One of the frequent criticisms of Bitcoin is energy consumption. Typically one hears comparisons like: "Bitcoin consumes as a lot energy as the entire nation X!"
I believe these statements are deceptive and somewhat insignificant, and I clarify why on this video.

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Sources:
https://1-stromvergleich.com/strom-report/strompreis/#zusammensetzung-strompreis-2018
https://de.wikipedia.org/wiki/Drei-Schluchten-Talsperre
http://www.dailymail.co.uk/video/information/video-8393/Three-Gorges-Dam-China-power.html
https://www.aljazeera.com/indepth/inpictures/world-chinese-bitcoin-mining-180116112117869.html
https://www.bitrates.com/information/p/bitcoin-miners-rush-to-niagara-falls-in-search-of-cheap-hydroelectric-power
https://add.wikimedia.org/wikipedia/commons/7/7f/Deutschland_Landschaften.png
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/kryptowaehrungen-bitcoin-mining-verbraucht-bald-mehr-strom-als-argentinien/20837230.html
https://www.welt.de/wirtschaft/article114502095/Zypern-nimmt-den-Sparern-5-8-Milliarden-Euro.html

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Outro music: https://youtu.be/Iq8_2bjJqbo

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