Topic: Bitcoin & PoW is a waste of energy & destroys nature - page 5. (Read 14008 times)

The OP is nonsense, and here is why:

https://bitcointalksearch.org/topic/m.5146060

I assure you the amount of energy spent on the production of FIAT way exceeds the bitcoin network power consumed even in proportion to user base.  (I for one hardly ever use cash...I use checks, Credit cards, Direct Deposit and Electronic banking)

Lets just take the "mining of metals" concept for a minute.  The cost to produce a Penny.

How much oil/gas do you think the trucks and tractors consume daily to mine the minerals?
How about the oil and lubricants for the hydraulics/engines/gears?  
How about the the fuel that goes into the workers vehicles to get to (and from) the jobsite?
How about the energy used to produce the tractors/trucks/vehicles the workers use?
How about the energy to manufacturer tires for the vehicles?
How about the refinery power consumption?
How about the power used for the facilities on each site?
How about the energy costs for security and storage?
How about the energy used to truck/ship/train the raw ore?

Then the refined materials go to the mint.

Again, how much oil/gas consumed by the workers daily to and from work? (1845 employees US mint)
How much energy used to make the minting presses and machinery?
How much energy used to run the machinery?
How much paper products/stationary/toilet paper consumed?
How much to heat and air condition every facility?
How much energy now spent on security at the site? (Guards/cameras/alarms systems/etc)

Now let me remind you we haven't even sent the money to the banks yet nor have we produced paper currency yet.  And my list is far shorter than the actual energy consumed in making the currency.  Additionally, every country on earth is consuming energy to produce their form of currency.

As you can see.....the cost to produce one penny would far exceed the cost to produce one satoshi.

And to make my point crystal clear....if the entire world was using crypto currency, the amount of energy consumed would be FAR less than it is today.

Printing fiat is FAR more wasteful of energy....But I don't see the OP complaining about that!!  

* Energy used in Harvesting trees/silk/cotton (massive resource expenses)
* Cutting/processing/transporting these natural resources
* Energy for Printing Presses
* Energy used for mining metals like copper/zinc/nickel (another massive expense)
* Energy for Heating/Air conditioning of buildings
* Energy for Powering phones/lights/computers
* Transportation of money to banks
* Workers Transportation to/from work
* Costs for Reprinting replacement bills
* Security costs like cameras, guards, police resources
* Energy used to manufacturer presses/computers/equipment
* Resources used for dies and chemicals
* Resources used to stop or arrest counter-fitting
* This list goes on forever............Year after Year

And remember, every country that has a currency is doing this list over and over...

This thread started by OP is a FUD.

Exactly, we should work for a sustainable future instead of doing the same mistakes as the established industries.

Yes, because its a very narrow way of looking at things. "He is doing it so I will do it as well"  this kind of attitude will destroy this planet

Paper  money aren't made from papers, they are  usually made from flax/ cotton blend(although other material are/could be used as well).



Yeah,I know I'm nitpicking here.Sorry for that.


Carry on.

So are people on this earth, yet here we all are. PoS only enriches the rich. It's like if gold bars could have babies.

You do have a point that mining consumes a lot of electricity. But 100% PoS doesn't seem like a good solution because it will just make the rich even richer by simply holding their wealth.

650W a gig/hash..

All of my WTF's

no it's really not in this case. I am directly comparing the power consumption of one method of financial bookkeeping (the banking system), with another method (bitcoin). In this comparison, bitcoin clearly is the far more power-efficient way to go.

Do you need to be reminded of how many different, competing bank companies there are? and that EACH of them separately uses up about as much, or more power than the global Bitcoin PoW system uses each day? There's not even room for argument, Bitcoin is far greener than any other alternative we have at the moment.

Hehe, Javascript right?
My point was that you should keep a record

headsToGet  <----

Store that for later use

A whole set of images I didn't want.

Try this:

var headsToget:Number = 0;

if("S4VV4S" == "awesome"){
 // give this guy a blowj*b
 rewardWith("ablowj*b");
 headsToget++;

}else{
if("S4VV4S" == "too awesome"){
 // reward this guy with two blowj*bs
 rewardWith("twoblowj*bs");
 headsToget += 2;

}

for(i=0; i 
 trace("S4VV4S got" + i + "Blowj*bs");

}


Does that help?  



 
 

  

Currently working on an alt which uses PoA - Proof of Awesomeness. The algorithm is in development, but looks sort of like this:

if(User.Current.Name == "5flags")
{
     RewardWith(100);
}
else
{
     RewardWith(1);
}

It will need some tweaking to get it right, but it's approximately OK.

Its actually very difficult to estimante because of the continued progress made in ASIC design.
A good portion of mining happens at home and not in data centers.
Power dissipated by mining can be used for heating in the winter, the majority moving from Northern hemisphere to the other over the year.

You can turn around the argument: finance the computing needs of your science projects with mining a new kind of coin..
Using the hashing power for a purpose other than the prevention of a 51% attack is actually reducing the opportunity cost of such attack.
It defeats the very purpose of mining !
Pretty soon you will have the most popular science project (not necessarily the most promising or desirable project) take over your network.
A network centralized around one project is dead, not because of the project but because its centralized.

Spoiler: "Nature" will be fine.

Mankind is only fucking itself.

Land fills are used for these resources only in low-tech countries.
Recycled or Re-used materials in the modern world : Paper, all types of metals, glass, electronic components, biogegradable materials

If I take my personal "trash" for an example (Germany, 1 Person), I'd have difficulties filling one typical household indoor trashcan in less than two weeks, >95% of materials go into recycling containers.
The true disposable trash also goes through rudimentary recycling (usually focussing on recovery of metal) before being disposed (majority burned at disposal sites at extreme temps, exhaust gases go through advanced filters, heat taken to generate either electricity or heats a near town).
Biodegradable trash goes into sites generating energy & heat from the composting reaction and extract biogas as fuel.

It should more accurately be called down cycled. All plastic products provided they don't pollute the environment end up in land fill. Paper is not much better.

Aluminium is the only consumer material to be effectively recycled. Glass too provided it is cleaned and not re-manufactured