Famous nocoiner writes
The Bitcoin Mining Council claims that bitcoin uses 0.16% of all the electricity in the world. The BMC also claims that 58.4% of bitcoin mining energy use is from sustainable sources, based on claims by its members. [BMC, PDF]
Neither of these numbers is true — and BMC doesn’t show its working. Sources that do show their working — and don’t have a financial interest in fudging their numbers — put the sustainable energy percentage at 25.1%, and the percentage of the world’s electricity consumption over 0.5%. [Joule, paywalled; Digiconomist]
She refers to Digiconomist. Very interesting question how to handle such FUD because it is keeping appearing although in nocoiner media.
Created a separate post, as a Link post with the archive of the article, but forwarded tips to you.
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I notice there's a huge push against nuclear energy in general. I think energy scarcity is part of the plan.
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It doesn't help that the footnote references in the BMC report has links that were made ALL CAPS, and thus invalid. But I found a year-end 2021 report which is close. The authors of this article made a rookie mistake, so I responded:
The BMC claim is 0.16% "of the world's energy production". As in all energy -- including hydrocarbons and nuclear. Your article makes a false claim there.
A 2021 BP report shows global energy consumption is 595 EJ, which is 165,278 TWh. BMC says mining is 247 TWh. That's ~0.15%.
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Actually it is a 2022 report, so I deleted the Tweet and did another with correct year.
The 2022 report from the BP website is:
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