Re: cost of real money?
So even if every single kWh of electricity in Ireland was used to support the currency / banking network, it would be 8.5x more efficient than Bitcoin.
you are missing the point of how bitcoin works.... the amount of electricity used is not just to support transactions but for mining new coins as well, so in your calculations you need to take into account the cost of not only banking transactions, but the cost of making bank notes and coins, distributing them and replacing them as well as the gold value that sterling is an equivalent to...
Biting the hand that feeds IT
