One year ago Bitcoin's network was consuming as much energy as Ireland. Now it has apparently doubled and now it is consuming 1% of the world's total electricity consumption.
https://digiconomist.net/bitcoin-energy-consumptionThis, in a time when the world is trying to reduce carbon footprints to avoid or slow down global warming.
Is Bitcoin sustainable as it is?
I don't think so - in fact I'm sure it is not. There is a limit to insanity.
More data here:
https://digiconomist.net/bitcoin-energy-consumptionWhat is likely to happen next? Which are your thoughts?
Anything fast, secure and effective can consume little more power and I think it is acceptable because even the best and latest lamborghini will consume much fuel than a Toyota Hybrid does but the out come is much different so do we say Lamborghini is bad no we don't and I think it is the same story with Bitcoin and its network we wanted faster and better transactions without any interruption which traditional systems can never provide and we got