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Re:Lovely Week with Elixir by Zingler on Thursday May 28, 2020 @01:55PM (#23340270)
It is explained in the blog post after that benchmark - https://stressgrid.com/blog/beam_cpu_usage/ .

Essentially in order to optimise responsiveness the BEAM uses busy waiting, which in reality is not actually utilising the CPU as much as is reported by the OS, which results in misleading CPU usage being reported by the operating system.

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