BTC generally goes to where electricity is cheapest in order to mine efficiently. In some cases, this electricity would otherwise be wasted if it wasn't being

BTC generally goes to where electricity is cheapest in order to mine efficiently. In some cases, this electricity would otherwise be wasted if it wasn't being used to mine crypto. So the actual additional electricity being generated in order to facilitate mining is lower than the headline wattage used. Secondly, crypto is not wasteful. It is broadly breaking down the global walls put up by 1st world countries like the US and EU that have plagued every day people in 3rd world countries for decades. It feels wasteful to us since most people near us have unrestricted access to banking and finance. Most of us are not journalists or activists who have to fear one phone call to Chase bank ending our entire operation. Despite recent events, the USG is not about to topple into a third world dictatorship that we would feel the need to flee from. Crypto gives refugees a means of escaping with some of their family wealth. It allows journalists and activist insulation from governments and corporations trying to squeeze them out financially. And finally, it gives every day people across the globe the ability to start investing their money outside their own countries and begin accruing wealth. Here is one example of the usefulness crypto can provide. https://www.reddit.com/r/MakerDAO/comments/de0sys/kyc_is_absolutely_not_acceptable_for_makerdao/ https://www.reddit.com/r/MakerDAO/comments/de0sys/kyc_is_abs... That electricity is being put to far better use than Youtube or Netflix.