Edit: Banking industry folks are firing shots at BTC for its electricity consumption costs. I think these people are the last people who should ever criticize bitcoin for its electricity costs.
https://www.cryptocoinsnews.com/dutch-bank-suggests-bitcoin-mining-consumes-much-electricity/
https://amp.ft.com/content/f08e7e00-3602-36a3-ab78-be34d66cb6e7 …
https://www.americanbanker.com/news/banks-use-more-paper-despite-e-statements-popularity …
https://www.eia.gov/energyexplained/index.cfm?page=us_energy_commercial
The embodied energy of these substances and maintaining state are huge.
https://en.wikipedia.org/wiki/Environmental_impact_of_concrete
I’m no cryptocurrency expert, but any bank that says BTC uses too much electricity should start analyzing the mind-boggling amount of embodied energy require to build and operate banks.
I don’t write a lick of code outside of Matlab, but I did study operations research and polymer-textile-fiber engineering.
I think any bank who is using the bitcoin energy consumption as an argument against it, doesn’t understand the energy consumption of the current banking system.
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