Six months after a radical update, Ethereum is now using just 6.6 gigawatt hours of electricity annually, which is about the same as 2000 average UK homes
at the University of Cambridge, who worked on the project, says the experimental update has been a technological success, achieving a “staggering” reduction in electricity consumption.Under the new system, instead of using computer hardware to mine new currency to get a reward, validators lodge money with the network to gain the right to validate transactions and be rewarded.
The CCAF now estimates that Ethereum will consume just 6.6 gigawatt hours of electricity annually, equivalent to about 2000
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