Bitcoin energy consumption vs fiat
The next time someone complains about electricity consumption on the bitcoin network, mention that banking, gold mining, gold recycling, and paper currency all use significantly more energy.. Canadian crypto analyst A v B (@ArminVanBitcoin) tweeted a comparison of the annual economic costs of different industries, including bitcoin mining, gold mining, and the global banking system. Bitcoin mining and energy consumption - Bitcoin Bytes Dec 08, 2017 · Bitcoin mining and energy consumption. So is Bitcoin really taking a toll on global energy use? Given Bitcoin mining’s trend toward renewable resources, and the fact that traditional banking is not so environmentally friendly, the cryptocurrency may actually have a …