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The Ethereum merge is done

coindesk.com

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Re: The Ethereum merge is done

#41

Post by edgyquant »

lmarcos wrote: 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…

That’s because eth is a hype train. If you’re a distributed systems engineer you definitely grasp it

Re: The Ethereum merge is done

#42

Post by capableweb »

alexmingoia wrote: post #34
JonathanBeuys wrote: post #6

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.

Energy generation changes depending on energy usage. The grids around the world are highly flexible (in relative terms) so when energy usage goes down, less energy is produced and vice-versa.

Re: The Ethereum merge is done

#43

Post by michaelsbradley »

capableweb wrote: post #24
JonathanBeuys wrote: post #6

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.

No, PoW on Ethereum mainnet is forever done after The Merge. The chain is now fully PoS.

Re: The Ethereum merge is done

#44

Post by jazzyjackson »

pshc wrote: post #35

The validator of the first proof of stake block earned just over 45 ETH as everyone clamored to get their transaction in this historic block: https://etherscan.io/block/15537394

The validator is randomly chosen, no? So we essentially have a lottery as a banking system now?

Re: The Ethereum merge is done

#45

Post by mudrockbestgirl »

lmarcos wrote: 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…

The official Ethereum docs [0] are a good starting point. There are a lot of good resources under the "Learn" tab as well.

[0] https://ethereum.org/en/developers/docs/

Re: The Ethereum merge is done

#46

Post by ChuckNorris89 »

JonathanBeuys wrote: post #6

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 it reduces the world's energy bill by 0.5%

I live in Europe and the measures my county is taking to combat energy shortage are pretty wild like limiting the heating of apartments, indoor swimming pools, reducing street lighting, but nowhere was is stated "banning crypto mining".

Pretty insane how we're just tolerating this massive energy waste just so some people and organizations can have something to speculate on for money.

Re: The Ethereum merge is done

#47

Post by BiteCode_dev »

I assume it has been debated again and again, but since I don't know the answer I'm going to ask:

We often complain people hold cryptocurrencies instead of using them as money. Isn't this change going to make this worse ?

Re: The Ethereum merge is done

#48

Post by mrpopo »

bambataa wrote: post #32
rvz wrote: 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.

Crypto has a far lower ratio on utility/speculation than other wasteful computations. Deep learning is changing the world in many visible ways (with a whole lot of speculation regardless).

Re: The Ethereum merge is done

#49

Post by [deleted] »

scambier wrote: post #15
JonathanBeuys wrote: post #6

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?

[deleted]

Re: The Ethereum merge is done

#50

Post by Shorel »

bambataa wrote: post #32
rvz wrote: 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.

No one will ever say anything bad about game consoles, which consume much more electricity than cryptocurrencies =)
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