Bitcoin Is Using Half The Electricity As Your Bank And There Is 19X More Lost In Transmission Yearly - Tech news daily

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Monday, 17 May 2021

Bitcoin Is Using Half The Electricity As Your Bank And There Is 19X More Lost In Transmission Yearly

The numbers by Galaxy Digital say banking systems consume 263.72 TWh/yr of power while gold mining uses 240.61 TWh/yr. The Bitcoin network uses 113.89 TWh/yr of electricity.

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