Crypto energy demands drop by country-sized amount following Ethereum Merge, study reveals

Crypto energy demands drop by country-sized amount following Ethereum Merge, study reveals

A physical imitation of an Ethereum cryptocurrency reflected between a phone screen and a computer screen, 15 September, 2022 (Getty Images)

The energy demands of cryptocurrency have dropped by a country-sized amount following a change to the underlying technology of Ethereum, according to a new study.

The world’s second largest cryptocurrency underwent a transition dubbed ‘The Merge’ in September, which commentators at the time described as “the most consequential event in crypto…


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