Maybe but you're discounting the energy required to send those 99% of pixels over the network. Just because it's not your CPU doesn't mean it's not doing work.
> So they're trading bandwidth for CPU load at either end
Given it's Nvidia I would imagine it's more likely going to be GPU load rather than CPU load. Don't underestimate the current computational overhead of existing lossy video compression.
So they're trading bandwidth for CPU load at either end. I wonder what the tradeoff is in terms of energy? Would this result in higher CO2 emissions?