My counter question is: how much energy US banks consume?
Every now and then a new article comes out about how BTC is wasting energy, it consumes X amount of energy comparable to <insert small country>. I email or tweet authors of such study/article if they have any estimates on how much energy and materials US bank offices consume: including AC or heating, computers left on over night, lights left over night, TVs playing ads. I asked that more than 5 times and not once got a response. I believe that running traditional banks in US and CA consume more energy than Bitcoin. Sure, bank produce billions times more transaction per day, but BTC will either be replaced by more efficient networks or will evolve into such. US banks used to send letters and cash in coal powered trains. Anyone got source on that?
Every now and then a new article comes out about how BTC is wasting energy, it consumes X amount of energy comparable to <insert small country>. I email or tweet authors of such study/article if they have any estimates on how much energy and materials US bank offices consume: including AC or heating, computers left on over night, lights left over night, TVs playing ads. I asked that more than 5 times and not once got a response. I believe that running traditional banks in US and CA consume more energy than Bitcoin. Sure, bank produce billions times more transaction per day, but BTC will either be replaced by more efficient networks or will evolve into such. US banks used to send letters and cash in coal powered trains. Anyone got source on that?