Ethereum is now consuming 99.99% less energy through The Merger for Proof of Stake, and its not even been a half a year since then.

If we would go back exactly one year, one of or maybe even the most anticipated Crypto events was The Merger, the event where Ethereum would finally transact from Proof of Work to the Proof of Stake mechanism. After years of waiting and delays we had it happy, right in the middle of the bear market on 15th September of 2022, a historic date nonetheless.

Now just about 5 months later we can already have a look at the effects of this Merger, one of the biggest that also shuts down most Crypto haters is that Ethereum is now consuming 99.99% less energy than before The Merger.

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Chart from the official CCRI site

Here we can see the chart from a report by the CCRI, the Crypto Carbon Ratings institute.The electricity consumption has fallen from 23 million megawatt hours per year to now just 2.6k megawatt hours per year. Also the CO2 emissions have fallen from 11 million to 870, a near 99.99% drop too.

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Picture from the CCRI site

That is a very good illustration of the changes too from pre-Merger to now post-Merger Ethereum.

It surely has been a good development but we should also not come up and say tat Bitcoin should do that too because PoW is what makes Bitcoin to Bitcoin, we also should not care about the critics of Bitcoin here as they will find another argument if not the energy consumption of Bitcoin. But let me know you opinion too down there: