We could no more destroy nature than a javascript app could kill javascript.
sure but we can make nature a hostile place that look like the tar sands. 
Topic: Bitcoin & PoW is a waste of energy & destroys nature - page 8. (Read 14008 times)
Nuclear is fine, uranium isn't
http://en.wikipedia.org/wiki/Thorium-based_nuclear_power
Uranium or thorium are both fine.http://en.wikipedia.org/wiki/Thorium-based_nuclear_power
The problem is solid fuel reactor designs.
We can thank Kirk Sorenson's branding plan for muddying up the issue.
Everytime you mine a satoshi, a baby polar bear drowns 
I'm not the one who is building coal and nuclear plants just because they generate more $/energy than solar and wind. Their blood is on your hands.
Besides, if the US would massively employ wind/solar (80%) instead of nuclear/coal electricity would be so costly cryptos, at the very least, wouldn't exist.
Nuclear is fine, uranium isn't
http://en.wikipedia.org/wiki/Thorium-based_nuclear_power
Oh, I didn't know we were discussing sci-fi in this thread also,
then I say who cares? Vulcans are gonna make first contact in just 70 years from now, and solve all our problems.
Everytime you mine a satoshi, a baby polar bear drowns
I'm not the one who is building coal and nuclear plants just because they generate more $/energy than solar and wind. Their blood is on your hands.
Besides, if the US would massively employ wind/solar (80%) instead of nuclear/coal electricity would be so costly cryptos, at the very least, wouldn't exist.
Nuclear is fine, uranium isn't
http://en.wikipedia.org/wiki/Thorium-based_nuclear_power
Imagine bitcoin becoming the no. 1 currency of the universe:
Eventually every atom would be used as a miner, accelerating the distribution of heat in universe and faster reaching heat death.
If we are lucky the gigantic miner will turn into a huge black hole, making the universe collapse, starts a new big bang and universe is reborn.
The novel "The Last Question" by Isaac Asimov is about the subject of universal entropy.
http://www.physics.princeton.edu/ph115/LQ.pdf
Eventually every atom would be used as a miner, accelerating the distribution of heat in universe and faster reaching heat death.
If we are lucky the gigantic miner will turn into a huge black hole, making the universe collapse, starts a new big bang and universe is reborn.
Quote
The heat death of the universe is a historically suggested ultimate fate of the universe in which the universe has diminished to a state of no thermodynamic free energy and therefore can no longer sustain processes that consume energy (including computation and life)
https://en.wikipedia.org/wiki/Heat_death_of_the_universe
https://en.wikipedia.org/wiki/Heat_death_of_the_universe
The novel "The Last Question" by Isaac Asimov is about the subject of universal entropy.
http://www.physics.princeton.edu/ph115/LQ.pdf
Everytime you mine a satoshi, a baby polar bear drowns
I'm not the one who is building coal and nuclear plants just because they generate more $/energy than solar and wind. Their blood is on your hands.
Besides, if the US would massively employ wind/solar (80%) instead of nuclear/coal electricity would be so costly cryptos, at the very least, wouldn't exist.
It's not a 'waste'.
The work of PoW is work to create a currency that can not be counterfeit, fungible,fast, and can not be created out of thin air like fiat.
And there are alternatives. Both in the PoS coins , like Hobonickels which make me 6% interest, and many others. Such as coins that ontribue computing resources to projects, like CureCoin.
If you want to talk about waste, how about the money and energy involved in building America's latest supercarrier. Or the Olympics. Bitcoin has a lot of value and is useful.
You mean bitcoin has a lot of HUMAN value? Afterall, it is how, as a collective whole, we perceive bitcoin to be worth anything for it to be worth anything, just like other forms of currency The work of PoW is work to create a currency that can not be counterfeit, fungible,fast, and can not be created out of thin air like fiat.
And there are alternatives. Both in the PoS coins , like Hobonickels which make me 6% interest, and many others. Such as coins that ontribue computing resources to projects, like CureCoin.
If you want to talk about waste, how about the money and energy involved in building America's latest supercarrier. Or the Olympics. Bitcoin has a lot of value and is useful.
Everytime you mine a satoshi, a baby polar bear drowns
I'm not the one who is building coal and nuclear plants just because they generate more $/energy than solar and wind.
Everytime you mine a satoshi, a baby polar bear drowns
We humans exist in and are a part of nature. Everything we do is governed by the laws of nature and is by definition natural. We could no more destroy nature than a javascript app could kill javascript.
I think you are equating nature with pre-existing conditions. Anyway, your argument doesn't interest me. If you have a better way of building a cryptocurrency, just go do it.
I think you are equating nature with pre-existing conditions. Anyway, your argument doesn't interest me. If you have a better way of building a cryptocurrency, just go do it.
It is insane to waste energy on mining bitcoin in the age of peak oil where greedy energy companies destroy nature for profit.
Here's my analysis.
https://docs.google.com/document/d/1Lb_iLMmH5sIiYfGeHr9tCTnaoWjK25zDlvO0nXXgEng
TL,DR is that we're fine now, but in the future we may be sucking a whole lot of power.
https://docs.google.com/document/d/1Lb_iLMmH5sIiYfGeHr9tCTnaoWjK25zDlvO0nXXgEng
TL,DR is that we're fine now, but in the future we may be sucking a whole lot of power.
If you scaled the Bitcoin networks current transaction be kWh you will be using more energy than is produced in Germany to just match the transaction volume of Visa and Master Card.
To justify that amount of energy consumption, the price of Bitcoin would need to be in excess of $1,050,000 per Bitcoin at the current efficiency.
By contrast if the cost of 10,000 Bitcoin was worth $1, it is likely difficulty would be but a fraction it is today and a single high end PC, could run the Bitcoin networks it is today.
Once an optimal distribution and use case is established in Bitcoin, mining profit will come from using your by-product heat efficiently; there will be very little waste.
People only mine Bitcoin and wast the heat because it is insanely profitable to do so.
Here's my analysis.
https://docs.google.com/document/d/1Lb_iLMmH5sIiYfGeHr9tCTnaoWjK25zDlvO0nXXgEng
TL,DR is that we're fine now, but in the future we may be sucking a whole lot of power.
https://docs.google.com/document/d/1Lb_iLMmH5sIiYfGeHr9tCTnaoWjK25zDlvO0nXXgEng
TL,DR is that we're fine now, but in the future we may be sucking a whole lot of power.
Let's not forget that in Canada, I use my rig to heat up the house in winter. 
During the winter, 100% of my rigs are offsetting heat.
Canada, before and after tar sand mining:
Sure, this sucks but it has NOTHING to do with Bitcoin.
Most electricity in the USA comes from nuclear, natural gas and coal. Tar sands is oil and that is less then 1 percent of US electricity.
Let's not forget that in Canada, I use my rig to heat up the house in winter.
During the winter, 100% of my rigs are offsetting heat.
It is insane to waste energy on mining bitcoin in the age of peak oil where greedy energy companies destroy nature for profit.
Canada, before and after tar sand mining:
Canada, before and after tar sand mining:
Shire v Mordor,
Shire
Using a fixed money base requires consensus before you can raise capital to invest in destroying your environment.
Mordor
Using elastic Fractional reserve Fiat system allows you to amass recourses without consent, and exploit the environment and pay back an artificial money supply with interest.
As someone who has invested over a decade in solving environmental problems, deflation is the necessary market driven tool that can encourage environmental sustainability.
The Bitcoin mining problem you see is a result of high profitability, and waste heat when the mining becomes less profitable in 2016 will be an output for a new industry, there will be a huge shift to being efficient, the mining waste will be put to use and only the sustainable will win in the end.
I have used suppliers in other parts of the world whose only profit comes form recycling 100% of their waste. These are the people who are more productive in the long run, they are the ones who take jobs from the more wasteful.
Our way of live is driven by 2.5% targeted growth, despite our needs; our monetary system incentivises corporations to employ people like me to create more want to keep consumption at a steady 2.5% growth, this growth is just another form of malinvestment.
In the years to come ENERGY WILL MATTER FOR EVERYTHING so using less of it is needed.
guys at the top(btc miners,nxt shareholders) will always make a killing so the most efficient and less energy sapping system
for the masses is best.
I thought LTC was faster than BTC to use but NXT is even faster.
Of course, you will have to get your wallets out folks.....the MIGHTY 'NEM' will be arriving soon......DONT MISS OUT !!!!!!!!!!
guys at the top(btc miners,nxt shareholders) will always make a killing so the most efficient and less energy sapping system
for the masses is best.
I thought LTC was faster than BTC to use but NXT is even faster.
Of course, you will have to get your wallets out folks.....the MIGHTY 'NEM' will be arriving soon......DONT MISS OUT !!!!!!!!!!
I think the OP is missing a small detail here :
Even if you combine the energy used for all the Coins being mined and even added the combined, entire energy used for designing, manufacturing and shipping the hardware...
This figure is still ridiculously miniscule compared to any reasonable industry (i.e. steel mills worldwide) or vehicle traffic. Absolutely neglectable in the big picture of things, like mosquito shit on the windscreen of a 600ft container superfreighter.
So if protecting nature is the OP mission, Bitcoin is by far the absolutely least area of priority that should get his attention...
Even PC/Console gamers playing games just for their pure entertainment are presently using up far more electricity and resources than all coin miners combined. Stop gaming to protect nature... ?
Heck, mothers/grandmas cooking for their families every day probably dwarf the Bitcoin energy consumption every day. And don't even think about prohibiting that, they usually cook very good food
Even if you combine the energy used for all the Coins being mined and even added the combined, entire energy used for designing, manufacturing and shipping the hardware...
This figure is still ridiculously miniscule compared to any reasonable industry (i.e. steel mills worldwide) or vehicle traffic. Absolutely neglectable in the big picture of things, like mosquito shit on the windscreen of a 600ft container superfreighter.
So if protecting nature is the OP mission, Bitcoin is by far the absolutely least area of priority that should get his attention...
Even PC/Console gamers playing games just for their pure entertainment are presently using up far more electricity and resources than all coin miners combined. Stop gaming to protect nature... ?
Heck, mothers/grandmas cooking for their families every day probably dwarf the Bitcoin energy consumption every day. And don't even think about prohibiting that, they usually cook very good food
NxT sucks, do not touch it.
OP is idiotic.
and Bitcoin uses around 3,000 times more energy then Nxt.3000 * Zero isn't very much. OP is an idiot who wants you to buy NXT.
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