Fortunately, technological development allows solving complex problems like this. Bitcoin developers working on innovation will have to solve this situation by looking for alternatives to reduce electricity consumption.
Mechanisms have been created to maximize the computational power that exists throughout the world. There are technologies for users of the world to "rent" the power of their devices to undermine or store Bitcoin, in addition to this giving users a reward.
Mechanisms such as Proof-of-Stake in the world of cryptocurrencies eliminate the need to devote more energy power to create more cryptocurrencies, because instead of giving preference to those who work in mining (Proof of Work) , give preference to who has more cryptocurrencies. In addition, mining farms can supply their electricity supply through clean energy and thus reduce their carbon footprint. Approximately 75% of Bitcoin's energy consumption comes from renewable resources.
If the cryptocurrency economy is expected to prosper in the future, it will be necessary for developers to find ways to decrease the energy consumption required to undermine Bitcoin, rather than increase. Bitcoin is a technology that is increasingly used and is being used by people around the world as an alternative to the traditional economic system.
ALTERNATIVES
Bitcoin's biggest problem is not only its massive energy consumption, but 80% of supercomputers are in Asian countries where the main source of energy is the combustion of coal that generates a lot of CO2 and other toxic gases for planet.
To try to remedy this problem, several ecological cryptocurrencies have been born.
The first one was SolarCoin, which works through electricity from photovoltaic solar energy, which would aim to reduce the planet's carbon footprint.
In recent years, more efficient algorithms than Bitcoin have been developed to not require computers that consume as many hashes per second as possible.
In November of last year the creator of BitTorrent, Bram Cohen has founded a company called Chiapara to create a cryptocurrency that is less wasteful, improving the efficiency of the Bitcoin blockchain.
It is difficult to be able to glimpse all the implications that cryptocurrencies have on what we currently call "economics." Therefore, its environmental impact is still unknown