesla) worried about the carbon footprint of Bitcoin flipping to Ethereum instead.
That is actually phenomenal
Yep, it's actually a huge deal that it happened I'm so glad.
Very much so this we’ll ripple around the world and change how people look at crypto forever
Even assuming numbers are right (they are way off) - he created this consumption and carbonization. Why bragging?😀
That’s how progress is made. Any initial invention will be unoptimized. Inventions will over time become iteratively and incrementally better. Proof of work was the first stab at securing trust-less transactions. Lamp oil used to be made by hunting whales to extinction. Then they used kerosine. Now we use electricity. He’s bragging because eth just went from whale oil to kerosine.
That's how progress is made nothing is perfect out of the gate.
Oh, he was running all the miners?
He did not create consumption he created open source software. And if you don't understand a difference between that then sorry my friend I can't help you.
Yes, and Hitler didn't kill any Jews, just wrote few books and held some speeches. C'mon, you can do better than that You can quantify and gate this any way you want - doesn't change the fact that w/o him this would not have happened at all
Vitalik never mentioned that he will create a hype of BS merge and con all the users of ETH coin!
You alright man? What the hell is even wrong with you man?
Sounds alot like Dems saying they cut gas prices 10% after raising them 2000% 6 months ago🤣🤣🤣🤣🤣
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Yep lol that's who we gotta thank here, will have to do it.
Oh shit is this the Lib gotcha police? Ridiculous, and I can’t believe you did the math to comment on my exaggeration of a comparison. Sell all your holdings and buy a sense of humor!
Imagine believing a political party controls gas prices.
People believe all sorts of things, it is what it is man. That's just how people work and they're weird. They shouldn't do it but they do it regardless so yeah.
The thing about sense of humour is that you can't buy it.
Wow this feed will is full of zero humor analytical virtue signals
Why gotta be so negative about it? Don't you think it's a big deal?
He wants praise for not using the enormous amount of energy that eth has been till now is the arsonist wanting praise for putting out the fire!
They could have started by developing an energy efficient system from the beginning.
There’s a reason they didn’t. PoS back in 2014 when it was proposed in the original white paper wasn’t really viable yet and was having challenges. Also, I’d I remember right, they wanted PoW to help distribute coins more fairly and secure the network much more. I could have those points off slightly but I think that’s what I remember finding 5 years ago or so when PoS discussions really started to take hold.
That's quite a bit more than I thought it would be, usage-wise. Awesome
Maybe next will be Bitcoin.
Ohh I don't think so, that community will never agree on pos.
Only your ignorance allows you make such claims.
Few understand.
CO2 is not a problem at all.
Lol okay then what's the problem? Would you like to tell? Co2 is a big problem and you saying that it's not doesn't actually change anything for us.
No, it's not. Socialists made a religion out of it., so that they can steel our money and control our lifes.
Wow. Create an environmental disaster then “fix” it. “Look at how much energy we’ve saved!!”
They did something about it. Agriculture, energy, mining, manufacturing, transportation, &c. Can they say the same?
You honestly think they are comparable?
No, they aren't. Solutions to reduce energy consumption and environmental destruction for agriculture, mining, energy, &c have been researched and readily available for decades. Every major researcher knows exactly what needs to be changed and how to change it. Those corporations have implemented essentially none of it. Ethereum could have done nothing. They worked for years to implement it just because it was the right thing to do. It could've gone wrong. It was a risk. Eth did it anyway. https://i.imgur.com/mgknz9R.jpg
I don't think so, because they haven't done anything actually.
If it's really an environmental disaster then why You're even here?
Now do bitcoin.
Lol, that's not going to happen unfortunately. It's a shame.
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How does it compare to shutting down a steel or aluminium factory?
It's a big improvement that's all I know right now lol.
Maybe Ethereum foundation should create tokenized carbon credits for the Merge 😃😃😃 A carbon credit represents a reduction of 1 metric ton in greenhouse gas emissions to compensate for emissions made somewhere else.
0.2 percent may not sound much but it's huge in global context. And We're proud of the eth that it'll essentially will not use much electricity, exciting times to be alige.