Tag: Energy

BitCoin Proof of Work is Still an Energy King?

BitCoin Proof of Work is Still an Energy King?

According to this reference there are 30,000 banks in the world. https://www.quora.com/How-many-banks-are-there-in-the-world-1 Let’s assume that each bank has an average of 3000 employees. This makes 30,000 x 3000 = 90 million employees. First question: How much electricity the 30,000 banks consume per year? Second question: How much energy 90 million employees waste for securing funds…