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The Ethereum merge is done

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Re: The Ethereum merge is done

#31

It worked. And it reduces the world's energy bill by 0.5%: https://twitter.com/JonathanBeuys/status/1570305323629527046 I feel a great disturbance in the force. As if a million miners cried out all at once and then were suddenly silenced.

Wait, the Ethereum blockchain alone was consuming 0.5% of the world's total energy?

Completely indefensible in a world beset with global warming and energy shortages

Re: The Ethereum merge is done

#32
post #18

Good. The merge worked and they are not burning up the planet. Now when are those Deep Learning systems in these data centers going to stop incinerating the planet with their useless deep learning models that not only are broken but require constant retraining and wasteful CO2 energy usage for years without any efficient alternatives?

I do find it interesting that people hate on crypto for its energy consumption but ignore all the other wasteful computation.

Re: The Ethereum merge is done

#33

It worked. And it reduces the world's energy bill by 0.5%: https://twitter.com/JonathanBeuys/status/1570305323629527046 I feel a great disturbance in the force. As if a million miners cried out all at once and then were suddenly silenced.

> I feel a great disturbance in the force. As if a million miners cried out all at once and then were suddenly silenced. You might want to adjust your force sensitivity. The merge doesn't simply GPU mining will stop, simply that the PoS chain is now merged with the PoW chain. You'll still be able to PoW mine with your GPU until they remove PoW fully, which is due to happen sometime around Q3 2022.

what you're referring to is an earlier way the merge was designed. there is no PoW mining anymore.

Re: The Ethereum merge is done

#34

It worked. And it reduces the world's energy bill by 0.5%: https://twitter.com/JonathanBeuys/status/1570305323629527046 I feel a great disturbance in the force. As if a million miners cried out all at once and then were suddenly silenced.

We'll still use that 0.5% for something else, right? It's not as if power generation (and emissions) will be reduced.

Re: The Ethereum merge is done

#36
post #28

> The Merge is one of the largest technological events in the industry to date. I feel kinda ashamed. I work in the IT industry and I claim to have knowledge about ("good") software engineering practices, distributed systems, compilers, algorithms, etc. Nevertheless, I didn't understand a word of what the article is saying. Could you recommend serious references (preferably books and not random blogs) I could read to…

I wouldnt worry, the whole system up to this point has used "technobabble" as a means to confuse and impress outsiders. When reading up on it, there is no meaning to find besides "yep, its a linked list allright".

Re: The Ethereum merge is done

#37

Earlier quoted context omitted.

> I feel a great disturbance in the force. As if a million miners cried out all at once and then were suddenly silenced. You might want to adjust your force sensitivity. The merge doesn't simply GPU mining will stop, simply that the PoS chain is now merged with the PoW chain. You'll still be able to PoW mine with your GPU until they remove PoW fully, which is due to happen sometime around Q3 2022.

what you're referring to is an earlier way the merge was designed. there is no PoW mining anymore.

If that's the case, I stand correctly. Seems my understanding of the merge was an outdated one then. Thanks for the correction.

Re: The Ethereum merge is done

#38

It worked. And it reduces the world's energy bill by 0.5%: https://twitter.com/JonathanBeuys/status/1570305323629527046 I feel a great disturbance in the force. As if a million miners cried out all at once and then were suddenly silenced.

We'll still use that 0.5% for something else, right? It's not as if power generation (and emissions) will be reduced.

Some power generation is done by demand, e.g. coal plants are fired when there is demand or turned off when there is low demand. Same with e.g. pumped hydro and other sources.

Re: The Ethereum merge is done

#39

It worked. And it reduces the world's energy bill by 0.5%: https://twitter.com/JonathanBeuys/status/1570305323629527046 I feel a great disturbance in the force. As if a million miners cried out all at once and then were suddenly silenced.

And a million gamers are still waiting for reasonable GPU prices.

Nvidia really milked that cash cow.

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