this post was submitted on 09 Feb 2024
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Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption (www.tomshardware.com)
submitted 9 months ago by [email protected] to c/technology
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[–] eager_eagle 11 points 9 months ago* (last edited 9 months ago)

You mean proof of work? And I disagree, Ethereum moved from PoW to PoS and gained market cap since then. The high costs are just a consequence of the consensus mechanism in use.