MultiversX Tracker is Live!

Bitcoin does have an energy consumption problem, and comparing it to the banking system is stupid.

All Cryptocurrencies

by COINS NEWS 283 Views

I’ve now seen many people, including the ceo of Binance, comparing bitcoins energy consumption to energy usage in the current financial systems. This is stupid.

Companies like visa process many multiples more transactions than bitcoin, it’s ridiculous that people are comparing these systems as a whole.

When you compare the energy usage per transaction bitcoins real problem is shown.

1 Bitcoin transaction uses 910 kWh 100,000 Visa transactions use 149 kWh

submitted by /u/olihowells
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments