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Ethereum blockchain set for 'monumental' overhaul

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14 Comments
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Watse of computing,this is a fraud,have zero backing,let the computer pick a winning lottery number instead

-6 ( +2 / -8 )

So it has to solve a puzzle! And what puzzle is this solving? Or is it a nice story that sounds cool like “it’s mining “.

-3 ( +3 / -6 )

Yes, leave the fiat system for a crypto controlled by a single guy and with transactions validated by the rich. Sounds perfect.

-5 ( +0 / -5 )

Massive waste of power. If they can fix that it would be a big plus. Whole thing sounds risky and you can be sure hackers (NK/Russian/Chinese) will be more than willing to cash in anyway they can.

-1 ( +0 / -1 )

I look at the photo and all I see is a vast electrical vacuum.

It is interesting to see the pro crypto go crazy putting out article after article with "in to future" " with advancements" etc...to try and say this form of currency inst far more costly in power than what they like to call "Fiat" but the reality is that today cryptocurrency uses fat more and if the supporters get their way then it will need 90% more as the entire population would be using it.

As it is now our power grids in the developed world can't even handle high temperature or colder temperatures than average, the systems are already strained, UK struggling to give basic power as is Germany, Texas grid crashed in the winter, etc...so now add in billions using cryptocurrencies, billions converting to EV cars, billions converting from coal, oil, gas heating to electrical and where is all that power going to come from? No wind, solar etc..will not produce enough and that is the least of the problem, distribution, power grids, basic physical structures are not available and cannot be built in a short time. Look at what happened after Tohoku earthquake west and east Japan cannot even share power effectively and that is just Japan USA is worse, Canada no better and Europe is as big s joke.

We are clearly putting the carts before the horse , heck the horse isn't even born yet.

-2 ( +0 / -2 )

It is interesting to see the pro crypto go crazy putting out article after article with "in to future" " with advancements" etc...to try and say this form of currency inst far more costly in power than what they like to call "Fiat" but the reality is that today cryptocurrency uses fat more and if the supporters get their way then it will need 90% more as the entire population would be using it.

I am assuming we are talking about bitcoin here as ethereum is moving to POS. The number of users using BTC is not correlated to the need of electricity, BTC can work technically with a few home computers, greed and people with resources investing in expensive hardware wanting a share of the pie bring the electricity consumption high.

0 ( +1 / -1 )

Why waste you money on something that has no real value ?

0 ( +1 / -1 )

Banks and the Banking Institutions "rip us off" when it comes to cross-currency transfers, they claim antiquated transfer costs as being the reason for this, and don't even tell us how much it will cost (end-to-end... HSBC being my example here).

e-Currencies although valueless, offer something - an immediate transfer without intermediaries.

Governments, should get real, and ban the current rip-off scam that "Banks" have setup in place.

1 ( +1 / -0 )

@JTC Get ready if this change is being made it is because money will sooner or later have no value everything will be digital currency. Wake up credit cards and debit cards are good examples of where people no longer carry money because it is on a card this is just another way of printing money only digitally. Once the governments and the IMF can find out how to regulate it then it will become full steam ahead. Buy now even if it is cheap rather than saying later on in life I should could of but in reality to dumb or cheap to just play the simple futures game.

Why waste you money on something that has no real value ?

-2 ( +0 / -2 )

So it needs regulation for it to thrive? I thought the draw of it is to be rid of those pesky rules and regulations. Banks will be banks, crypto isn't going to be substitute for loans and mortgages.

Somehow it will save you from those pesky fees and government oversight, but not from the crippling anxiety from the instability in its value.

0 ( +0 / -0 )

99% of the posters didn't read the article... After the merge no more miners for Ethereum. Miner hardware required for mining, and that takes all the power that people are talking about, are useless (at least for Ethereum).

0 ( +0 / -0 )

 The biggest crypto mines are in China.

Not any more. Last year China outlawed crypto mining entirely. It is completely shut down in China.

0 ( +0 / -0 )

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