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Category Archives: Transhuman News

Nam June Paik Art Center – E-Flux

Posted: June 29, 2017 at 10:41 am

International Symposium Gift of Nam June Paik 9 Coevolution: Cybernetics to Posthuman Saturdays, July 8, 15, 22, 29, 2017, 15pm

Nam June Paik Art Center 10 Paiknamjune-ro, Giheung-gu Yongin-si, Gyeonggi-do 17068 Korea Hours: TuesdaySunday 10am6pm

press@njpartcenter.kr

njpac-en.ggcf.kr Facebook / Instagram / Twitter

Hosted and organized by Nam June Paik Art Center, Gyeonggi Cultural Foundation

Nam June Paik defined cybernetics as various relationships between humans and machines, art and machines, art and technologies, humans and art and even among diverse arts (artists). He understood that it would generate varying combinations out of these relationships. Nam June Paik put his ideas about cybernetics into artistic practices: he performed Robot Opera with robots he himself had made and manipulated, expressing simply and playfully the complicated relationship between humans and machines.

Cybernetics as a discipline was first introduced by Norbert Wiener, as he attempted to explain the regulative relationship between humans and machines. When a number of scholars gathered and discussed on the theme at Macy Conference, however, cybernetics dynamically developed into a emerging epistemological concept. Nam June Paiks theoretical ideas and artistic practices correspond to (or lead ahead) the few steps of the radical development of cybernetics achieved throughout history: the first wave cybernetics, which was at the level of mechanic feedback, and the second wave cybernetics, which characterizes as reflexity and self-generation and the third wave cybernetics, at the center of which is emergence, are all relevant. These steps express a posthuman evolutional point of view on how the boundary between humans and machines is deconstructed.

Our symposium looks into a contemporary approach to the phased developmental history of "cybernetics"and at the same time analyzes Nam June Paiks works on machines and art. We expect it will develop into a dynamic and contemporary discursive space where presenters from diverse background freely discuss in small spaces. We hope that each participant exists as a subjective observer and there will be sensitive and exciting reactions within that space.

Program

July 8 12:30pm "Sudden Unintended Accelerationas a Psychosis of Machine" Youngjun Lee(Machine Critic, Professor ofKaywon Universityof Art & Design)

2:304pm "Cybernetics and Later,The History of the Integration and Simulation for Processing Human Elements in Circuits" Kyuheun Ko(Adjunct Professorof Sung Kyun Kwan University)

45pm Discussion

July 15 12:30pm "Cybernetics and Cyborg: Some Philosophical Questions" Jinkyoung Lee(Professor of Seoul National University of Science and Technology)

2:304pm "Cognitive Ecological Outline of the Strategy for Social Solidarity in the Age of Artificial Intelligence" Kwanghyun Sim(Professor of School of Visual Arts,Korea National University of Art)

45pm Discussion

July 22 12:30pm "Cybernetic Lyricism: Gregory Bateson,Nam June Paik, and the Mind as Conjunctive" Seongeun Kim(DPhil, Leeum,Samsung Museum of Art)

2:304pm Artist Talk: Taeyeun Kim,pela Petri

45pm Discussion

July 29 12:30pm "Transductive Ensemble of Nature, Human, and Technical Objects: The TechnoAesthetics ofNam June Paik and Posthuman" Jaehee Kim (Professor of the Ewha Institute for the Humanities (EIH),Ewha Womans University)

2:304pm "Inside Out, Outside In: Technical Media as Exteriorizations of Cognition and the Art Installationsof Nam June Paik" N. Katherine Hayles(Professor of Literature at Duke University)

45pm Discussion

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Inaugural Issues of the Journal of Posthuman Studies Now Available! – Institute for Ethics and Emerging Technologies

Posted: at 10:41 am

Now, Vol. 1, No. 1, 2017 of the newly established Journal of Posthuman Studies (Penn State University Press) is available via jstor: http://www.jstor.org/stable/10.5325/jpoststud.1.1.issue-1 It is a ground-breaking issue with amazing contributors! It is already possible to submit your work for consideration for future issues by accessing this link: http://www.psupress.org/Journals/jnls_JPHS.html The new journal is being edited by IEET Fellow Stefan Lorenz Sorgner and the Executive Director of the IEET James J. Hughes. The Editorial Board includes further members of the IEET as well as many other distinguished thinkers and artists: http://www.psupress.org/Journals/jnls_JPHS.html

The launch of this new journal as well as this new area of studies will officially be celebrated during the 9th Beyond Humanism Conference (Topic: Posthuman Studies) which will take place at John Cabot University in Rome from the 19th until the 22nd of July 2017: http://beyondhumanism.org/ The tentative conference program is already available: http://beyondhumanism.org/wp-content/uploads/2016/02/Preliminary-schedule-5.pdf It will be a massive event with more than 100 speakers and participants and many thought leaders from a great variety of traditions and disciplines!!!!

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Thailand again fails trafficking test – Bangkok Post

Posted: at 10:41 am

Trafficking in Persons Hero Boom Mosby of Chiang Mai poses for a photo with US Secretary of State Rex Tillerson and US first daughter and presidential adviser Ivanka Trump. Ms Boom was cited in Washington for her personal achievements against human traffickers at Tuesday's presentation of the annual report. (EPA photo)

Thailand is disappointed with the US decision to keep the country on the Tier 2 Watchlist of its latest Trafficking in Persons (TIP) report but insists the latest ranking will not affect the country's export growth expected at 5% this year.

"Thailand views the report has not done justice to the significant and tangible progress Thailand has made in various areas during the past year," the Foreign Ministry said in response to the US TIP report which keeps Thailand on the same ranking with Myanmar and Laos.

What the country had done on anti-human trafficking includes: "Policy initiatives, prosecution of wrong-doers and complicit officials, prevention of potential victims, witness and victim protection, and partnership with various groups of stakeholders, both domestic and abroad," the ministry said.

The government remains committed to strenuously addressing human trafficking, while seeking to further strengthen and expand cooperation with truly concerned partners, it said.

"After all, tackling trafficking in persons by the government is not aimed at any evaluation but to better protect both Thais and foreigners in the kingdom -- equal in human dignity -- from the menace of human trafficking while upholding humanitarian principles to which Thailand has always adhered," the ministry said.

Washington on Tuesday night released the latest revision of the its TIP report 2017 which defines the Tier 2 Watchlist as countries where governments do not fully meet the US Trafficking Victims Protection Act's minimum standards, but are making significant efforts to meet those standards.

The worst category would be Tier 3 which may be subject to certain restrictions on US non-humanitarian and non-trade related foreign assistance.

According to the report unveiled by US Secretary of State Rex Tillerson, "Thailand is a source, destination and transit country for men, women and children subjected to forced labour and sex trafficking."

Thai victims of trafficking and some of the estimated three to four million migrant workers in Thailand are forced, coerced or defrauded into labour or tricked into the flesh industry.

The government does not fully meet the minimum standards for the elimination of trafficking; however, it is making significant efforts to do so, the report said.

The Commerce Ministry's permanent-secretary, Wiboonlasana Ruamraksa, said the decision was disappointing and regrettable.

The ranking could tame the reputation and image of Thai products.

However, she said, the report is unlikely to affect Thai exports as the Commerce Ministry is still confident the country's export growth this year will reach 5% as projected earlier.

"We have made a great effort in tackling human trafficking problems; both the government and private sector have made certain progress in doing so," Ms Wiboonlasana said.

"Unfortunately, the US did not realise this. Anyway, this will not have any bad impact on Thai exports this year since we will still keep export growth target at 5%."

Although the Tier 2 Watchlist may not lead to trade bans or any non-tariff barriers, it would tarnish the image of Thai products, particularly in the eyes of buyers in developed countries such as the US and Europe, where people care about human rights, she said.

Ms Wiboonlasana said the Commerce Ministry still expected that the recovering economies of Thailand's trade partners should help increase demand for Thai products.

That would apply particularly to Thai farm products as rising farm prices have reflected strong demand from overseas markets.

Thai exports jumped 13.2% year-on-year to US$19.9 billion (676 billion baht) in May, the highest in more than four years.

Commerce Minister Apiradi Tantraporn said Thailand will continue its strategy to boost exports in other new emerging markets particularly the group consisting of neighbouring Cambodia, Laos, Myanmar and Vietnam, known as CLMV.

Referring to the TIP report ranking Wednesday, Prime Minister Prayut Chan-o-cha said the human trafficking situation was bad two years ago when the country was placed on the lowest rung of Tier 3 before it was upgraded to the Tier 2 Watchlist last year after the government stepped up efforts to crack down on human trafficking networks, as well as amended relevant legislation on anti-human trafficking

This means the government's efforts to combat human trafficking have gained recognition especially in terms of improved law enforcement, he said. However, much work remained to be done.

Gen Prayut said he stressed at a cabinet meeting on Tuesday the need to take tough legal action against business operators and officials suspected of involvement in trafficking.

Even though Thailand has not been downgraded in this year's TIP report, the government still finds it unsatisfactory.

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Democrats Rally Troops To Protest GOP Health Care Bill In ‘Human Chain’ Around The Capitol – HuffPost

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WASHINGTON Hundreds of activists marched around the Capitol on Wednesday to protest the Republican health care bill in a demonstration organizers called a human chain protest.

Although Senate Majority Leader Mitch McConnell (R-Ky.) canceled a vote on Obamacare replacement legislation on Tuesday, Democratic lawmakers warned against growing complacent and insisted that progressives must keep the pressure on if they are to defeat the bill for good.

Yesterday was not a victory, not even close, said Sen. Patty Murray (D-Wash.), ranking member of the Senate Health, Education, Labor and Pensions Committee. Yesterday was an opportunity. Its an opportunity keep making your voices heard.

Sen. Brian Schatz (D-Hawaii) suggested the July Fourth weekend was an ideal time to express outrage to Republican members of Congress.

Take that moment to celebrate and then get back on the horse!Because Ill tell you what: Nobody wants to get yelled at at a Fourth of July parade, he said, drawing laughs from the crowd.

The event was announced by liberal groups like MoveOn.org, the American Civil Liberties Union and Planned Parenthood days earlier when a vote on the Republican bill appeared imminent.

Tuesdays decision to delay the vote came a day after the nonpartisan Congressional Budget Office released its estimates that the Senate bill would result in 22 million fewer people having health care coverage over the next 10 years.

Drew Angerer/Getty Images

For a time it seemed as though the Senate bill, plotted rapidly and behind closed doors for the last several weeks, did not inspire the same level of grassroots outrage as had the bill that passed the House of Representatives in May and a failed run at a vote in March.

But the rally at the Capitol was the capstone of a week of smaller demonstrations, many of them by people with disabilities and other groups especially vulnerable to the bills cuts to Medicaid.

Most of the crowd on Wednesday, which was filled with pink Planned Parenthood T-shirts, hailed from the metropolitan Washington area. Livestreams of the event were broadcast on Facebook to hundreds of thousands of people.

One 32-year-old Washingtonian woman at the rally who declined to be named said she was worried the bill would hurt her personally. She is a college graduate and works in the arts, she said, but makes just $13 an hour and depends on Medicaid for her insurance.

Theres this misconception about people who are on Medicaid, she said. Thank God I can get Medicaid.

There were some health care advocates who traveled far distances to the rally, including Marcia Hams, chairwoman of the Boston-based organization Health Care for All.

We worked really hard to pass and make the Affordable Care Act work, so its really a terrible prospect that we might lose it and that so many people would lose their health care, she said. Itd be terrible for seniors, terrible for people with disabilities.

Other Obamacare supporters amassed outside the Trump International Hotel a few blocks away on Pennsylvania Avenue. They greeted President Donald Trumpwith jeers as he arrived to attend a re-election fundraiser.

In some ways the rally took on the feel of a 2020 presidential candidate cattle call, giving some of the Democratic Partys rising stars a chance to connect with party activists. In addition to Schatz and Murray, young targets of presidential speculation already,Sens. Cory Booker (N.J.) and Kamala Harris (Calif.) received a warm reception.

You must now look at the face of history and say, It is my turn to stand up, it is my turn to fight. It is my turn to unleash the forces of love on America, Bookertold the crowd. If we fight together, if we work together, and we love together and we get folk woke, this bill will die.

Senate Minority Leader Chuck Schumer (D-N.Y.), House Minority Leader Nancy Pelosi (D-Calif.) and Democratic National Committee Chairman Tom Perez were among the other leaders who spoke.

Nonetheless, there were signs of the divisions between the partys populist left wing and its more centrist faction.

At the edge of the rally, several dozen activists from the Washington and Baltimore chapters of the Democratic Socialists of America stood with banners displaying their logo of two shaking hands and a rose, and placards that said, Health care is a human right and Medicine for profit is a crime against humanity.

Periodically, one of the DSA members would yell out single-payer, only to be ignored by the other people assembled there. Attendees were disappointed that none of the speakers called for a single-payer health care system, or Medicare for all, but they were all happy to be protesting the Republican legislation with Democrats. The DSA, a dues-paying organization, works selectively with Democrats, even as it advances a more radical agenda. (Independent Vermont Sen. Bernie Sanders, a member of the Senate Democratic Caucus who is favored by DSA members, did not speak, having already returned to Vermont for the holiday weekend.)

We have to do it through both evolutionary and revolutionary means, meaning we need to work with Democrats, but we also need to be in the streets, said Jessica Crawford, 26, of Washington, D.C. So we can do both.

This story has been updated to include comment from Hams.

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Breaking Discovery: Water Has Two Liquid Phases – Futurism

Posted: at 10:41 am

In Brief Researchers from Stockholm University have confirmed the existence of water's two liquid forms, one with a low density while the other has a high density. Their insight could help develop better purification and desalination processes. Not One, But Two

Similar to how weve begun to uncover new properties in Hydrogen, the worlds most basic element, scientists are now discovering how complex water really is. Considered to be one of the most fundamental molecules on Earth, water (H2O) may actually have not one, but two distinct liquid phases. The discovery was made by researchers fromStockholm University in Sweden, and the team published their findings in the journal of the Proceedings of the National Academy of Sciences (PNAS).

The new remarkable property is that we find that water can exist as two different liquids at low temperatures where ice crystallization is slow, Stockholm University professor and researcher Anders Nilson said in a press release.

Concretely, they saw that liquid water fluctuates between high andlow density forms. X-rays at the Argonne National Laboratory near Chicago found the difference in structures, while the large X-ray laboratory at DESY, a national research center in Hamburg, confirmed that both forms were indeed liquid phases. We have in particular been able to follow the transformation of the sample at low temperatures between the two phases and demonstrated that there is diffusion as is typical for liquids, Fivos Perakis, apostdoctoral researcher at Stockholm University with a background in ultrafast optical spectroscopy, explained.

Its not surprising, really, for water to have such bizarre properties. For one, it already has many other uniquely strange properties that set it apart from other liquids. The new results give very strong support to a picture where water at room temperature cant decide in which of the two forms it should be, high or low density, which results in local fluctuations between the two, researcher Lars G.M. Pettersson said. In a nutshell: Water is not a complicated liquid, but two simple liquids with a complicated relationship.

On a practical level, this understanding of how water behaves at different temperatures and pressures can help researchers to develop better purification and desalination processes. On an even grander scale, however, it could help us to see how water is affected by the salts and biomolecules necessary for life. The strange properties of water become stranger still as these actually make water a prerequisite for life as we know it.

Assuming the same conditions apply in exoplanets, this could help us spot water and potentially life beyond Earth.

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Neuroscientists Say Forgetting Things May Be an Essential Part of Our Brain Function – Futurism

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In Brief Canadian neuroscientists have proposed a novel way of understanding how the brain stores memory. In particular, they hypothesized that forgetfulness is the brain's way of prioritizing information that's crucial for survival. The Usefulness of Forgetting

Weve all had moments of forgetfulness, and not infrequentlythe act of forgetting about something can have a negative impact on our day or even our lives. Some even consider being forgetful to be asign of damage in the brain, particularly the area tasked with storing and retaining information.While this may be true in the case of memory disorders, Canadian neuroscientists from the University of Torontopropose that the typicalmoments of forgetfulness with which most of us are familiar are actuallythe brains way of making us smarter and that those moments may even make our lives better.

In a study published in the journal Neuron, researchers offered an alternative hypothesis as to why the brain purposefully works to forget information. Though not entirely a new field of study, the neurobiology of forgetting has been relatively unexamined, as co-author Blake Richards explained during an interview with NPRs Andrea Hsu.

Their researchfound that the brains ability to store huge amounts of information can often be hindered by keeping memories that may be irrelevant for our everyday existence. In fact, I would argue theyre not just irrelevant, but they can be detrimental to living our daily lives, Richardssaid. Information that isnt necessary for us to evolve and survive, then, isnt necessary for the brain to retain.

Our memories ultimately are there to help us make decisions, to act in the world in an intelligent manner, Richards went on toexplain. Evolution cares about whether or not you are an individual whos making appropriate decisions in the environment to maximize your chances of survival.

Researchers argue that forgetting is actually a function of memory. Ironic, right? But when you think about it, it actually makes a lot of sense.

Much of Richards work on memory and forgetfulness is thanks to his application of theories on artificial intelligence (AI) and how the brain learns. He said that in the world of AI theres a phenomenon called over-fitting, where a machine ends up storing so much information that it hinders its ability to make intelligent decisions.

Richards hopes that by understanding the neurobiology of forgetting, well be able to design AI systemscapable of interacting with the world and making decisions the same way human beings do. Luckily, there are many studies currentlyfocused on trying to make AI systems or artificial neural networks behave like human brains. One crucial aspect were still working on is how to facilitatememory development in AI.By understanding the nuances of human memory, it may be possible to design AI systems that distinguish between information thats trivial and whatsnecessary for survival.

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China Has Officially Started Construction on the World’s First Forest City – Futurism

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In Brief The world's first "Forest City," designed to fight pollution and climate change, is under construction in China. Covered in greenery and trees, it will absorb nearly 10,000 tons of CO2 and 57 tons of pollutants yearly, and produce 900 tons of oxygen.

The worlds first Forest City, created to fight pollution, is now under construction in Liuzhou, Guangxi Province, China. Designed by Stefano Boeri Architetti, a team that develops green projects all around the world, the futuristic Forest City will be home to a community of about 30,000 people. It will be covered in greenery, including nearly 1 million plants of more than 100 species and 40,000 trees that together absorb almost 10,000 tons of carbon dioxide and 57 tons of pollutants, and produce approximately 900 tons of oxygen annually. As a result, Forest City will help to decrease the average air temperature, improve local air quality, create noise barriers, generate habitats, and improve local biodiversity in the region.

Liuzhou Forest City will be self-sufficient, running on renewable energy sources such as geothermal and solar energy. The city will also be entirely wired, and will include commercial zones, residential areas, recreational spaces, a hospital, and two schools. Forest City will be connected to Liuzhou by a fast rail line for electric cars.

Liuzhou Municipality Urban Planning commissioned the design for the 175-hectare Liuzhou Forest City which will be situated along the Liujiang River in the northern part of Liuzhou. The project has a high profile in China and, if it succeeds, it will set an example for green city design elsewhere in the country and around the world. The project is planned to be complete sometime in 2020.

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A New Company Will Have Fake Meat on the Shelves Next Year – Futurism

Posted: at 10:41 am

In Brief Hampton Creek has surprised the world by announcing they have been working on lab-grown meat and plan to launch commercially in 2018. This meat alternative is one of many possible solutions to the environmental problems caused by the food industry. Meaty Ambitions

Hampton Creek, a startup that develops plant-based alternatives to foods that are usually produced by animals, has announced that the lab-grown meatthey have been developing clandestinely over the last year will go commercial in 2018. If the timeline is accurate, the launch would come three years earlier than their closest competitor, Memphis Meats, which predicts their product will reach stores in 2021.

One of the biggest issues Hampton Creek will face in achieving this aim is the cost of clean meat. Although the price of lab-grown meat has fallen 99 percent in the last three years with the first lab-grown burger costing $230,000 it is still more expensive than farmed meat. Hampton Creek has not released any information concerning how much their product will cost.

Central to the companys product istheir research into replacing the scarce fetal bovine serum that most lab-grown meats use with plant-based nutrients. Simply getting that right wont be enough to produce a solid final product, though. As Josh Tetrick, CEO of Hampton Creek, conceded to Quartz, Just because youve nailed the battery doesnt mean youve nailed the electric car.

Opinion is split as to whether the 2018 goal is achievable. Some cite Hampton Creeks previous actionswhen they were developing and marketing their Just Mayo product as a reason to be skeptical. Others are more optimistic regarding Hampton Creeks timeline the Good Food Institutes executive director Bruce Friedlichtold Business Insider that with the right resources, it should be achievable.

A cost-effective, price-competitive clean meat could have paradigm-shifting consequencesfor both the world food market and the environment. Not only would it radically reduce animal suffering, it would also decrease global emissions. The meat industry is estimated by the World Resources Institute to produce 13.5 percent of greenhouse gases worldwide, and if nothing changes, this percentage is likely to increase given that the worlds population could reach around 9.7 billion by 2050.

To combat these issues, the world has seen a surge in the production of alternative meat products, which can be split into three categories: plant-based meat, such as the pea protein-based pea burger produced by Beyond Meat; more sustainable meat sources, such as the insect meat produced by Cornish Edible Insects; and lab-grown meat, such as that proposed by Hampton Creek and Memphis Meats.

If we are to survive as a species, we must radically change how much pollution we create, and changing the way we eat is a key aspect of this. Any alternative to the environmentally damaging meat industry represents a step toward preserving humanitys future, so let us all hope Hampton Creeks announcement is as promising as it seems.

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India Has Shut Down 37 of the World’s Biggest Coal Company’s Mines – Futurism

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In Brief The largest coal company in the world has announced that it will be shutting down 37 of its sites. The move is fueled by the increasing affordability of solar power. On its Way Out

Things are not looking good for the coal industry. In the latest blow to this fossil fuel, the world biggest coal company is closing a total of 37 mines. It seems that the rise of solar power is playing a major role in the decline of coal. The company, Coal India, produces 82 percent of Indias coal, according to The Independent. The closings account for nine percent of Coal Indias sites.

The Indian government has recently shifted from coal to cleaner, renewable sources, most notably solar power. Just last week, the government announced that it has abandoned plans for building another coal power station with Chimanbhai Sapariya. T,he countrys energy minister noted that Our focus is now on renewable energy. The government will encourage solar power. The prices of solar power continue to plummet as technology and government incentives work to make renewable energy more attractive.

India is leading the way in a renewable energy revolution. Analyst Tim Buckley said, Measures taken by the Indian government to improve energy efficiency coupled with ambitious renewable energy targets and the plummeting cost of solar has had an impact on existing as well as proposed coal-fired power plants, rendering an increasing number as financially unviable.

A recent story by the New York Timesshowed that Indias air pollution crisis is responsible for the deaths of around 1.1 million people in the country every single year, rivaling China as the deadliest in the world. The decline of coal being burned for power will only improve the air quality, saving more lives as efforts move toward cleaner energy. In another historic move, the country has pledged to ensure that every car sold in India by 2030 will be electric.

This combination will be a one-two punch to the deadly pollution plaguing the country. A new population report from the UN released last week foresees that Indias population will continue to boom and is projected to surpass Chinas 1.4 billionby 2024. That increased population is going to add to the countrys energy needs and we need to be prepared to meet it with clean energy from renewable sources.

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Ethereum Could Be Using More Than a Country’s Worth of Electricity – Futurism

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A Cryptocurrency Powerhouse

Thus far, 2017 has proven to be a notable year forcryptocurrencies and not just the one most everyones familiar with. While Bitcoin has been on a continuous upward trend, its major competitorEther is following close behind. Despite last weeks flash crash and Sundays fake news market value drop, the price of Ether is back up, opening today (Wednesday) at $282.44. Thatsup by more than 13 percent since markets closed on Tuesday, and its continually going up.

Aside from an increase in market value, Ethereums price per coin is also up. Its reached $300, which is a substantialjump from an initial value of $10 at the beginning of 2017. This is making Ethereum a more attractive option for amateur miners than Bitcoin. Therefore, theres beena surge in Ether mining from homes, using just computer graphics cards to pump new Ether units while at the same time securing the Ethereum blockchain the public ledger of transactions that makes it all possible.

Real-time index from cryptocurrency analysis site Digiconomists founder Alex de Vries shows that Ethereum mining is powered by an amount ofelectricity equivalent to that consumed by a small country.All those household computers turned into Ether miners each have blockchain transactions consuming at least, if not more than,45 kWh of electricity. According to de Vries, the entire Ethereum network could be consuming as much as4.2 Terawatt-hours (tWh) which is only a little bit morethan whats consumed bythe Middle Eastern island of Cyprus.

Still, themethodology behind de Vries index isnt totally exact, and since blockchain isdecentralized, it would be next to impossible to truly ascertain justhow much electricity thesehome-based Ether mining operations are consuming. The estimates do indicate,however, just how energy-intensive cryptocurrency mining has the potential to be. One major reason for this is the power-hungry graphics cards involved. Its ironic that mining cryptocurrencies in order to maintain blockchains which are perhaps the most efficient and secure information ledgers we have is a process thats not particularly efficient.

This may not be the case for long, though. Unlike Bitcoin,Ethereum has plans to move away from its existing energy-intensive mining algorithms. Instead of operating on a Proof of Work model, its building a hybrid one that incorporates Proof of Stake. Simply put, this new protocol could allow an Ether holder to mine just by having their computers connected, Vries explained to Motherboard. In a full Proof of Stake algorithm, energy consumption would become negligible, he added.

Until then, mining for Ether will continue to demand huge amounts of electricity and computing power. Plus, as the price for Ether units continue to increase (with the market value of Ether following with it) more and more miners will bemining for it. Ultimately, they could wind up consuming as much electricity as the price of Ether could support. The question is, is this energy and computing power for digital currency worth it? For the time being it seems that it is,if the growing number of miners are any indication.

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