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Your original point does not hold after correcting your 3-orders-of-magnitude error. The Guardian article estimates that bitcoin is on track to use 42 TWh of electricity this year. Your corrected estimate, 87 GW, is 762 TWh annually.

Your contention that the Guardian article made an "outrageously large" estimate of bitcoin electricity consumption is contradicted by your own estimate, after you fixed the units-conversion mistake in it.

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