... Other than being a weakness, this huge electricity consumption is also very bad for the environment.
You are aware of the fact that many Bitcoin mining operations are based in Iceland or Canada and
run exclusively on renewable energy? More advanced operations even use cold air for cooling.
It doesn´t really get more environment-friendly than that.
Of course there are also miners, who consume energy from more questionable sources, but to say that
the huge electricity consumption is a problem on its own is dishonest. Besides, people constantly
push the narrative that Bitcoin mining is bad for the environment and yet no one has ever made the same
claim about the fiat money system, which arguably consumes even more energy.