Can actually Bitcoin be good for the environment? - page 18.

dongyi17

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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?

Some mining company solve this problem because of high electricity consumption they create a solar panel to supply the mining equipment and lesser they electricity consumption and some of them deploy in farm field so sun direct to solar panel.

mabell943

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Yes, the company of bitcoin can be good in environment.
The company can make some environmental acts that can improve the environment which is a very great thing for the entire community.

Remainder

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Bitcoin miner need too much electrical energy in order to run and this what study found that bitcoin could consume 7.7 gigawatts by the end of 2018 and it is worst and can hard to our environment, that's why miner for today is not profitable because it consume too much electricity and the value of bitcoin is low, it will be profitable again if bitcoin will rise again to $20k and above. Green and renewable energy is the answer for this kind of problem that miners is facing now.

boksoon

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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?

Definitely yes, Bitcoin is good for environment because using virtual digital system is actually environment friendly no volume of paper can be use to print obviously so no more waste disposal. about trading business in bitcoin, also no real goods and merchandise can transport anywhere only on your set everything is under control so no carbon dioxide can harm to our people or to our environment as well.

BoyleWilder

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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

hennyjonh87

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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

Anies_Sandi

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Quote from: bitfocus on June 12, 2018, 09:03:22 AM

miners need cheap electricity and they can always use solar, hydro or renewable energy to mine bitcoin.

cheap electricity is also necessary, because the miners did use electricity to mine. so without the miners electricity it's quite difficult too. The miners also need a lot of capital to get results as well

bitfocus

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miners need cheap electricity and they can always use solar, hydro or renewable energy to mine bitcoin.

paparexon0414

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Thinking about this for a long time if it really help environment or not. As the excessive use of power just to fill the energy needed in mining is really disturbing unless it uses a very large solar panel (which maybe as large as one city). The energy it emits is contributing in the green house effect. In some point usage of paper is also lessen as people nowadays is using much modern way of paying like bitcoins.

roni12345

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I'm not sure, I read that so on internet is Bitcoin economy would actually reduce the global energy usage and improve the environment. So, btc is good for environment, i think so.

stayeduptolate

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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?

I think this is all the work of fuds and othe bitcoin haters who doesn’t want bitcoin to grow , seriously I mean how much bitcoin consumes that much of energy that in coming decades it will use more electricity than the entire world is using right now. These all are the mind games played by fuds and bitcoin haters to demotivate people from not to invest into bitcoin , so by this they wants to deflate the valuation of bitcoin but if they wants to do this seriously then at least they needs to put some real facts and figures.

voron84-05

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In principle, any high-tech human activity can not be called environmentally friendly. Banks with all their infrastructure naturally do not have the best impact on the environment, but BTC mining, the amount of energy expended and the number of production facilities that produce equipment also do not improve the environment. So it's all fatal for nature.

bncbnc

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Quote from: susuberuang on June 06, 2018, 02:17:44 AM

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.

No doubt that bitocin has a very good potential and we are expecting that bitcoin price will very soon reach to its highest price in which it was already trading in previous year, this time investors even hopeful that bitcoin price will very soon reach to 50000$, therefore i think that investment in bitcoin in current time will be a very good decision.

r32godzilla

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There are lots of industries which consume high electricity and it seems that it could not be totally changed.Instead solar power usage should be promoted.So bitcoin only could not be targeted for high electrical consumption and blamed.If we start to avoid any new technological inventions for the reason of high electrical consumption,then we would have to go backward towards stone age.

supermine

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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 can save lot of resources so which is good for environment.The mining needs large amount of electricity but world has huge number of banks and their buildings were thousands of thousands so imagine if there is no bank we can save all those electricity and can save the environment too.And it also can human resource but it will be bad for the people who working on this sector but normal people it can save the banking fees and timing because we can do it our own in a matter of seconds.

julielyn

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Quote from: jimbo2000 on January 30, 2018, 03:21:58 PM

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?

The more simple solution is either to solve the finite resource issue and find a way to have renewable energy, or alternatively to move bitcoin away from a method which is so energy intensive, think ethereum's plans to move to POS.

Sure it would be good for the bitcoin environment to be used in a good way as other people use bitcoin to make a man's head so I can say that bitcoin helps the environment.

sorokinpo

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We can always compensate for the loss done to environment by bitcoins. Most of the technological things like AC cause harm but we have to consider the benefits as well.

dorofee

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The people who say that bitcoin is bad for Environment ignore a lot of factors. Many countries are considering similar options just to save the paper (tress) used for printing so much currency.

Hirameki

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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?

Most of the people that gets into bitcoin mining now a days are using solar power a source of electricity. Specially in china, where the largest hash power of bitcoin is generated. I can say that it is more efficient compared to banks that still uses a combination of electricity, paper and human effort to make transactions.

BTC_BTC

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Something excessive will be bad. The electricity consumption that miners use will also have a negative impact on the environment and I think you need to make environmental improvements, so that the carbon gas you already dispose of your mining waste becomes balanced with the environment.
You may need to buy a large area of land and plant a thousand trees, in addition to the financial benefits for your future, this will also make you reduce greenhouse gases.

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