justjazzmfs be like "crypto is the future" while the ethereum currency alone uses more power than HUNGARY
vibeisveryocrypto is a diseasesomeone is upset they didnt invest when they could
bitcoin uses more than Belgium, Philippines and Kazakhstan (not accumulated)
traditional online banking uses way less power.
what if we actually used that electricity to power our infrastructure?
i don't hate the idea of crypto and the concept is cool but it's impractical at best and potentially destructive at worst
Your highlighting Crypto's impact on the environment without putting into context.
Gold Mining Energy Consumption per year = 131 TWH
Banks Average Energy Consumption per year = "140 TWH a year only on those three metrics is around (I am rounding) 26 TWh on servers, 87 TWh on branches and 26TWh on ATMs for a total of close to a 140 TWh a year."
This also does not include the manpower it costs to run the banks.
In the long-term once renewable energy is cheaper cryptocurrency will also become greener.
digital currency is much more efficient, simple and reliable which is why banks are already investing in becoming digital.