Topic: Bitcoin is environmental menace! BTC miners are carbon terrorists! - page 3. (Read 1321 times)
March 06, 2022, 09:00:13 PM
Bitcoin mining is turning green. But the point is, what is not an environmental menace nowadays? Your food is an environmental menace. Your clothes are an environmental menace. Your gadgets are an environmental menace. Your house, furniture, car, bicycle, lamp, carpet, and everything else are an environmental menace. Your hobby is an environmental menace. You know what, humans are an environmental menace. But, again, Bitcoin is turning green.
March 06, 2022, 08:48:05 PM
This Shit Vision scammer had gone off the radar for some time. Looks like its back again with the same old agenda. The BSV scammers definitely have a very well-paid PR team. Despite getting shat upon almost everywhere including twitter, they seem to have a knack for making up new websites to give BSV a veneer of being legit.
I wonder if its the same person behind the account now or just another paid sock-puppet posting his lying master's bullshit.
After failing to convince anyone of the legitimacy of BSV, they seem to want to play the environment card. Well, at scaled TPS, every PoW crypto will be the same. Even if changes are made, they can be incorporated into Bitcoin. Nobody needs a scammer like CSW to tell the community what to do or believe in. The community chose a long time ago when every respectable figure rejected BSV and that scammer.
Just take your shit away.
LOL. I wonder if its the same person behind the account now or just another paid sock-puppet posting his lying master's bullshit.
After failing to convince anyone of the legitimacy of BSV, they seem to want to play the environment card. Well, at scaled TPS, every PoW crypto will be the same. Even if changes are made, they can be incorporated into Bitcoin. Nobody needs a scammer like CSW to tell the community what to do or believe in. The community chose a long time ago when every respectable figure rejected BSV and that scammer.
Just take your shit away.
We are helping to protect environment offering green alternative of BTC
BSV - is a green alternative
March 06, 2022, 01:47:11 PM
This Shit Vision scammer had gone off the radar for some time. Looks like its back again with the same old agenda. The BSV scammers definitely have a very well-paid PR team. Despite getting shat upon almost everywhere including twitter, they seem to have a knack for making up new websites to give BSV a veneer of being legit.
I wonder if its the same person behind the account now or just another paid sock-puppet posting his lying master's bullshit.
After failing to convince anyone of the legitimacy of BSV, they seem to want to play the environment card. Well, at scaled TPS, every PoW crypto will be the same. Even if changes are made, they can be incorporated into Bitcoin. Nobody needs a scammer like CSW to tell the community what to do or believe in. The community chose a long time ago when every respectable figure rejected BSV and that scammer.
Just take your shit away.
I wonder if its the same person behind the account now or just another paid sock-puppet posting his lying master's bullshit.
After failing to convince anyone of the legitimacy of BSV, they seem to want to play the environment card. Well, at scaled TPS, every PoW crypto will be the same. Even if changes are made, they can be incorporated into Bitcoin. Nobody needs a scammer like CSW to tell the community what to do or believe in. The community chose a long time ago when every respectable figure rejected BSV and that scammer.
Just take your shit away.
March 06, 2022, 12:21:25 PM
Bitcoin mining is actually worse for the environment since China banned it, a new study says
https://www.euronews.com/next/2022/02/26/bitcoin-mining-was-actually-worse-for-the-environment-since-china-banned-it-a-new-study-sa
Quote
Despite a crackdown on Bitcoin in China last year, mining the largest cryptocurrency actually got much dirtier and emits around the same amount of CO2 annually as a country the size of Greece, a new study shows.
The joint study, titled Revisiting Bitcoin's Carbon Footprint, showed that the share of renewable electricity sources that fuel the Bitcoin network may have decreased from an average of 41.6 per cent in 2020 to 25.1 per cent in August 2021.
It also showed Bitcoin could be responsible for 65.4 megatonnes of CO2 annually, which is comparable to country-level emissions in Greece.
In May 2021, Chinese authorities ordered a crackdown on crypto mining and trading and regulators banned financial institutions from offering services related to cryptocurrencies.
As a result, many miners fled to Kazakhstan and the United States.
One of the reasons for the decline in renewable energy sources powering Bitcoin mining is because the Bitcoin network no longer had access to hydropower from the Chinese provinces of Sichuan and Yunnan, said Alex de Vries, one of the authors of the study and a researcher at the School of Business and Economics at the Vrije Universiteit in Amsterdam.
"The reason why they had that amount of renewables was because within China, they could move around and they could get hydropower during the summer months and then in the winter months, they would be using coal," he told Euronews Next.
The joint study, titled Revisiting Bitcoin's Carbon Footprint, showed that the share of renewable electricity sources that fuel the Bitcoin network may have decreased from an average of 41.6 per cent in 2020 to 25.1 per cent in August 2021.
It also showed Bitcoin could be responsible for 65.4 megatonnes of CO2 annually, which is comparable to country-level emissions in Greece.
In May 2021, Chinese authorities ordered a crackdown on crypto mining and trading and regulators banned financial institutions from offering services related to cryptocurrencies.
As a result, many miners fled to Kazakhstan and the United States.
One of the reasons for the decline in renewable energy sources powering Bitcoin mining is because the Bitcoin network no longer had access to hydropower from the Chinese provinces of Sichuan and Yunnan, said Alex de Vries, one of the authors of the study and a researcher at the School of Business and Economics at the Vrije Universiteit in Amsterdam.
"The reason why they had that amount of renewables was because within China, they could move around and they could get hydropower during the summer months and then in the winter months, they would be using coal," he told Euronews Next.
https://www.euronews.com/next/2022/02/26/bitcoin-mining-was-actually-worse-for-the-environment-since-china-banned-it-a-new-study-sa
February 27, 2022, 08:27:31 AM
Looking at Bitcoin and comparing to other digital assets based on CO2 emissions and the amount of energy used for hashing, BSV is the overall greenest.
Power consumption is the price you pay for security. And this is the alternative price you pay if you don't have a secure network. I know which one I'd rather have.
Arguably, transacting on weak and insecure blockchains is a bigger waste of energy. Like squandering money constructing something expensive on a known sinkhole or bog. BSV scamcoin is an utter waste of time/effort/energy/money. Not green in the slightest. It's basically just pissing resources up the wall to talk a big game when you aren't actually achieving anything (aside from painting a target on your arse).
Not to mention the part where the entire scamcoin project is part of an ongoing fraud to support a renowned identity thief who has declared war on this very community. You and all your supporters are scum.
February 27, 2022, 04:33:34 AM
Tesla’s Kimbal Musk says company was ‘very ignorant’ of environmental impact of its Bitcoin purchase
In an interview with TechCrunch onstage at the Ethereum Denver conference, Tesla board member Kimbal Musk, brother of CEO Elon Musk, said that the company had been “very ignorant” of the environmental impact of Bitcoin when it announced last year that it would purchase $1.5 billion worth of the cryptocurrency and would plan to allow owners to purchase the company’s vehicles with the currency.
“When we invested in Bitcoin, we were very ignorant. We had no idea of the environmental impact, we literally didn’t know, we were like this seems like a good store of value and a good way to diversify assets. And of course, it didn’t take very long to get a million — I’m not kidding probably a million — messages telling us what we were doing to the environment,” said Kimbal Musk, in an interview with this reporter. “And of course, our company is about creating alternative energy futures so we really were not informed enough when we made that decision.”
Kimbal Musk says that while Tesla “didn’t necessarily regret” its Bitcoin purchase, he hopes that the broader blockchain industry can move to more environmentally friendly infrastructure, noting that his own philanthropic organization Big Green had embraced a crypto-native DAO governance structure operating on a less energy-intensive blockchain.
“I really do not agree with the environmental impact of crypto, but I love what it does.” Kimbal Musk said onstage. “So we’ve just got to figure out how to do it without the environmental impact…. it’s simply not an option to have this environmental impact.”
Tesla’s decision to buy Bitcoin last year prompted a major bull run for the cryptocurrency, though that surge was famously reversed months later by the company’s announcement that while it did not immediately plan to sell its Bitcoin, it would no longer be accepting Bitcoin as payment for vehicle purchases.
“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment,” Elon Musk wrote, partially, in a tweet last May. “Tesla will not be selling any bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy.”
While there is still plenty of missing data around how heavily the Bitcoin mining network relies on renewable energy sources, it is clear just how significant the network’s energy usage is. Estimates from Digiconomist‘s energy tracker suggest that the total annualized energy footprint of Bitcoin’s mining operations has nearly doubled since Musk’s tweet last May. The Bitcoin network contributes as much carbon to the atmosphere as the country of Kuwait does on an annual basis according to the site’s estimates.
Kimbal Musk has served on Tesla’s board since 2004.
https://techcrunch.com/2022/02/23/teslas-kimbal-musk-says-company-was-very-ignorant-of-environmental-impact-of-its-bitcoin-purchase
In an interview with TechCrunch onstage at the Ethereum Denver conference, Tesla board member Kimbal Musk, brother of CEO Elon Musk, said that the company had been “very ignorant” of the environmental impact of Bitcoin when it announced last year that it would purchase $1.5 billion worth of the cryptocurrency and would plan to allow owners to purchase the company’s vehicles with the currency.
“When we invested in Bitcoin, we were very ignorant. We had no idea of the environmental impact, we literally didn’t know, we were like this seems like a good store of value and a good way to diversify assets. And of course, it didn’t take very long to get a million — I’m not kidding probably a million — messages telling us what we were doing to the environment,” said Kimbal Musk, in an interview with this reporter. “And of course, our company is about creating alternative energy futures so we really were not informed enough when we made that decision.”
Kimbal Musk says that while Tesla “didn’t necessarily regret” its Bitcoin purchase, he hopes that the broader blockchain industry can move to more environmentally friendly infrastructure, noting that his own philanthropic organization Big Green had embraced a crypto-native DAO governance structure operating on a less energy-intensive blockchain.
“I really do not agree with the environmental impact of crypto, but I love what it does.” Kimbal Musk said onstage. “So we’ve just got to figure out how to do it without the environmental impact…. it’s simply not an option to have this environmental impact.”
Tesla’s decision to buy Bitcoin last year prompted a major bull run for the cryptocurrency, though that surge was famously reversed months later by the company’s announcement that while it did not immediately plan to sell its Bitcoin, it would no longer be accepting Bitcoin as payment for vehicle purchases.
“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment,” Elon Musk wrote, partially, in a tweet last May. “Tesla will not be selling any bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy.”
While there is still plenty of missing data around how heavily the Bitcoin mining network relies on renewable energy sources, it is clear just how significant the network’s energy usage is. Estimates from Digiconomist‘s energy tracker suggest that the total annualized energy footprint of Bitcoin’s mining operations has nearly doubled since Musk’s tweet last May. The Bitcoin network contributes as much carbon to the atmosphere as the country of Kuwait does on an annual basis according to the site’s estimates.
Kimbal Musk has served on Tesla’s board since 2004.
https://techcrunch.com/2022/02/23/teslas-kimbal-musk-says-company-was-very-ignorant-of-environmental-impact-of-its-bitcoin-purchase
February 25, 2022, 05:16:56 AM
We definitely can’t ignore the environmental hazards that bitcoin mining causes but we all know that developers have been attempting to fix it. Let’s wait for that.
I am curious what exactly are the developers doing to fix the environmental hazards that bitcoin mining causes?
February 25, 2022, 01:22:09 AM
We definitely can’t ignore the environmental hazards that bitcoin mining causes but we all know that developers have been attempting to fix it. Let’s wait for that.
February 24, 2022, 12:45:07 PM
European Union is on Track to Ban Bitcoin
According to a surprise report published by the German cryptocurrency media agency BTC-ECHO, the European Parliament, one of the legislative branches of the European Union, has plans to ban Bitcoin and other proof-of-work (PoW) cryptocurrencies.
The final draft of the Markets in Crypto-Assets (MiCA) regulatory framework, the much-anticipated package of cryptocurrency regulations, includes a specific provision that makes illegal the “environmentally unsustainable” consensus mechanism.
What does this mean? This means that Bitcoin could become illegal within the countries of the European Union starting from Jan. 1, 2025.
Businesses in EU would be prohibited from offering any services associated with ‘proof-of-work’ cryptocurrencies, such as Bitcoin.
Stefan Berger, the center-right rapporteur behind the framework, told the media that the proposal was “very likely” to be greenlit, because it has overwhelming support from both sides.
The regulation was pushed by center-left Social Democrats, the Greens and the Left Party. Some Christian Democrats and right-wing conservatives opposed the addition of the Bitcoin ban, but it was a deal-breaker for the parties that supported cracking down on proof-of-work.
The European Commission, the executive branch of the European Union, will now engage in a trialogue with the member states and the Parliament before reaching a final decision later this year.
https://wallstreetpro.com/2022/02/24/european-union-is-on-track-to-ban-bitcoin
According to a surprise report published by the German cryptocurrency media agency BTC-ECHO, the European Parliament, one of the legislative branches of the European Union, has plans to ban Bitcoin and other proof-of-work (PoW) cryptocurrencies.
The final draft of the Markets in Crypto-Assets (MiCA) regulatory framework, the much-anticipated package of cryptocurrency regulations, includes a specific provision that makes illegal the “environmentally unsustainable” consensus mechanism.
What does this mean? This means that Bitcoin could become illegal within the countries of the European Union starting from Jan. 1, 2025.
Businesses in EU would be prohibited from offering any services associated with ‘proof-of-work’ cryptocurrencies, such as Bitcoin.
Stefan Berger, the center-right rapporteur behind the framework, told the media that the proposal was “very likely” to be greenlit, because it has overwhelming support from both sides.
The regulation was pushed by center-left Social Democrats, the Greens and the Left Party. Some Christian Democrats and right-wing conservatives opposed the addition of the Bitcoin ban, but it was a deal-breaker for the parties that supported cracking down on proof-of-work.
The European Commission, the executive branch of the European Union, will now engage in a trialogue with the member states and the Parliament before reaching a final decision later this year.
https://wallstreetpro.com/2022/02/24/european-union-is-on-track-to-ban-bitcoin
February 23, 2022, 04:49:18 AM
P.S. I can't believe this thread is written by PoW coin supporter rather than PoS coin supporter.
BS V are the exception among other crypto. BS V is green in spite of PoWBiased article using misleading metric.
1. The root of the problem isn't Bitcoin, but miner who use non-green energy for their mining activity.
BTC should be banned by all governments for for the sake of the planet.BTC has no chance of survival with such greedy miners polluting Earth.
Only BS V has the right to survive in the future utopia
Hypocrite, BS V and all PoW coin have similar problem.
February 23, 2022, 12:45:49 PM
environmental menace? It's not that this fud has been around for a long time but until now it's not bitcoin that is the main cause of environmental damage, there are many factories or vehicle emissions that cause environmental damage, Bitcoin only has an almost imperceptible impact.
February 23, 2022, 11:21:17 AM
Hypocrite, BSV and all PoW coin have similar problem.
But....BSV is the Green Bitcoin with Ec0-Friendly Mining Process
Looking at Bitcoin and comparing to other digital assets based on CO2 emissions and the amount of energy used for hashing, BSV is the overall greenest.
Less emissions and lower energy usage make it one of the cleanest on the blockchain.
We know that having the ability to scale while using less energy is desirable by all. BSV is the only digital asset that can do both.
https://coinpedia.org/guest-post/bsv-is-the-green-bitcoin
February 22, 2022, 01:40:36 PM
So, you crawl out from the altcoins boards and post a topic in Bitcoin Discussion with the deliberate intent to draw attention to the fact that your forkcoin can supposedly only do one thing remotely well? And even if it is true, it is largely outside of your direct control anyway, so it's not really even your accomplishment. Are you sure it's a good idea to highlight by omission that your worthless scamcoin is completely useless at anything else? I mean... I've heard of "playing to your strengths", but all this does is shine a spotlight on all the things you can't boast about. Personally, I think it makes you and your scummy project look desperate and weak. But then, so do most of the things you do on this forum.
February 22, 2022, 10:15:43 AM
ASICs can’t be easily repurposed for general computing. Redundant units create around 11,500 tonnes of hazardous electronic waste each year, much of which is dumped on cities in the global south.
Which is like a grain of sand in a sandbox.
I'm not even going to argue if this is a right number, but for people who think 11k tonnes a year is a lot:
China, the largest producer of electronic waste in the world creates 10 million tonnes every year, the US 7 million.
Worldwide more than 50 million tonnes of electronic waste is produced every year.
You can find these statistics online with ease on multiple sites.
I'd rather if an average household threw out 10kg of electronic trash in the form of Bitcoin miners and support unconfiscatable, censorship-resistant money, than 50kg because they got bored by their 50" TV and need a 60".
February 22, 2022, 07:47:57 AM
P.S. I can't believe this thread is written by PoW coin supporter rather than PoS coin supporter.
BSV are the exception among other crypto. BSV is green in spite of PoWOnly 32 harmless BSV nodes against 8305 harmfull BTC nodes polluting environment
1. The root of the problem isn't Bitcoin, but miner who use non-green energy for their mining activity.
BTC should be banned by all governments for for the sake of the planet.BTC has no chance of survival with such greedy miners polluting Earth.
Only BSV has the right to survive in the future utopia
February 22, 2022, 07:20:54 AM
1. The root of the problem isn't Bitcoin, but miner who use non-green energy for their mining activity.
2. All cryptocurrency which use Proof of Work (including BS V) face similar problem.
P.S. I can't believe this thread is written by PoW coin supporter rather than PoS coin supporter.
2. All cryptocurrency which use Proof of Work (including BS V) face similar problem.
P.S. I can't believe this thread is written by PoW coin supporter rather than PoS coin supporter.
February 22, 2022, 05:05:46 AM
I'd have said it's more of a shit-brown.
💩 BitcloneShitVision 💩
💩 BitcloneShitVision 💩
Hey,,, even shit can be environmentally friendly. Unfortunately, crypto shit does not even contribute to nutrients to help plants grow and make soil fertile.
I always laugh when I see people throw their alts out there and tell people it is environmentally friendly. And then you check the network and see only transactions of miners and holders to each other.
February 22, 2022, 04:52:45 AM
I would love to know how the OP thinks about mining for Lithium to fuel new
electric vehicles, what about the energy used there?
This forum about BTC, not about cars, lithium & waste incinerators. Fuel cars, harmful lithium & toxic wastes is a competence of environmental organizations. electric vehicles, what about the energy used there?
Here is crypto community, not environmental organization. The competence of our crypto community is a awareness of the harm of BTC & fight against its impact on the environment.
February 22, 2022, 03:26:04 AM
Actually I think this is just a classic reason that is always exaggerated.
Since I haven't been in bitcoin until now I'm here the reasons for environmental threats are still one of the reasons people dislike bitcoin.
Whereas on the other hand there are now many companies that actually produce B3 waste which is classified as a type of waste that is very dangerous for the environment.
I think if we bother thinking about bitcoin being harmful to the environment then B3 there is much more dangerous and who said bitcoin is dangerous not thinking about this?
Since I haven't been in bitcoin until now I'm here the reasons for environmental threats are still one of the reasons people dislike bitcoin.
Whereas on the other hand there are now many companies that actually produce B3 waste which is classified as a type of waste that is very dangerous for the environment.
I think if we bother thinking about bitcoin being harmful to the environment then B3 there is much more dangerous and who said bitcoin is dangerous not thinking about this?
February 22, 2022, 01:33:59 AM
The cars emits a lot pollution as well
Soon all people will switch to electric cars. And just the same, people should switch from BTC to BSV, because BSV is green (And BTC is not green)Proof
https://coincarboncap.com
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