It works out just fine and there will enough profit from sub cent transaction fees to have thousands of competing data centers. At that point you could even declare the system to be more cost effective than any other kind of financial infrastructure.
Any complaints against Bitcoin's excessive energy consumption would be void, except this is not the future that Bitcoin HODLers want so it's incredibly difficult to see how their theories would become true in the future.
https://blog.vermorel.com/journal/2017/12/17/terabyte-blocks...
It works out just fine and there will enough profit from sub cent transaction fees to have thousands of competing data centers. At that point you could even declare the system to be more cost effective than any other kind of financial infrastructure.
Any complaints against Bitcoin's excessive energy consumption would be void, except this is not the future that Bitcoin HODLers want so it's incredibly difficult to see how their theories would become true in the future.