Bitcoin mining actually uses less energy than traditional banking, new report claims

May 19, 2021 / dlvr.it / Article Link

Bitcoin mining only uses half the energy that the traditional banking system does, a new study claims. Gold mining also uses up to twice the amount of energy of the bitcoin version, says the report, which was published by cryptocurrency investment firm Galaxy Digital. The white paper study from the Galaxy Digital Mining team comes after Elon Musk fueled a debate on the energy consumption of bitcoin mining and announced that Tesla would no longer...Read full news

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