Why banking uses at least 56x more energy than Bitcoin By Cointelegraph
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Why banking uses at least 56x more energy than Bitcoin The next time (BTC) comes under fire for energy consumption, remember this statistic: the banking industry uses at least 56 times more energy. That’s according to cryptographer and founder of Valuechain, Michel Khazzaka:
The statistic, first shared by Michel Khazzaka in the summer, caused a stir in the Bitcoin and wider crypto community. He published his estimates in a Valuechain report, a company he founded to investigate the world of crypto payments.
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Why banking uses at least 56x more energy than Bitcoin The next time (BTC) comes under fire for energy consumption, remember this statistic: the banking industry uses at least 56 times more energy. That’s according to cryptographer and founder of Valuechain, Michel Khazzaka:
The statistic, first shared by Michel Khazzaka in the summer, caused a stir in the Bitcoin and wider crypto community. He published his estimates in a Valuechain report, a company he founded to investigate the world of crypto payments.
Continue Reading on Coin Telegraph
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