Quote from: Xavofat on September 14, 2018, 05:50:27 PM

Quote from: Kemarit on September 14, 2018, 04:52:19 PM

But did you know that banking consumes an estimated 100 terrawatts of power annually?

The power consumption of banks isn't really comparable to the power consumption of Bitcoin unless you factor in the amount of transactions conducted with each service. Considering that even in its current state Bitcoin takes up a pretty serious amount of power by all credible estimates, it would be a massive guzzler if it was more widely used.

Really? So in your opinion if suddenly ten million people joined the crypto space and started to send transactions on regular basis the power consumption of BTC miners would skyrocket? It doesn't work like that. The blocks are being mined regardless of whether your transaction occupies the space or not! If there's too many transactions you will have to wait a little longer or pay more, but it won't mean that someone somewhere will have to plug in another antminer to make sure you're being served.