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Vitalik Buterin Launches 'Proof of Stake' Book, Chronicling Ethereum's Journey and Blockchain Philosophy

Ethereum's co-founder Vitalik Buterin releases 'Proof of Stake,' a book compiling his writings over the past decade, while Ethereum's transition to Proof of Stake significantly impacts energy consumption and GPU mining profitability.
Published on 2022-09-28

The Book Release

Vitalik Buterin, co-founder of Ethereum, has launched his book titled Proof of Stake: The Making of Ethereum and the Philosophy of Blockchain. This compilation of his writings over the past ten years is available in both physical and digital formats. Buterin expressed gratitude to journalist Nathan Schneider and publisher Seven Stories Press for their support in this project.

Ethereum's Transition to Proof of Stake

Ethereum's recent transition to Proof of Stake (PoS) has revolutionized its energy efficiency. The Ethereum Foundation estimates a 99.95% reduction in energy consumption, with Buterin noting a 0.2% decrease in global energy use post-transition. This shift has also impacted GPU mining, causing significant price volatility and a drop in profitability.

Impact on GPU Mining

The Merge has led to a sharp decline in GPU mining profitability, with prices plummeting to half their retail value. Despite this, Ethereum's environmental footprint has significantly improved, aligning with its sustainability goals.

This book and Ethereum's evolution highlight Buterin's vision for blockchain's future, emphasizing its potential beyond cryptocurrency.

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