Topic: Is Bitcoin Mining Really Causing Environmental Damage? Maybe not that much... (Read 1997 times)
December 21, 2018, 11:41:11 AM
Mining is done mostly on the regions where electricity is available for less price. As the price has fallen low with the increased difficulty the profiting through mining isn't possible on regions with high electricity price. Here environmental damage is there, but the same can be eliminated through the usage of renewable energy sources for electricity production for mining needs.
December 21, 2018, 11:35:38 AM
Earlier bitcoin mining was considered as easy and very profitable and that is the main reason many miners were joined to the network but now things has got little complicated because electricity in many countries are not cheap and even mining hardware is too expensive so most miners think bitcoin mining power waste at least should be reduced in coming years so miners can take a profit than a lost and it will do good to the network
Without a doubt and i agree with you that many miners are leaving bitcoin mining because the low income and higher waste of electricity but which also led to environmental damage but we should understand that we are living in a time that most of the things are becoming possible at least for some extend through technology and its advancements so why cant we use that to reduce the environmental damage which cause by bitcoin and making bitcoin mining more profitable using sustainable mining methods which should be very possible specially today
December 21, 2018, 11:29:19 AM
Bitcoin is the first digital currency in the world and even it is developed to fulfill future financial needs we have to understand that it can certainly drain some energy during its process but it is certainly acceptable when considering benefits and advantages it provides for businesses and individuals who involved with them so what I think instead of making accusations against bitcoin environmental damage people should find a way to reduce it by using latest technological methods because existence of bitcoin is essential to the world which many don't see at the moment but in the future it will be clearly visible
December 14, 2018, 09:45:45 AM
It is just ignorance that make people to say what they don't have full detail about. The same way factories and industries consume electricity is the same way bitcoin mining farm consume.
December 14, 2018, 02:49:17 AM
I am honestly not sure HOW but then I am not exactly the MASTER about this stuff, so I don’t exactly know what the logic is. However, IF we want to really understand about it then we need to get proper Bitcoin mining guide, then only it will be possible to understand these things. It’s not EASY but very much doable IF we are determined and dedicated towards doing things, which is absolutely not easy.
December 13, 2018, 11:35:41 AM
Each and every profitable investment has caused damage to the nature in some way. The damage caused by mining bitcoins are very negligible compared to that. Negative news and promotions are just a agenda for tarnishing bitcoin's reputation.
December 12, 2018, 11:02:49 PM
i see alot of people talk about this problem. and they show us the consenquence from mining
December 12, 2018, 05:50:28 PM
I don't think so, bitcoin mining contributes a relatively small amount to environmental pollution. There are larger industries in many parts of the world who are affecting the environment in the negative sense through pollution. I believe the future of bitcoin mining is even brighter as many projects plan on producing a cleaner source of energy.
Absolutely correct, only a percentage of the electricity consumption of the entire world is consumed by miners. Considerering that other countries' electricity is produced through nuclear power plants.
December 12, 2018, 05:43:17 PM
I don't think so, bitcoin mining contributes a relatively small amount to environmental pollution. There are larger industries in many parts of the world who are affecting the environment in the negative sense through pollution. I believe the future of bitcoin mining is even brighter as many projects plan on producing a cleaner source of energy.
Bitcoin mining doesnt use small energy but it does actually uses a large portion or high high kilo watt power because mining is a powerful act especially if done with bitcoin due to its difficulty . miners cannot possibly mine a bitcoin succesfully if they will only use low powered hardwares but they can mine other cryptos specifically altcoins like monero .
But i still agree on some points that you gave . other companies and factories are more damaging than compared to crypto mining because they are litterally using a high powered devices or machines that can both cause air pollution and noise pollution .
December 12, 2018, 05:33:44 PM
I think the damage from bitcoin is exaggerated. In the world there are a lot of unnecessary things that would not be worth spending electricity and other resources. For example, a huge amount of advertising. It could be reduced and help the environment. Therefore it is not necessary to call bitcoin the root of all evil. That's not so.
October 30, 2018, 08:14:39 AM
Yeah, i dont think bitcoin mining causing environmental damage. There are many miners using friendly resources to mining so they don't consume energy too much. To sustain cryptocurrency mining, we need to create more alternate energy sources such as solar energy to get more electricity power.
- Agreed that there are many miners using friendly energy sources and less harmful to the environment but if we bring this number to compare with the number of bitcoin miners in the world, it is still too low. Most miners around the world really do not care about the environment, they only care about their money and investment, they invest a lot of money in mining equipment and what they need is the maximum benefit, especially the Chinese miners, they use energy to exploit by burning coal and generating electricity, environmental pollution through bitcoin mining is higher than ever October 30, 2018, 05:51:51 AM
I don't think so, bitcoin mining contributes a relatively small amount to environmental pollution. There are larger industries in many parts of the world who are affecting the environment in the negative sense through pollution. I believe the future of bitcoin mining is even brighter as many projects plan on producing a cleaner source of energy.
October 28, 2018, 10:24:20 AM
Yeah, i dont think bitcoin mining causing environmental damage. There are many miners using friendly resources to mining so they don't consume energy too much. To sustain cryptocurrency mining, we need to create more alternate energy sources such as solar energy to get more electricity power.
October 27, 2018, 02:56:31 PM
The key point is using electricity to mine bitcoin. Bitcoin is just one of the thousands of things that use electricity. If mining bitcoin destroys the environment that means any time you switch on your TV, or any gadget that uses electricity, then you are destroying the environment as alleged. However my source of electricity when mining bitcoin is not clearly stated. I could be using solar or hydrogen cell, etc to be mining my bitcoin. The assumption that mining bitcoin destroys the environment is just a target only on bitcoin, meanwhile before bitcoin existed electricity have been used to power many gadgets that are DESTROYING THE ENVIRONMENT?
October 27, 2018, 01:38:56 PM
if it damages the environment or not I don't know for sure, bro. which is clear and what I think is. electricity problem bro. which takes up a very large voltage .
of course mining does not damage the environment, because mining does not produce waste or disruptive dirt. mining only requires large electricity and certain rooms so that comfort is maintained. 
October 27, 2018, 11:43:47 AM
If bitcoin mining was causing huge damage for our environmental, it would not be sustain any longer now.
There are so many bitcoin miners in the world, but our environment is still good.
If you look at the industrial companies, it will be more causing damage for our environment than bitcoin mining.
There are so many bitcoin miners in the world, but our environment is still good.
If you look at the industrial companies, it will be more causing damage for our environment than bitcoin mining.
October 26, 2018, 07:28:34 AM
Bug miners in the world are using environmental friendly to minimize the cost of electricity. There are more threatening activities than mining Bitcoin like Literally mining gold, silver and rocks. They should focus more on the main problem nor the slightest one.
October 25, 2018, 01:00:01 PM
I think this damaging environment aspect of bitcoin mining is another ploy by the governments and their agents to continue destroying bitcoin. How many people are even in cryptocurrency among the worlds population. Iam sure that if crypto compliant men and women are about 1000, those in mining arm of bitcoin is not upto 10% of the crypto population. How will their mining activities destroy the environments while there are other business whose activities is responsible for the depleted ozone layer. Nobody is talking about them but bitcoin is only activity that will destroy the environment.
October 20, 2018, 07:36:45 PM
I dont believe bitcoin cause environment damages. Most miner prefer using alternative energy rather than fossil energy. Beside that, miners using not much energy rather than other factory
October 20, 2018, 05:13:08 PM
I believe that bitcoin does not bring harm. It consumes a large amount of electricity (because to work with cryptocurrencies need powerful computer processors), but it does not affect the environment.
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