Can actually Bitcoin be good for the environment? - page 15.

JennetCK

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Quote from: Cardan0 on January 30, 2018, 02:27:04 PM

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

Find a place where you set up your mining farm then have many solar panels and install it near the farm or surrounding the farm , that will help also. Or s windmill power and and hydo powe. Those are the alternative that we can use instead of burning fossil fueils.

ProstoInvestor

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I do not think that bitcoin will be harmful to the environment, because in the course of time ecological methods will be developed to maintain the work capacity of the bitcoin network. The missiles are also not very eco-friendly, but they are used.

wiik

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Im a fan of crypto and bitcoin but i dont think bitcoin is being more good than being bad to the environment since mining bitcoin require a lot of energy . But i believe in the near future , when all are mined out then maybe it will be good . Because i personally think by that time bitcoin is going to be accepted as a currency for buying goods both online and on other physical stores . Which means , we dont need to produce that much of fiat money since we have bitcoin . In that way , bitcoin can help preserve the environment because we could save up some raw materials which is , obviously taken from nature .

Jamescur

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Bitcoin has a big negative impact on the environment!
Bitcoin mining consumes a lot of energy, emits heat and noise, and does not produce any favorable products for real life!

stimliall

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As the demand for electricity from mining continues to grow, the use of renewable resources for power generation is now becoming more prevalent, wind and who can operate and maintain costs are low, and these procedures are fully automated, without any fuel and without any pollution !

kyledavid

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yes for me since fiat cryptocurrency are working with factories and uses material from nature which is not good for the environment . becuase of bitcoin since it is virtual it doesnt need to cause anything to the nature . Paper money needs trees for it to be made . also fiat coins also created in factories which emits smokes that has an effect in our pollution .

TheChung1904

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Bitcoin has nothing to do with the environment. Power plants are those who pollute the earth without bitcoin

Gyromancer

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Indeed, I can not deny if bitcoin does give a good impact to the environment. If bitcoin does not provide benefits to this environment, of course bitcoin has long since been abandoned. But, in fact bitcoin users over time are growing and they feel life changes after joining bitcoin. Like me, my economy is getting better after joining bitcoin. Bitcoin really does make the economy change for the better. I hope that the crypto currency is still there because I feel that the benefits are real.

Cotton Candy

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Quote from: Cardan0 on January 30, 2018, 02:27:04 PM

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

Indeed. It was made in light of the fact that Bitcoin needs to enhance or change the framework. Advances are planned on the grounds that it will help our lives more agreeable and advantageous. In any case, a few people exploited innovation and utilized it in wrong ways. Bitcoin would truly help and improve. It is all up to us how we will utilize it for good.

Ahimoth

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Quote from: Mandarava on July 03, 2018, 08:40:30 AM

I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network.

I can certainly say as of now that bitcoin is a great invention. It paves the way for the digital currency to be known worldwide. Bitcoin has helped a lot of people from the very start and I am one of it. For me bitcoin is a blessing and a very good help to the environment. It creates a lot of opportunities.

Bulljcak

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Quote from: BCTBF on January 30, 2018, 04:07:16 PM

Yes I think mining is bad enough for the supply of electricity available on earth, I do not really understand about the science. But I think there should be restrictions on mining and electricity usage every day. Maybe the government can find the best solution about it.

In order for us to have a good living,electricity is one of the major need.We are using the sources that provided for us with the help and proper mining of the government.I see a good environment in the future.

Hitesh shaveta ohri

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I think bitcoin can be good for the environment as it is proven that every new change brings some positive aspects in life. So i hope this bitcoin also revolutionize the environment.

v3liana

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Quote from: Cardan0 on January 30, 2018, 02:27:04 PM

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

yes bank use a lot plastic and its a waste and i do think bitcoin mining right now is consume too much electricity, there should be a development in hardware which could mine faster and eco- friendly with less consumption of power. But i believe we do save woods cause crypto never use paper at all cause all the things in crypto almost digital.

AliMan

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Quote from: Mandarava on July 03, 2018, 08:40:30 AM

I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network.

Well actually bitcoin has a lot to offer for the environment and they are really good. I really think that bitcoin is a big blessing for all of us. Bitcoin is very advantageous and beneficial so I must say that it is good. There's nothing wrong about the effect of bitcoin as of now and I hope it will continue for a long run.

Bilong ko

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it seems that today bitcoin already has a very good movement, with this excellent bitcoin rush of traders including you should be able to take advantage of moments like this for profit.

lucy94

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definitely

Mandarava

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I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network.

gasparyu

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the only good thing that can bitcoin do for the environment is having no fiat money anymore. not using fiat means no paper is to be used as money. good for the tress lol

millytr

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Quote from: spadaccino on July 03, 2018, 06:13:53 AM

I definatily do not think so - unless they decide to go green using PoS that 'd be a releave for environment

Actually we can use the clean energy from wind , sun or water but people are not choosing them because to set up a system for those things are so complicated and cost.
Nuclear power could be a good one unless they're leaked from the factory, that will be dangerous for our lives.

luis fantom15

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Yes in a sense bitcoin does help preserve the environment. Imagine the factories and mining quarries that would be turned into fertile lands suitable for habitation of wild animals in case bitcoin would thrive. We may alleviate the damage of our carbon footprints by using the waste energy to something useful like a recycler.

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