Topic: Debunking the "Bitcoin is an environmental disaster" argument. (Read 5025 times)

Hint: not before 2025.

And so we are asking one more time again that when will you resume bitcoin payment Elon Musk? this was traced according to his last porported feed on bitcoin mining and sustainability, he made mentioned that when bitcoin remains 50% mining energy sustainable, he will resume payment with bitcoin, now the bitcoin mining of 59.9% energy sustainable as information from the bitcoin mining council, bitcoin is environmentally  friendly, energy efficient and sustainable for utilization in mining compared to other kinds of mining.

Reference links:

https://twitter.com/BitcoinMagazine/status/1689397387670794240?t=8f2WpWPLma40-GaAdgrYlw&s=19

https://bitcoinminingcouncil.com/bitcoin-mining-electricity-mix-increased-to-59-5-sustainable-in-q2-2022/

We already knew that, we don’t need KPMG to state that! But it’s nice to know they know that as well!

The abstract shows that bitcoin dominating the cryptocurrency Ecosystem space day by day. In 2022 people were really saying that bitcoin would collapsed because of it downward in the year. The bear market of bitcoin in the 2022 made many people to be scared of the technology because many companies collapsed base on it bearish market at that time.

A great paper was published today by KPMG:




Everything it is written in this paper is well known to you, avid readers of this forum and thread, but the fact that it is coming from KPMG is astounding.
Not because the things written in the paper are now more true, but because it demonstrates times are slowly changing.

Wow this is an amazing PDF, an added advantage to Bitcoin mining, miners are not to profit from the process alone but the environment included in its own form, Bitcoin is not just proving to be the best cypto currency but also beneficial to the environment, I see this as an opportunity for Bitcoin to be accepted by nations all over the world as the year proceeds,
Thanks for the post sir.

Bitcoin is actually good for the environment, and more and more institutions understand that:



Here is a direct link to the paper:

Climate Impacts of Bitcoin Mining in the U.S.



So while it recognises the importance of the role played by Bitcoin miners in carbon curtailment via the recovery of methane in "dead wells", as well as the rebalancing benefit in a network, they reject the claim that Bitcoin miners are distinguished users of renewable energy, butting their non-fossil usage absolutely on par with other industries.

disagree (not sure if this is the linked article verbatim, didn't check)


this is yet another (and there are soooo many ) example of IPCC driven corporate drivel.

most renewable energy products destroy or disrupt pretty large natural habitats and the (former) ecosystem that depended on it. Hydro dams are perhaps the worst, and I was surprised to see recently that experts on desert ecology claim that solar farms ravage the extensive underground system of plant roots that represents a significant part of the livable portion of that type of habitat (who knew?). but this is a case-by-case thing if ever there was, perhaps volcanoes don't house much wildlife to speak of (after the revelations about the desert though, I wouldn't be surprised if that's wrong)

I understand that going back to the stone age is the only realistic way to genuinely protect wildlife from human encroachment. But please, let's call it like it is: renewable energy projects invariably fuck the natural world up, and so the proven false arguments about anthropogenic climate change are in fact hiding the reality that industrial landscapes (which renewable energy plants are) are being extended even further into nature in the name of preserving or protecting it.

quelle surprise: UN agency tells extraordinarily humongous lies that destroy the very thing they claim to seek preservation of, and generate further money (for their friends) and power (for themselves) in the process.

The more we keep saying why bitcoin mining is more environmentally friendly has brought about the decision for the use of a Natural Volcanic Energy for Bitcoin Mining in El-Savador, this is one of the best ways to adopt the use of a renewable energy source for bitcoin mining without having the power challenge from centralized authorities and governments across the world concerning the energy demands for this same bitcoin mining.

El-Savador is now getting more and more global attraction ever since it bitcoin adoption as legal tender, moreso, we have a number of miners considering El-Savador and it's new discovery of the use of volcanic thamal energy for their bitcoin mining after leaving the US due to the unceasant government demands on regulations, Tether is making this first move to create a bitcoin mining rig under a volcanic renewable energy source in El-Savador, bitcoin is environmentally friendly.

Source:
https://tether.to/en/tether-participates-in-1-billion-investment-to-build-the-worlds-largest-bitcoin-mining-farm-in-el-salvador/

Another plan by Bhutan renewable bitcoin hydroelectric power plan is to boost it's operations in other to increase the mining activities thereby putting in the sum of about $500 million to move it mining operations to the next level.
https://twitter.com/BitcoinMagazine/status/1654093859322834946?t=eRC9bRHD4fOHj2K7gEAW9Q&s=19 we could see that after the discovery of this new mining activities from Bhutan after some years of being silence and unknown, they seems to be fully prepared for the task ahead towards mining bitcoin after understanding that role of financial capacity in this and hopefully Bhutan is going to be one the the most recognized bitcoin renewable mining facility in the world if they remain unstoppable in this.

Another big discovery of an environmentally friendly bitcoin mining has been identified, information coming from Bhutan whereby it uses the Himalayan hydroelectric power supply to source for it renewable bitcoin mining energy needed, the more interesting aspects of this does not end with the use of a renewable energy source which is environmentally friendly but the mining plant had been long in existence some years ago when bitcoin prize was as low as $5,000 and people don't know about this achievement with Bhutan.



source

Bitcoin mining is environmentally friendly, it does not pollute the environment, it rather provides solution to the already dilapidating one caused due to other human activities, the best way to mine bitcoin is to go through a renewable energy as such discovered in Bhutan hydroelectric power for mining bitcoin.

Just to let you know this thread has been translated into Romanian by my friend Gazetabitcoin:

Bitcoin Energy Mix is far better than the one used by EV's, yet they want to ban Bitcoin mining, even if it doesn't emit a single gram of CO2.




I suggest you to check the whole analysis:
BITCOIN BY ENERGY SOURCE

Because mining requires a large source of electricity, it's not strange to spend tens of millions each month, but seeing the potential results from mining is worth it, and the electricity is so large that it can reach 70,000 megawatts which can cause heat waves that can disrupt parts of the country, such as happening in Texas, but do they think much about the environmental impact? I think so, while being able to get a lot of profit from them no matter what.

But they do indeed waste enormous amounts of energy. Something like 30%+ of all energy produced is wasted simply to maintain energy margins against demand so that brownouts/blackouts don't happen. Demand is variable, production is not so variable, so to make sure demand doesn't suddenly outstrip production at certain times of the day or during certain events (usually probably weather events) power plants have to produce way more energy than the consumers of that energy need. I believe it is actually written into law in the US at least and I assume most places that have reliable power, that they have to overproduce energy by some certain amount. So yeah, power plants do waste huge amounts of energy, which is where these Bitcoin mining companies are starting to come in to turn that enormous wasted energy into actual economic value.

Same sort of thing with flare gas. Where gas created by the industrial processing of oil doesn't have a means to be put to productive economic use so the gas is just burned off. There is at least one company in the US that is turning that wasted gas (again, totally wasted energy) into economic value by using it to run Bitcoin miners. Wasted for a different reason than power plant waste but the same concept of entirely wasted energy being given economic value thanks to Bitcoin mining, and this is something unique to Bitcoin (well PoW in general but Bitcoin is the only PoW that matters) as there is nothing other process in the world taking this wasted energy as input and created economic value as output.

If politicians, especially environmentalist types who are the ones who actually give a damn about the world, understood bitcoin mining to this degree, rather than just the "it wastes tons of energy and contributes to greenhouse gases" propaganda, they'd be the strongest proponents of Bitcoin mining and we'd be having every power plant in the country taking advantage of this. Govt could even regulate this stuff and be like based on how much money power plants save thanks to Bitcoin mining operating at their plant they have to pass on some of those savings to consumers, thus reducing the price of electricity for consumers.


Eventually, most of Bitcoin mining is gonna be renewables and or consuming entirely wasted power plant energy at the source. Only thing that could stand in the way of this natural movement to economic efficiency is if bitcoin-uneducated politicians make rules to stop bitcoin mining.