Posts: 6,242 +7,162
It wouldn't be as big of a waste if renewable resources were used. Unfortunately, they're not very popular in developing nations such as the United States.
Let's say they used 100% volcanic/geothermal energy to mine 100% of all crypto (now that there are more than 17,000 - eclipsing the number of real-world currencies.
The real question we should be asking:
#1 Why am I exchanging my real world cash USD/Yen/Yuan/etc for "tokens"???
#2 Why am I exchanging real world cash with low-volatility into a highly volatile market where I can literally lose half my money in a year?
#3 Why am I exchanging real world cash into a highly volatile market with no protections such as the FDIC?
#4 Why am I exchanging real world cash into a highly volatile market where the speculative asset (crypto) has no intrinsic value whatsoever and absolutely can go to $0?
Answer: Cause I can get rich quick and buy a lambo?