Earlier quoted context omitted.
Exactly… the projection that datacenters' demand for computing power won't be offset by silicon efficiency improvements is somewhat speculative; the projection that Bitcoin's demand for computing power won't be offset by silicon efficiency improvements is obvious and is by design of the fucking system .
bitcoin mining provides an opportunity for anyone, anywhere to convert their computing resources into value. the competitive pressure is to have more efficient energy usage than your competitors so in reality, bitcoin provides an direct incentive for more efficient computing (the kind that can't be handle with by building smaller, more efficient processors). it might do more to boost computational efficiency (and red…
It's a perfect example of the tragedy of the commons. The energy already wasted on bitcoin mining will never be recuperated by the efficiency gains you so eagerly (and without merit) ascribe to bitcoin.