What a load of none-sense! Mining is a waste of energy and completely unnecessary.
Using POW (proof of work) algorithm was a revolutionary at the time of Bitcoin creation, but has been obsoleted when various POS (proof of stake) algorithms started to appear.
Consider that Bitshares and Steem use DPOS (delegated proof of stake) to ensure integrity of the blockchain and do not use mining. They are more decentralized, work much faster and do not need to waste billions on "mining".
Bitcoin is a first generation blockchain tech, and as such it has great brand recognition and tens of millions of users, but its technology is falling behind every year as blockchain tech industry develops.
I will say it again,
MINING IS OBSOLETE
and the sooner people realize it, the less electricity will be wasted.
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