Bitcoin is more ECO than banks or the gold mining industry

Why does Bitcoin consume more energy than some countries do?

Bitcoin is greener and more ECO than the banking system and the gold mining industry

Some interesting facts:

  • The global annual energy supply is 1,458.2 times greater than the Bitcoin network needs.
  • The amount of electricity lost during transmission and distribution each year is 19.4 times higher than the Bitcoin network consumption.
  • The energy footprint of “always-on” electrical appliances in households is 12.1 times greater than the Bitcoin network consumption.
SOURCE: Galaxy Digital
SOURCE: Galaxy Digital

Renewables power Bitcoin at 40% to 75%

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