How? mining new coins doesn't cost energy, preventing double-spends does. Premining wouldn't make any difference
Proof of stake or some other non proof of work consensus mechanism could reduce the energy usage
How? mining new coins doesn't cost energy, preventing double-spends does. Premining wouldn't make any difference
Proof of stake or some other non proof of work consensus mechanism could reduce the energy usage
[1] https://blog.ethereum.org/2016/12/04/ethereum-research-updat...
Cardano Solana Polkadot Tron Avalanche
Ethereum is also on a roadmap to migrate to proof of stake
Oh wait, most mining operations are in the millions of dollars range, nevermind the fact that 84% of all BTC is held by .3% of addresses with > 100 BTC...
Both PoW and PoS have centralisation, but PoS vastly increases this centralisation, does it at a far faster rate, and "locks it in" (there is no feasible way to overcome the most powerful node in PoS, this is not the case thankfully in PoW)