People here are comparing the energy use of Bitcoin to that of banking institutions, but that's missing half the point. The energy here is wasted because Bitcoin does almost nothing of value. The single overwhelming use of Bitcoin is for speculation.
All of this energy is consumed just so that investors can hopefully get a return on investment. It appears rather decadent.
Yes, there are other uses for Bitcoin. They are miniscule in comparison to its use as an investment product.
All of this energy is consumed just so that investors can hopefully get a return on investment. It appears rather decadent.
Yes, there are other uses for Bitcoin. They are miniscule in comparison to its use as an investment product.