Nope, Bitcoin Uses More Energy

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A report tried to exaggerate the energy use of banks in defense of cryptocurrency. The real argument would be to ban gold mining, except for use in production. The price would soar! The report compared the data centers of the top 100 banks to the crypto world but crypto has only a small fraction of the assets. The top 100 banks manage tens of trillions of dollars. The real comparison is with credit cards, which use a small fraction of the electricity and cost much less.



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