Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3...
by tzs on Thursday February 18, 2021 @01:13PM
(#26183350)
You are comparing (baseline US power use/person x number of people working at banks) to (power consumed to do the computations to operate the bitcoin blockchain).
I fail to see how this is relevant to the question of how bitcoin compares to the banking system as a system for storing and transferring money from an energy perspective.
The relevant comparison would be to compare the costs of doing a similar volume of similar operations using bitcoin and the bank system.
I fail to see how this is relevant to the question of how bitcoin compares to the banking system as a system for storing and transferring money from an energy perspective.
The relevant comparison would be to compare the costs of doing a similar volume of similar operations using bitcoin and the bank system.