Post
Topic
Board Altcoin Discussion
Re: Can we reduce the energy consumption of POW? And whether it is necessary
by
icalical
on 17/12/2023, 14:02:19 UTC
Crypto mining is the least energy consumption people need to worry about, there are a lot of other stuff that consume massive energy. Food processing, transportation, .etc. According to this article, https://bitcoinmagazine.com/business/bitcoin-energy-use-compare-industry Bitcoin only consumes 0.28% of energy of total energy consumption by Transportation.

https://www.techopedia.com/bitcoin-mining-and-energy-statistics#:~:text=According%20to%20the%20New%20York,cooling%20throughout%20the%20US%20annually.

In here, Bitcoin mining consumes roughly 0.5% of all energy produced worldwide.

That number is insignificant, even if all the miners stop, energy crisis will still happening.