Cambridge Bitcoin Electricity Consumption Index
I think arguments about electricity consumption of Bitcoin are purely a waste of energy.<p>I know of zero people who used to like Bitcoin but are turned off by energy consumption.  Bitcoin has the potential to make huge portions of the finance industry obsolete: how much energy does the finance industry as a whole use? How do we make a valid comparison?  Does anyone have an amount of power consumption reduction that they think would make Bitcoin use justified for the functionality it provides?<p>The only time I see people arguing against Bitcoin based on power consumption, it seems like the speaker already had a distaste for Bitcoin and latched onto the power consumption argument because it&#x27;s easy to state and you don&#x27;t have to understand the technology or economics to use the argument.  There is no call to action or suggestion,  it&#x27;s just &quot;See? Bitcoin is bad.&quot;  I see it as just a method to mollify the insecurities and regret from not recognizing that Bitcoin was going to be valuable back when they first heard about it.<p>If you saw a website that showed the power consumption of all internet services, would you find that to be a compelling reason to change the way you interact with the internet?