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Topic: Bitcoin isn't green - page 3. (Read 2534 times)

newbie
Activity: 13
Merit: 0
March 27, 2012, 01:23:56 PM
#5
Compared to commercial economy, Bitcoin is greener.
newbie
Activity: 47
Merit: 0
March 27, 2012, 01:23:27 PM
#4
Bitcoin needs mining. Mining costs a whole lot of electricity. Electricity still mostly comes from fossil fuels.

Ergo, bitcoin isn't green.

Any thoughts about this?


Think with a broader perspective.  How much electricity is required to operate the Fed, investment and commercial banking system?


Smiley

That's not really an argument (or, to broad a perspective for me to see clearly).
I kind of like Economic Argument 1 from the link, but it still means electricity companies make the most off of mining. Right?
sr. member
Activity: 252
Merit: 250
Inactive
March 27, 2012, 01:04:53 PM
#3
Bitcoin needs mining. Mining costs a whole lot of electricity. Electricity still mostly comes from fossil fuels.

Ergo, bitcoin isn't green.

Any thoughts about this?


Think with a broader perspective.  How much electricity is required to operate the Fed, investment and commercial banking system?


Smiley
newbie
Activity: 47
Merit: 0
March 27, 2012, 01:01:40 PM
#1
Bitcoin needs mining. Mining costs a whole lot of electricity. Electricity still mostly comes from fossil fuels.

Ergo, bitcoin isn't green.

Any thoughts about this?
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