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We had briefly mentioned that the total energy consumption from banking operations and the process of printing/minting money, probably eclipsed that of BTC by a large percentage. By guesstimating the amount of machines and moving parts involved in the money printing/minting process, we had a feeling that paper money consumed more energy to create. There was also the aspect of maintaining operations at all banking offices and branches across the globe – this includes lighting, running computers and other machines, ATM operations, just to name a few.

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