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Comment by rootlocus | Hacker News Reader

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rootlocus

And we taxed the planet a little bit as well.

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That happens regardless of the number of ethereum transactions.

More gas fee -> more profit for miners -> more miners -> higher difficulty -> more energy used

And will end entirely in a few months.

Ethereum has been saying that for years. Isn't the current timeline end of 2022?

Also there are broader issues with crypto beyond its environmental impact and some issues with proof of stake specifically.

At least they acknowledge the problem and are trying to solve it.

EDIT: Holy smokes, it is absolutely exhausting to say anything even neutral about a cryptocurrency on Hacker News. I'm gonna take a break. I wanna get back to talking about all the other interesting things out there.

They are trying to solve one of the problems, yes but there are broader issues with crypto beyond the large scale environmental issues. And even when Ethereum does switch to proof of stake, it seems likely that many of the people who run large scale mining farms will just move to a different chain that they can still dedicate their GPUs to.

> They are trying to solve one of the problems, yes

That was the only point I was trying to make. It's okay to agree with me, instead of carrying the goal posts off into the distance. :D

> it seems likely that many of the people who run large scale mining farms will just move to a different chain that they can still dedicate their GPUs to

Not likely. Other chains do not have the economic incentives to support these ex-Ethereum miners. Mostly it will just cease.

"We created a problem...as a solution for an issue that didn't exist...and should now get brownie points for trying to solve it unsuccessfully for years"

What crypto friendly forums do you visit?

Didn't they want to end it already a few month ago?

And everyone will get a free unicorn!

Basically yes. If people on hn got their heads out of the sand they'd learn being in the space was pretty profitable because of all the incentives offered to users.

The complaining about ETH/BTC environmental cost is probably the lamest anti-crypto argument. It's just this beaten to death: https://slatestarcodex.com/2014/08/14/beware-isolated-demand...

With the coming proof-of-stake it won't even be true (at least for ETH).

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