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?
Regarding on Global Warming, well if you think that it is really happening and it is being cause by carbon emission from burning fossil fuels, then I think Bitcoin doesn't need to be responsible for it, and the invention of bitcoin is great really a great news. Because bitcoin is digital and weightless so it reduces our need to burn fossil fuels in order to transport, count gold, paper and coin money, and no one in the country has a monopoly on the production of bitcoin. it means bitcoin creates a non partisan basis on which country leaders can discuss and negotiate contrast designed and reduce the burning of fossil fuels.