Reply to post: Re: Distraction

Don't hate on cryptomining, hate the power stations, say Bitcoin super-fans

MrGreen

Re: Distraction

Bitcoin’s total transaction value in 2021 was 20% more than Visa. Therefore I believe your view that people are getting more benefit out of tumble driers is incorrect. This was Bloomberg’s findings but doesn’t include all other Altcoins.

Bitcoin uses 58% renewable energy. The U.K. only produces about 39% renewable energy and the that number is falling rapidly due to the unfavourable weather.

Bitcoin uses less than half the energy of the banking system or gold industries.

Bitcoin is a digital store of value better than gold. Instant transactions can be run on Bitcoin rails, utilising the Lightning Network, which is better than the banking system.

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