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I see a lot of these articles, but realise bitcoin is 'only' consuming half of the electricity of dormant (always on but inactive) devices in the US. This isn't
by exdsq 6y ago
I see a lot of these articles, but realise bitcoin is 'only' consuming half of the electricity of dormant (always on but inactive) devices in the US. This isn't taking into account the amount of green energy used in mining bitcoin, or the fact it could easily be powered entirely by green energy in the future. I do think it is a slightly overblown argument.
Aside from that, there's the normal point that crypto is moving towards proof of stake which means you no longer use 'mining' to maintain the network which will stop this argument entirely, albeit bitcoin may not go this way itself.
https://cbeci.org/cbeci/comparisons https://cbeci.org/cbeci/comparisons