[Cryptography] One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week

[Allen]

> Bitcoin scales to the lowest marginal cost of energy in the world. If you
> believe that it burns too much energy, you ought to be advocating for high
> taxes on bitcoin mining.

The energy used for bitcoin mining could also be dramatically reduced
by setting the mining reward to zero, so miners receive only
transaction fees and no mining rewards.  Without mining rewards, the
miners would quickly and drastically cut the amount of energy they
use.