05-13-2021, 11:07 PM
Bitcoin does have an energy consumption problem, and comparing it to the banking sys
<!-- SC_OFF --><div class="md"><p>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.</p> <p>Companies like visa process many multiples more transactions than bitcoin, it’s ridiculous that people are comparing these systems as a whole.</p> <p>When you compare the energy usage per transaction bitcoins real problem is shown.</p> <p>1 Bitcoin transaction uses 910 kWh 100,000 Visa transactions use 149 kWh</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/olihowells"> /u/olihowells </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nbeq81/bitcoin_does_have_an_energy_consumption_problem/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nbeq81/bitcoin_does_have_an_energy_consumption_problem/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>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.</p> <p>Companies like visa process many multiples more transactions than bitcoin, it’s ridiculous that people are comparing these systems as a whole.</p> <p>When you compare the energy usage per transaction bitcoins real problem is shown.</p> <p>1 Bitcoin transaction uses 910 kWh 100,000 Visa transactions use 149 kWh</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/olihowells"> /u/olihowells </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nbeq81/bitcoin_does_have_an_energy_consumption_problem/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nbeq81/bitcoin_does_have_an_energy_consumption_problem/">[comments]</a></span>Kind Regards R