As global blockchain mining storage demands surge 300% since 2021, a critical paradox emerges: How do we reconcile decentralized data security with escalating energy costs? The Cambridge Bitcoin Electricity Consumption Index reveals mining operations now consume 127 terawatt-hours annually—equivalent to Norway's total energy output. Yet storage efficiency remains stuck at 35-40% across major Proof-of-Work chains. Well, maybe it's time we rethink the fundamentals.
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