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Does you personally heating your house, or driving a car, or flying planes, for a year match the energy consumption of an entire country? > At current rates, b
by mithr 6y ago
Does you personally heating your house, or driving a car, or flying planes, for a year match the energy consumption of an entire country?
> At current rates, bitcoin mining uses the same amount of energy every year as the Netherlands did in 2019
Part of the problem is certainly in how the energy is produced. But another part of the equation is that this store of value, by itself, adds very significant amounts of consumption to that growth curve you mentioned.
Wish as we may that we could just snap our fingers and switch to clean energy, realistically that will not happen in the near future. Meanwhile, bitcoin mining will continue to consume as much energy annually as entire countries, and much of that energy will come from non-clean energy.
I'm not saying "let's burn bitcoin", or saying that I have a way out of this situation. But it's either a bit disingenuous or a bit naive to compare personal use of electricity to that of bitcoin's, in order to imply that only "self-righteous internet users" need to concern themselves with it.