Find a 4 drive NAS and see what the power usage is, then we can talk apples to apples.
I have stated the power usage of the PIII 800Mhz Coppermine CPU to be 25W. Mine uses a little more due to the aftermarket heatsink/fan I have. And a current Core i7 3770K is about 80W. So how does that equate to the old CPU using more power? My electrical engineering degree tells me 80 > 25. I think first year math students would agree.
I can point you to the Intel specifications, as well.
The old support electronics also use less power than todays support chips do. Why? Because they were clocked so much slower than the current generation of chips are. Here is a true statement. Power costs, per clock cycle, is much, much cheaper today, than it has ever been before. However, actual power costs are higher today than they were years ago.
A top of the line gaming unit in the old days only needed a 450W power supply. Today, they are using 1200W supplies and higher. If you plot the power usage of CPU's, over the years, you would find it will resemble a saw tooth pattern, to some degree.
You cannot make a blanket statement about power usage being lower that it used to be. Yes, you can pick a low powered Atom CPU, and compare it to an old CPU and make the statement work. One can also pick a CPU requiring 80W today, versus an old 20W CPU.
The point of this topic is old hardware can be used to do many things, which makes the old hardware efficient to use. Here is an exercise for you.
Tell me what components I need to do the following:
Router
Hardened Firewall
Media Server (8TB of storage)
File Server (8TB storage)
Print Server
Scanner Server
Just give me a list and I will do the research to determine the amount of power need for all those items and let's see what is more efficient. I think that is a fair approach, given you are the one challenging the use of old computers as being an inefficient means to an end.