Ever since this Elon Drama started Ive been blown away by peoples mental gymnastics and outright misinformation around the Bitcoin PoW network.
**It is NOT powered by 75% renewable energy**
I know this because that particular figure comes from the below report :
In particular here on page 26:
>Despite increasing transparency and research on the environmental impact of PoW mining,16 the topic is
still typically misrepresented in most sources and on both sides of the debate. Similar to 2018, this year’s
survey data shows that a significant majority of hashers (76%) use renewable energies as part of their
energy mix (Figure 15). **However, the share of renewables in hashers’ total energy consumption remains
Every single person trying to justify the btc network seems always land back at the claim of ~75% from the first half of that sentence – when the actual report and facts do not back it up.
The whole network uses the same energy as the Netherlands right now – meanwhile **per transaction uses the same energy as a house does for 40 days** along with a carbon footprint of over **1.1 million visa transactions**. Every time you even send a hundred dollars of bitcoin you are using *that much energy.*
That is a disgusting amount of energy for a 3-7 tps network. Especially compared to modern blockchains.
If bitcoin was actually mass adopted and started pushing the high 6 / 7 figure valuation there wouldn’t be enough energy in the world to secure that network in any sustainable way.
Once again – for a *3-7 tps network.*
Power usage figures below: