Banking system consumes more than double the energy bitcoin consumes, eat it Elon Musk! A recent report by Galaxy Digital analyzed Bitcoin energy usage as compared to traditional banking energy consumption, results showed that the traditional banking system consumes more than double the energy bitcoin consumes. The report compared the energy consumption between the banking system, gold, and bitcoin. The Bitcoin network consumes an about 113.89 TWh/yr in total while the gold industry uses about 240.61 TWh/yr, and the bank consumes much more. #Club1Bch
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