Topic: Can actually Bitcoin be good for the environment? - page 13. (Read 3221 times)

Personally, I think that Bitcoin doesn't do anything bad for the environment. All people around world use many electricity working for windows and films.

No printing, No transportation, No big infrastructure needed. So obviously they are good for our environment.

Bitcoin is nothing to do on our environment but in our life yes bitcoin is very helpful because it's change our living and life in terms of our future it's become wealth and brighter, we're become rich when we have a hardworking and patient to bitcoin.

In order to make Bitcoin work, you need electricity, computers, and the internet. That’s it.

Fiat currency requires resources to print the money, oversight in order to make sure it is being allocated correctly, fraud services, entire organizations devoted to preventing counterfeiting, money transport services, and more.

List goes on and on, and is duplicated for every single fiat currency in existence. Bitcoin’s infrastructure needs are orders of magnitude smaller than fiat currency, and that’s just focusing on the resources to create the fiat currency itself.

Bitcion is friendly accepted by people less of smoke no used of paper no used of plastic away from air pollution and less of energy because someone used solar power.

This is a great thinking that may open our minds in terms of the good qualities the bitcoin have. As we elaborate the point where in the banks uses more power, different power to be exact like man power, electricity and such, bitcoin is really more efficient rather than in banks. In banks money are stored in it while in bitcoin it is a digit that you can seen in the screens of your mabile phone or other electronic devices and just it. As well as bitcoin consumes less time in transaction and other different factors that will lead to bitcoin be more effective that banks. It is indeed help.to the environment if people uses bitcoin in transaction where us only click is needed.

A good point actually, this will probably lead you in thinking more critical. As of this moment as we can see the users of bitcoin was not really affecting the electricity or such, because the users are not wasting it. The real thing that is not good in the environment was the people who uses energy, water and such more that what is needed. It is not the bitcoin but the users, bitcoin is nothing to be blame of, bitcoin only help users to generate money in legal way, so bitcoin is not a big deal. And if you love environment and you are a user you will probably helps in conservation of the environment.

We believe that mining is bad enough to supply electricity available on the ground; we do not really understand science. But we think that there should be restrictions on the use of mining and electric energy every day. Perhaps the government can find the best solution for this.

There are many people nowadays very concern about nature and the environment. They love nature more then anything nowadays now they are concern about the mining process of bitcoin and it's quite good for all of us. We see clearly the mining process of bitcoin is very costly nowadays it takes huge electricity to mine. So the nature protector comes in front not to slove but to make this situation more worse. There are many things we can do for the solution for this huge problem. One thing just hit in my mind the paper is one of the most important things and how we made paper huh? we all know the answer right we are using trees to make papers does it hamper the environment? We should find some ways to make it productive for the environment and which we can use to help our dear nature.peace.

In my opinion, if you think then you are completely wrong,I know Bitcoin and Altcoin work can consume a lot of power supply but so will the currency system will consume.Crypto currency is a self-employed bank so that such problems are common,for example bank work requires space,routine computer maintenance,power supply,payroll and many more costs and in the case of Crypto currency is almost less compared to the bank.

cryptocurrency generally requires a large amount of power so it also affects multiple environments. Currently, miners are increasingly adopting alternative resources for mining to limit the environmental impact of bitcoin. And I think mining is bad enough for the power supply available on earth, I do not really understand about science. But I think there should be restrictions on the use of mining and electricity every day. Maybe the government can find the best solution about it

I think 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. At present, miners are increasingly adopting alternative sources of power for mining to limit the environmental impact of bitcoins  Like mining and other power source that produced radiation.

Planting trees and other vegetation to provide a paradise for wildlife. Bitcoin extraction is good for the environment. Even better if they convert the stored energy in all the discarded plastic bottles everywhere. It is not possible that the current banking system uses more electricity (per transaction) than Bitcoin. In addition to the relatively small profit margin they are trying to make, miners will use electricity (almost) corresponding to the value of the BTC they receive to exploit a block. Evidence of work does not necessarily mean "wasted" electricity - important for security - but do not pretend electricity is not used.

no There is no trust in any work Betquin will end soon and all the circulation of the news now is all false and useless to wait and who sold is a winner and who waits is a loser

It's not good for the environment because of the energy used by its servers however due in the course of months there are many coins that have emerged whose ultimate goal is to make the process of mining bitcoins environmentally feasible so this issue seems temporary.

It sounds possible that our systems produce different kinds of pollution and we can conclude that it is us humans creating it. It is still not to late to give a solution for our problems as long as we act accordingly. Our technology is slowly advancing and they are thinking of ways how to lessen our Energy waste and turning it into something useful or even profitable. I have heard that some platforms that is also integrated into Blockchain Technology is looking for ways to do efficient mining and not hurt our environment.

Do you know that it needs atleast 12 trees to create a 100 percent non recycled newsprint. And that is just to create a paper, what more in creating a fiat? But if people will use digital currency, no one need to haded over those bills and a single scan in a qr code or tap in a terminal will automatically send your payment. There is also no need to recycle or re create new money because digital currency is intangible and indestructible. The only environmental effect that it bring are the carbon oxide produced by the electric company which powered the mobile phone of bitcoin users.

I believe that everything has their corresponding advantage and disadvantage that could and may affect environment and Humans life. It only depends on how people gonnat take it because sometimes even if the things exist is good it become worst due to unresponsible handling of people.

Maybe bitcoin is good for the environment like if we stop using paper bills lot of trees can be saved. Also the current banking system consumes too much electricity and bitcoin transactions wouldn't take more electricity so bitcoin can also reduce the amount of electricity used by the banking sector.

With the passage of time the mining of bitcoin has become more and  more complicated.  Very complicated mathematical problems need to be solved.  For mining bitcoin advanced computers have to be used.  To solve the complex math problems they have to use very big specialized hardware computers, and because they are very big so they become very hot while working.  These hardware are called Application Specific Integrated Circuit i.e. ASIC.   Definitely this process affects the environment because of carbon emissions from coal; diesel while manufacturing electricity. 

But the question is whether we shall give up this so beautiful useful coin because of it's effects on environment or shall be find some alternative ways to save the environment while mining bitcoin. 

This objective can definitely be achieved.  There are so many countries where the scope of solar ; wind; hydro energy available.  We shall think of diverting towards these natural renewal energy sources.

Also planting of more and more trees should be done.  There is one more side of this discussion i.e. if we use banking channel digital currency or paper currency they are also using electricity and trees are being cut for printing of paper notes.

So the best way available to mine bitcoin without pollution is to divert towards renewable electricity.