Ethereum Merge is a Good Solution for Climate Issues Plaguing Crypto

Ethereum merge is a good solution for the huge climate issues plaguing crypto as mining rigs

In September, the Ethereum cryptocurrency network accomplished what it had promised for years: it switched to a mining mechanism that emits considerably fewer emissions than the norm, a move known as the Merge. Did the changeover have any effect on the currency's emissions? Undoubtedly, Ethereum merge is a good solution.

According to a peer-reviewed opinion piece published lately in the journal Patterns, the preliminary response is, reluctantly, yes. According to the report, the entire energy demand connected with the Ethereum crypto decreased by more than 99% following the Ethereum Merge, which might imply a reduction in energy needs as large as some medium-sized countries. In this climate issues plaguing crypto, the more computational power a miner has, the higher chance they have of solving the equation and winning the reward, which incentivizes mining companies to operate as many computers as possible 24 hours a day, seven days a week, resulting in massive amounts of carbon emissions.

Proof-of-stake, which Ethereum implemented in September, works more like a lottery system, which means miners don't require all those energy-guzzling equipment. According to Earther, the new report, written by Alex de Vries of the cryptocurrency site Digiconomist, offers "the best- and worst-case scenarios before and after the Merge." Estimating the precise energy usage of any cryptocurrency network is not an exact science, but depending on the number of devices linked to the network, a range of probable energy needs may be estimated.

"The best-and worst-case situations before and after the Merge…can be calculated pretty readily and with a very high degree of accuracy," stated de Vries. Before the Merge, the best-case scenario would be for the machines on the network to run as efficiently as possible, resulting in lower energy consumption; however, the worst-case scenario would be for those machines to run at "the maximum amount miners could afford if they were spending all of their money on electricity." De Vries used comparable calculations following the Merge.