Kostro on Nostr: Bitcoin is not 8% of electricity use, it's 0.57% according to Cambridge's Centre for ...

Bitcoin is not 8% of electricity use, it's 0.57% according to Cambridge's Centre for Alternative Finance. https://ccaf.io/cbnsi/cbeci/comparisons

And it only consumes the cheapest electricity, most of which is stranded in time or space. Using it helps to finance and balance the operation of a highly-renewable grid.

Rather than canceling out our energy progress, bitcoin mining accelerates it.