Topic: Can actually Bitcoin be good for the environment? - page 10. (Read 3221 times)
I've heard many times they're opinion and I support that only human is responsible to make the actions not bitcoin and not cryptocurrency itself is responsible, as any act of goodness and positiveness is respective to human.
Progress does not stop. If you calculate all the changes associated with the technological revolution. The future will set everything in its place.
To make Bitcoin mining environment friendly we have to focus on renewable energy. We have to generate power from solar ,air and hydro. That's all.
Yes bitcoin is friendly economic environment because it would reversible by Ethereum, USD, Bitcoin cash and other global currency easily.
The phenomenon of bitcoin mining is indeed currently popular, but if you look at its impact on the environment, there are interesting facts that I know from several articles that I have read. At present the calculation of Digiconomist claiming Bitcoin's global mining activity spends 36.63 Terawatt-hours (TWh) of electrical energy as of December 31, 2017. On the same date, electricity use of Bitcoin is close to Bulgaria's electricity consumption figure. According to this estimate, every Bitcoin transaction generates 146.97 kg of carbon dioxide.
The relationship between Bitcoin and bad carbon dioxide emissions for the environment is formed because of the use of energy from coal-fired power plants by mining facilities (Bitcoin production through computational power) Bitcoin.
From these facts it can be concluded that bitcoin mining does require a large electricity consumption, but I think the results will be worth the profit
The relationship between Bitcoin and bad carbon dioxide emissions for the environment is formed because of the use of energy from coal-fired power plants by mining facilities (Bitcoin production through computational power) Bitcoin.
From these facts it can be concluded that bitcoin mining does require a large electricity consumption, but I think the results will be worth the profit
It cannot be denied that bitcoin uses much energy but technological advancement requires electrical energy and that we cannot separate. But i hope someday, environment-friendly sources of energy can be used for bitcoin.
Put the mining farms into a warehouse surrounded by fertile land. Plant trees and other vegetation to provide a haven for wildlife. There you go - Bitcoin mining is good for the environment. 
Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity.
It's a great idea but will be very hard to implement everywhere. People calculate their own benefit in the first place. Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity.
I hate to say that but bitcoin never will be good for environment. Mining is still energy-hungry and it's obviously bad for our planet. I think we'll see sanctions by governments in near future. I can't foresee how it influence bitcoin price.
I don't think it would be that good for the environment for the electricity consumption you mention, and that is only when talking about BTC which not everyone will be able to get their hands on. If we talk about the rest of mined cryptocurrencies then the damage is even larger.
Bitcoin technologies are used for various purposes that help us to develop, namely for economics, science and for other various purposes that are very important for our daily living. So I think if it harm to us then it does not less than benefit.
yes many people help bitcoin and for that will good for the environment but many people we use to scam and many people did not know what to do and many people continue to scam other people.
Yes, it's really good to our environment. Especially if all people supporting bitcoin. It has the ability or power to change the life of people to be better. It also helpful to those who are unemployed person. Many people don't have a job so by that they will have a work.
Maybe yes bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. Also the current banking system consumes too much electricity, I don't think that bitcoin transactions would take up that much of electricity so bitcoin can also reduce the amount of electricity used by the banking sector.
This os so true. Using gadgets is part of the daily life of every person, therefore this is not burdern when you started using bitcoin as a form or medium of exchange. We can multitask. And also we can help to save our planet but reducing the usage of the natural resources. It is really good for the environment.
Wouldn't the idea be that as bitcoin exists in parallel with banking and credit card systems, it takes more of their market share, and so as bitcoin uses more electricity, the credit card and banking sector would use less? So hypothetically, if bitcoin transactions replaced 50% (to pull a figure out of thin air) of credit card transactions, the electricity used in bitcoin transactions would rise massively, but the electricity used by cc transactions would halve?
I don't figure it would be that useful for the earth for the power utilization you specify, and that is just when discussing BTC which not every person will have the capacity to get their hands on. On the off chance that we discuss whatever remains of mined cryptographic forms of money then the harm is considerably bigger.
Moreover, what you allude to as futile work is what number of individuals pay their bills and bolster their families.
What might these individuals do at that point? In the event that we are discussing the lower positions then they might not have the assets to teach themselves about crypto, so who might bolster them, the state?
Moreover, what you allude to as futile work is what number of individuals pay their bills and bolster their families.
What might these individuals do at that point? In the event that we are discussing the lower positions then they might not have the assets to teach themselves about crypto, so who might bolster them, the state?
I think Bitcoin for the environment is a standalone form that only really affects the cryptocurrency market. There are people who are worried about using too much energy, which will consume the space that the environment has. That we can overcome in the future.
Yes, because this technology that we used to generate bitcoin whether you like it or not it can create many job opportunities and helps many people. I have heard that some platforms are also integrated into Blockchain Technology that is looking for ways to exploit it effectively and without harming our environment. But I don't think that Bitcoin has ever been the main reason of this.
Yes because if we don't need to produce fiat anymore, we don't need to more cotton and linen everytime they want to make a new dollar bill. Bitcoin is very good because you don't have to harm mother nature when you need it and to able to transact it.
bitcoin can also cut the budget to be more flexible, but the challenge of the global government is how to make active education for digital currencies that have extremely extreme fluctuations. this is an important problem because many people are not competent in stock assets. the stability of currency values is very important for them.
Yes because if we don't need to produce fiat anymore, we don't need to more cotton and linen everytime they want to make a new dollar bill. Bitcoin is very good because you don't have to harm mother nature when you need it and to able to transact it.
Bitcoin is not harmful to the environment as some people regard it although Bitcoin mining consumes a lot of electricity. Bitcoin is all digital and does not require anything of the environment before its transaction is processed. With the electricity, there are a whole lot of industries across the globe which surpass Bitcoin mining when it comes to energy consumption.
Bitcoin is really good for the environment in the sense that it has changed the livelihood of the people that invest in it. It has made millions of people self employed, added more income to the investors. Its transactions are very fast and time saving. In terms of security, you are protected because your wallet or account is mobile and portable you can move and monitor it from any where you are unlike the banking system carrying paper money in large bulk from one place to another which makes you not secured. I believe with these few points of mine bitcoin is actually good for the environment.
Jump to: