Ethereum will use around 99.95% less energy post merge

Re:Ethereum will use around 99.95% less energy post merge by fredfoobar on Tuesday May 18, 2021 @02:51PM (#27199288)

[responding to the pre-edit question about PoW] I just did, you don't need any capital to run a node. The book documents an incident where there was majority hash-rate (miners) wanting to change the rules against the wishes of the users.

more info: https://www.youtube.com/watch?v=4IT4s-6T__k

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Re:Ethereum will use around 99.95% less energy post merge by crispyporkbites on Tuesday May 18, 2021 @03:26PM (#27199768)

But at scale you need lots of nodes/computational power and therefore lots of money. It doesn’t really make a difference whether you buy graphics cards in a pow world or ethereum in a pos world, you need lots of capital to be influential.

Now if we could make it Proof of Human, one vote, one person, non-transferable, that would be true distributed consensus. Even then you would get people buying votes with advertising as we see today in “normal” elections.

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Re:Ethereum will use around 99.95% less energy post merge by fredfoobar on Tuesday May 18, 2021 @07:20PM (#27202581)

> But at scale you need lots of nodes/computational power and therefore lots of money. It doesn’t really make a difference whether you buy graphics cards in a pow world or ethereum in a pos world, you need lots of capital to be influential.

You're missing the energy part of the equation (opex), that is continuously required.

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Re:Ethereum will use around 99.95% less energy post merge by hanniabu on Tuesday May 18, 2021 @04:56PM (#27200970)

> you don't need any capital to run a node

Please point me in the direction where I can find some of these free ASIC miners.....

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Re:Ethereum will use around 99.95% less energy post merge by fredfoobar on Tuesday May 18, 2021 @05:30PM (#27201461)

full node != miner

Run your own full node,

easiest option: getumbrel.com

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