Reversible computing can be used to do computing with (in principle) zero energy consumption.
Of course, for more serious computations - after converting, say, a galaxy to reversible computronium - the in-principle energy cost of computation absent isolation might be substantial.
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Yes, for "everyday" Kardashev level I, II & III computation this is not much of a problem. When we get to estimates of the total computation ability of accessible universe, subyoctojoule costs start to pile up. Affects grand strategy for some utility functions a lot.
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I'm not saying this isn't important in the medium term - say, the next million years - but I'm sticking to my claim that we should try to move away from PoW for bitcoin because energy reduction is an important goal for the coming decade or two.
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