> [all the banks in the world have] a total [consumption] of close to a 100 terawatt hours a year. > The highest estimates for Bitcoins annual terawatt hours c

> [all the banks in the world have] a total [consumption] of close to a 100 terawatt hours a year. > The highest estimates for Bitcoins annual terawatt hours consumption is 28.67. This means, more than 3 times more efficient than a very conservative calculation of the cost of the global banking system. I think that a "transaction count" and/or "services provided" are missing from the calculation. ultimately it does nothing to answer the only relevant question: if the entire banking/financial system switched to bitcoins/crypto would consumption increase or decrease? I personally think it would be very hard to argue the case of a decrease