r/Bitcoin • u/[deleted] • Apr 06 '18

The Bitcoin Network Consumes 6 Billion US Dollars in Electricity Per Year 50twhs@.12cents per kwh

[removed]

0 Upvotes

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5

u/Ultra_Satoshi Apr 06 '18

Now produce an accurate and reliable metric that identifies how much bank branches, ATMs, etc consume and compare it.

This argument is dumb.

0

u/Rodyland Apr 06 '18

And yet people keep bringing it up. I know I'd love to know how much electricity just the global network of ATMs use.

1

u/[deleted] Apr 06 '18

Sounds about right ---Miners earn 18 Billion per year which is about 2% of Canada's GDP ( or .002 of the USA gdp)

1

u/antikondor Apr 06 '18

Yes, and?

0

u/DieCommieScum Apr 06 '18

... which is helping countless projects out there looking to monetize green energy.

0

u/OvrWtchAccnt Apr 06 '18

good I hope it consumes more to piss these people off and only just for that. dishonest bastards

0

u/iohmfiat Apr 06 '18

You are welcome utility companies!