[ATsch]

> The same order of magnitude of energy is expended to ensure the security of the blockchain whether a large NFT mint happens or not so long as the blockchain exists.

That's not completely true. The amount of resources wasted per hour are proportional to the value of the coin. Lacking any genuine uses for for cryptocurrencies, people determine coin value by things like transaction volume, market capitalization, influencer endorsements and active wallets instead. Thus every additional user, transaction and especially the common million-dollar wash trades designed to pump their respective projects, contribute significantly to the waste that is generated.

[mgraczyk]

That's only true in the long term. It's not true as applied to this particular sale.

https://ycharts.com/indicators/ethereum_network_hash_rate