What do you think about the facts about bitcoin and pollution? can this disadvantage repel future investors? are there any solutions for this problem?
A significant amount of miners in China use power that is generated from hydro plants, so bitcoin is not as polluting as people think, while hydro plants require to change the landscape in order to produce energy once all that is done is one of the cleanest forms of creating electricity so to make this assertion that bitcoin is polluting the planet seems to an exaggeration. 
Topic: Bitcoin and pollution - page 2. (Read 218 times)
Yes, BTC mining consumes a lot of energy and being that most countries participating in BTC depend largely on fossil fuel as energy source, it does create a negative climatic effect. However, I strongly think that BTC mining contribution levels are very minimal and our climate will still be less habitable if BTC miners completely use cleaner energy sources for mining operations.
It's all about changing to renewable energy. You can have the bitcoin network working renewable energy and everything is just fine!
Even with this, it's not fine, it's just that the power itself is coming from a better source -- though a massive amount of power is actually being used, it's just from a better source. So yes, Bitcoin is helping to increase pollution -- but it's nowhere near the amount that the largest polluters, cows and other livestock, put into the environment.
This is why other coins tout the ability to use less power though the only time this will matter is if bitcoin gains a global foothold.
That's why some groups of people who are using bitcoin want to change the algorithm from PoW to PoS mainly because of the increasing heat dissipation of mining rigs and the amount of power they needed to utilize in order to obtain bitcoins and maintain the integrity of the blockchain and second, to keep centralization away from bitcoin (which I don't think will be solved when we switched to PoS). Sooner or later, more greener alternatives would arise that generate electricity efficiently and cheaply. China's bitcoin farms benefit from that, from hydroelectric power plus the cool ambient temperature of their mountains that's why most large farms are situated in there. Using coal for electricity takes a huge amount of money in the long run and surely, mining operators would look for cleaner and cheaper alternatives around.
It's all about changing to renewable energy. You can have the bitcoin network working renewable energy and everything is just fine!
I agree but the problem is with the miners. We're not sure if they will care about this issue.
It's guaranteed that they will consume a lot of time building the platform for "renewable energy" (like in building a solar powered mining centers). That would also costs them more money considering the amount for maintenance of this green source. As a normal person, I doubt they'll choose the hard way.
It can be connected with mining as it eats up a lot of energy.
But when we compare it with fiat then it is more of a problem.
Paper from trees. Taking them all out just so to produce a good kind of paper.
It is all the same. We are the ones polluting this world. Why it would just have to be bitcoin in the center right?
But when we compare it with fiat then it is more of a problem.
Paper from trees. Taking them all out just so to produce a good kind of paper.
It is all the same. We are the ones polluting this world. Why it would just have to be bitcoin in the center right?
You are right, the link between bitcoin and pollution is in its mining activity. In an article, mentioned that in every mining activity can produce 24-40 tons of carbon dioxide. This could worsen the greenhouse effect.
Yea, it would get worse when coupled with fiat production that uses paper that is basically made from tree trunks processed. Must be sought the best solution to prevent the occurrence of increasingly heavy pollution.
It can be connected with mining as it eats up a lot of energy.
But when we compare it with fiat then it is more of a problem.
Paper from trees. Taking them all out just so to produce a good kind of paper.
It is all the same. We are the ones polluting this world. Why it would just have to be bitcoin in the center right?
But when we compare it with fiat then it is more of a problem.
Paper from trees. Taking them all out just so to produce a good kind of paper.
It is all the same. We are the ones polluting this world. Why it would just have to be bitcoin in the center right?
What do you think about the facts about bitcoin and pollution? can this disadvantage repel future investors? are there any solutions for this problem?
Yes, it really a serious problem for Miners and for the country also, as the electricity which is been used for bitcoin mining by the mining network is really high and this electricity can be used for some other purposes also if the consumption decreases to some extent. The solution for this is that we need to replace this electricity with renewable energy something like either Solar energy or Mechanical energy or we can also develop our processing systems and units by which we can start consuming lesser energy. I have found an article that shows you that Bitcoin mining consumes more electricity a year than Ireland. https://www.theguardian.com/technology/2017/nov/27/bitcoin-mining-consumes-electricity-ireland
Never thought about crypto and pollution but recently read an article about one single Bitcoin transaction using as much as electricity as a dishwasher over an entire year. See if I can find the article. And yes, a transition to renewable energy is vital. Not only for crypto but for mankind itself too.
It's all about changing to renewable energy. You can have the bitcoin network working renewable energy and everything is just fine!
What do you think about the facts about bitcoin and pollution? can this disadvantage repel future investors? are there any solutions for this problem?
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