Can actually Bitcoin be good for the environment? - page 3.

AAKODI

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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 doubt if some one say that bitcoin is bad for the environment but if we really expect 100% sustainability and environmental friendliness from bitcoin we all should agree that the current way of mining bitcoin should be improve by considering more greener and sustainable paths because as the first digital currency world expect more effectiveness, efficiency and sustainability from bitcoin and it is easy to gain by making small changes

bce

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Quote from: Sasuke102001 on January 30, 2018, 03:30:20 PM

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.

I think investing in bitcoin is not just with mining that requires a large amount of electricity, good intentions and good goals can make good results.

levvv

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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?

At least, bitcoin mining is not bad for the environment. The bad thing is, if we use electricity with non eco-friendly resources, then it will be bad for environment. Although bitcoin mining is consuming much power, it still below the usage of other companies such as mineral mining or oil mining.

sneeze11

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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?

For me bitcoin is actually good in our environment because it can help many poor people to be successful and by that it can help the economy of our country.

mr.bean865

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It depends upon usage of bitcoin. Bitcoin is now the most popular digital currency of world and everyone has keen interest in it but if we use bitcoin for bad purpose like money laundering or to hide money then after some time it will show severe affects on our environment but if we use bitcoins to modify our money system then yes it will be very good for our environment

Kittygalore

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Quote from: Sasuke102001 on January 30, 2018, 03:30:20 PM

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.

Well this is really true. The paper bill that are used for the current currency, the fiat, will be saved, it is the environment that will be safe. The forest will.live longer amd there is a probability that it will grow again. Aside from this is the electricity in which the electricity for the office used by the banks will be gone, or somewhat be lessened.

MickyDonald

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Along with the rise of Bitcoin as well as other virtual currencies, there are concerns about power consumption. The power used for Bitcoin's operations is more than that of conventional electronic transactions. In addition to energy consumption, Bitcoin also has a huge impact on the environment because of carbon emissions. So, on the road to becoming the most valuable and reliable decentralized payment system, BTC is challenging. The source of energy is increasingly scarce and seriously affected the environment.

OrangeII

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yes, it all depends on its use. even other things can also be bad according to how they are used. well, according to me, bitcoin can make the development of a business activity from someone to increase. well, but of course if bitcoin is used for something useful in the environment, of course bitcoin will be very useful.

ChronoLite

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Quote from: Ava Duvall on September 26, 2018, 02:59:09 AM

Quote from: treatWy on September 12, 2018, 11:16:03 AM

Environment is good to bitcoin but bitcoin is good not to just to environment but also into the people lives. Nowadays, it is not yet well know all over the globe for some doesn't like this new trend of cryptosystem. However, in due time everything will be alright due to its demands and wants.

In a way yes, you can integrate bitcoin in many different ways, so it can help out the environment if put to use.

People are also thinking that BItcoin is a bad thing to use it mostly use as illegal crime and such which not everyone want to use it Also most of them are banning Bitcoin because they afraid it will ruin the economy of certain country

bitcoinminer45678

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Quote from: Dudeperfect on September 25, 2018, 09:16:03 AM

To be honest, it is almost impossible for any current innovation to consume energy without harming the environment in some way. We are living in the generation where time and money is more important than the environment for us but I am happy that the steps are being taken to reduce the percentage of damage to the environment. Mark my words, we will start taking care of the environment at the point when it will start damaging us in some way in the form of returns. This issue is not limited just with Bitcoin or crypto industry but it needs the macroscopic approach to deal with it on a bigger level.

I think with the time technology prevails and evolve over the years to till now and i think 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.

jak3

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Actually depends on how you use it, such as if you go for Bitcoin mining then it is sure that you are causing some sort of environmental damage by pollution or by increasing the greenhouse gases. But you should also review on the positive side that is the usage of Bitcoins and other cryptocurrencies are going to reduce much more hassle in the banking sectors and can improve user interaction upon the monetary transactions.

Ava Duvall

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Quote from: treatWy on September 12, 2018, 11:16:03 AM

Environment is good to bitcoin but bitcoin is good not to just to environment but also into the people lives. Nowadays, it is not yet well know all over the globe for some doesn't like this new trend of cryptosystem. However, in due time everything will be alright due to its demands and wants.

In a way yes, you can integrate bitcoin in many different ways, so it can help out the environment if put to use.

Crungcrungtin

newbie

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Bitcoin, there is no need to cut trees..
So bitcoin can be good to environment

Dimas99

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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.

bitcoin investment is not only mining, it can also trade even the environmental effects are also minimal and not detrimental when all economies also use cryptocurrency systems

Chrisjay29

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Not only mining bitcoin is the way to earn bitcoin. There lot of way earning on it. But if you tapk about enviroment it is just depend on the holder. Because there are some investment make good for enviroment and you can support it by using bitcoin. That way you can help our enviroment. But if you will think carefully bitcoin is not program to help enviroment he is program to help people to get out from poorish to rich

SusanAnn

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Bitcoin is no good but no harm to our environment, i think. Because It only costs energy to mine bitcoin

rhodelmabanal

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Quote from: Sasuke102001 on January 30, 2018, 03:30:20 PM

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.

Yes paper bills are made from trees and banking transactions are electrical consumption. It means that no matter how much you have it could also affect our environment and the people who uses it. If bitcoin exist, I don't think we can reduced the electricity because it has the equal quantities if we think.

AlexAtom

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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?

Actually it will be good if you compare with the bank system or others. The electricity, human resource, and printed money of bank system produce more waste products than bitcoin which is only produce heat from mining. So, bitcoin mining is not bad for environment indeed.

Dudeperfect

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To be honest, it is almost impossible for any current innovation to consume energy without harming the environment in some way. We are living in the generation where time and money is more important than the environment for us but I am happy that the steps are being taken to reduce the percentage of damage to the environment. Mark my words, we will start taking care of the environment at the point when it will start damaging us in some way in the form of returns. This issue is not limited just with Bitcoin or crypto industry but it needs the macroscopic approach to deal with it on a bigger level.

Sobocirevo

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Quote from: Mihail.B on September 16, 2018, 03:58:46 PM

You can stop churning out the weapons, and redoing all the factories under the mining farm. And the fact that we will leave the Fiat currency , will save the forest.)

Yes, bitcoin is definitely better for the environment because it reduces the felling of trees into paper money. Try to imagine how many trees were saved from logging because humans do not use paper money but transactions use bitcoin. Forests will return to dense and animals find a place to live in their habitat.

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