BTC is 10,000 times more efficient than US banks.steemCreated with Sketch.

in #bitcoin2 years ago

BTC is 10,000 times more efficient than US banks.

BTC is 10,000 times more efficient than US banks, according to John M. Kwan – CEO of VeriPic. US Banking system consumes $ 1.745 trillion per year. this includes all the power used, all the materials used to build and maintain all the bank branches, all the money spent on paying the staff to commute to work.

600,000 mining machines around the world securing BTC consume $ 198 million of electricity per year. this is 0.01 % of the resources consumed by US banking system.


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