RE: Bitcoin Network Uses 0.5% of the World's Electricity

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Bitcoin Network Uses 0.5% of the World's Electricity

in bitcoin •  7 years ago 

Well you're right about the banking system, seems it's about 5x more energy use. His comparison is off indeed :/

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7 years ago by

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      ·  7 years ago 

    How much money is bitcoin handeling. Large ammounts, but not near to global levels. Is it used in day to day transfers? No.
    Is it already using a lot of power? yes.
    Will the trend of power usage rising continue? yes.
    It doesn't take a statistician to realize its not sustainable.

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