Topic: Can actually Bitcoin be good for the environment? - page 8. (Read 3221 times)
For the people who say bitcoin mining consumes lot of electric power,imagine that we have how many banks all around the world and all of them using how much electricity for their comuters airconditioners and other facilities,do you know how much amount of CFC produced by ACs every year which is the major reason for the depletion of ozone layer if we have crypto currency system we don't need all those banks which can helpful to have great environment.
The use of bitcoin in particular and crypto currency usually requires a significant amount of power, so it also affects some of the conditions. Perhaps bitokoyn is really good for the environment, for example, if we stop using paper bills, we can save a lot of trees, there is one point about how bikoyn can be useful for the environment. In addition, the current banking system consumes too much electricity.
Bitcoin is one of the popular cryptocurrency that was created in the year 2009 by an unknown person named Satoshi Nakamoto .Bitcoin is a decentralized currency that we can use free of any government and central banks and there is no evasion of taxes some economist claim that mining Bitcoin takes more energy from electricity and causes the pollution for the environment so they say it is not good ..Some critics says that China uses more power to mine Bitcoin and China relies on coal to produce power burning of coal produces carbondioxide .
It is. Cryptocurrency is much better than using paper bills. We don't need to cut trees anymore. Also, we won't need any documents to keep on reproducing. We'll use less ink, papers, and time as well. It would be a lot easier if we're going to invest in bitcoin.
I think that might be possible, because bitcoin is not like banknotes that do not pollute the environment. Bitcoin is electric money and money online, so if you want to trade bitcoin it must need internet.
It is good for environment because paper money needs trees but cryptocurrency only needs only internet for transaction.....So its totally green...So its not harmful for environment.
Maybe it can, because bitcoin transactions don't use paper. They use blockchain technology or online transactions that need internet.
bitcoin and the whole crypto system changes the world economy and the whole world! I observe how a lot with the help of ico appeared companies! these companies are engaged in the global ecology and the environment! if there were no such possibilities of collecting money, then perhaps such companies did not appear at all!
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?
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 believe it is not. Bitcoin is being done only at home or anywhere you are. You don't need to travel and spend for commuting or filling your gas tank. If it is about the electricity being consumed, there are lots of alternatives already present as of this days. The natural energies and inventions like the use of salt with water etc being introduce are just some of it. Since it is also digital, man power is not needed. There are no more works, salaries and time needed to use.
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.
Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity.
Very good idea mate having a mining farms with lots of trees and vegetables surrounding it. They must also put up a solar panel so that they can save electricity bills and use the renewable energy.
The more digitized the world becomes, the less strain will be put on concrete resources. The entire movement is hugely beneficial for the environment. Also, more wealth in the hands of the public means more people with the power to make meaningful changes.
Bitcoin is good and bad for the environment. Bitcoin's benefits, such as making payments more efficient and helping people escape inflation, outweigh the environmental toll. And in terms of a good environment i think in some way bitcoin can be good for the environment we don't need to use so much paper which are made of trees and other stuff but also there are some parts of bitcoin that can't be good for the environment. For example, Bitcoin consumed so much of energy and it is not good for environment.
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I dont believe bitcoin bad for environment. Electricity consumption for mining bitcoin is not more 3% from total consumption. People feed with negative news about bitcoin and we should read right data. Beside that, right now many alternative energy we can use for bitcoin mining
i agree on the last two paragraphs you said above but i wont agree on the first part because eletctric consumption caused by mining is not only 3% or below . miner are powerful types of hardware in order for them to be effective as much as possible and with that said , do you think they will only consume less electricity? I guess not .
Also , using other types of energy like solar , wind , water , etc is not really beneficial because the power that you will get is only small and not as powerful as a real miner .
So long as majority of this mining are done with fossil energy which deplete the ozone layer still remain inimical to the environment. Until there will be an alternative energy source that will be used for the mining that will not harm the environment then it will the best and this will shift attention from bitcoinand other cryptocurrencies. Miners can exploit the solar source or wind.
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?
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 dont believe bitcoin bad for environment. Electricity consumption for mining bitcoin is not more 3% from total consumption. People feed with negative news about bitcoin and we should read right data. Beside that, right now many alternative energy we can use for bitcoin mining
You probably heard about mines that got shut down in China for taking advantage of the cheap coal-powered electricity. I would say Bitcoin is only as "dirty" as the energy source used to mine it.
If you used green energy to mine it, then it too is green. Forgot the exact link but there were people planning to mine somewhere near the Arctic and use the residual heat from the miners to warm houses. If that is done in Norway then better since they get their electricity from geothermal plants.
If you used green energy to mine it, then it too is green. Forgot the exact link but there were people planning to mine somewhere near the Arctic and use the residual heat from the miners to warm houses. If that is done in Norway then better since they get their electricity from geothermal plants.
What makes you think Bitcoin is not good for the environment? Did the hasty development of electronic technology affect the environment?
The use of solar energy will be encouraged. Hence bitcoin can not target high power consumption and blame. When using too much power just to fill the energy required in mining is really worrying unless it uses a panel Very large solar power. Emitted energy is contributing to the greenhouse effect.
Maybe, because bitcoin has advantages like reducing crime like stealing. Because we all know bitcoin cannot be stolen by people, because cryptocurrency-related wallets have very guaranteed security.
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?
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?
Actualy theres a lot of positive impact giving by the bitcoin to the economy,and one factors of this thats you stated is those project like electricity,mining,energy saving consumption and many others by creating many ICO project,they can cultivate a good outpout fo the economy by means of digital currency and someday,could create a cashless society.
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