Bitcoin doesn't *require* the power, but it *does* have the 4/sec limit built in. So we're in a situation where that power is being put into a system voluntarily and we aren't getting any throughput improvement in return. That's the problem.
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If your main point is that you want bitcoin to be faster, then well done, here's an array of people who disagree with you: [ ]
Bitcoin was engineered stupidly because it was, as it literally says in the first line of the original paper, designed to be an electronic version of cash - which it has failed at, due to built-in hard limits on scalability.
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That doesn't mean the design didn't introduce valuable new concepts and techniques, but it failed to reach the goal it set out to. You can either consider it a prototype (the designers knew, didn't expect it to get this big) or a failure (they were idiots and didn't foresee this)
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My main point is Bitcoin is not, and fundamentally cannot, achieve what people are trying to use it for, and it has vastly outgrown its potential as a design, and the only thing propping it up is moronic investors and speculation.
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