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Ethereum Merge cuts power use over 99.9%

Ethereum Merge cuts power use over 99.9%

  • The Cambridge Centre for Alternative Finance said Ethereum (CRYPTO:ETH) cut power use by more than 99.9% after the Merge.
  • Ethereum ranked second-lowest for energy use relative to market value among major proof-of-stake networks.
  • The study found Ethereum’s remaining emissions now depend mainly on the electricity sources used by network nodes.

The Cambridge Centre for Alternative Finance said Ethereum (CRYPTO:ETH) reduced its electricity use by more than 99.9% after switching to proof-of-stake in September 2022.

Cambridge found Ethereum uses about 33 kilowatt-hours for every US$1 million of market value, ranking second only to BNB Chain (CRYPTO:BNB) among the networks studied.

“Under Proof-of-Stake, electricity is no longer the price of…

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