What everyone else said. Plus this idea: we actually can do without electric clothes driers. An air drying system uses much less electricity. But it is worse for other reasons including that it costs people via time, which we care more about. Many believe that the current system including similar systems like proof of stake create big enough costs that the energy cost is well worth it.

Plus, when you dive into exactly which electricity Bitcoin uses, it becomes clear that not all electricity is the same, and bitcoin is better than anything else at using specifically the least desirable electricity. Kinda fun that that property helps a little to incentivize people to build renewable electricity generation.

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Can you explain what costs PoS has they PoW doesn’t have? I honestly want to understand the downside (other than the fact that my friend’s ETH mining rig is now useless).

Here’s a good start from this thread

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A ton has been written on the topic though. But starting here, do these ideas make sense?

To summarize, a cost is security of the blockchain

ETH says PoS is more secure, but you’re saying there’s a cost to that? Interesting…

How is it more secure though? Anyone with a lot of money can have a large stake in the network.

It might be a difference in security time frames. I think bitcoin is more secure in the short and long term. Eth PoS may temporarily win out in some medium term.

And the node situation is part of the Eth Bitcoin security comparison