The total consumption of the banking system is estimated at a total of 238.83 Terawatt hours per year. While the entire Bitcoin network consumes Whatsapp Number List only 113.89 Terawatt hours per year. One thing remains certain: the Bitcoin network consumes a lot of energy anyway. It is therefore always worth considering how we can use and optimize these types of systems as efficiently as possible. Is the Bitcoin network worth all this energy?
Another question we can ask ourselves is: is the Bitcoin network worth all this energy? The decentralization and security that you get in return naturally weigh heavily. On the other hand, almost all new developments Whatsapp Number List cost energy. For example, a common argument is that Tesla cars also consume more energy than a standard car, and therefore would be bad for the environment. However, most know that electric cars emit much less CO2 than a normal car. Tesla tries to solve a problem through innovation. Namely, excessive CO2 emissions.
Bitcoin seeks to do the same with the current monetary system. Whether Bitcoin is ultimately the solution remains the question, of course. So it is Whatsapp Number List and remains a difficult situation that the best computer geniuses deal with on a daily basis. Image with electric cars and energy. What is the alternative? Since Bitcoin turns out not to be as bad as was thought, the fact remains that the entire network consumes a huge amount of energy. How can we solve this in the future?