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If ETH is hybrid now, how much it helped the energy usage? Did it go down significantly compared to a year ago (even if measured in ETH)? Bitcoin had a halving
by xiphias2 6y ago
If ETH is hybrid now, how much it helped the energy usage? Did it go down significantly compared to a year ago (even if measured in ETH)?
Bitcoin had a halving, which was very sifnificant energy usage decrease measured in BTC (which caused the significant price increase).
- melolife 6y agoETH cannot be described as a hybrid. The 2.0 chain is currently independent of the existing chain. The plan is to dock the existing chain as a shard of the new one, at which point it immediately becomes 100% proof of stake.
- chrisco255 6y agoCalling the halving a significant energy usage decrease is the opposite of what happens after a halving. A halving means miners are paid half as many BTC for discovering new blocks, then prices increase, which means that miners can afford (and typically must to stay competitive) to pay more for mining equipment and electricity to mine blocks profitably.