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A comment on Bitcoin Mining Now Consuming More Electricity Than Many Countries. Parent comment

Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by jacobush on Wednesday November 22, 2017 @05:55PM (#15761407)
I am not holding my breath waiting for Ethereum Proof of Stake. When is the switch? What are the incentives for nodes and miners to switch?
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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by AgentME on Wednesday November 22, 2017 @11:15PM (#15762689)
A lot of Ethereum users are excited for a solid proof of stake system. The incentive is visible in this thread: people want to feel they're not contributing to wasting electricity.

And the incentive for miners ... well, Ethereum doesn't need them if it has proof of stake, so that part doesn't matter. They don't dictate the rules of the system.

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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by jacobush on Thursday November 23, 2017 @04:32AM (#15763950)
Within the system, they have not. External to the Ethereum network, I expect people heavily invested in mining infrastructure to fight tooth and nail to protect their investments.
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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by akvadrako on Thursday November 23, 2017 @05:34AM (#15764185)
It won't happen anytime soon because PoS is still theoretical and might even be impossible to do securely.
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