Bitcoin has grown a complex mining ecosystem that is pretty difficult to understand. Bitcoin has high level of energy consumption because of its demand. If dema

Bitcoin has grown a complex mining ecosystem that is pretty difficult to understand. Bitcoin has high level of energy consumption because of its demand. If demand goes down, energy consumption will go down. From what I've seen in the market, Bitcoin works the best. Many coins attempt to tweak this Proof of Work model. The result is not wasted energy but wasted human effort. What we need is to go back and explore Bitcoin Proof of Work model. It's works and simplest to configure. I create Bitflate, a Bitcoin fork with constant inflation. I get to see a small-scale, simpler version of Bitcoin energy consumption. Currently, it costs me about $3/day to mine coins and verify transactions. I get about 12-14 TH/s. That is cheap for running a digital ledger system. It's cheaper than renting any server on AWS. I imagine, in the future, businesses can run private permissioned digital ledger system to verify their own transactions. A Proof of Work system like Bitcoin is not wasteful.