Has anyone done any serious studies on electricity consumption due to cryptocurrency related activities like mining? Possibly with comparison between different currencies and feasibility of maintaining such consumption? Is there an argument to be made for or against them in the context of global warming?
Electricity consumption has nothing to do with the global warming.Electricity production creates the global warming.If we produce electricity with green techonologies ,the consumption of such energy won`t be a problem.
Anyway,after 21M bitcoins the mining will stop and this issue will disappear.
Yes it sure is,but Bitcoin is not the only crypto currency that is being mine,there are still hundreds of existing proof of works coins and many more coming,this is the reason why it's preferable to choose pos algo coins because the consumption is much less compare to pow coins.