Bitcoin consumed 134 TWh in total during 2021
With a climate crisis the last thing we needed was to make the most effective energy consumption system ever constructed. The whole thing literally works on competing on consuming more energy. No other system works so efficiently towards such goal.<p>What&#x27;s scary is that the whole thing was designed to be unstoppable.<p>My utopian hope for the future is that we start sending rigs in orbit close to the sun. Since we only need to send a few bytes back to earth this becomes the only competitive way of doing mining. Space travel thus becomes dirt cheap. Humans are finally able to explore the solar system.<p>But that&#x27;s just a dream. Realistically, we are screwed.