Earlier quoted context omitted.
Crypto currencies would absolutely use zero electricity if they could too. There are efforts RIGHT NOW to solve this problem. So just like how BOA wastes electricity right now, and is trying to reduce its electricity use, so too are cryptocurrencies. For example, one way to do it is to power the blockchain via "wasted" electricity from other sources, that was going to do nothing anyway. For example, a heater literall…
> For example, a heater literally sends electricity through wires, and "wastes" that energy to create heat. One could imagine a heater that uses the electricity/heat from mining for "free". Right, but once people do that, mining becomes more efficient. If mining becomes more efficient, more people start mining, then the difficulty adjusts, and then you're back at the beginning. It's not a bad thing : efficiency gains…
I think it's a stretch to say the two are perfectly linked.
If you dropped someone's electricity price in half, would they buy twice the equipment to mine? If you dropped it to 1%, would they buy 100x as much equipment?