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the claim
Minting NFTs on proof-of-work Ethereum consumed large amounts of electricity before the 2022 switch to proof of stake.
the verdict
INSUFFICIENT LEANING
Recorded sources
7 sources for · 0 against
Is it true that Minting NFTs on proof-of-work Ethereum consumed large amounts of electricity before the 2022 switch to proof of stake?
Unclear. Several sources confirm that Ethereum ran on energy-intensive proof-of-work until the 2022 merge to proof of stake, and one source links NFT growth to that large carbon footprint, but none measures the electricity consumed specifically by minting NFTs.
Verdict: PARTIAL LEAN · 7 sources for, 0 against · Last checked
Evidence for · 7
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Frontiers | Shaping the future of Ethereum: exploring energy consumption in Proof-of-Work and Proof-of-Stake consensus. (n.d.). frontiersin.org. https://www.frontiersin.org/journals/blockchain/articles/10.3389/fbloc.2023.1151724/full
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More for · 6
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An Event Study of the Ethereum Transition to Proof-of-Stake. (n.d.). arxiv.org. https://arxiv.org/html/2210.13655v2
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Asif, R. & Hassan, S. R. (2023). Shaping the future of Ethereum: exploring energy consumption in Proof-of-Work and Proof-of-Stake consensus. doi.org. https://doi.org/10.3389/fbloc.2023.1151724
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Chen, M. (2023). Comparison on Proof of Work Versus Proof of Stake and Analysis on Why Ethereum Converted to Proof of Stake. doi.org. https://doi.org/10.54254/2754-1169/12/20230624
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Nishka, A., Sarah, H., & Kimia, H. (2023). Enabling Computational Democratization: A Proof-of-Stake Bounty System for User-Proposed Problems and Solutions. authors.library.caltech.edu. https://doi.org/10.1109/urtc60662.2023.10535013
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An Analysis of Crypto Gas Wars in Ethereum. (n.d.). cir.nii.ac.jp. https://doi.org/10.34385/proc.70.ts7-04
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NFTe: Diseño de un mercado NFT multidispositivo (móvil y reloj) para Android, y basado en IOTA. (2022). hdl.handle.net. https://hdl.handle.net/10609/145542
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