Can actually Bitcoin be good for the environment? - page 17.

senne

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Quote from: PattersonRaquel on July 01, 2018, 11:27:22 AM

I think that bitcoin is not good for the environment. exploitation is bad enough for the power supply of the air temperature around the increased lot

Are you Serious? If you think then you are totally wrong, I know Bitcoin and Altcoin working may consume lot of power supply but so does any currency system will consume. Crypto currency is working bank in-itself so such issues are common, for instance the working of a bank requires space, regular maintenance of computer, power supply, salary payments and many more expenses and in case of Crypto currency these are nearly less as compared to banks. Also, people are now using Eco-friendly ways to run crypto environment which will further reduce all such problems.

PattersonRaquel

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I think that bitcoin is not good for the environment. exploitation is bad enough for the power supply of the air temperature around the increased lot

Nurul_

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can not. because so many people who invest in bitcoin eventually they can have additional income to meet their daily needs. and how many people helped their lives because of the investment in bitcoin .

etron

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who says bad bitcoin is a jealous person because they can not afford to do it and they are just lazy people and can not accept the fact that technological progress is a time change. and they can only make fun of it and actually they are interested but they are prestige, and I think we better focus on our future and not care for those who do not want to accept this modernity.

ejswift

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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 it will be just think positive because bitcoin will help environment to become more high in technology and more in crypto

1020kingz

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Telegram Moderator, Hire me

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?

Bitcoin mining is using electricity, obviously and 24/7 mining a bitcoin. However banking system also used electricity when doing transactions as well as paper receipts and records and bank books. Comparing these two, bitcoin although using electricity it is very safe in the enviroment, there is an alternatives to use electricity like solar power it conserves power consumption in some power plants, also coalfire power plant can also be used as a power source.

kukurikapu

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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?

Everything can give or impart positive or negative impact depending on how you will utilize that thing. So i guess those who hold much hold our future whether it would be comfortable or it is better to die.

nurulhmani1280wat

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XEGGEX

but one of those cases of bitcoin and good miners is that it generates heat that can be used to keep your home hot in winter. we do not think that there is any other bitcoin miner usage. Bitcoin is so wise the other is just bad for the environment and uses too much power consuming when there is an alternative to mining.

Tigorss

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Quote from: Jet Cash on January 30, 2018, 02:36:30 PM

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.

in fact this is still a lot of talk in some countries related to some of the risks that arise when many residents use bitcoin there is supportive and there is a refuse when many who use bitcoin sutau environment will automatically ride the economy but still vulnerable to criminal acts.

airdnasxela

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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?

Hmm I think these things you have mentioned are not really related to being good for environment. Having big electricity consumption of bitcoin does not make it harmful to the environment. Equally, the commuting of the workers for the carbon footprint creation, you cannot really blame them that they are bad contributor for the environment. What if some do cycling? My point is that your logic seems illogical. Try to see for yourself.

semobo

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Quote from: Maestro75 on June 21, 2018, 02:19:48 AM

Quote from: hennyjonh87 on June 18, 2018, 03:02:18 AM

So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm. Place some solar panels or some wind turbines and there you go. Everyone happy

Quote from: BoyleWilder on June 18, 2018, 03:09:39 AM

So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm

Those two accounts above needs to be looked into. I think it is either they are the same person or they are using the same brain. Plagiarism kills intelligence. Someone should investigate that.

You no need to report here,either you can report to the moderator,you can find that option below of right corner or you can go to Meta section and report in the thread where plagiarism already reported.

allycn

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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.

Additionally, what you refer to as useless work or "human waste" is how many people pay their bills and support their families. What would these people do then? If we are talking about the lower positions then they may not have the funds to educate themselves about crypto, so who would support them, the state?

Solomonkingdom

newbie

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Yes, btc is the trend of the future. What the more banned the more it grows. And now I believe btc over gold, cash, bank.

KID_28

newbie

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If an action is automated, i think it is good for the environment. Paperless transactions are good for the environment. And i think bitcoin is providing that innovation for some countries now. People must be open to changes like bitcoin.

raahi

newbie

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When you talk in the financial terms I see it as a golden opportunity but other than that when you call it in terms of an environment not the transaction part but the mining is what's the problem, it consumes a lot of the energy and therefore is dangerous for the environment.

bitfocus

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Bitcoin can be mined with Solar Power, Hydro Electricity is also cheap - and these can be profitable at a large scale operation. this is an article from bitcoin magazine, you might like it

Can Solar Power Drive Bitcoin Mining in Africa?
https://bitcoinmagazine.com/articles/op-ed-can-solar-power-drive-bitcoin-mining-africa/

jpespa

member

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Bitcoin consumes too much energy even though it really helps generate money for all the miners out there. Good or bad it may be, the world has limited resources. Maybe too much energy consumption can affect the environment in the future.

BagzMM

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Quote from: jojowar on January 30, 2018, 06:56:27 PM

Bitcoin can actually be good for the environment because it is a paperless transaction. It can be good also if the place of the mining uses renewable energy like putting up solar panel for energy consumption. j

Yes, i do agree on your statement. Bitcoin are helping the environment because transaction are made online we do not need paper.

Maestro75

sr. member

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Quote from: hennyjonh87 on June 18, 2018, 03:02:18 AM

So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm. Place some solar panels or some wind turbines and there you go. Everyone happy

Quote from: BoyleWilder on June 18, 2018, 03:09:39 AM

So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm

Those two accounts above needs to be looked into. I think it is either they are the same person or they are using the same brain. Plagiarism kills intelligence. Someone should investigate that.

bubblebubble

member

Activity: 616

Merit: 23

I don't know if you read a recent study regarding mining impact compared to banks currency printing.
Well the study states that mining burn the 10% of banks energy. So mining is suitable

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