Post
Topic
Board Altcoin Discussion
Re: Crypto and energy consumption
by
dhemasm
on 09/06/2021, 06:58:42 UTC
Just want to put this out there. What is the problem with crypto mining and energy consumption? Yes, I know you'll raise environment concerns, I get it.
Well, comparing to centralized system especially on Financial sector it cost much higher rather than crypto mining, From some article Banks consume 4x higher rather than crypto mining especiall Mining. Read more here; https://medium.com/@zodhyatech/which-consumes-more-power-banks-or-bitcoins-8302750fe2bc
Shouldn't we concentrate our efforts on using clean renewable energy, rather than restrict our use of it?
That's a difficult thing, Crypto and Blockchain are prohibited not because of energy consumption but because banks or centralized systems are afraid of losing their monopoly role (My personal assumption), What do you think guys?