proof of-work

Markets Daily Podcast Cover
Crypto News Roundup for Sept. 21, 2022
With bitcoin trading flat in line with stocks as investors await the Federal Reserve's interest rate decision on Wednesday, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

Grayscale at Conesnsus 2016, in the early days of Ethereum.
Grayscale Investments Declares Rights to 3.1M ETHPoW
The fund manager said it will try to sell tokens and give cash proceeds to shareholders.
Grayscale at Conesnsus 2016, in the early days of Ethereum.

CDCROP: Chandler Guo told "First Mover" he expects only 10% of miners will survive post-Merge. (CoinDesk TV, modified)
Ethereum Miner Chandler Guo Predicts 90% of PoW Miners Will Go Bankrupt
The Merge put a big hurt on mining, the proof-of-work advocate told CoinDesk TV. He believes the Ethereum fork he backs will draw what miners remain as the glitches are fixed.
CDCROP: Chandler Guo told "First Mover" he expects only 10% of miners will survive post-Merge. (CoinDesk TV, modified)

CDCROP: Figure It Out cube (Karla Hernandez/Unsplash)
Ethereum PoW Network Sees Complaints on Day 1 Amid Data Goof-Up
Users said they weren't able to access the blockchain's servers using the public information and attempts to link it to a crypto wallet failed.
CDCROP: Figure It Out cube (Karla Hernandez/Unsplash)

CDCROP: Spiral winding staircase (Chengting Xie/unsplash)
Ethereum Already Showing Signs of Increased Centralization
In hours following the Merge, just two platforms added over 40% of the network's blocks.
CDCROP: Spiral winding staircase (Chengting Xie/unsplash)

Tracks merging
Ethereum Miners Are Quickly Dying Less Than 24 Hours After the Merge
Now-redundant, Ethereum miners are flocking to other proof-of-work tokens after the network switched to a proof-of-stake consensus mechanism and finding slim pickings.
Tracks merging

(Sandali Handagama/CoinDesk)
Ethereum PoW Is Not an Ethereum Competitor
Will proof-of-work blockchains benefit from the Merge, beyond short-term speculation?
(Sandali Handagama/CoinDesk)

Ethereum goes greener (Midjourney/CoinDesk)
Vitalik Buterin Says Ethereum Merge Cut Global Energy Usage by 0.2%, One of Biggest Decarbonization Events Ever
Ethereum now spews out less carbon dioxide than a few hundred U.S. households, according to a report.
Ethereum goes greener (Midjourney/CoinDesk)

More pressure promised on Bitcoin's energy usage (Anne Nygard/Unsplash)
Environmental Groups to Spend Another $1M on Ads for Bitcoin Code Change After the Merge
The "Change the Code, Not the Climate" campaign is upping its efforts following Ethereum's switch to proof of stake.
More pressure promised on Bitcoin's energy usage (Anne Nygard/Unsplash)