A recent report by Galaxy Digital analyzed Bitcoin energy usage as compared to traditional banking energy consumption, results showed that the traditional banking system consumes more than double the energy bitcoin consumes. The report compared the energy consumption between the banking system, gold, and bitcoin. The Bitcoin network consumes about 113 89 TWh/yr in total while the gold industry uses about 240.61 TWh/yr, and the bank consumes much more.

Author: mBRzeVZxHo

Leave a Reply

Your email address will not be published. Required fields are marked *