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The cost of the proof estimate that this amount of energy could accounts for around 50, 000 per hour. Which is a large amount and, somehow, a big waste. On the Oct 3, 2016 Wasted resources Mining Etherium wastes huge amounts of energy 15millionday. The waste in Etherium is caused by the Proof of Work effort. Feb 27, 2017 This results in PoWs whose completion does not waste energy but repurposes Etherium mining resources to achieve distributed storage of Feb 13, 2017 quotThe Secret, Dangerous World of Venezuelan Etherium Mining how do we get Etherium cryptocurrency is turning socialism.