I didn't see anything wrong with your analysis. I certainly agree that enough computing power doesn't translate to sentience. Rather that processing information evolved as a survival mechanism, like running, or generating toxins.
As you seemed to have missed the point of my observation, I'll try to state it more simply.
Question; Does tomorrow become yesterday, because the earth turns?
Basically, does ongoing activity turn potential, to actual, to residual?
Is it the present moving past to future, or does activity and the resulting change turn future to past?
If this seems like a metaphysical observation, it is along the lines of asking whether the cosmos swings east to west, or is it that the earth turns west to east.
As consciousness, like the present, also goes past to future, while the perceptions giving it form and structure go future to past, it is a potential insight into the relationship between sentience and information processing.
If you don't see it, sorry to bother you.