Famous nocoiner writes
The Bitcoin Mining Council claims that bitcoin uses 0.16% of all the electricity in the world. The BMC also claims that 58.4% of bitcoin mining energy use is from sustainable sources, based on claims by its members. [BMC, PDF]
Neither of these numbers is true — and BMC doesn’t show its working. Sources that do show their working — and don’t have a financial interest in fudging their numbers — put the sustainable energy percentage at 25.1%, and the percentage of the world’s electricity consumption over 0.5%. [Joule, paywalled; Digiconomist]
She refers to Digiconomist. Very interesting question how to handle such FUD because it is keeping appearing although in nocoiner media.
Created a separate post, as a Link post with the archive of the article, but forwarded tips to you.
Bitcoin mining in the crypto crash — the mining companies’ creative accounting
#54798
https://amycastor.com/2022/08/04/bitcoin-mining-in-the-crypto-crash-the-mining-companies-creative-accounting/
https://archive.ph/UIcdo
It doesn't help that the footnote references in the BMC report has links that were made ALL CAPS, and thus invalid. But I found a year-end 2021 report which is close. The authors of this article made a rookie mistake, so I responded:
https://twitter.com/BTCMiner/status/1555453030392291328
https://nitter.it/BTCMiner/status/1555453030392291328
Actually it is a 2022 report, so I deleted the Tweet and did another with correct year.
https://twitter.com/BTCMiner/status/1555456783401062401
https://nitter.com/BTCMiner/status/1555456783401062401
The 2022 report from the BP website is:
https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2022-full-report.pdf
I notice there's a huge push against nuclear energy in general. I think energy scarcity is part of the plan.