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by jkepler
1464 days ago
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Bitcoin mining currently consumes less that 0.2 % of global energy consumption. Smartphone use and the associated radio infrastructure use somewhere between 1% to 2% of global energy. How much energy do central and commercial banks, auditors, accountants, corporate currency hedge trading desks, and the armies that back fiat currencies use? Way, way more than bitcoin... and they don't provide a way to pay electric grids to build out renewables the way bitcoin mining does. |
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