Topic: Can actually Bitcoin be good for the environment? - page 7. (Read 3226 times)
Bitcoin will never affect the environment.but the process of having it like mining affects it because it uses high consumption on energy..
The traditional bitcoin mining does waste a lot of resources, but with the current mining methods of other altcoins changing, the loss of resources is not as exaggerated as bitcoin. But its still good for the environment if ammended
Bitcoin does require a lot of electricity. But the benefits far outweigh the disadvantages. And besides, renewable energy can be utilize to minimize the negative effect of bitcoin into the environment.
That's right, especially now that there are many environmentally friendly energy, such as using solar energy for example, all parties must have thought about this problem, that's why they always try to always improve the situation, with new findings 
The energy consumed for Bitcoin mining is small compared to traditional work. The pollution caused to the environment is very small. Tapping requires large amounts of electricity but the world has a large number of banks and their buildings are countless, if there is no bank, we can save all the electricity and can save the environment. Normal people will save bank fees and time because we can do it ourselves in seconds.
Bitcoin does require a lot of electricity. But the benefits far outweigh the disadvantages. And besides, renewable energy can be utilize to minimize the negative effect of bitcoin into the environment.
I would not say that it's completely good for the environment but it does lesser harm than actual physical currency. For one, it does not require printing versus physical currency. What is used for printing. Papers, right? Where do papers come from? The trees!
I think that btc can be good for the environment but I am not sure that I know how exactly and when it will become like this. As for me, this is the best way to trade, I don't know how else to use btc
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?
Mining bitcoin may not create the environmental conditions around. Machines and computers create a lot of warmth. And warmth need somewhere to use, but where you ask. This is the question you need to think about to get an eco-friendly product from bitcoin mining. 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?
that bitcoin is not needed to be present in physical form (such as fiat money) that proves bitcoin does not need to spend paper and metal which of course will consume natural resources in the form of trees and metals. That is another point of bitcoin that is good for the environment,
Bitcoin will soon reach the stage that its production will be carried out completely with the help of alternative energy sources.It seems to me that comparing the energy that is spent on bitcoin mining and the energy spent by a person in the office is somehow illogical
Yes bitcoin is good for environment. Bitcoin has no negative impact of environment. Other in banking sector use lot of electricity they have negative impact of environment. Bitcoin have lot of good side and they help grow many system in environment.
I want to reply here even after so many answers because this is a wonderful topic.
What you are saying here is the actual state of affairs related to Bitcoin. What we need to pay more attention to is how the future can be when utilizing this technology for everyday transactions. I still believe that Bitcoin will NOT replace fiat currency, people will be able to choose what they want to use.
As soon as mining is finally over, all that electricity consumption will be reduced substantially. Problem is, a lot of machines will be dumped - But they can also be recycled. Then the truly green era of Bitcoin would start.
Also, as electric companies move to more clean energy sources the effect will be really impressive. However, citizens need to continue pushing for it to happen.
What you are saying here is the actual state of affairs related to Bitcoin. What we need to pay more attention to is how the future can be when utilizing this technology for everyday transactions. I still believe that Bitcoin will NOT replace fiat currency, people will be able to choose what they want to use.
As soon as mining is finally over, all that electricity consumption will be reduced substantially. Problem is, a lot of machines will be dumped - But they can also be recycled. Then the truly green era of Bitcoin would start.
Also, as electric companies move to more clean energy sources the effect will be really impressive. However, citizens need to continue pushing for it to happen.
I think the questin is asked a bit wrong. Bitcoins themselves don't have any input on our environment if we're talking about nature. Minig of bitcoin is what may couse some bad effects.
Yes i will, because there so many people around the world helped by bitcoin, and bitcoin is nice project they help environment to upgrade and to grow the world system, and a lot of life of people help by bitcoin they all successful in their life by bitcoin, i want to thank bitcoin.
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?
People are the only responsible for the environment so they can use blockchain technology to Affected positively but bitcoin itself has nothing to do with environment. 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?
With renewable sources of energy and popularization of this sources of energy I think Bitcoin will be good for environment like all other things that
needs electricity. World still doesn`t know how to use all the energy, despite the hype around the progress of renewable energy, many people don’t
realize that solar and wind have only made a tiny dent in the energy mix thus far. The good news is that costs are coming down and many people are
starting to adopt green technologies, but there is still a mountain to climb if we want to truly get off of fossil fuels on a large scale.
There is a need for cheap, renewable energy with simple solutions. With development of human technologies we will come to this too, I don`t
worry about it. Hype that`s been made about energy serve for big companies to earn a lot of money from selling energy to people.
needs electricity. World still doesn`t know how to use all the energy, despite the hype around the progress of renewable energy, many people don’t
realize that solar and wind have only made a tiny dent in the energy mix thus far. The good news is that costs are coming down and many people are
starting to adopt green technologies, but there is still a mountain to climb if we want to truly get off of fossil fuels on a large scale.
There is a need for cheap, renewable energy with simple solutions. With development of human technologies we will come to this too, I don`t
worry about it. Hype that`s been made about energy serve for big companies to earn a lot of money from selling energy to people.
Definitely not for the enviroment.
Unless they change the way to mine it and seitch to PoS or something more green you can't sat something like that. It was an issue at the beginning and it continues to be.
There are too many aspects to consider and many factors that can cause the end of profittability for miner.
Unless they change the way to mine it and seitch to PoS or something more green you can't sat something like that. It was an issue at the beginning and it continues to be.
There are too many aspects to consider and many factors that can cause the end of profittability for miner.
For me it is not good for the environment or it can add to our problem in global warming because bitcoin mining hardware's consume too much of our electrical energy and it produce too much heat, i think miners will used alternative ways to cut this problem in the future.
It is not somehow, because of the consumption of electricity it has a negative effect also. Though probably, lesser than the common source of pollution but still, it has and indirect negative effect. On the other hand, it is a good thing that it can lessen the use of paper because it is a cashless source of payment.
It may not directly affecting the environment but the the consumption of electric power because of the use of technology is somehow negatively affevting our environment. Also, it affects our health because of too much radiation from laptop, computers and cellphones.
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