Overall power savings and climate gains are likely to be curbed if the electricity-hungry computers that previously helped to operate the network have been repurposed to mine other energy-intensive tokens, according to a paper published Tuesday in Cell Press journalMost of the processing power “used to mine Ethereum could be used on an even broader range of cryptoassets,” De Vries said in the paper.
Ethereum’s transition in September to a proof-of-stake from a proof-of-work approach — a shift called the Merge — could have slashed its power demand by as much as the electricity requirement of Austria, according to the analysis from De Vries. He also emphasized that determining the exact power consumption of digital currencies is challenging because not all miners operate at the same efficiency.
they planned to use their facilities for other purposes, such as high-performance computing, after the Merge.of all tokens, consumes 114.1 terawatts of energy on an annualized basis, according to Digiconomist, which is comparable to the power consumption of the Netherlands. That amount of electricity generates more than 63 million tons of carbon dioxide, which is on par with the carbon footprint of Serbia and Montenegro.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Hey DM, you should do an article on the data that DSBatten writes about. How Bitcoin mining vented methane is REDUCING CO2 emissions from the largest sources in the oil and gas industry. By mining Bitcoin with waste and stranded energy sources is as 'green' as you can get.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Murray & Roberts slumps as Australian unit enters business rescue | BusinessShares of engineering firm Murray & Roberts slumped by double digits on Monday morning, after it said its proposed R4 billion sale of its Australian business unit Clough had fallen through, resulting in a business rescue process. | News24_Business _Business Gemeente Heemstede de heer en mevrouw BIDS Schenker heeft 500K weggegooid en is niet tevreden over de zinloosheid van de ontwerpen waarom niet gewoon de OUDE BOUWMATERIALEN BOUWTEKENINGEN er bij gehaald ? Herhalen de oude Tekeningen Belvédère HeemCour
Source: News24 - 🏆 4. / 80 Read more »
Metair puts brakes on plan to split business amid Turkish hyperinflation, Ukraine turmoil | BusinessDespite various disruptions, vehicle component and battery manufacturer Metair is upbeat about local car output – but its battery businesses in Turkey and Romania have been hit by hyperinflation and the invasion of Ukraine. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
Zimbabweans without power for 19 hours a day as Kariba dam runs dry | BusinessZimbabweans are being subjected to 19 hours of power cuts a day, because there is insufficient water in the Kariba dam to drive the nation’s main hydropower plant. Nooooooooooo Black failure. Why is this newsworthy?!? Show me one south African that gives a fuck! We battling our own anc demons with loadshedding here!
Source: News24 - 🏆 4. / 80 Read more »
Durban beaches open for businessThe eThekwini Municipality has been under pressure to fix infrastructure destroyed in April’s floods. Someone gonna rent out hazmat suits? Could be a golden business opportunity When it's engulfed in sewage, it's MYANC ready and approved.
Source: eNCA - 🏆 49. / 51 Read more »
amaBhungane | Controversial businessman Zunaid Moti locked in vicious legal battle with former cage-fighter | BusinessA bitter court battle between Moti and rival Frederick Lutzkie brought forth allegations involving extortion, mafia tactics, an apparent assassination and a sex abuse cover-up. | amaBhungane amaBhungane Knew there was something fishy about that kidnapping amaBhungane Yerrrr Mafia games at play here. amaBhungane Greatest desire of earning with crypto world have been a dream come true for me through the master AmelieLemaire0 he guides me through the investment process now my life is worth living thanks for the opportunity AmelieLemaire0
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: Asian equities, commodities rise on China outlook: markets wrapAsian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed. Greatest desire of earning with crypto world have been a dream come true for me through the master AmelieLemaire0 he guides me through the investment process now my life is worth living thanks for the opportunity AmelieLemaire0
Source: dailymaverick - 🏆 3. / 84 Read more »