Most of the discussion here centers around utility and human benefit vs consumption.
What’s really striking about crypto using 16% of the power usage of data centers is the population served and utility provided.
The internet has roughly 5.2 billion users, all of which utilize the cited datacenters.
Bitcoin, as one example, has an all time high of 568k daily transactions.
US adults on average do 2.3 financial transactions per day.
Bitcoin, in the busiest day on the network ever, powered enough transactions for the economic activity of a small US city.
Anyone can look at a block explorer for [pick a network] to find that, at best, the total number of worldwide crypto users is roughly 0.5% of the internet population.
So 16% of the power for 0.5% of the users - and who knows what value/utility is achieved with whatever those crypto users are doing (not much).
What’s really striking about crypto using 16% of the power usage of data centers is the population served and utility provided.
The internet has roughly 5.2 billion users, all of which utilize the cited datacenters.
Bitcoin, as one example, has an all time high of 568k daily transactions.
US adults on average do 2.3 financial transactions per day.
Bitcoin, in the busiest day on the network ever, powered enough transactions for the economic activity of a small US city.
Anyone can look at a block explorer for [pick a network] to find that, at best, the total number of worldwide crypto users is roughly 0.5% of the internet population.
So 16% of the power for 0.5% of the users - and who knows what value/utility is achieved with whatever those crypto users are doing (not much).
It’s disgusting.