https://digiconomist.net/ethereum-energy-consumption
Nor do I agree with your assessment of banning Bitcoin because its power usage doesn’t match what we would like. I assume we all somewhat believe in the free market and the free market is solving this problem. Bitcoin price appreciation has been anemic at best and is only about 2% over the SP500 in the past five years. Both about +56% Ethereum is quite a different story. +177%. Innovation is working.
How much power and materials are wasted when Apple releases incremental changes with a new number each year to resell the same thing to materialistic buyers annually?
You can read Apple’s environmental report. And read the recent publications that analyse the environmental impact of crypto. And one of the biggest moves that Apple and Google can do as companies, to lessen the environmental impact is actually banning bitcoins and crypto.
As someone who cares about the environment, I advocate for it. I don’t have any investments to Apple or Google or Bitcoins. Please, disclose any crypto investments, should you advocate for these.
data centers providing Netflix streaming services would consume around 370 TWh per year (Kamiya 2020) [1]
That's not counting all the client devices power consumption while watching it.While BTC uses 87 TWh. [2]
1. https://blogs.salleurl.edu/en/energy-consumption-data-center....
https://en.wikipedia.org/wiki/Aluminium_smelting#Environment...
https://www.apple.com/newsroom/2022/04/apple-expands-the-use...
What are the positives of crypto? I haven’t noticed any for 10 years it had been around. Only exchange crashes and hacks like MtGox, Fed investigators having to fight Silk Road and the crazy near-fraud exuberance of FTX and alike.
Crypto carbon footprint is mind-boggling, estimates are 200 million tonnes of CO2 since the launch, not including the CO2 emitted to manufacture the hardware.
Coinbase, that popularised all that mining to the general public should be considered as evil as other large CO2 emitters. And worse, all of these carbon emissions are for nothing, crypto seem only to be contributing to more exchanges crashes, fraud, money laundering and crime. With nothing to show on the positive side.