Where else would the energy go?
Energy can’t be created or destroyed. Or consumed. It can just be converted.
It could go out as radio waves, but that would create huge electromagnetic interference, with a 100w transmitter.
Turning energy into matter is possible, but much harder to do.
So the only thing it can become, is heat.
If you heat your house with electricity, then you might as well heat it with servers instead of radiators. Basically everything is 100% effective at turning electricity into heat, because heat is pretty much the definition of waste.
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