It's more than mining; it's processing transactions. Also, it seems impossible to me that Bitcoin uses even that much energy in relation to gold mining and banking.
That is impossible to compare the two assets while the central banks artificially manipulate precious metal industry by overselling non-parity metal EFTs;
I know what you mean though. Hard to think that running big mining machines and then harvesting many many metric tons of gold dirt in order to get a few ingots.
ALso, keep in mind that there are some newer ways of mining that use nuclear power, and that greatly changes the cost of energy (vastly cheaper energy ) this is technology innovated by subs and boring machines
It's more than mining; it's processing transactions. Also, it seems impossible to me that Bitcoin uses even that much energy in relation to gold mining and banking.
That is impossible to compare the two assets while the central banks artificially manipulate precious metal industry by overselling non-parity metal EFTs;
I know what you mean though. Hard to think that running big mining machines and then harvesting many many metric tons of gold dirt in order to get a few ingots.
ALso, keep in mind that there are some newer ways of mining that use nuclear power, and that greatly changes the cost of energy (vastly cheaper energy ) this is technology innovated by subs and boring machines
What two assets are you talking about?