You are viewing a single comment's thread from:

RE: The last time we saw this sort of re-accumulation in BTC was at the end of 2016, you know what happened next...

in LeoFinance3 years ago

Somewhat, though the the correlation isn't as direct as you make it sound here. Regarding the total usage, those numbers don't concern me much for several reasons. One being that renewable sources are starting to account for more and more of this total usage. Not to mention that some of the byproducts, IE heat generated are being used for other purposes as well. Finally, the traditional banking system uses exponentially more electricity than the bitcoin network when you factor in all their brick and mortar stores as well as ATMs etc...