Yatit Thakker
Mar 30, 2021

--

Unfortunately another outdated response that doesn’t hold water anymore. With Ethereum’s Serenity release, Proof of Stake no longer requires mining. A better response would’ve been to just focus on GPU’s being used for their most obviously abundant use… gaming. The release of new consoles like the PS5 and the new Xbox combined with people being stuck indoors due to social distancing led to multiple huge spikes in demand. You don’t need to blame Ethereum when it’s doing the best job of responding to valid criticisms surrounding crypto.

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--

Yatit Thakker
Yatit Thakker

Written by Yatit Thakker

Renaissance Engineer. Entrepreneur. Passionate about technology, education, and the environment.

Responses (3)

Write a response