Topic: Is it true that this cryptocurrency/bitcoin boom poses a threat to Earth. (Read 467 times)

There is really no threat, and many have already proved it. Crypto is safe for the Earth.

If indeed its growth is a threat to the earth, vehicle exhaust is the more dangerous air pollution for the earth. Moreover, goods that are not flammable.so that the accumulated waste is what is very dangerous for the pollution of the earth and humans, because Crypto consumption is not dangerous at all. for the threat of the earth in the future, because it is not a form of threat to the earth and humans

Though bitcoin mining is energy intensive, however, people can always opt to use renewable energy sources to supply the energy needed. Treat bitcoin mining industry as another regular industry which needs electrical energy to serve its clients. And you will understand that bitcoin mining is no different than other industries that are consuming power. Aside from that, there are already other human activities that are wasting energy for nothing. Environmentalists and other entities are just highlighting the energy usage of crypto mining, but they forgot to look at the benefits derived from crypto industry.

Bitcoin mining a most expensive process where the main elements should need power energies ( electricity and fuel energizes) . Most of the developing countries where it's a threaten to future generations.

Sad but true. Mining is not the most environmental friendly activity

It add the polution if the miners use pure electricity but I guess those capitalist don't care about it and just using that as an excuse just to make people confuse about bitcoin.

To know more about it read it here https://www.epa.gov/energy/about-us-electricity-system-and-its-impact-environment#:~:text=Nearly%20all%20parts%20of%20the,when%20a%20fuel%20is%20burned.

But I don't agree about the government doesn't want people to get rich since in the first place they are the one who will get benefit from it maybe they want to regulate it so that they can get tax from the users.

sometimes i am confused where is the natural damage from bitcoin mining???
Mining only uses electricity, right?
but as if bitcoin miners are the same as gold miners who are dug in 100 m in the bowels of the earth and abandoned after mining,
large-scale factories, plastics the government should first focus on the 2 biggest pollutants on this earth compared to bitcoin miners.
long story short the government doesn't want people to get rich from bitcoin and doesn't pay taxes on them, in my opinion

China was already a threat to the Earth before Bitcoin.

NOTHING, man does short of a nuclear Apocalypse  will "destroy the earth".  And even then it will come back.  Earth has been here billions of years and it will be here billions of years after mankind exterminates itself.

Signs of the Times , for anyone unfortunate enough to be on the same power grid as Bitcoin Proof of Waste Miners.

https://www.nasdaq.com/articles/how-texas-is-becoming-a-mecca-for-bitcoin-miners-2021-05-04


https://www.kxan.com/news/texas/ercot-conservation-alert-texans-asked-to-reduce-electric-use-on-monday/


Bitcoin miners have already removed the excess energy capacity in Texas that could have easily handled the heat wave,
next rolling blackouts thanks to the increased energy waste of bitcoin mining in Texas.  

ERCOT asking people to suffer by not using their Air Conditions while greedy bitcoin miners profit.
 

If it did pose a threat, we should've seen it a long time ago when the prices were still around a dollar per pop but no, I don't think that it is a threat and wherever you read that OP, unsubscribe to it because they are just trying to discredit bitcoin when we should be mad at the energy sector which creates the pollution because they are the ones that consume fossil fuels.

Gold mining consumes more power than bitcoin mining... the world's banking system consumes way more energy than bitcoin mining... nobody seems to be concerned about the power consumption of gold mining or the world's banking system. This narrative that bitcoin is bad for the environment is just foolish... do we need to provide the energy for bitcoin mining in a more environmentally friendly / sustainable way? Definitely, but to say that bitcoin is bad for the environment completely ignores all the good and freedom it can bring to the world. Is there a cost to everything that is useful? Sure there is. This narrative needs to change from "bitcoin is bad for the environment" to "how do we go about mining bitcoin more sustainably" or "how do we go about using more renewable energy for crypto mining" or "how do go about using more eco-friendly systems than proof of work for cryptocurrency".

The potential of humanity to create more. The earth is not the limit, not the universe, and maybe not the multiverse.

I don't know how long some fans have always believed that this guy really cares about the environment just because he has rejected bitcoin. In fact, the electric car company is actually less environmentally friendly than ordinary cars in terms of manufacturing. Especially how he maintains the balance and sustainability of non-renewable resources for the next generation.

I read an article in my local media that:

However, global warming can be prevented. But non-renewable resources will always continue to erode. Bitcoin is only a small contributor to the destruction of the earth, industries such as electric cars and other devices will continue to increase over time.

If I don't think so, there are still many other projects that are extravagant in the use of electricity when compared to the use of electricity to mine crypto. Because the use of electricity for mining crypto is still quite normal.

 In fact, there are so many businesses that can cause pollution.  Like a stone mill.  The smoke is so intense that they don't realize they are damaging the environment with their work.

It can really be damaging for the earth if bitcoin will be mined abusively. Fossil fuel is needed in order for the blockchain to keep on running. If we can remember, Elon Musk used it as his reason to remove bitcoin as a mode of payment for Tesla. Also, most of the countries considers it as one of the main reason why they are not tolerating the use of bitcoin. It is not just an excuse, we may actually feel the pay back soon if ever people would keep on abusing mining. We should make sure that we are only mining enough not to the point that we are hurting the earth because all of our investment would be worthless when the nature gets its revenge.

The climate change threat is very real, and I truly believe it's going to be the biggest challenge of this century. But it's not a threat to Earth, of course, but to humanity. Earth will bounce back eventually, but if humans don't to something very fast, more harsh weather changes are coming, many places will be under water so people will need to relocate, and all this will cost tons of money to the global economy. But if only fixing climate change were so simple like quitting using cryptos. Crypto mining contributes to climate change, but that's because of the sources of electricity. Apart from energy sources, there's also transportation, the meat industry, deforestation and many other things. So we have to tackle them as a compound, not focus on a drop of water in the sea.

I somehow think that what government or people who hated Bitcoin are succeeding in convincing people that Bitcoin is type of threat to our planet.So how well do you know the process of mining Bitcoin as whole like ASIC machines,memepool, hasrate,miners, cryptographic puzzles etc? Some cryptocurrencies are using POS which do not need any consumption to find solutions for block so you need to know that also.

Remaining the question of electricity consumption it has been discussed many times but in reality don't you know mining procedure have devastated environment from decades and cost of lives of many labour class.So we can also raise a question that is bitcoin taking life's of people unlike others activities like mining for metals like gold,coal,cobalt, lithium.

EV uses cobalt which is rare metal and they are exhausting it for vast consumption and destroying environment but nothing major discussion about them.Banks and other also uses high electricity consumption which is very less as compared to bitcoin.This only until 21 million coins are mined but other will still consume same or even more energy.So think about it.

I do not think that this is some kind of global problem, however, the problem of using carbohydrate energy in Bitcoin mining has been raised and governments will definitely use it in order to denigrate Bitcoin and other types of cryptocurrencies. Bitcoin consumes any energy that is available in the region, as well as other consumers. If the world as a whole switches to renewable energy sources, then this energy will be consumed by bitcoin. However, in the future, miners need to think about using solar panels or wind generators for mining, the production of which is becoming cheaper.

It has been shown that Bitcoin mining uses like 0.x% of world's energy consumption and much of that is green energy.
We must ask ourselves - is the risk bigger with or without Bitcoin in our world?

- My opinion is that the problems Bitcoin solves are directly or indirectly much more impactful on the global warming. I agree that governments should incentivise and accelerate green energy utilization and off-setting carbon emissions, but that is no reason to "ban" or discredit Bitcoin just because securing the network requires energy. Almost everything today uses electricity and none bring the benefits of the Bitcoin network.

So in your opinion , China and Iran have been banning bitcoin mining , not to protect their power grids, like they said,
but just as a way to mess with bitcoiners.

Keep thinking that right until the majority of countries have banned bitcoin mining.  

You know it is not like people have not been warning bitcoiners about the increasing energy waste since 2013.

How many Bank branches have been banned to protect the power grids, not one.

Banks usage is spread out over multiple power grids, they don't drop the majority of their energy usage on just a few grids
like Bitcoin PoW miners.

Any grid, that has half a country energy usage added by btc miners within a year will buckle under the strain.
I would say , you might get a clue , when your grid collapses, but the truth is the Government officials will have no choice but to ban bitcoin mining way before that happens as China and Iran are doing.
Enjoy your bitcoiner cultist beliefs , until all of the bitcoin mining is banned.

FYI:
Solutions to the Bitcoin PoW energy issues are:
1. All Bitcoin PoW mining is just banned.
2. Convert to PoS
3. Regulate the location and max energy usage of Bitcoin Mining warehouse so their are never enough to cause a power grid collapse.  * Example, The current energy usage would have to be cut by a factor of 5X.*
  

 

- I think bitcoin also promotes global warming but it is not the strongest cause, besides bitcoin, a lot of industrial parks consume high power, the exhaust gas purification system is still not good, a lot of deforestation events and problems affecting nature, the government is correcting and improving that, bitcoin's fault is very little in this regard. Even as experts try to sort out the causes that might threaten the earth, bitcoin is still not listed here, the information is really inaccurate and there are many points of dislike for bitcoin while bitcoin is almost safe for everyone

That is the rationale they are trying to push which most of us right-thinking people know it is not true. As you mentioned, there have been many Industries that have posses more hazards to the environment physically and even when it comes to the power consumption issue we are talking about which they have not worried about.

This research report from Galaxy Digital shows some statistics of energy consumption between Banking, Gold, and Bitcoin



I guess this speaks for itself. There are many more industries and Utilities that consume more energy per year than Bitcoin mining per year but nobody talks about those.

So like we already know, all this talk about bitcoins mining energy consumption is going to damage the earth is just some conspiracy to bring Bitcoin down.

Before it comes to cryptocurrencies, there are so many things which are causing harm to the environment. And their affect is much bigger than Bitcoin mining for example. People shouldn't overlook this and criticize only cryptocurrencies.

Yes it's true, it will be used by aliens to destroy the world because bitcoin is their source of fuel for their weapons of mass destruction so yeah it poses a threat to Earth. Kidding aside though, where did you get those stuff, are high or something? It's definitely not the electricity consumption because bitcoin is just a consumer and not a power source so I don't see how it's going to be a threat to Earth.

I believe the consumption of electricity used for mining cryptocurrencies will not be the cause of global warming. Because all factories in the world
consume large amounts of electricity, this is the cause of global warming. It would be unfair to completely blame crypto mining, as you have mentioned, according to data alone, it is not up to 1% of electricity usage for crypto mining. So don't be easily influenced by the news circulating now, sometimes
it doesn't tell the truth.

According to google 0.55% of total global power consumption are used by mining bitcoins & other cryptocurrency. It will be unfair to put the blame on bitcoin mining alone since its less than 1% of what the world consume. Even if bitcoin mining stops it will not have an immediate effect on lessening the global warming.

People are care about global warming too much. Earth is getting warmer even without humans at all. Also, gov waste much more electricity than crypto. Wake up people

The power consumption of bitcoin and cryptocurrency miners are negligible which doesn't even comparable to a small country's total consumption, but we are the people talking about global warming and energy consumption while sitting in a air conditioned room, how hilarious isn't it.

If they comply with all the environment-friendly regulations just as Greta Thunberg and Elon are asking I think it wouldn't hurt the industry but will give everyone a chance to be in the crypto space. 

Coal is very much effective that is why even today, it's still being used. Some trains are still even working with coal and the countries using these are producing more carbon than China and Iran combined.

Nah,this is just propaganda made by the Bitcoin haters.
Energy consumption isn't equal to environmental pollution.The problem is that the coal burning power plants are polluting the environment,not the crypto miners.
Even if all the cryptocurrency miners in the world stopped working forever,the coal burning power plants will keep producing energy,by burning coal and therefore polluting the environment.

Bitcoin mining farm is not orderly hazardous compare to industrial equipments, it's well known that mining farms are not multiple compare to industries across the world, and when we talk about pollution we mention industries they are major sector or concept that poses threat to Earth through the release of (CFC) chlorofluorocarbons to the earth, so in summary op, is that Bitcoin mining farm doesn't really caused hazard to the earth relating to companies that deals with production of chemical substances.

Over 74% bitcoin mining is powered by renewable energy, most of miners are not some old man that really fond of coal contributing really high pollution and causes globlal warming, it's just what media want you to believe and if you see
pollution produced over vehicle is among the one that contributes the most,it generates CO2 so much and also pollute the air, meanwhile bitcoin? it could instead helps us advance in renewable energy as the miner always find a way to increase electricity generated while staying green, that's just how the media trying to built negative opinion on people and it's better to ignore it.
even before bitcoin exists global warming problem already rising, but no one bats an eye to those excessive industrial and factories that keeps running until today, now there's bitcoin and they are trying to label it and make it a spacegoat.
basically, they are fine to be the one who caused global warming but not fine if it's other. though btc by any mean isn't speeding the global warming.

what is the primary greenhouse gas?  I can tell you what it isnt.   its Not CO2.  its Not methane  

Its good olde H2O   not only is H20 primary in the amount of heat it holds its also the most plentiful by a rather huge margin.  welcome to having your opinion assigned to you by the media.   You have been TOLD what to think on this.

I know right! the argument regarding bitcoin's excessive usage of energy to the point that effects on the climate are worrying is just an attempt to further criminalize bitcoin. the funny thing is, the bitcoin's energy consumption debate only started after bitcoin reached its all-time high at the end of 2017(or at least that is the oldest article I've seen regarding bitcoin's energy consumption).

I am still thinking it's very safe to mine bitcoin in the year 2050! Look around you, notice what machines are running 24x7 from Sky scrapper tower cooling system to Cloud Storage facility of giant companies like Google, Amazon, IBM, TCS everyone use the electricity. The cost of them is many times more than the Bitcoin.

I am mining the crypto as well and with two average rigs using 1.8 kw of energy while the room air conditioner itself use around 0.9 kw of energy (single). Just imagine what it takes to cool the whole sky scrapper and how many of them are there?

I mean we can just go on giving out the examples. I think that is the threat to the earth not the newly born tech like Bitcoin alone?

There is no threat coming from bitcoin mining, LOL, it just began like 10 years ago and now they are saying that it has a dramatic effect on global warning and environment issues. Bitcoin is not the culprit here, many industrial nation since the 1900 has really contributed to the worsening and increase of the earth's temperature. This is just an excuse and I doubt that even 0.1% bitcoin is having a negative effect  on climate change.

Exactly,  there are no such mining farms in the world right now as we have many factories scattered all over the world with the constant population they generate on a daily basis both on air and sea, chemical spills and disposal of toxic waste into the atmosphere possess a more dangerous situation to the human health, why nobody is paying attention to that,

some of this factories have been running for years long before btc and btc mining will ever become a thing,  humans has always endure this pollution and the environment threat,  it seem very easy to shift the blame of global warming to btc mining rather than the obvious.

no, because the use of electricity for crypto mining is still quite normal. The people of the world should focus on the whole factory, because they are the ones who cause too much pollution to the earth. after all, currently POW is no longer the main thing, because there are already POS and others.

That's crazy to say that they only look at the mining operation of bitcoin but not with most of the world's production from different companies and manufacturing companies. The waste is thrown in different areas which bring pollution not just by the air but also by the land.
If they're looking to bitcoin as a technology that imposes a threat to the Earth then they shouldn't ignore other emerging technologies.

Some people say that like cryptocurrencies are the only things which destroy the environment by consuming too much electric energy. But it is not true. We have so much bigger problems than this. They also know that but they choose to attack Bitcoin mining only.

In order to answer your question, I need you to first answer my question. Beginning with the subject title.

Do you have any idea how much of the environment and ecosystem has been destroyed and degraded for centuries, all in the name of mining the precious metals?

Why is it an issue now with Bitcoin mining using just a small part of energy, most of which I believe is not even from fossil fuels?

How about?

Continous growth of car numbers which do make even more our air poluted?
Generating more plastic which cant really be decayed?
Etc.

Energy issue on Bitcoin is just a bullshit excuse just for those non coiners to focus on for them to create something to counter on bitcoins existence.
They dont even consider those current things which are giving more threat on mother earth.

If they do mind much about being green then they should find out to solve first those old issues that we cant resolve until this very moment.

The fact is most of the things poses a threat to the environment. Microplastics in your toothpaste or even the small plastic bag that we get from wallma often..be it cars or be it big companies making necessary products. The whole concept of nonveg meal and even a simple milk. Now what people are doing here is , highlighting just one problem because they see other alternatives which do not require heavy mining machinery but forget that Bitcoins will stop being mined after a small amount of time but the long term effects of other cryptocurrencies are strictly the same.
Now they want to deviate the people but rather they should think about asking people to use renewable sources of energy. They can integrate it with their machines and viola ! Probelm solved.

Changpeng Zhao had one great tweet about that:

And there was also an answer from Jeff Kirdeikis:


Certainly, it's not really good what's happening in the mining industry but that's because of greedy businessmen who will do everything in their life to gain as much profit as possible, doesn't matter whether it will be bitcoin or any other thing. In life everything has it's pros and cons.
Just remember! Cryptocurrencies are financial freedom! And I don't think that bitcoin is great, eco-friendly for mining and also, this coin isn't the verdict. If it's number one right now, doesn't mean that the same trend will continue. Just wait, there will be something better than bitcoin in trend in near future I believe the energy consumption problem will be solved

Bitcoin isn't a threat but mining it using non-green energy contributes to the existing problem we call as global warming.

There are miners mixing the source of electricity for mining but it's still unclear how many percent is renewable and non-renewable. There is a Bitcoin Mining Council formed recently to address these issues so just wait for their report.

Green field to red? Are you talking about candles in trading?

Even for those that ignore the environmental damage of Bitcoin Mining.
The literal collapse of a power grid because bitcoin mining exceeds the safe capacity of that specific power grid,
is the ultimate danger to all people on the same grid.

If their is a heat wave or subzero temps and multiple bitcoin mining operations,
their is very little wiggle room as excess power capacity is now gone.
At best this means rolling blackouts to preserve the power grid from being fried.
At worst, the rolling blackouts don't save the grid and transformers are destroyed,
this means the grid will be down for years, before full operations are restored not days.
That is the ultimate danger of Bitcoin mining , is making entire regions unlivable by power grid destruction.
Which is why China and Iran stopped the bitcoin mining as it was in danger of collapsing their power grids.
Because even Government officials admit protecting their people is more important than protecting a proven proof of waste system call Bitcoin mining.

FYI:
Go turn off the main circuit breaker to your home, and leave it off for 24 hours
now you can't cook, your lights are out , the cold or heat become unbearable without electric heat or air,
you can't use your computer, your phone charge is out, the food in your refrigerator is ruin, if you had any medicine in the refrigerator it is also ruin, no running water. In other words your life has become a living hell without electricity.
Now imagine , this will be the way it is, for 2 years, and now you understand the real danger of bitcoin mining to you and your loved ones.

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..