Topic: Do You Think Bitcoin Mining Will Be Banned Due to Fears of Climate Change? - page 4. (Read 1036 times)

1. They might begin to try doing it more quickly not because of climate change, it might be because of concerns on energy shortages.

2. Yes and it will be through higher taxes and government makes it harder to apply for permits.

3. In Europe and in America, no hehehe. Why would they waste taxpayer's money? But they might do it in El Salvador. What are the updates on the bitcoin volcano?

4. This might be possible if costs on energy become low again.

Some countries started planning ban Bitcoin mining such as China while European country have their eyes on shutting down Bitcoin mining activity in belief that Bitcoin Mining greatly contribute to climate change.


Definitely, they will impose laws and regulations that will make mining Bitcoin harder.  They are finding a scapegoat for their fault on mismanagement of the environment that contributes to greenhouse effect and they see Bitcoin as one.  So they will put blame on Bitcoin, spread false information and trigger anti-Bitcoin mining mass rallies.


It is possible but I think since Bitcoin principle is against centralized fiat financial system, they will find ways to exterminate Bitcoin first, incentivize would be a second option if they failed on their first option.


It is possible if Bitcoin survives all these environmental controversies.  There is always a saying.. "if you can't beat them, join them"  Hopefully, Bitcoin will triumph all these hurdles and make the government realize the importance of the technology Bitcoin brings.

This is not an area where I am an expert, but I will try to provide some insight. Is Bitcoin mining contributing to climate change? Probably. There are definitely positives and negatives from the perspective of climate change, so it is hard to sum up a clear-cut opinion. But that does not mean Bitcoin mining will be banned anytime soon. While it may contribute more heat to our planet, so does the existence of these big institutions that hoard wealth. And we all know how entrenched they are in society at this point, regardless of what benefits they might bring (which in itself is debatable). If you are doing something wrong, there are always going to be people trying to fix it, or at least mitigate the damage. The problem then becomes one of accountability and sustainability, especially when energy sources like coal and oil are being subsidized by government entities who claim their environmental responsibility is not strong enough to lead the way into technologies like alternative energy or energy efficiency directives and standards. So, where does Bitcoin mining fit in? Probably a lot more controls and regulations, but not a full ban. When you ban something, you lose all control over it, and governments do not like that.

Whatever they try, won't be able to stop Bitcoin mining anyway. Yea, Bitcoin haters always raise a question about the energy consumption of Bitcoin mining. They don't want to mention any other things that consume more energy than Bitcoin mining which is useless. However they can't stop mining, they would prevent using energy. So miners have to move renewable energy where always many mining farms doing the same.

In my view, what will happen is number 4: all of this will calm down one day, Bitcoin will be left alone and world leaders will focus on other, more important things?
This struggle will continue for some time between governments and mining companies as governments will constantly try to put more pressure on mining companies and at the same time these companies will keep trying to find alternative solutions as long as mining is still profitable, governments will eventually give up and believe that they cannot stop Bitcoin and they will get busy with other problems.

I know governments may mine BTC if all of these happen, but the chances of them happening soon is small and for bitcoin to be used by a large number of the global population will take a long time before it will happen, not that it won't. If we hypothetically agree to all of these scenarios, do you think a government like that of the US or the CCP will mine BTC openly, even when they've 'openly' not supported either BTC or BTC mining all these years, or they are going mine secretly, another thing is, can we be sure some of these top government officials do not anonymously/secretly own BTC mining farms, they know what's good right .

Even though it was me who instigated it, I agree with you that we shouldn't go there. All I wanted to say was that those in power have the means to get the masses to believe what they need them to believe. That can be that you are sick and need to be cured or that your use of Bitcoin is the reason why polar beers will die out soon. I will stop further comparisons now.

I don't really understand how this issue will be handled and regulated by the government because I believe they want to have more control over the industry. It seems that the second point in this thread pool makes a lot of sense to choose from, and I dropped my pick right on it.

What happen? I think that's the government's way of preventing things they don't like and forcing companies to pay big profits to government without having to revoke their business licenses. Instead of banning, I would strongly believe they like to regulate, so there will be complicated procedures for bitcoin mining companies in the future due to government regulations.

I agree with the op that the attention to environmental impact of Bitcoin mining is way too high and considerations of banning it are way too common, while many industries are basically being ignored or not investigated enough. At the same time, I wouldn't say that calls to ban Bitcoin are even made based upon thorough investigations; instead they seem to largely rely on speculations, assumptions, lack of context. I think mining in the US won't become banned at the federal level, but perhaps some states would do that. As for the EU, I think they currently also have bigger issues, so I don't find a full mining ban likely. As for more regulations, making mining harder - unfortunately, I do think it's likely in Western countries, but it will be an issue only to miners who are currently in those countries, not to the network itself. Incentivizing clean mining is possible, but perhaps more likely as a part of incentivizing all or many of those who are currently on fossil fuels, not miners specifically. Finally, I think Bitcoin is already not the top priority but just one recurring topic that gets some attention from governments, and it's likely to linger on like that in the future, but without Bitcon being fully left alone.

Banning bitcoin has been on the lips of governments of the world and a few have dared to carry out this sentencing on the network but haven't been very effective to see it through effectively. This is given the fact as to how decentralized and free to air bitcoin is amongst the few who uses the network.

Before, there bone of containment has been related to untraceable fraudulent activities and now, climate change gives them an even bigger excuse to want to do away with a network they don't fully understand and can't control. Unfortunately, it's stil out of there control and no matter what regulations are put in place as humans, we would always fined a way! Unjust rules will always be broken and that's a fact!

I'm not going to derail this in to an argument about vaccines, but I would encourage people not to make this comparison when arguing about bitcoin's energy use. All evidence points to vaccines being safe and effective, just as all evidence points to bitcoin mining using an insignificant amount of electricity and using one of the highest proportions of green energy of any industry. But regardless of that fact and your own personal beliefs about vaccines, if you link arguments about bitcoin energy use to anti-vax sentiments, or anti-climate change sentiments, or any other fringe belief for that matter, then you risk sounding like a conspiracy nut and having your arguments dismissed without consideration.

It is enough to simply stick to the evidence. Spread the facts about bitcoin mining far and wide without drawing unnecessary comparisons to unrelated topics.

I will say this again, bitcoin mining never ever impacted anything into the nature. That’s the shit load of maths and anyone with formal degree can calculate it smoothly.

The paradox is that: We invented electric vehicles but we charge them with the electricity that was generated using coal and nuclear plants with nuclear waste being drown to the ocean floors.

. . . . If this this still not concerning to the nature then I am pretty sure bitcoin is way way cleaner than what we already doing or did since hundreds of years.

Bitcoin 10-12 years old and every politician in the world mastered that it’s impacting the carbon emissions just like that. Ever seen smoke coming out of bitcoin mining farm?
The heat that is produced from the mining farms is lesser than what is needed to heat up the entire Europe throughout the winter season and still they blame it for natures disturbances.

All the environmental protection stuff is cover up stories slowly being injected on the minds of people so that they can stop using bitcoin slowly and get into the traditional banking in full fledge format.

This is just complex and well planned agenda being plotted against Bitcoin and it’s usage.

“Bitcoin mining is still greener and still worth it as compared to the mess that we have done with industrialisation”.

Since when does the truth matter in circles that decide the course of action? If you have mass-media behind your back, powerful organizations, financiers, and politics, the truth can be bent to achieve a certain goal. Imagine trying to force the world's population to mass-inject a "cure" or "symptom reducer", for healthy people, lock them up in their homes, and prevent them to work and live freely? Now that would be crazy. But wait, why does that sound familiar and something that worked? 

But it's not a question about banning the use of dirty energy in mining and having mining firms switch to renewable energy. It's about banning mining altogether, no matter if the energy is clean or not. If something is banned/illegal, you can't transition to a different source. You might not get caught if you, that doesn't mean you are in the right in their eyes.

Like I said earlier, do voices and reports like the one you linked to get enough coverage on controlled media, are they considered in parliaments and senates, will they in the end be reasons why anti-bitcoin agenda will lose?

There are banks in the United States that can't go bankrupt ever no matter what they do. They worked out directives that make them essential and irreplaceable to the economy. If they become responsible for billions and trillions of dollars of debt and losses, they will be bailed out and the debts will be paid back by the American people. But if the regular Jos operates a business, goes into debt, and has to file bankruptcy, he won't be bailed out because the future of himself or his family isn't that important.   

First of all this is not entirely true, as you said government uses this statement to scare people and for the sake of escape solution if there is a question raised against their coal burning,etc...

Yes the Bitcoin mining requires high amount of electricity but its not that high comparing with the entire banking system, infrastructure, servers required for processing, so I hope in future the mining won't be affected and I expect the government to support mining farms to build ecosystem using renewable energy sources.

A scientific study by Nature magazine on the subject
https://www.nature.com/articles/s41598-022-18686-8

Governments can do it or try to do it if they want to but to succeed, they must provide solid reasons to ban Bitcoin mining.

Honestly, I don't believe they can provide solid reasons behind their decision. Their citizens are not stupid and in free world, people can have access to multiple resources, governmental and non-governmental so that they can not what governments want to shill is not true.

Bitcoin mining industry contributes to carbon emission so it has effects on Climate change. However, if governments say they must ban Bitcoin mining because of it, just to reduce impact on Climate change, that is not convincing. If they care about Climate change, they should ban other industries that emit more carbon and green house gas than Bitcoin mining.

The latest report from Bitcoin Mining Council does not support governments.

this kind of their Attack has always been happening without any further consequence on bitcoin network, bitcoin is environmentally friendly and they themselves know that, but the central authorities will always agitate on this bitcoin bitcoin isn't centralized under them (government) and they shouldn't expect any change from PoW to PoS while the only one they should expect is the advance use of renewable energy source for bitcoin mining which everything about mining bitcoin will go green.

 
No, bitcoin mining cannot be banned and i they succeded then it's a way forward to quickly implement the use of renewable energy source allover and abandon the energy source from government but i believe they wouldn't also wanted to do such because of the tax and other means they generate income from bitcoin mining.


bitcoin mining has gone beyond thier boarders of reach, miners now mine bitcoin right from the comfort of their homes and setup a rig under the improvised renewable source, converting environmental energy waste into use for bitcoin mining.


The earlier the government knows that this is to thier own detriments, that all the earnings from bitcoin mining would stop coming in for them and government role regarding energy utilization will be less effective with bitcoin mining.

The monitoring of electricity consumption is already a thing. That's one way how to catch owners of home-made marijuana plantations.

Attacking bitcoin due to the volatility has become boring. Throwing dirt at something for being dangerous (for its volatility for example) is not a credible threat when you consider how many people are gambling drinking alcohol, abusing drugs. No one listens to that don't trade Bitcoin, it's dangerous narrative.

But with climate change nonsense, you get to frighten your listeners with things like your children won't have a home on this planet if you don't do something quick. One of those pollutants is Bitcoin. Hopefully it won't work.

Greenpeace is lobbying the US government. One way or the other, they have a voice. Maybe no one takes them seriously but they are shouting. Bitcoincleanup.com is a great initiative but it remains to be seen if it or something similar can become a valid counter argument in institutions of power. 

You are forgetting about the implications of what such an industrial scale mining ban would have on the security of the blockchain. It's no longer the same secure network we have today and it becomes considerably easier to attack by adversaries.

No, the reason why it will not be banned entirely is because it has contributed to the growth of some of their users in the land, and they have seen what Bitcoin will do in their environment in future if they do everything to protect the miners . I guess, the government will do everything possible within their power not to allow such climate to happen to bitcoiners in the environment, because Bitcoin has helped many miners in the country to became successful in their business
Yes, since many people know that miners are making big money from their mining business in the country, The government can decide to increase their taxes in the country just to make it difficult for them to earn well or not to have good network to mine bitcoins in the land.

I can never be surprised at human stupidity in the sense that they blindly believe what the mainstream media serves them - and this whole agenda that the world will remain in the dark because someone is mining Bitcoin might make sense if there were no statistics and elementary mathematics. How powerful those behind such an agenda are is not in doubt at all, but all those who have an elementary education should distinguish lies from truth.

As for the EU and their plans to ban POW, just the other day in another thread I wrote that except for Germany, which supposedly has about 3% hash rate, all other countries have maybe even that much (or less), so if the EU wants to stand by China and some other democratic countries I have nothing against them showing their true colors.

What gave momentum to the anti-POW group was certainly the merge in which a popular altcoin successfully switched to POS, and some of them think that now is the right time to do the same with Bitcoin. I'm glad they don't know the difference between a centralized altcoin where all the moves are made by one person, and the Bitcoin community, which knows very well that leaving POW would mean the end of Bitcoin as we have it today.

The myth that POW threatens the climate has long been debunked, and people just need to be prepared to prove it to anyone who says otherwise.