What is the Ethereum energy consumption index?

The Ethereum Energy Consumption Index was designed with the same purpose, methods and assumptions as the Bitcoin Energy Consumption Index. However, on the 15th of September 2022, Ethereum replaced its PoW mechanism with an alternative known as proof-of-stake (PoS).

What is ETH 2.0 and how does it work?

In development for nearly half a decade, the upgrade will improve the cryptocurrency’s efficiency, transaction throughput, and security. While ETH 2.0 is often referred to as an upgrade, it is actually closer to a complete overhaul of the network.

What happens when Ethereum 2.0 launches?

When Ethereum 2.0 eventually does launch, it'll run in tandem with Ethereum 1.0 for a couple of years at least. Once ETH 2.0 is fully built and functional, ConsenSys says: "The current plan is for the Ethereum 1.0 chain to effectively become the first shard on Ethereum 2.0 when Phase 1 launches."

How much CO2 does a solar power network emit?

This yielded an estimate of 2.601 MWh (0.0026 TWh) for the network’s annual electricity consumption (September 2022), which corresponds to yearly carbon emissions of 870 tonnes CO2e applying regional-specific carbon intensity factors.