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You're not comparing bitcoin to the right thing. You're comparing bitcoin's energy usage to the usage of a country. Bitcoin is competing against much bigger pla
by uncoder0 6y ago
You're not comparing bitcoin to the right thing. You're comparing bitcoin's energy usage to the usage of a country. Bitcoin is competing against much bigger players than small countries it's attempting to compete with Fiat currencies. The best comparison would be to compare it to the energy required to sustain the USD as the de facto fiat currency. It's hard to get exact numbers on the DoD's full energy usage but as some points of reference they use about 4.6 billion gallons of fuel a year, 10% of the US's aviation gas usage, etc. To put the DoD's usage into perspective, "The U.S. Department of Defense (DOD) consumes more energy than any other federal agency—77% of the entire federal government’s energy consumption."(https://fas.org/sgp/crs/natsec/R45832.pdf https://fas.org/sgp/crs/natsec/R45832.pdf)