The media loves to attack the bitcoin environment impact with scary headlines. “It boils the oceans!” “It uses more energy than Argentina!”
Here is the nuanced truth: Bitcoin uses energy, yes. But having a secure, global, incorruptible money system is worth the energy expenditure. We don’t complain that clothes dryers use energy. We don’t complain that Christmas lights use energy. We accept energy costs when we value the utility.
Also, Bitcoin is rapidly going green.
Over 50% of mining is powered by renewable energy (hydro, wind, solar). Why? Because renewables are the cheapest power sources on earth. Miners always go where electricity is cheapest to maximize profit.
Bitcoin miners also stabilize power grids and use “stranded energy” (like methane flares) that would otherwise be wasted.
The bitcoin environment FUD (Fear, Uncertainty, Doubt) is largely exaggerated by those who prefer the existing petrodollar system.