Plan to cut Ethereum energy use sees miners switch cryptocurrencies

2 years ago 140

The Merge, a long-awaited update which promised to slash Ethereum’s immense vigor consumption, has alternatively pushed miners towards different cryptocurrencies

Technology 20 September 2022

By Matthew Sparkes

Man holding laptop adjacent  to slope  of machine  equipment

An technologist astatine a cryptocurrency mining business

PixeloneStocker/Getty Images

A extremist update past week to the Ethereum cryptocurrency was expected to trim vigor depletion by 99 per cent, but the savings person truthful acold failed to materialise arsenic miners evicted from the web flock to different currencies. Estimates suggest that astatine slightest 50 per cent of vigor bare mining hardware formerly moving Ethereum has present been enactment to usage mining different coins.

In a long-awaited and much-delayed update called the Merge, Ethereum shifted from a impervious of enactment (PoW) exemplary – wherever …

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