The PC desktop I built in 2013, which still works to this day. The Galaxy Nexus was the first smartphone I was proud to own. The iPod Video I received as a gift in college I loved my Sega Saturn despite PlayStation's popularity. My first video game console: a Nintendo Famicom
I'm always eager to learn more, so please jump in the comments with feedback and send me tips. Lately, I've been following SpaceX's Starlink network, emerging online cyber threats, and the PC graphics card market (which led me to camp out in front of a Best Buy to get an RTX 3000). I've been working as a journalist for about 15 years-I got my start as a schools and cities reporter in Kansas City. While PoW is the original consensus mechanism. With a recent upgrade, Ethereumthe blockchain on which coin Ether is basedis moving to the Proof-of-Stake (PoS) mining from Proof-of-Work (PoW) mining. Prior to working at PCMag, I was a foreign correspondent in Beijing for over five years, covering the tech scene in Asia. Proof-of-Stake is an effective alternative developed to overcome the extreme energy consumption of the Proof-of-Work consensus mechanism. I've been with PCMag since October 2017, covering a wide range of topics, including consumer electronics, cybersecurity, social media, networking, and gaming. So Ethereum will finally become a proof-of-stake network.” But The Merge is, at this point, looking like very close to happening. “And so September is possible, and October is maybe possible as well.
“There is always the risk of problems, there is always the risk of delays,” he said. Developers behind the cryptocurrency have been promising a transition to Proof-of-Stake for years, only to delay its implementation over and over again. In his comments on Friday, Buterin acknowledged it’s possible Proof-of-Stake could be derailed again if an error pops up. Of course, long-time Ethereum watchers might be rolling their eyes at Buterin’s announcement. Once the transition occurs, Ethereum is expected to cut (Opens in a new window) its energy costs by as much as 99.5%. However, the mining should come to an end once Ethereum switches to Proof-of-Stake, which nixes the need to rely on energy-intensive GPUs to maintain the cryptocurrency’s blockchain. The thin supplies led to skyrocketing prices for GPUs and rampant scalping across the market.
Ethereum will jettison mining proofofstake how to#
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