Does Bitcoin have the potential to impact climate change?

NeuroticFish

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

Does Bitcoin have the potential to impact climate change?

Yes and you will find stories about it and a lot of FUD too.
* Bitcoin mining consumes a lot of energy (and OMG we gonna die because of this /sarcasm)
* Bitcoin mining can be used to consume excess energy in many cases, including, for example methane that would otherwise be burned or released to the atmosphere
* Bitcoin is money and money drives to both good and bad, depending on the people having it

Assface16678

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Quote from: Zoomic on March 24, 2024, 01:36:33 PM

Just like every other power houses and production houses, Bitcoin mining consumes lots of energy. During the mining process, dangerous chemicals (carbon dioxide) are emitted into the air, thereby polluting the environment which in turn contributes to climate change. What ever has an advantage also has disadvantages, but the Bitcoin mining activity can actually be regulated so as to enable an clean environment free from pollution generated by Bitcoin and other cryptocurrencies mining activities. It is even safer to know that Bitcoin mining doesn't really pose as an environmental threat since we only have few miners in the world.

Notice that if you will search online for bitcoin miners you will see a lot of bitg operations that run bitcoin mining, i've watched a vlog topic about bitcoin mining and there's an operation that is so big and only dedicated for bitcoin mining I think this kind of big infrastructure is what OP is pertaining, because this big space has many gpu's or computer thatbis being operational for bitcoin mining solely and we know the energy consumption of an bitcoin mining device consumes a lot of electricity, the more powerful thr device the more energy it requires, although bitcoin mining is not the only or major contributor to climate change or greenhouse gases they still can contribute and that's a fact. But we can't just blame or see bitcoin as the major contributor to climate change; there are more things out there—factories, appliances, power plants, and many more—that are more harmful than what bitcoin mining does.

Zoomic

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Just like every other power houses and production houses, Bitcoin mining consumes lots of energy. During the mining process, dangerous chemicals (carbon dioxide) are emitted into the air, thereby polluting the environment which in turn contributes to climate change. What ever has an advantage also has disadvantages, but the Bitcoin mining activity can actually be regulated so as to enable an clean environment free from pollution generated by Bitcoin and other cryptocurrencies mining activities. It is even safer to know that Bitcoin mining doesn't really pose as an environmental threat since we only have few miners in the world.

kryptqnick

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Bitcoin can have both positive and negative impact on climate change, depending on existing policies, and on the sources of energy. If a country's already very eco-friendly, Bitcoin miners there are using clean energy, so there's nothing bad going on. If a country's relying heavily on fossil fuels, then miners are probably using such sources of energy and are contributing negatively to climate change. But influence can be positive because Bitcoin miners can be big buyers of clean energy, creating a demand for it and boosting further growth of that industry.

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Energy consumption? Only a few percentage of total people in Bitcoin community are miners if that what's we are being concerned of here. Bitcoin is a digital currency therefore it has no direct relationship or effect to environmental problems. However, there's a tendency for indirect environmental issues concerning energy consumption. But practically speaking, should it be really solely blamed for Bitcoin itself? If you are a Bitcoin miner, would your energy consumption in each mining rigg would be limited to mining alone? I highly doubt.

Quote from: Marvell1 on March 24, 2024, 08:39:10 AM

Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

Does Bitcoin have the potential to impact climate change?

Any industry or sector that consumes energy will produce emissions, and bitcoin mining is no exception. But the problem here is that the climate change impact from bitcoin mining is negligible compared to many other sectors, but many people are over-exaggerating it and cause unnecessary misunderstandings.
Bitcoin is also a field that is bringing benefits like many other industries and the benefits it brings to us are even greater so consuming energy or creating emissions is acceptable.
Whether we have bitcoin or not, climate change will still happen, don't just blame bitcoin or any other field, instead it is us humans who are destroying this earth.

Climate change is affected by many factors and energy consumption related issues are just one of it but we cannot simply put it in general. If it is with climaate change there are more toxic chemicals and smoke that destroys our environment which should be given more attention than with Bitcoin alone as a digital currency.

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Quote from: Crypto Library on March 24, 2024, 01:54:14 AM

Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

While Bitcoin itself doesn't directly influence climate change, there are concerns surrounding the energy consumption associated with Bitcoin mining. The process of mining Bitcoin requires substantial computational power, which in turn demands significant amounts of electricity. This electricity often comes from non-renewable sources, leading to greenhouse gas emissions and contributing to climate change. However, the extent of Bitcoin's environmental impact varies depending on factors such as the energy source used, mining hardware efficiency, and operational location. Efforts within the cryptocurrency community aim to address these concerns by promoting sustainability, transitioning to renewable energy sources, and improving mining hardware efficiency. Thus, while Bitcoin may not directly change climate change, its energy-intensive mining activities raise important environmental considerations.
Does Bitcoin have the potential to impact climate change?

It is actually true that Bitcoin mining costs a lot of energy and some of its effects will fall on the environment it will natural. But it would be a mistake to think of Bitcoin mining alone as a potential cause of climate change because there are many other factors besides mining that have a greenhouse effect on our planet, especially the smoke from mills and their waste products Green house effect is constantly increasing in our world due to various reasons.
Moreover, Bitcoin mining is also starting to read from renewable energy sources such as solar panels. No one should blame Bitcoin mining alone because mining has a large part on alternative coin mining as well. The future will see that mining will be done using renewable energy solar panels, so the small losses that are currently being incurred will also be reduced in the future. And those who care more about the environment should do this renewable energy if they want to do mining.

Recent trends indicate that Bitcoin mining could be very sustainable. Solar, wind, and other renewable energy sources are growing. This shows industry commitment to innovation and responsible growth.

All sectors have an environmental footprint, but Bitcoin mining is taking proactive initiatives. This switch to renewables shows environmental awareness and smart economic strategy. Market fluctuations are expected, but renewables in Bitcoin mining could improve stability and efficiency. Solar electricity is a promising option for mining companies seeking environmental compliance. It promotes energy independence, environmental sustainability, and cryptocurrency growth.

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

Does Bitcoin have the potential to impact climate change?

Any industry or sector that consumes energy will produce emissions, and bitcoin mining is no exception. But the problem here is that the climate change impact from bitcoin mining is negligible compared to many other sectors, but many people are over-exaggerating it and cause unnecessary misunderstandings.
Bitcoin is also a field that is bringing benefits like many other industries and the benefits it brings to us are even greater so consuming energy or creating emissions is acceptable.
Whether we have bitcoin or not, climate change will still happen, don't just blame bitcoin or any other field, instead it is us humans who are destroying this earth.

barto123

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like convid, climate change is a scam to usher in communism, it's not getting hotter/the seas aren't rising

however the weather is changing due to geo-engineering - have you looked at the skies lately? nothing is organic

we are all carbon based life forms, no co2 means no life - funnily enough the super rich are trying to massively reduce world population

bitcoin uses renewable energy & fossil fuel. heck, it doesn't matter to be honest. if bitcoin replaced fiat it would fix climate change lol because fiat is one of main underlying scams in the matrix

so yes it does have the potential to impact climate change lol

Maus0728

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The way that a lot of people became aware of climate change because of FUD that was spread many years ago about bitcoin being a big contributor to climate change is probably a good contribution already of bitcoin to the awareness in climate change so yes, the potential is already there and a lot of bitcoin miners are already using renewable sources of energy for their mining rigs are already a good contribution too in advocating the use of renewable sources of energy instead of relying on fossil fuels. There's not a lot that bitcoin has given to the climate change awareness but boy do those few that bitcoin was a part of is almost always more impactful than most.

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Yes, it indirectly impacts climate change, but I believe this will reduce over time as people will slowly fade out of mining. However, I am not saying we should just continue putting more gas in the fire. But if this concern was from the government (just saying) and this was their why to not accepting Bitcoin, then why not accept it and make provisions for renewable energy so it’s a win-win situation. Because like it or not, Bitcoin mining can’t stop.

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

While Bitcoin itself doesn't directly influence climate change, there are concerns surrounding the energy consumption associated with Bitcoin mining. The process of mining Bitcoin requires substantial computational power, which in turn demands significant amounts of electricity. This electricity often comes from non-renewable sources, leading to greenhouse gas emissions and contributing to climate change. However, the extent of Bitcoin's environmental impact varies depending on factors such as the energy source used, mining hardware efficiency, and operational location. Efforts within the cryptocurrency community aim to address these concerns by promoting sustainability. Thus, while Bitcoin may not directly change climate change, its energy-intensive mining activities raise important environmental considerations.
Does Bitcoin have the potential to impact climate change?

I Think Bitcoin's impact on climate change is a topic of debate and a valid concern because the mining process of Bitcoin is highly energy consuming process. But in my opinion it's common mis conception on media that bitcoin is bad for the environment and Bitcoin used to much energy for the Mining process. Gold is also the nearest competitor of bitcoin and gold mining is destructive industries in all over the world. ^[1]According to the research of Cambridge university Bitcoin mining is powerd by as low as 20% to as high as 70% of renewable energy and they think Bitcoin is much more efficient then traditional banking and finicial systems as well as gold mining. [1]

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BTC does not directly contribute to climate change. But we do know that producing BTC requires a lot of electricity. It also does not affect the climate much. But if the fuel used to make BTC is renewable, it does not harm the environment. But if it is non-renewable, it destroys the environment. We need to make sure that the energy used to generate BTC is renewable. Because above all, we should do everything with the climate in mind.

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

While Bitcoin itself doesn't directly influence climate change, there are concerns surrounding the energy consumption associated with Bitcoin mining. The process of mining Bitcoin requires substantial computational power, which in turn demands significant amounts of electricity. This electricity often comes from non-renewable sources, leading to greenhouse gas emissions and contributing to climate change. However, the extent of Bitcoin's environmental impact varies depending on factors such as the energy source used, mining hardware efficiency, and operational location. Efforts within the cryptocurrency community aim to address these concerns by promoting sustainability, transitioning to renewable energy sources, and improving mining hardware efficiency. Thus, while Bitcoin may not directly change climate change, its energy-intensive mining activities raise important environmental considerations.
Does Bitcoin have the potential to impact climate change?

Technological advancement is inevitable so for me maybe in the future it will become possible for Bitcoin to have the potential positive impact in the climate change by using high technological source of energy. Renewable energy is still at an early stage so we can expect more improvements and upgrades on it or even new technology will exist in the near future and become a sustainable source of energy.

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

While Bitcoin itself doesn't directly influence climate change, there are concerns surrounding the energy consumption associated with Bitcoin mining. The process of mining Bitcoin requires substantial computational power, which in turn demands significant amounts of electricity. This electricity often comes from non-renewable sources, leading to greenhouse gas emissions and contributing to climate change. However, the extent of Bitcoin's environmental impact varies depending on factors such as the energy source used, mining hardware efficiency, and operational location. Efforts within the cryptocurrency community aim to address these concerns by promoting sustainability, transitioning to renewable energy sources, and improving mining hardware efficiency. Thus, while Bitcoin may not directly change climate change, its energy-intensive mining activities raise important environmental considerations.
Does Bitcoin have the potential to impact climate change?

It is actually true that Bitcoin mining costs a lot of energy and some of its effects will fall on the environment it will natural. But it would be a mistake to think of Bitcoin mining alone as a potential cause of climate change because there are many other factors besides mining that have a greenhouse effect on our planet, especially the smoke from mills and their waste products Green house effect is constantly increasing in our world due to various reasons.
Moreover, Bitcoin mining is also starting to read from renewable energy sources such as solar panels. No one should blame Bitcoin mining alone because mining has a large part on alternative coin mining as well. The future will see that mining will be done using renewable energy solar panels, so the small losses that are currently being incurred will also be reduced in the future. And those who care more about the environment should do this renewable energy if they want to do mining.

SquirrelJulietGarden

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

Does Bitcoin have the potential to impact climate change?

Any activity, industry that consume energy, exhaust gas emission includes green house gases, can contribute to global warming and climate change.

Briefly, Bitcoin mining industry is one of factors that contribute to global warming and climate change.

More details, if anyone attacks this industry and says it is like a most polluted contributor on global warming and climate change, it's lie and untrue.

You can debunk such lies by.
Debunk Bitcoin Energy fud "Bitcoin wastes energy".
Reports from Bitcoin Mining Council. Their abstract has basic information but you can have more details by watching their video on Youtube for each report.

Some attackers changed their mind like Larry Fink, CEO of BlackRock.
World Economic Forum (WEF) Describing The Positive Impact Of Bitcoin

Quote

WEF in 2017:

“Bitcoin mining is dirty, wasteful & on track to consume all of the worlds energy by 2020. We must stop it.”

WEF in 2024:

“Bitcoin mining is clean, creates jobs, and is powering chocolate factories in the African rainforest.”🌍

So don't believe in their words, there is no absolute enemies, there is only absolute benefit.

Nothingtodo

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I don't know if bitcoin mining has anything to do with environmental change, but if there is any carbon dioxide or carbon monoxide released in bitcoin mining, it will definitely cause environmental damage. As far as I know bitcoin mining only consumes electricity and no carbon dioxide or carbon monoxide is emitted so bitcoin mining is not responsible for any part of the weather and climate change in the environment.

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

While Bitcoin itself doesn't directly influence climate change, there are concerns surrounding the energy consumption associated with Bitcoin mining.

This is mostly FUD about Bitcoin, otherwise energy consumption and environmental effects is a comparative factor. Everything we do in this world including breathing has an environmental effect, but can you say our breathing is causing pollution?

There are countless industries that are operating in a much smaller scale in comparison to Bitcoin (a global payment system working 24/7 in a decentralized way) while consuming a lot more energy and creating a much bigger pollution and/or a negative environmental impact.

If anyone is concerned about Climate Change they should start elsewhere, from those severely polluting industries.

Bananington

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Just recently I read somewhere in the news about some Bitcoin mining machines being moved to Colorado springs for refurbishment and thereafter sale.
The complaints of heavy cost of operations and heavy electricity consumption and bills is a common thing for those who mine BTC in well developed areas.

Although new upgraded mining machines would be used to replace the older models sent out to be refurbished and sold, it still can't impact climate change as much as combustion engines emitting sooth is, which is known to deplete the ozone layer and is part cause of global warming.

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

Does Bitcoin have the potential to impact climate change?

In fact, climate change is not caused by bitcoin mining activities. Other factors also have a big influence on climate change, for example the greenhouse effect, the use of carbon dioxide from vehicle gas and so on which is very intensively carried out by humans, as well as destroying forests as the earth's natural coolant.

Climate change even occurred before Bitcoin itself was created.
- The greenhouse effect itself began in the 1820s
- global warming and an increase in the earth's temperature occurred in 1988

So in my opinion, climate change happening because of Bitcoin is just propaganda to divert attention from the real cause.

Climate Change History

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Quote from: herecomesjohnny on March 23, 2024, 12:12:45 PM

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Does Bitcoin have the potential to impact climate change?

Honestly, the existence of everything is directly/indirectly related, bitcoin has an impact on the climate. I could mention the situation that Bitcoin mining can also pollute the environment due to noise, heat, and ewaste. Bitcoin mining operations are often located in areas with cheap electricity, often with lax environmental regulations. But to be fair, it's not as harmful as other behavior that we think of as having a different climate impact, and the climate issue is common to everything, not just related to bitcoin.

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