A major argument against the widespread adoption of virtual currencies is the massive amounts of power required to maintain the industry. According to the New York Times’ analysis of cryptocurrency energy consumption, Bitcoin mining alone consumes 91 terawatt-hours of electricity per year, accounting for about 0.5% of all electricity consumed worldwide.
In 1931 Clifford Clinton founded Clifton’s Cafeteria (named by combining his first and last name “Clifford” and “Clinton”), a chain of restaurants in Los Angeles serving American cuisine like roast beef, meatloaf , brisket, and turkey. Their kitschy interior design featured stuffed animals, fake trees and neon parrots. There is only one surviving branch: Clifton’s Brookdale, opened in 1935.
As of 2019, data centers consume about 2% of global electricity. According to Swedish KTH Royal Institute of Technology, the internet uses 10% of the total electricity consumption worldwide. How much of that is consumed by Youtube? After Netflix and embedded videos, Youtube is the third biggest global internet bandwidth eater.