[Cryptography] An academic paper on Bitcoin's energy consumption

[Matt Corallo]

On 1/7/21 5:33 AM, Ismail Kizir wrote:
> it is expected that Bitcoin will use more electricity than the UK by October 2018. It is further predicted that by July 
> 2019 it will equal the US’ total energy consumption, and by February 2020 equal global energy consumption (Power 
> Compare, 2017).

It is maybe most interesting that you quote a measurably prediction from the paper which, with hindsight, is objectively 
false. Indeed, Bitcoin's energy use is incredibly high, but that is not the end of the discussion. Not only have 
predictions (like the above) not come to pass, but the move towards green energy is much faster in the Bitcoin mining 
space than in the general electricity generation space.

Matt