Eventually, yes. Could quickly phase out the less efficient hardware in the nearer term or cause a temporary stasis in energy use keeping it the same as now.

Eventually, yes. Could quickly phase out the less efficient hardware in the nearer term or cause a temporary stasis in energy use keeping it the same as now. So you’ll want to keep innovating on all parts of the stack, consensus models, proof of work hashing algorithms that work orders of magnitude better on boutique lower powered hardware architectures (optical/analog is gaining interest), and municipal regulations