LogFAQs > #962215467

Damn_Underscore posted...

https://yhoo.it/3g7Pgx9

I also saw an article that said Bitcoin's energy consumption (as of 2018) was about the same as Ireland's per year. That is obviously a lot, but think about all the things that go into running the world's modern banking system. It requires a shitton of energy of all types, which necessarily includes unrenewable energy. I just can't see how crypto could realistically cost more.

The entire banking system does use more energy overall since it is used by billions of people. However, on a per transaction basis crypto uses MUCH more energy, especially Bitcoin. Bitcoin is literally not feasible as an actual currency for the world unless there is some breakthrough miracle technology such as practical fusion power.