RE: What a waste of power!

How much electricity does electricity use? The costs of power production is WAY up compared to 5 or 50 years ago. Even with the moves to renewables.

It is a bullshit question. How much does a gallon (or liter :)) of gasoline cost?

So what if BTC miners are using the same amount of power as Norway? It's gaslighting, it means nothing in practical terms.

BTC miners use what ever power it takes until it's too much more than the value of the coins. At which point the value will really soar. What will the last BTC cost?

And after all is said and done, what about Norway? They didn't have such a great year, either :)

We waste electricity on billions of activities daily - I do not consider the the electricity used on innovating the economy so that it is more inclusive and valuable for all participants, a waste. What is a waste of power is us as people not using our potential to improve the world in which we live.

Is it a waste of power to restore a '58 Edsel? Is it a waste of power to produce art that will only be seen and appreciated by an incredibly small fraction of the population?

I just couldn't agree with you more.