Bitcoin mining likely uses more energy than it takes to keep New Zealand's lights on

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"A supporter of Bitcoin, Carlos Domingo, hit back with a calculation suggesting that the entire global financial system uses about 100TWh per year, or three times as much as the Diginconomics estimate for Bitcoin... [but] the global financial system serves the entire world. By contrast, the number of active Bitcoin investors has been estimated at 3 million." That makes normal systems 1000 times more efficient.


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