Comparison of energy consumption between ripple, bitcoin and Visa Visa XRP wins on mining costs

One of the biggest criticisms against Bitcoin was the energy-intensive Proof Of Work algorithm. Only the sentence & # 39;Crypto-MiningIt's synonymous with operations that have a high energy consumption. However, the mining industry remains the backbone of the crypto industry.

After an intensive scientific study conducted by Standford & Stockholm University to determine the most ecological currency, it emerged that in terms of energy consumption rate, Ripple (XRP) is the most sustainable and most competent currency.

An intensive study of Standford and Stockholm University concluded that when we talk about energy consumption, XRP is the most sustainable and energy efficient currency. The study was conducted between four different currencies, namely Bitcoin (BTC), Ethereum (ETH) and Visa. The samples of their annual electricity consumption showed that Bitcoin consumed more, with a maximum of 26.05 TWh, Ethereum 9.68 TWh, VISA 0.54 TWh while Ripple (XRP) consumed less energy with 0.0005361TWh.

In contrast with Bitcoin and Ethereum, Ripple uses Proof-of stake (Pos), which does not use much energy. Furthermore, the use of XRP is advantageous because it does not have high transaction fees.

To get a better perspective of these numbers, the total electricity consumed by XRP can power some fifty homes in the United States, while Bitcoin can do it for about 3 million homes. The study also showed that the total cost obtained in energy used in the year marks a big difference between the three. XRP only costs USD 64,000 while Bitcoin costs USD 3 billion and Visa USD 64 million a year.

Ethereum registered $ 1.16 billion for the year and 2.45 per transaction. Cost of mining Ripple it's surprisingly very low, at $ 0.000136 per transaction. BTC emits 144 pounds of CO2 per transaction, Visa emits 0.00794 pounds of CO2 per transaction, while Ripple emits only 0.0000138 pounds of CO2 per transaction.

Summing up the research, XRP is the most environmentally friendly cryptocurrency that consumes less than normal VISA transactions.