Did the Ethereum Merge Drop ‘Worldwide Electricity Consumption’ by 0.2%?

Did the Ethereum Merge Drop ‘Worldwide Electricity Consumption’ by 0.2%?


Many miners paid upfront for these specially designed computer chips, and thus have an economic incentive to keep them plugged in so long as they’re profitable. That said, it’s unlikely the recent price appreciation in ETC, RVN and ETHW, coextensive with their networks’ increased hash power, is stable in the long term without meaningful user activity and development of those chains.

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