The Ethereum merge is done

Post by hagbarth » Thu, Sep 15, 2022, 7:18 AM UTC

adh636 wrote: post #26

Uehreka wrote: post #5

I gotta say, I’ve been really cynical about this and honestly thought Ethereum would keep putting off the move to PoS forever. I’m very very happy to be wrong. I still don’t see the value in cryptocurrency as a project, but now that it’s not rolling back years of renewable energy development, I’m down to have some much more interesting conversations about Ethereum, and I may even be willing to buy some and try it out…

PoW incentivizes renewable energy development. It's certainly not rolling it back. It used to also incentivize GPU production, but as of today that has been diminished as well. Instead it is only current asset holders who reap the rewards. EDIT: Edited to include at least one source on the connections between PoW and renewable energy. This just scratches the surface though. https://squareup.com/us/en/press/bcei-white…

Post by dudebrooo » Thu, Sep 15, 2022, 7:19 AM UTC

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.

Post by everfree » Thu, Sep 15, 2022, 7:19 AM UTC

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.

Post by silisili » Thu, Sep 15, 2022, 7:20 AM UTC

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…

Post by michaelwww » Thu, Sep 15, 2022, 7:21 AM UTC

Shorel wrote: post #50

bambataa wrote: post #32

Earlier quoted context omitted.

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 =)