#STAKING WILL DROP POWER CONSUMPTION PC#

One of the key changes 'in the upcoming months,' which will be of interest to PC enthusiasts and gamers, is that mining of ETH will end, so the GPUs tied up in this task will be sold off as the transition approaches, or diverted to mine some other cryptocurrency which is found to be a worthwhile endeavour.ĮTH currently has a quite particular balance of GPU minability, and profitability due to its valuation, that have made GPU hardware mining so popular. The advantages of the upcoming changes to PoS extend to energy consumption per transaction too, which as you can see below, is a major flaw in Bitcoin (BTC). 'Under Proof-of-Stake, when the price of ETH increases, the security of the network does too (the value of the ETH at-stake is worth more), but the energy requirements remain unchanged.' This will make ETH a much greener cryptocurrency. Therefore, as the price increases, in equilibrium so too does the power consumed by the network,' explains the ETH blog.

'Under PoW, as the price of ETH and the hashrate are positively correlated. Going forward, it is asserted that the energy sucked from power grids worldwide for ETH will not increase significantly beyond the above projections. PoS Ethereum will consume something in the order of 2.62 megawatts, like a small US town of about 2,100 homes.PoW Ethereum miners currently consume 5.13 gigawatts on a continuing basis, like a medium-sized country.Some numbers and comparisons put forward by the Ethereum Foundation are provided, as follows Last but not least there is expected to be an impact on the PC GPU market. The new PoS total power consumption is going to be an estimated 99.95 per cent lower than the current PoW model. The headline change is that this will mean that ETH no longer requires 'a country's worth of power' to run the Beacon chain. The Ethereum roadmap has signposted a transition from Proof of Work (PoW) to Proof of Stake (PoS) 'in the upcoming months,' according to a blog post by the Ethereum Foundation this week.

Staking will drop power consumption