Bitcoin consuming too much Electricity. - page 9.

k_kuchkarov

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Quote from: Pain Packer on January 13, 2018, 12:41:53 AM

I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?

Why should miners do this?
That we are bald or what?
I do not understand, Let the investors who hold the bitcoins, translate and trade it, do it!
Since the miners are working for them! Cheesy

player514

legendary

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Quote from: Pain Packer on January 13, 2018, 12:41:53 AM

I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?

Well, even if you're to use some renewable energy source, you deal with heat pollution. That's something that's not as environmentally friendly especially when taking into account global warming. People have found some cool ways to get by this, so if you can combine that with power like wind energy, etc., you can get pretty meaningful results. I think people in Russia have actually done this too, so you can look into that if you're trying to do research into it.

HabBear

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Quote from: Pain Packer on January 13, 2018, 12:41:53 AM

I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?

This is a great idea! But is it in the spirit of Bitcoin? Bitcoin is something that creates and supports and celebrates a free market. That means that people are free to do what they will with what they have, with the underlying assumption that they aren't causing severe harm to others.

Miners should absolutely consider renewable energy, particularly where it will save them money on the cost of electricity. If we want miners to ONLY use renewable energy, we need to make renewable energy cheaper than all other forms of energy.

emuLOAD

sr. member

Activity: 328

Merit: 252

Quote from: Feduk on January 13, 2018, 01:52:10 AM

Some say that mining should be banned because of carbon dioxide emissions.
So I agree with topic starter: miners should invest on renewables, and also buy energy efficient asics (Bitmain for example)

Why so you think miners are mining with anything but the most efficient stuff they can put their hands on?

Quote from: datodota002 on January 13, 2018, 01:45:30 AM

That true, miners should do start invest on renewable energy to run their mining. because as we now mining bitcoin use a lot of VGA and that VGA consume a lot of electricity energy. and that's mean electricity company would use more fossil fuels to produce electricity. in my opinion large crypto minner should have own electric source independently that separate form civilan electrity. and that independent electric source should be renewable energy.

VGA? Seriously, before commenting on a topic, make sure you at least have a basic understanding of the matter!

Feduk

member

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Some say that mining should be banned because of carbon dioxide emissions.
So I agree with topic starter: miners should invest on renewables, and also buy energy efficient asics (Bitmain for example)

senin

full member

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Talking about the fact that Mining Bitcoin consumes too much energy, this problem is far-fetched. Miners pay for consumed energy, but it is enough to provide all the inhabitants of the planet. The energy of the sun and the wind is enough for everyone. If some countries, such as Canada and Belarus, invite bitcoin miners to their country, then such a problem does not exist.

emuLOAD

sr. member

Activity: 328

Merit: 252

Quote from: Destroyeroff98 on January 13, 2018, 01:49:43 AM

This will not only reduce the impact of Bitcoin on the environment. This will also increase the income at the Mining.

How would spending more money on energy increase income?

zhangfeng666

newbie

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Digging up bitcoin will consume a lot of power, and people think it's useless, it's a waste of resources, so many people resist it.

Destroyeroff98

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Quote from: Pain Packer on January 13, 2018, 12:41:53 AM

I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?

This will not only reduce the impact of Bitcoin on the environment. This will also increase the income at the Mining.

datodota002

full member

Activity: 224

Merit: 101

Quote from: Pain Packer on January 13, 2018, 12:41:53 AM

I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?

That true, miners should do start invest on renewable energy to run their mining. because as we now mining bitcoin use a lot of VGA and that VGA consume a lot of electricity energy. and that's mean electricity company would use more fossil fuels to produce electricity. in my opinion large crypto minner should have own electric source independently that separate form civilan electrity. and that independent electric source should be renewable energy.

VitKoyn

full member

Activity: 490

Merit: 106

Quote from: Pain Packer on January 13, 2018, 12:41:53 AM

I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?

I agree that miners should start using renewable energy source but there are also disadvantage of using it which I think why cryptocurrency miners don't want to use renewable energy, like it is hard to generate amount of electricity compared on how much can fossil fuel generate and cryptocurrency mining consumes huge amount of electricity which I don't know if it is enough for miners to make mining effective. And also renewable energy rely on weather so if you are using solar power and it is rainy season your supply of electricity will not be enough. But it is still a good idea to have an alternative source of electricity.

coinsclone

newbie

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Yes, Bitcoin mining takes too much of electricity. Bitcoin Miners will use the other renewable resource like the solar panel to mine the bitcoin.

11:11pas

jr. member

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Fun of WINBIX sales system winbix.io

Quote from: Pain Packer on January 13, 2018, 12:41:53 AM

I think miners should start investing in the renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on the environment?

Yes, I agree the Bitcoin is indeed too wasteful and many use electrical power. And in my opinion, because of all that pertain to electronic tools should be using Bitcoin.

Dapper

sr. member

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May as well stop flying/tourism around the world too.

xiaozhang11

newbie

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Right, dig the currency consumes too much energy, this is also one of the reasons many people boycott of COINS, they don't think the currency use, also a waste of energy, so as to promote people to resist the currency

tannerchum

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Semi-Decentralized Exchange

It is not consuming too much Electricity because bitcoin is not an appliances it is just a process of acticity through system in network or it is just a navigation process of your opinions. When you applied, you are ascertaining positions but it is a step by step process. So no reason at all that it consumes too much elctriciy because we use electricty daily and it is common used by all.

emuLOAD

sr. member

Activity: 328

Merit: 252

uhm, fossil fuel energy isn't going anywhere anytime soon...

lunaalthea

member

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Soon one of the best electricity source (fossil fuel) will be gone, and we will have to rely on other means of electricity source. People who mine should really be able to find a sustainable source to lessen the damage.

emuLOAD

sr. member

Activity: 328

Merit: 252

First of all, "too much electricity" for who? What makes it too much?

But, perhaps more importantly, miners will Always move towards efficiency. They have the strongest incentive of any industry to minimize energy consumption. They generally speaking run the most efficient hardware in the world for what they are doing.

What makes you say that the energy consumed is too much?

aji567

member

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I think if bitcoin mining uses a lot of vga and many other devices so that the required electricity is quite wasteful.

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