Power consumption propaganda?

[AicecreaME]

I mean, what about majority of 7 billion people living on this planet that consumes electricity, like come on, we all know that they consume more than Bitcoin mining rigs. Besides, there's nothing bad I guess about it since the power companies make profits on it because mining rigs consume its needed electricity. It's just a cycle Consumer>Supplier>Government>Country, we are all getting the benefits on one another actions.

The only problem are those people who are greedy in power and always want the attention of the people, they all wanted to take the spotlight forever but Bitcoin shines much brighter than them so it's much better to ignore them.

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[galestorm]

Well it is true, Bitcoin mining consumes a lot of energy. Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year - and is unlikely to fall unless the value of the currency slumps. Some say that bitcoin mining is an environmental conundrum and that it is responsible for nearly 37 million metric tons of carbon emissions each year. I guess it would be helpful if most of the bitcoin mining operations use renewable energy. Just to lessen the carbon footprint, that's all. Then again, why are they only focused on bitcoin? There are other industries that produce way more carbon emissions.

[finaleshot2016]

Would be interested to hear what the point of view is on a recent increase in press statements as follows: ‘Bitcoin may soon consume more power than Australia’— almost 10 times more than Google, Microsoft and Facebook combined.
Is there anything behind this or is it just another angle of attack against bitcoin prompted by remarks by Bill Gates?.....is it even possible to calculate consumption in this way?

Prolly just propaganda against bitcoin.

There are multiple kinds of factories that consume a lot of energy, especially those that produce devices such as smartphones, consoles, hardware, and so on. Every year, a great deal of energy is wasted in the production of components that aren't used or sold. Actually, if they use a lot of power, which means they're tripling their production rate, they'll make a lot of money, particularly if their product is in high demand. I'm not sure why they keep blaming bitcoin when some private producers are among those who waste energy on products that are only used for entertainment.

Read this https://bitcointalk.org/index.php?topic=5325350.0