Bitcoin consumes 4,000,000,000 W of power to process four transactions per second. A single Raspberry Pi with a database can do an order of magnitude more on 5W. Think about that next time you wonder if it's a good design.
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And to all the inevitable "but decentralized but instant but global but whatever" repliers: if you think any of those require and are worth a NINE ORDER OF MAGNITUDE overhead, please never be an engineer.
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I made a little diagram just to put things into perspective. This is how much energy Bitcoin uses compared to another globally distributed system.pic.twitter.com/XuVeCdn69y
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Replying to @marcan42
First, with this kind of reasoning we'll be stuck in caverns. Second, how much the global banking system consume, do you have those stats?
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It's blindingly obvious that banks are more efficient than Bitcoin because they don't charge ~$33/transaction, which is about how much BItcoin spends in electricty.
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