In the era now, people want to be fast. especially in making transactions. and I think it's worth it if you have to spend more energy than usual.
but the article explains that energy spending will be smaller if using digital currencies compared using physical currency. where the cost and energy to be spent is greater to print physical money.
so what else we have to choose, everything is clear, digital currency is more energy efficient
Topic: Energy to produce Bitcoin and Ethereum is too high ? - page 2. (Read 233 times)
In the article explains the use of energy "physical money" is greater than "mining bitcoin" which is only to be able to transact.
Everyone has chosen to use transactions with virtual compared than using physical money. Making physical money will be more energy-consuming than bitcoin mining. if we have to choose whether it is better to print physical money with greater energy than to mine that could have less energy consumption but the same function is to make transactions, I think all will choose crypto compared with physical money.
Everyone has chosen to use transactions with virtual compared than using physical money. Making physical money will be more energy-consuming than bitcoin mining. if we have to choose whether it is better to print physical money with greater energy than to mine that could have less energy consumption but the same function is to make transactions, I think all will choose crypto compared with physical money.
Yeah I think so because bitcoin does not really need too much energy like a bank, and it's really good if the world's finances use bitcoin or crypto in the future.
"Fiat requires commercial banks, central banks, ATMs, armored cars, hundreds of thousands of employees, among other things to work. The central bank, in this case the FED, does not magically distribute the US dollar to every person in the country at their doorstep."
they also love to turn the bitcoin mining drama into an environmental thing but they forget about all the trees that are cut down to print money and all the paperwork that is a waste of everything when you use a bank.
Exactly, always putting on that bad side
Depending on the country, the price of electricity varies from country to country, but there are different prices for bitcoin in each region, but the price of bitcoin depends on the country and low on the price of the country's resources.
The whole point of the article is to that btc doesn't consume as much energy as the fiat system does.
I have a feeling you didn't even read the OP.
Bitcion is not consuming energy too high we access Internet even solar power we can help decreasing pollution.
"Fiat requires commercial banks, central banks, ATMs, armored cars, hundreds of thousands of employees, among other things to work. The central bank, in this case the FED, does not magically distribute the US dollar to every person in the country at their doorstep."
they also love to turn the bitcoin mining drama into an environmental thing but they forget about all the trees that are cut down to print money and all the paperwork that is a waste of everything when you use a bank.
additionally this energy consumption is used to provide high level of security for a $120+ billion dollar market.
Depending on the country, the price of electricity varies from country to country, but there are different prices for bitcoin in each region, but the price of bitcoin depends on the country and low on the price of the country's resources.
The whole point of the article is to that btc doesn't consume as much energy as the fiat system does.
I have a feeling you didn't even read the OP.
Depending on the country, the price of electricity varies from country to country, but there are different prices for bitcoin in each region, but the price of bitcoin depends on the country and low on the price of the country's resources.
People usually forget the following fact:
"Fiat requires commercial banks, central banks, ATMs, armored cars, hundreds of thousands of employees, among other things to work. The central bank, in this case the FED, does not magically distribute the US dollar to every person in the country at their doorstep."
https://www.ccn.com/op-ed-cryptocurrencies-like-bitcoin-consume-significantly-less-resources-than-fiat-money/
This is interesting, because even mining is not so dangerous for the resources, I think is pretty feasible.
I think now that blockchain can have a good impact on energy resources, as it can be used to ease the distribution of renewable energy.
"Fiat requires commercial banks, central banks, ATMs, armored cars, hundreds of thousands of employees, among other things to work. The central bank, in this case the FED, does not magically distribute the US dollar to every person in the country at their doorstep."
https://www.ccn.com/op-ed-cryptocurrencies-like-bitcoin-consume-significantly-less-resources-than-fiat-money/
This is interesting, because even mining is not so dangerous for the resources, I think is pretty feasible.
I think now that blockchain can have a good impact on energy resources, as it can be used to ease the distribution of renewable energy.
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