• Snekeyes@lemmy.world
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    9 months ago

    Vs. Banks. That have offices, branches, atms, data centers… banking does use more energy yearly. So why not both invest in renewables

    • stoy@lemmy.zip
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      9 months ago

      Sure, but how much of the global financial market does crypto represent?

      I susptect that the energy consomption per transaction is considerably higher for crypto than for a normal financial transaction.

        • stoy@lemmy.zip
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          9 months ago

          I did find some information about this, and have posted about it in the thread, and you are absolutely right about this in regards to Bitcoin, I did not find a lot of information about other crypto apart from Etherium, which claimed that the energy use of one Etherium transaction would not consume any power at all, which I doubt.