|Mining Week 2023

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Why Ethereum Ditching Mining Isn't as Green as Advertised

Former Ethereum core developer Lane Rettig breaks done why the network's major proof-of-stake upgrade last year isn't inherently less wasteful, cheaper or more secure than blockchain mining.

Updated Jun 14, 2024, 5:14 p.m. Published Jul 28, 2023, 2:30 p.m.

seagull sitting on a stake in. a. body of water (Jan Huber/Unsplash) — The economic arguments used to justify Ethereum's switch to staking were intellectually dishonest, developer Lane Rettig writes. (Jan Huber/Unsplash)