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Technically they do but I agree that these calls for banning Bitcoin because it consumes energy are anti-freedom when considering that its consumption of energy

• deleted 6y ago
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• mnd999 6y ago
  It's not a drop in the bucket. If bitcoin were a country it would be in the top 30 energy users worldwide. https://www.bbc.co.uk/news/technology-56012952 https://www.bbc.co.uk/news/technology-56012952
  • CyberRabbi 6y ago
    It is a drop in the bucket. As expected the distribution of energy usage among distinct countries follows a power law distribution. Of the percentage of the highest consumer (China), it’s less than 1%. Comparing the usage to China makes sense because each country’s consumption of energy for the purposes of mining Bitcoin also follows a similar power law distribution. We find that the vast majority of Bitcoin mining happens in China. These types of arguments are based on bad reasoning and misuse of statistics. If you compare the usage of any small industry in the largest consumer country, it will likely dwarf the total energy usage of many smaller countries. I see similar tendencies in activist pieces that make population policy arguments without using per-capita analysis.
    • mr_woozy 6y ago
      Well said. I may refer back to your excellent point when this argument comes up again......and again.........and again.