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?
If I remember correctly, there have already been some relatively simple studies on this subject, and they concluded that the Bitcoin network is taking maybe about as much total energy as other traditional money networks do, however it all comes from electricity as opposed to other forms of mechanical energy.
There is a very minimal argument when it comes to cryptos (specifically Bitcoin) and global warming.