Bitcoin already uses more energy than the global financial system. First bans
Bitcoin alone uses more energy than the global financial system.
Mining and online speculation related to the most popular cryptocurrency already consume 140 TWh annually, while the global financial system 130 TWh.
This is more than the annual energy needs of all of Argentina or the Netherlands. Experts report that the lion's share of energy comes from burning fossil fuels, because the largest excavators, or data centers, are located in countries where oil and coal …