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Ethereum (ETH) energy consumption down 99.9% one year since the Merge
Ethereum’s transition to proof-of-stake from proof-of-work completes its first year today (15 September 2023). Notably, the blockchain’s energy consumption has plummeted by 99.9% within the past year. Ethereum’s energy usage drops dramatically following Merge The Ethereum Merge has seen the network’s energy consumption plunge by 99.9% within a year. Ether has destroyed (burned) ETH worth around $488M (300,000 tokens) since migrating to PoS on 15 September 2022. Furthermore, Ether supply has declined significantly since the transition. It has plunged from 120.5 million during the Merge upgrade to 120,221,107 ... (full story)