Sorry, but the bitcoin &quot;wasted power&quot; is just a NON-ISSUE right now.<p>World wide standby power waste must be 1000 times more than what bitcoin uses - world wide power usage ~17TWH, 1% standby power waste =&gt; 170GWH.<p>I&#x27;m pretty sure that all the power dedicated by the banks to perform the same opperations as bitcoin (people driving to work, office building power, air conditioning, datacenters power, and so on) is signifficantly more than 40MWH.<p>So, just the global standby power waste is orders of magnitude greater than what bitcoin uses, and banks probably use a lot more power to perform the same opperations as bitcoin does.<p>If you pay a 1$ fee to a bank or a bitcoin fee, that 1$ will recirculate back into the economy.
The difference is the banks are a lot more inefficient and are such human resources hogs because of their exclusive right to create money out of thin air.