To give it another way to visualize it: every 25 hours the US pollutes as much as burning an entire 50 car long train full of coal for Bitcoin mining alone.
It might be easier to visualize the energy waste by framing it as burning through a 48 car long train full of coal each and every single day to run Bitcoin mining alone.
And then say that "50 railroad cars of coal" is equivalent to X BTUs.
I'm being pedantic. I think its well known that the US Grid is a complex mix of solar, nuclear, wind, and fossil fuels. It is also known that its mostly fossil fuels (natural gas, coal, and petrol), despite our best efforts to the contrary. So I think the visualization is pretty good. But a few additional words for clarity here would probably be better?
Come on, it is literally British!
thats not how the bitcoin mining sector works, its like you heard about one recommissioned coal plant in new york and assumed that was representative of anything
it isn't economical for miners to operate that way, whereas it is economical at some sources of renewable energy or redirecting energy from polluters - reducing emissions - so thats where the miners are
If the renewable generation capacity was built entirely for the purpose of crypto mining and in other words, wouldn't have ever been built without it, you could argue that it's zero emissions (or more accurately, some miners are running effectively with zero emissions while others aren't).
However, since the supplies of renewable energy equipment are not unlimited, demand is already high (so you can't argue that you're driving innovation in the sector), and the production of said equipment is very much carbon positive (from mining to processing to transport), it's just not a very strong argument. If anything, mining with renewables reduces further investment in renewables for the grid as it drives equipment prices up, while still indirectly polluting the environment.
No matter how your slice it, terawatt hours of electricity are being used each year to run the networks, when the biggest problem we face as humans is a shortage of energy.
And I say all of this as someone who supports decentralized digital currency. We have a problem in our society where we obscure and mangle the narrative when something we dislike is true.
We should stop lying about what makes us uncomfortable and start focusing on the solutions to the problems. And there are plenty of reasonable options here:
1. Use the excess heat generated from mining to generate more electricity (with considerable efficiency loss) to supply the grid or to put back into the operation, or run any useful chemical process that requires heat.
2. Use the excess heat generated from mining to heat homes, buildings, etc.
3. Move to a more power efficient method of mining such as a PoS instead PoW. Or an entirely new method that hasn't been thought of yet.(Which, IMO, is the only way to prevent centralization once Quantum Computing or Fusion become commercially available).
Given that 60% of the energy consumed for Bitcoin is carbon neutral, this is probably an easy one.
So yes you are correct, it would be pretty easy win, but not for who you think.