How does bitcoins power consumption compare to other financial institutions/exchanges? (ie banks, stock exchanges)
How does bitcoins power consumption compare to other financial institutions/exchanges? (ie banks, stock exchanges)
So recently in the news there has been some negative reporting bout bitcoins power consumption. "the Bitcoin network is consuming power at an annual rate of 32TWh—about as much as Denmark." arstechnica
The article makes this look like a bad thing by comparing it to Denmarks power consumption, But I'm wondering how bitcoins power consumption compares to A) other crypto currencies, B) to other financial instuments like The New York Stock Exchange, Nasdaq, or the the US banking system. I can't seem to find this information by googling.
How does bitcoins power consumption compare to other financial institutions/exchanges?
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