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"Bitcoin’s current estimated annual electricity consumption stands at 29.05 Terawatt hours" I just leave that here...

• bitxbitxbitcoin 9y ago
  Do you know what the estimated annual electricity consumption of VISA as a corporation is? What about the Treasury portion of the US government, let alone all the other parts. I'll just leave that there :).
  • emodendroket 9y ago
    Is the number of transactions anywhere near comparable?
  • lawn 9y ago
    You could also compare it to how much Google consume. And you should realize the mining electricity usage is in no way related to scaling Bitcoin.
    • NiklasMort 9y ago
      "Google’s many data centers around the world burn through 260 million watts" way less, besides Google's DC are rather modern and often are rather environmental friendly. Bitcoin on the other hand is mostly mined in China where the energy comes largely from fossil fuels
  • NiklasMort 9y ago
    Do you have them? If I had to bet I'd say it is way less. If you don't then your argument is a bit of pointless, no offense.
  • notahacker 9y ago
    It's reported VISA's datacenter uses the same amount of energy as around 50,000 US households. Bitcoin energy use is about 2.9m US households. So say a fiftieth, for around 450x the daily transactions, and it could handle a lot more if demand existed without a commensurate increase in power consumption.