99.97% of the world’s energy (in USD) is devoted to powering a mixture of technologies with an energy intensity of ~10% while the remaining 0.03% powers the Bitcoin network with an energy intensity of ~1%. #Bitcoin is environmentally friendly & technically efficient. Thread👇
Energy intensity is quantity of energy per unit output. The value of a network hosting a trillion dollars is hundreds of billions per year, secured by energy that cost billions per year (e.g. 1%). As $BTC increases & the network scales, energy intensity should improve to 0.10%.
Since #Bitcoin runs on stranded energy at the edge of the grid and acts as a global battery for otherwise idle generation facilities, it recycles wasted energy, mitigates capital destruction, & provides a mechanism to commercialize clean, renewable energy wherever we may find it.
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