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?
The most important characteristic of bitcoin is its sustainability as it has made its existence since more than a decade and not only this bitcoin is that resource of the world that could hardly be exhausted as now till date there are millions of people around the world who are investing into bitcoin, as I heard the rumour that bitcoin is now consuming 1% of total worlds electricity and will consume double the amount of electricity as consumed the the entire world currently in the coming decade, so this is all rumours and nothing is going to happen like this.
I think Yes, even its consuming 1% of electricity it is still worth it. Bitcoin is only one that exist for many years and its sustain its existence until now. Also possible to Bitcoin to have changing because many people are now using it. If it continue to be like that possible Bitcoin will be more stronger and successful this time. The only need to do is keep believing to it to continue its legacy of being a best crypto.