First of all, not all crypto needs to consume power. The “waste of energy” is the barrier to protect bitcoin with competence. This is the nature of PoW.

Moreover, in 2018, the total electricity consumed by bitcoin is the same amount as Ireland, the country. However, the total market value of bitcoin was about the same size of Ireland M1 which consumes much more resources than just electricity, In order to support a country’s M1. From this point of the view, PoW the consensus, actually is more efficient than any other form of modern social consensus.

About bitcoin and crypto refers to the article below:

https://www.mycrypto101.net/post/is-bitcoin-mining-a-problem-of-wasting-energy

Buy / Sell bitcoins is not an easy job for beginners, I recommend a guide how to buy bitcoin for newbies.

https://www.mycrypto101.net/guide-to-purchase-bitcoin-2020

Enjoy!

Hello all

I just created a website www.mycrypto101.net , to share what I know about the knowledge of cryptos and bitcoins. It is newly set up with few articles yet. I am writing 1 - 2 blog or 3 - 5 QA articles a day. It will take some time to build it. You are welcome to visit and hopefully you would like it .

Cheers, C