Let me start with a digression. Each time you see a phrase:
- In the form of “X uses Y of resource Z.”
- Y is an apparently a large number.
- The phrase frames it as a problem.
Let a warning light appear in your head. Regardless of whether there is a problem or not, the phrase itself is usually deceptive.
(1) It’s widely used in politics and ideological narrative for a reason.
Returning to the main topic: it’s complicated™.

Any oversimplified answer is likely wrong.
The most important thing to ask is: why is 10 MW used? It’s common to point fingers at an industry and say “
they cause harm.” But it’s not like a rich, bored bastard sits on a pile of money and burns them for fun. Industry’s footprint is a function of consumers’ usage and they exist exclusively because there is a demand. So where this 300 GWh a workday goes to? What amount of energy would be needed for humans to do the same work?
10 MW is also very visible, because it’s concentrated. It’s easy to spot. There is a saying:
“what you don't know can't hurt you.” Spread the same workload across a thousand smaller facilities and nobody cares, even if their footprint per unit produced is much larger. This doesn’t mean the energy usage in general is not a problem, but this must be taken into account.
Historically we have plenty of examples, where both hallucinated and real technological breakthroughs ramped up resources usage. Decades, centuries, millennia later we treat this as something normal. While this technology itself is not new, and qualitatively there is no great leap, the progress in electronics changed it quantitatively to the point it offers new features. Similar to other similar situations, I don’t think we should worry about the associated increase in energy demands. Not at this moment. A change is a short-term thing. What matters is how it plays out long-term. If it’s useless, if it doesn’t deliver, then indeed we should worry. But fortunately history shows in such cases useless technologies are starved of investment and die out. If it works, it will stay with us and it’s going to be just another normal technology and normal resource usage, as it always has been. Of course aiming for reducing the energy used will be important, but that’s going to be an issue after the situation stabilizes.
To wrap it up, what happens when the bubble bursts? Or “if,” depending on one’s convictions? How to squeeze most of it? For once, datacenters and large facilities of that kind are already built near power plants, which they supply with funds, or build their own energy sources. If they fail, we’re left with a lot of nice power infra built on their expense.

Discalimer: this post is about energy usage. Relying on conflict resources, social effects of smortnets, concentration of capital and other issues were not touched by Terry and I stay within the topic they set.
(1) It does not automatically imply the person using it is intentionally deceiving you. One may simply be repeating what they heard elsewhere. But it may also be a result of careless thinking or a complete lack of it.