By the way in the spring, the new cryptocurrency EDRCoin was introduced in the Asian market. A distinctive feature of the EDRC creators call environmentally friendly mining, achieved through the use of solar panels.
Maybe someone knows if mining Bitcoins can move to solar energy? Or the power will not be enough even for a small farm?
Topic: Bitcoin is Bad for the environment, taking the worlds energy - yes? - page 3. (Read 4068 times)
June 22, 2016, 01:23:42 AM
June 21, 2016, 11:49:02 PM
No I do not think this is true, and by the way what is not bad these days, they are saying everything is wrong for the world but otherwise we cannot even life.
June 21, 2016, 09:44:59 PM
Do any of the climate scientists in this thread who are actually contemplating the relative "waste" of Bitcoin mining even know what the so-called waste constitutes? i.e. do you know what the miners are doing and why they're doing it? It's fairly evident you cannot while arguing such positions, you know zero about Bitcoin mining, and zero about climate science also. Concerning.
Climate Scientists seems to be too mainstream for signature posters.Welcome to Bitcointalk, where there is no mind below average,only human rejects from normal world with high IQ constitute the 90% population of the forum.Matter of fact,bitcoin mining doesn't have an adverse effects on the environment.If it does,so does gaming/data servers/SuperComputing.The logic completely fails here,I may agree with the sound pollution part ,but hey we are in 2016, people are more prone to ear cancer by continues stuffing of ear buds of different shapes playing hardcore lesbian funk bass psy music. June 21, 2016, 09:30:19 PM
I think, For Bitcoin working does not require any additional business processes in addition Blockchain. We do not need any documents and employees, burning gasoline on the way to work, and there is no waste, as a result of the turbulent employment office workers. All this makes the carbon footprint of BTC equal to or even lower than that of competing payment systems.
where I fully like and support bitcoin and its cost effectiveness
one thing I can think of not related directly to enviornment issues , are the jobs it could also destroy ,it takes people working to create that paper, garbage people to haul and remove it, office workers to run banks, and numerous more in other fields affected, if it was the only means of transaction when moneys involved there probably would be millions more in the unemployment lines
June 21, 2016, 05:33:15 AM
absolutely wrong justify your statement,
June 21, 2016, 05:27:17 AM
yes maybe. Mining is consuming much energy in the future. But we can use alternative energy like solar panel to reduce the energy consumption of the mining machines.
June 21, 2016, 05:09:00 AM
Do any of the climate scientists in this thread who are actually contemplating the relative "waste" of Bitcoin mining even know what the so-called waste constitutes? i.e. do you know what the miners are doing and why they're doing it? It's fairly evident you cannot while arguing such positions, you know zero about Bitcoin mining, and zero about climate science also. Concerning.
June 21, 2016, 03:26:34 AM
I think, For Bitcoin working does not require any additional business processes in addition Blockchain. We do not need any documents and employees, burning gasoline on the way to work, and there is no waste, as a result of the turbulent employment office workers. All this makes the carbon footprint of BTC equal to or even lower than that of competing payment systems.
June 20, 2016, 11:38:03 PM
I searched in google how much electricity btc mining use in the world, and all I found is bunch of unproven theories and calculations.
Can we even calculate how much electricity is made everyday in the world, and how many percents goes on btc mining? I couldn't find some precise information about that.
I don't think so since anyone can use any kind* of hardware to mine bitcoins. Some may be using a prototype 8nm chip while others may be using a computer being run from a diesel generator.Can we even calculate how much electricity is made everyday in the world, and how many percents goes on btc mining? I couldn't find some precise information about that.
We can't really estimate it unless we get some numbers from all major manufacturers of mining hardware including graphics card manufacturers.
Then, we have to sort it out to see which ones are actually mining especially for graphics card statistics.
June 20, 2016, 08:16:06 PM
I searched in google how much electricity btc mining use in the world, and all I found is bunch of unproven theories and calculations.
Can we even calculate how much electricity is made everyday in the world, and how many percents goes on btc mining? I couldn't find some precise information about that.
Can we even calculate how much electricity is made everyday in the world, and how many percents goes on btc mining? I couldn't find some precise information about that.
June 20, 2016, 03:11:39 PM
no absolutly wrong. it is not so i think,
June 20, 2016, 02:59:22 PM
Bitcoin is good for the environment... all those natural resources just waiting for someone to buy them in the form of electricity. Also, it helps the economy to keep moving. I mean, there is way more energy around than anyone could think of using. Energy shortage propaganda is simply a demand for higher prices by the suppliers.
June 20, 2016, 02:51:06 PM
(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?
Bitcoins transactions are impossible without miners, who have computers that consume electricity.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?
But, I think that solution will be found in renewable energy, or something like this.
June 20, 2016, 02:21:58 PM
I agree that Bitcoin mining is a waste of energy. There could be much more efficient systems in place.
However, Bitcoin is already so big and accepted it will be a challenge to implement something better. We can't even increase the block size.
However, Bitcoin is already so big and accepted it will be a challenge to implement something better. We can't even increase the block size.
June 20, 2016, 01:45:53 PM
What ever happened to that new bitcoin mining technology in India that was supposed to reduce time and power solving blocks? I don't remember the specifics, it made more educated guesses is what I remember gleaning from the article. Was coindesk or one of those.
June 20, 2016, 01:38:55 PM
I don't agree with this and I encourage to make every one realize that btcoin is good for environment since it is taking less energy than banks or other factories and it's users send peacefully more time in one place rather than moving here or there and using vehicles and causing pollution thus bitcoin has all plus in it always.
I think the banks will use much more energy than the bitcoin. They have many buildings and computer and employees. These all cost energy.
June 20, 2016, 01:35:10 PM
You really think other financial institutions use less electricity than Bitcoin on a daily basis? If you take fiat currencies for instance... The resources to manufacture and to get the raw material to print and
mint coins are already a concern, add to that the servers running to keep the private ledgers going on bank data centers and also every computer and printer being used within the banks.. the lights and
the security equipment etc.. etc.. Bitcoin use far less electricity than any other fiat currency out there.
mint coins are already a concern, add to that the servers running to keep the private ledgers going on bank data centers and also every computer and printer being used within the banks.. the lights and
the security equipment etc.. etc.. Bitcoin use far less electricity than any other fiat currency out there.
Very well said. This bitcoin hater (not talking about OP) that were afraid of Bitcoin overthrowing them make different nonsense arguments. They are pointing their fingers to others when they, themselves are the culprit or more guilty. Throwing accusation to other is the best means of other people to hide what is really the truth
They can't stop BTC in some area, so they are finding other area where they can pin BTC and now, it's the energy used issue. LOL 
June 20, 2016, 11:54:55 AM
Yeah bitcoin is taking the world energy and make the environment worse because of mass electricity are used for bitcoin transaction and mining. But all the banks also use more electricity to be able to do all the transactions. And then money paper needs many papers and they're from our forest 
. I think everything in this world needs energy, but we can find a way to reduce the energy consumption with solar power plant that the others said about.
. I think everything in this world needs energy, but we can find a way to reduce the energy consumption with solar power plant that the others said about.Agreed, true that it affects our nature by using or taking bitcoins.
June 17, 2016, 02:59:38 PM
Bitcoin is a far better form a money when it comes to the environment than any other form of currency. If you measure the actual energy (in joules, in a physics sense), Bitcoin uses less overall due to the transactions and generation being combined together in one action, mining (and supplementary nodes).
There isn't any gas or coal or oil burned aside from that which generates electricity (which could be further mitigated through fusion energy), as opposed to the machines required to physically mine or print money.
There isn't any gas or coal or oil burned aside from that which generates electricity (which could be further mitigated through fusion energy), as opposed to the machines required to physically mine or print money.
June 17, 2016, 02:56:13 PM
You really think other financial institutions use less electricity than Bitcoin on a daily basis? If you take fiat currencies for instance... The resources to manufacture and to get the raw material to print and
mint coins are already a concern, add to that the servers running to keep the private ledgers going on bank data centers and also every computer and printer being used within the banks.. the lights and
the security equipment etc.. etc.. Bitcoin use far less electricity than any other fiat currency out there.
mint coins are already a concern, add to that the servers running to keep the private ledgers going on bank data centers and also every computer and printer being used within the banks.. the lights and
the security equipment etc.. etc.. Bitcoin use far less electricity than any other fiat currency out there.
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