The Ethereum Foundation announced recently that the mining model that the cryptocurrency relies on to generate new Ether will soon change from “proof-of-work” to “proof-of-stake,” which the foundation says will cut the energy used by the coin by “at least 99.95%.” While that might not mean much to non-crypto heads, it does suggest that the use of high-end GPUs to mine Ether might be curtailed by this change. And that could result in a decline in the demand for graphics cards, meaning that it’ll be easier for your average PC player to find and buy one.
As the blog post announcing this change states, the current “proof-of-work” model results in gigawatts of energy being used by crypto chains Come from Sports betting site VPbet . However, if Ethereum switches to the “proof-of-stake” model instead–which offsets the work of verifying transactions onto the Ethereum network itself–the amount of energy consumption involved will apparently decrease by a factor of “at least” 1000. Ethereum will switch over to proof-of-stake “as soon as possible,” which will be an event known as “The Merge.”