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Topic: Can actually Bitcoin be good for the environment? - page 6. (Read 3226 times)

member
Activity: 756
Merit: 12
I am always thinking, bitcoin can be good for environment. Electricity capacity used for bitcoin is not more than 3% from total capacity and i am believe bitcoin dont give bad effect to environment
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
Are not. I think that bitcoin is bad for the environment. Exploitation, bitcoin trading has consumed a large amount of electricity in the world. The bitcoin extraction causes the temperature to heat up.
newbie
Activity: 60
Merit: 0
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 Bitcoin cannot produce or contribute to the environmental issue. However, Bitcoin procedures considered as one of the sign about industrialization and modernization but its development only done inside the internet. Thus, Bitcoin operation is rather really helpful for our environment. As the digital currency continues to improve the internet as the field of knowledge, it allows to generate informations about protecting the nature. Also, the budgets produced by this procedures may also contribute to the maintenance of our natural world.
sr. member
Activity: 647
Merit: 255
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
The positive thing about a bitcoin that it is a digital coin. Comparing with the regular money it doesn't require printing that saves trees, energy, and human labour. Doesn't look that bad to me. The environment benefits with a bitcoin.
member
Activity: 271
Merit: 10
Actually Bitcoin can still be good to the environment if people will just think positively and consider the good and bad side of the business. People must not just think for their oen sake but to others as well. They should be fair in all other aspects.
newbie
Activity: 23
Merit: 0
Depending on how we use them, so be a truly smart investor that takes full advantage of the bitcoin exploit. This is a very secure environment, and the only mistake is coming from the user so still. Be careful in dealing. Risk can always happen and how we see it. So I have the opposite question whether this environment is good enough for you?
newbie
Activity: 14
Merit: 0
Bitcoin has nothing to do with condition. Power-plants are the individuals who contaminate the earth not bitcoin. So on the off chance that we go to more earth well disposed methods for making electric power, we will have issue unraveled. Bitcoin ranches don't require excessively space, additionally that space around it could be utilized for delivering electric power for that mining ranch. Place some sun oriented boards or some breeze turbines and there you go. Everybody glad. Just individuals that need to see bitcoin fizzle will state that bitcoin is awful for control industry...
member
Activity: 322
Merit: 10
for me it's good to have a bitcoin either because if we use the payment for everything we buy is bitcoin we will not use paper money to prevent it from garbage that will spread to our environment
newbie
Activity: 75
Merit: 0
I dont think bitcoin is being more good than being bad to the environment since mining bitcoin require a lot of energy.
full member
Activity: 1330
Merit: 147
As a new technology system will definitely have positive and negative impacts, yes I agree to someone who says bitcoin consumes large amounts of electricity and that has never existed before, but this will end considering the number of bitcoins that have not yet been mined will be completed in 2021, this indicates after 2021 the use of electricity will return to normal. However, you have to look at the positive side that will be generated with bitcoin, as a simple transaction system and can also be used as an investment and trading system that will provide benefits for its users, and of course this will continue to exist even though bitcoin is finished in the mine.
full member
Activity: 1218
Merit: 105
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?

No i don't think so. Even without bitcoin the world is already changing to a compiter technology. Even the small children or even infant uses electricity for their gadgets. Bitcoin is just a part of this technology. Its the plastic waste that are causing harm to our environment.
Very well said, It's correct to say that almost everyone in this world uses electricity not everyone but the majority of the people, especially those who live in the cities uses electricity and this is part of the innovation of our lives that makes it easier for us to live. There are alternative ways to get clean energy for example; we can use hydro energy that comes from the running water or wind energy that obviously comes from the flow of air lol Grin and also solar energy that comes from the sunlight all of this are the good energy sources that produce no waste or less waste and 100% ecologically friendly.  Cool
jr. member
Activity: 140
Merit: 2
Everything and anything can be good and bad to the environment. Its just how the way we manage it can this idea change. The huge usage of electricity of mining of btc right now is huge sure, but improvement can never come without sacrifices. There should come a time where mining could get an alternative or it could manage to improve itself where it uses less resource.
hero member
Activity: 2590
Merit: 644
It will be good for the environment if they will be having bitcoin because bitcoin is not just all about the money or profit that you can make with bitcoin because you can also take advantage of the technology called blockchain where you can implement it to have a faster and more AI based system that can help to make a better version of our environment.
sr. member
Activity: 1162
Merit: 251
I think bitcoin is not good for the environment. Bitcoin has consumed a lot of energy. Using computer to dig up bitcoin has consumed a large amount of electricity in the world.
At least it is more friendly than cash, electricity does not have a big adverse impact on the environment, while cash from paper
materials is made from wood-based materials and of course it's not good for the environment, with digital we save trees
newbie
Activity: 112
Merit: 0
Machines and computers create a lot of warmth. And warmth requires a place to use, but where do you ask. This is the question you need to think about to get environmentally friendly products from bitcoin mining.
Bitcoin mining may not create environmental conditions.
newbie
Activity: 37
Merit: 0
Yes, because we do not handle the transactions with the paper bills we are saving trees.
newbie
Activity: 196
Merit: 0
bitcoin is a good project they help the environment to improve and grow the world system, and many of the lives of those who are helped by bitcoin are all successful in their lives by bitcoin, I want to thank bitcoin.
because there are so many people around the world who are helped by bitcoin,
newbie
Activity: 132
Merit: 0
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?

No i don't think so. Even without bitcoin the world is already changing to a compiter technology. Even the small children or even infant uses electricity for their gadgets. Bitcoin is just a part of this technology. Its the plastic waste that are causing harm to our environment.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
I think bitcoin is not good for the environment. Bitcoin has consumed a lot of energy. Using computer to dig up bitcoin has consumed a large amount of electricity in the world.
full member
Activity: 203
Merit: 100
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?
Then start finding or sourcing out an alternative source of electricity such as putting mining farm in an open field in which they can cater establishing a solar panel farm just to sustain their environmental source of electricity so that they will not have to use that much of their money paying for a large electricity bill to support the operating power for mining of Bitcoin. Also, there are already lots of sources that have already proven and tested in which I think thry can already afford to purchase for the reason that it is also for their own sake.
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