this post was submitted on 09 Feb 2024
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Ultimately, mining should be banned from the surface of Earth. Let miners build orbital solar panel infrastructure close to the Sun where power is plentiful. See Bitcoin developer Peter Todd's 2017-09-10 presentation on the subject (transcript).
Edit: Fixed URL. Edit2; Add transcript link.
Wait till you find out how much energy banking uses...
Per transaction?
Banks will use progressively less energy per capita as bulk data processing becomes more energy efficient, assuming they donʼt transition to using proof-of-work.
How much? How much of total US power is used by banks? You have a number, right?