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 hig

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.