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Ethereum's Lifetime Energy Use Before the Merge Equaled Switzerland's for a Year
If Bitcoin’s energy consumption can be thought of as a skyscraper, Ethereum’s energy use post-Merge, would be the size of a raspberry, according to University of Cambridge research.
Ethereum’s energy consumption from the blockchain's inception in 2015 until it moved to a proof-of-stake (PoS) consensus mechanism late last year is about equal to that used by all of Switzerland in just a year, according to the University of Cambridge’s Centre for Alternative Finance (CCAF).
The CCAF, known for estimating the Bitcoin network’s energy consumption over the past several years, says Ethereum’s consumption totaled 58.26 Terawatt hours (TWh) between 2015 and the so-called Merge . Switzerland’s annual electricity consumption is 54.88 TWh, while Bitcoin’s is 143.9 TWh, according to the CCAF.
Read More: https://www.coindesk.com/tech/2023/04/26/ethereums-lifetime-energy-use-before-the-merge-equaled-switzerlands-for-a-year/
If Bitcoin’s energy consumption can be thought of as a skyscraper, Ethereum’s energy use post-Merge, would be the size of a raspberry, according to University of Cambridge research.
Ethereum’s energy consumption from the blockchain's inception in 2015 until it moved to a proof-of-stake (PoS) consensus mechanism late last year is about equal to that used by all of Switzerland in just a year, according to the University of Cambridge’s Centre for Alternative Finance (CCAF).
The CCAF, known for estimating the Bitcoin network’s energy consumption over the past several years, says Ethereum’s consumption totaled 58.26 Terawatt hours (TWh) between 2015 and the so-called Merge . Switzerland’s annual electricity consumption is 54.88 TWh, while Bitcoin’s is 143.9 TWh, according to the CCAF.
Read More: https://www.coindesk.com/tech/2023/04/26/ethereums-lifetime-energy-use-before-the-merge-equaled-switzerlands-for-a-year/
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