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Re:Cambridge Bitcoin Electricity Consumption Index by zadler on Wednesday February 10, 2021 @10:09AM (#26090138)
How many people use it for payments is not the right metric, it’s not the payments that cost a lot of electricity it’s the competition to win block rewards where more energy means a higher chance of mining a block.

Indirectly, if a lot of people use it for payments it may be worth more and attract more mining competition.

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