[Aretas77]

Take the benefits and double them up to get the drawbacks.

The components used for mining could have much better use cases and the raw material shortage does not make this easier.

I doubt that mining is the reason why countries/companies/people are pushing for that cheaper green energy.

Additionally, the cryptocurrency market right now is a mess, an online casino one might say, where only few can benefit.

And to push prices up, people are encouraging others to buy them, to push the prices up more and not because they believe in the future.

[zherbert]

You think the current global financial system is energy efficient? How about the raw materials used by global militarizes financed by unending money printing? If you fast forward a couple decades, and Bitcoin becomes the global reserve currency, mining will be far more efficient than the amount of enormous military spending and middle-eastern oil production financed by fiat currencies and the petrodollar standard.

You people are advocating for shutting down one of the most important human advancements of all time – money that is directly linked to energy.

[Aretas77]

It is not efficient, I agree. But the cryptocurrencies should be of low priority right now, there are much more significant topics and problems, plus - how do you expect people to use cryptocurrencies if they won't even have any computers due to various shortages caused by the miners?

Maybe sometime, but not right now.