I've read that a lot of former ETH miners have sold or are planning to sell their rigs (I think this is related to the submission yesterday about the GPU shortage being over[1], as Ethereum is usually mined on GPUs)
We'll see if it plays out, but cryptocurrency prices falling have certainly reduced the energy consumption as well (it becomes less profitable to mine at a given difficulty when your mining reward is worth less).
If Ethereum does eventually manage to overtake Bitcoin, that'll bode well for crypto's energy footprint in the long term (fingers crossed for this happening, or at least for there to not be another Bitcoin/PoW bubble)
We'll see if it plays out, but cryptocurrency prices falling have certainly reduced the energy consumption as well (it becomes less profitable to mine at a given difficulty when your mining reward is worth less).
If Ethereum does eventually manage to overtake Bitcoin, that'll bode well for crypto's energy footprint in the long term (fingers crossed for this happening, or at least for there to not be another Bitcoin/PoW bubble)
[1] https://news.ycombinator.com/item?id=31953662