Banking system consumes two times more energy than Bitcoin: Research

Assuming all the underlying assumptions are correct, isn’t this still comparing apples to oranges? Bitcoin does around 250k transactions per day [1] compared to credit cards doing ~1 billion [2]. And Bitcoin will only get less efficient.<p>[1]. <a href="https:&#x2F;&#x2F;ycharts.com&#x2F;indicators&#x2F;bitcoin_transactions_per_day" rel="nofollow">https:&#x2F;&#x2F;ycharts.com&#x2F;indicators&#x2F;bitcoin_transactions_per_day</a> [2]. <a href="https:&#x2F;&#x2F;www.cardrates.com&#x2F;advice&#x2F;number-of-credit-card-transactions-per-day-year&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.cardrates.com&#x2F;advice&#x2F;number-of-credit-card-trans...</a>

Although the banking system is rife with flaws as well, it does all the worlds transactions and isn&#x27;t an inherent pyramid Ponzi scheme.

This is really comparing apples to apple carts.<p>The &quot;research&quot; narrowly defines Bitcoin energy consumption to include mining and node operation, but broadly defines banking industry energy usage to include even things like branch offices and ATMs.<p>A surprised Pikachu gif should really accompany their conclusion that the global financial industry consumes more energy the bitcoin mining and nodes.