How can a company that declares is wants to move of ICE and Fossil Fuels for climate reasons back Bitcoin or any crypto? A Google search of energy usage is 1 BitCoin transaction is 660 KWHs. A Model 3 could go over 2500 miles! World usage of energy for Bitcoin is like the same carbon footprint as a year for ALL of New Zealand.
1 BitCoin transaction is the same energy as 694,893 Visa transactions.
Am I missing something? Seems like a company that is pushing the world to green energy would not be using a 'money' that is SO energy intensive compared to cash or existing credit.
Where is the error in my logic?
1 BitCoin transaction is the same energy as 694,893 Visa transactions.
Am I missing something? Seems like a company that is pushing the world to green energy would not be using a 'money' that is SO energy intensive compared to cash or existing credit.
Where is the error in my logic?