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?
its seems alot. but mainly alot of this mining facilities powered by surplus energy. like many power plant in china struggle to operate, mining could be there solutions to keep these power plant continue to operate.