COINTELEGRAPH ANIMATED VIDEO ABOUT VALUECHAIN PAPER ON BITCOIN & BANKING ENERGY
Cointelegraph produced an animated video interview with Michel KHAZZAKA founder of Valuechain and author of the paper Bitcoin: Cryptopayments Energy Efficiency that compares Bitcoin energy consumption and efficiency with banking and payment industry.
You can find here the original publication on Cointelegraph: "Why banking uses at least 56 times more energy than Bitcoin".
Although some estimation are updated, the results remain the same Bitcoin uses less energy than banking by at least a factor of 10 up to 60 times less if newer ASIC miners were used. and with Lightning Bitcoin is hundreds of thousands of times more energy efficient than instant payments at a single transaction level.