Burning the planet? I assume you mean CO2 emissions.
Bitcoin has one of the highest % of renewables of any industry i.e. solar, wind, hydro etc.
As an absolute value the amount of energy it consumes is less than 0.1% of global energy consumption.
Those two things taken together mean that Bitcoin contributes what amounts to a rounding error in total global CO2 emissions.
And that's not even mentioning its GHG emissions reducing effects on the capture of methane, which could turn it CO2eq negative emissions.
On top of that it has an important role to play in balancing grids by consuming excess energy that the market doesn't want or need, or can't be stored.
And the utility of Bitcoin? Well, some people see value in a form of money that can't be arbitrarily debased, is open to all on a global and neutral network that can't be changed or controlled by any central or corrupt authority, and that is censorship resistant.
You might not see value in that, but many people do.
Maybe you see more value in Christmas lights which consumes more energy than Bitcoin.
Burning the planet? I assume you mean CO2 emissions.
Bitcoin has one of the highest % of renewables of any industry i.e. solar, wind, hydro etc.
As an absolute value the amount of energy it consumes is less than 0.1% of global energy consumption.
Those two things taken together mean that Bitcoin contributes what amounts to a rounding error in total global CO2 emissions.
And that's not even mentioning its GHG emissions reducing effects on the capture of methane, which could turn it CO2eq negative emissions.
On top of that it has an important role to play in balancing grids by consuming excess energy that the market doesn't want or need, or can't be stored.
And the utility of Bitcoin? Well, some people see value in a form of money that can't be arbitrarily debased, is open to all on a global and neutral network that can't be changed or controlled by any central or corrupt authority, and that is censorship resistant.
You might not see value in that, but many people do.
Maybe you see more value in Christmas lights which consumes more energy than Bitcoin.
https://twitter.com/gladstein/status/1512493813218123786?s=2...
https://bitcoinmagazine.com/culture/check-your-financial-pri...