The energy FUD is the most hypocritical of them all. It's uncanny how so many can be dogmatically attached to always-on appliances, clothes dryers and Christmas lights, while criticizing a network that is providing millions a safe savings mechanism. The most privileged of all positions is that which preaches our overuse of energy.

Using more energy is the goal. Every single person sitting in a home without electricity is dreaming about using more energy. Embrace your energy privilege.

Someone should make a chart showing how many terrawatt hours each sector, industry or even company uses. It would put the bitcoin usage into perspective so everyone could more easily compare usage to utility.

The ‘bitcoin uses too much energy’ crowd reminds me of here in the US when people disagree with some minor facet of government spending and go on and on about it being a huge burden to taxpayers. They’ll act like it’s a large chunk of annual federal spending such as defense (10-15% annual federal budget), but in reality it’s only 0.00732% of the federal budget.

Let’s see the numbers in TWh across all offenders so we can think right about this. How many TWh does the NFL use in a year? How many TWh does it take per year to produce the Kardashian show? So many worse wasters of energy out there.