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Bitcoin does have an energy consumption problem, and comparing it to the banking system is stupid.

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by COINS NEWS 280 Views

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.

Companies like visa process many multiples more transactions than bitcoin, it’s ridiculous that people are comparing these systems as a whole.

When you compare the energy usage per transaction bitcoins real problem is shown.

1 Bitcoin transaction uses 910 kWh 100,000 Visa transactions use 149 kWh

submitted by /u/olihowells
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