It is somewhat true that bitcoin is consuming lots of energy in order to get mined and run its network, but there are alternatives too that are being developed daily to minimize this consumption and give more production in less energy.
but i dont think so that it will consume such a large amount of energy that will be question mark. i i will consume a negligible amount of energy for mining and even all the website. 
Topic: Bitcoin is Bad for the environment, taking the worlds energy - yes? (Read 4068 times)
June 27, 2016, 12:45:58 AM
It is somewhat true that bitcoin is consuming lots of energy in order to get mined and run its network, but there are alternatives too that are being developed daily to minimize this consumption and give more production in less energy.
June 26, 2016, 07:46:13 PM
Yeah bitcoin is taking lots of power energy of the world, somewhere it is very cheap and somewhere costs a lot, but we can say that because of bitcoin many people have been employed on maintaining those mining rigs in their mining farms. It is not bad for environment as fabrics.
agree with that,we can't mentioned that bitcoin bad for environment, i think paper money more bad for environment by consuming papper that made from wood,and wood has been cuted off illegally for it.
June 26, 2016, 04:26:41 PM
Yeah bitcoin is taking lots of power energy of the world, somewhere it is very cheap and somewhere costs a lot, but we can say that because of bitcoin many people have been employed on maintaining those mining rigs in their mining farms. It is not bad for environment as fabrics.
agree with that,we can't mentioned that bitcoin bad for environment, i think paper money more bad for environment by consuming papper that made from wood,and wood has been cuted off illegally for it. 
June 26, 2016, 01:55:14 PM
-snip-
Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
I think it is just for the Irish, and we can not deny the fact that bitcoin is a big help to the online community who wants to earn and make profit online. But I will stand for my belief that bitcoin is not bad for the environment compared other industry pollution.Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
June 25, 2016, 05:55:35 AM
Considering the amount of electricity needed in mining, one can say that bitcoin is using a lot of energy. considerations should be made in using renewable energy in bitcoin mining. relying on fossil fuels for electricity generation will not help much. Other forms of energy such as solar wind and even wave energy ( to be generated from sea waves) can be a very good alternative to help in bitcoin mining.
June 25, 2016, 05:36:14 AM
-snip-
Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
I think it is just for the Irish, and we can not deny the fact that bitcoin is a big help to the online community who wants to earn and make profit online. But I will stand for my belief that bitcoin is not bad for the environment compared other industry pollution.Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
June 24, 2016, 10:56:32 AM
Yeah bitcoin is taking lots of power energy of the world, somewhere it is very cheap and somewhere costs a lot, but we can say that because of bitcoin many people have been employed on maintaining those mining rigs in their mining farms. It is not bad for environment as fabrics.
June 24, 2016, 10:22:32 AM
-snip-
Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
I think it is just for the Irish, and we can not deny the fact that bitcoin is a big help to the online community who wants to earn and make profit online. But I will stand for my belief that bitcoin is not bad for the environment compared other industry pollution.Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
June 24, 2016, 10:18:24 AM
-snip-
Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
I think it is just for the Irish, and we can not deny the fact that bitcoin is a big help to the online community who wants to earn and make profit online. But I will stand for my belief that bitcoin is not bad for the environment compared other industry pollution. Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
June 24, 2016, 12:34:26 AM
(I think this should go in mining)
There has been a lot of talk on this. Quite a few good papers
https://karlodwyer.github.io/publications/pdf/bitcoin_KJOD_2014.pdf
From this paper: "Bitcoin mining is comparable to Ireland’s electricity consumption".
As bitcoin grows the amount of energy on the planet is not increasing. Anyone who understands the article, it seems very legitimate to me, discuss, Yes, I realize the miner wants to reduce cost & cut waste. Therefore they may seek alternative forms or desire to do so. Yes, I read about the Hydrofarmer on this very forum. It is just not the norm with all the major miners around the planet. Proof of work is expensive. https://en.bitcoin.it/wiki/Proof_of_work
**Title was sarcastic. But it is still something to think about?
There has been a lot of talk on this. Quite a few good papers
https://karlodwyer.github.io/publications/pdf/bitcoin_KJOD_2014.pdf
From this paper: "Bitcoin mining is comparable to Ireland’s electricity consumption".
As bitcoin grows the amount of energy on the planet is not increasing. Anyone who understands the article, it seems very legitimate to me, discuss, Yes, I realize the miner wants to reduce cost & cut waste. Therefore they may seek alternative forms or desire to do so. Yes, I read about the Hydrofarmer on this very forum. It is just not the norm with all the major miners around the planet. Proof of work is expensive. https://en.bitcoin.it/wiki/Proof_of_work
**Title was sarcastic. But it is still something to think about?
Does that mean as the world's population grows there'll be less energy per each of us? Or just for the Irish?
June 23, 2016, 07:37:51 PM
Bitcoin is not at all bad for environment. Only in terms of energy consumption it might be in the last but the innovation had given high security for the users in terms of earning and investment.
Bitcoin is quite a lot better than physical cash with respect to the environment, in my opinion. Taking up a small percentage of world energy is actually better than cutting down trees to make paper money and killing the lands and mining ores for making coins.
June 23, 2016, 03:40:00 PM
Bitcoin is not at all bad for environment. Only in terms of energy consumption it might be in the last but the innovation had given high security for the users in terms of earning and investment.
Bitcoin is quite a lot better than physical cash with respect to the environment, in my opinion. Taking up a small percentage of world energy is actually better than cutting down trees to make paper money and killing the lands and mining ores for making coins. 
June 23, 2016, 02:47:03 PM
bitcoin miners uses electricity which can be produced from renewable resources like solar panels and wend. so It does not pollute the earth at all. the electricity is not going to increase in the future because i think the mining difficulty will go down because more people will abandon mining
June 23, 2016, 02:21:00 PM
Compared to all the different forms of pollution in all the world including, carbon emissions, industrial waste, garbage, etc, etc, I would think bitcoin ranks low on the list. The same as far as energy consumption goes. I think much more energy is wasted from billions of people doing other less productive activities such as playing online video games, streaming videos, watching television all day and night, talking and texting on their phones and the list goes on and on.
June 23, 2016, 01:25:31 PM
i think every one has its own thinking. but for me i dont think that it is a fact. bitcoin is too good for environment. i think
June 23, 2016, 11:30:46 AM
(I think this should go in mining)
There has been a lot of talk on this. Quite a few good papers
https://karlodwyer.github.io/publications/pdf/bitcoin_KJOD_2014.pdf
From this paper: "Bitcoin mining is comparable to Ireland’s electricity consumption".
As bitcoin grows the amount of energy on the planet is not increasing. Anyone who understands the article, it seems very legitimate to me, discuss, Yes, I realize the miner wants to reduce cost & cut waste. Therefore they may seek alternative forms or desire to do so. Yes, I read about the Hydrofarmer on this very forum. It is just not the norm with all the major miners around the planet. Proof of work is expensive. https://en.bitcoin.it/wiki/Proof_of_work
**Title was sarcastic. But it is still something to think about?
lets disscuss about effect of bitcoin and money to environment life cycle,we know bitcoin spent many power with electricity based,and mine bitcoin of course take not small amount of power,its why bitcoin mining should not become a self own,i think better if group or team who legally can mine bitcoin. There has been a lot of talk on this. Quite a few good papers
https://karlodwyer.github.io/publications/pdf/bitcoin_KJOD_2014.pdf
From this paper: "Bitcoin mining is comparable to Ireland’s electricity consumption".
As bitcoin grows the amount of energy on the planet is not increasing. Anyone who understands the article, it seems very legitimate to me, discuss, Yes, I realize the miner wants to reduce cost & cut waste. Therefore they may seek alternative forms or desire to do so. Yes, I read about the Hydrofarmer on this very forum. It is just not the norm with all the major miners around the planet. Proof of work is expensive. https://en.bitcoin.it/wiki/Proof_of_work
**Title was sarcastic. But it is still something to think about?
June 23, 2016, 10:48:16 AM
I think the effect of mining is to increase the hot of the places.. This is the only i think the effect of asic miners the more power consumption the more hot you will get in your places.. unless if you have an aircon..
June 23, 2016, 10:35:31 AM
Mining is not forever. Once 21 million bitcoins are already mined, mining will stop. So it could hardly affect world's energy for now. 
Oh, no. Mining will still continue, albeit with no block rewards.The only way for miners to profit would be to take in transaction fees. At that time, I think transactions without a fee will never be confirmed, unless there's a contract to do so.
Oh! OK I get it. Miners are the ones confirming transactions. So mining will still continue..
June 23, 2016, 09:58:11 AM
Bitcoin is not at all bad for environment. Only in terms of energy consumption it might be in the last but the innovation had given high security for the users in terms of earning and investment.
Yes, it was only for the use of the bitcoin in internet. However, for the use of the bitcoin in terms of mining, I think it would be bad for the environment, for mining bitcoin requires considerable electrical energy and it will increasingly grow in line with the more difficult it is to mine the bitcoin. But it will have no effect when there is the best innovation in mining
Jump to: