I do agree that carbon emission must be kept under check. In my country there is snow emergency because of too much snow this winter. Obviously this is abnormal whether behavior.
The solution to this is only trees. Time is running out and we must plant as many trees as we can to save our earth from disastrous of carbon emission.
Topic: Let's make mining sustainable (Read 900 times)
While it maybe true that mining Bitcoin consumes a lot of energy, it doesn't mean it is the culprit in destroying the environment. Blame the energy producers because they are still producing energy using coal. Also, you may wan't to look into how many old vehicles are out there in the road that produces a lot of smoke which is not good for our health and the environment. Producing power through hyrdo and solar is environmental friendly at least.
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A solution to this is moving to PoS.
We have renewable energy source like solar, wind and water. If we generate more electricity from these resources then we can surely reduce the carbon footprint in the air. Last but not the least, do plant trees.
We have renewable energy source like solar, wind and water. If we generate more electricity from these resources then we can surely reduce the carbon footprint in the air. Last but not the least, do plant trees.
Examine the contradiction in your words.
It ok , if ethereum switches to PoS , but not bitcoin.
Why one and not the other?
It ok , if ethereum switches to PoS , but not bitcoin.
Why one and not the other?
I'm not contradicting myself. PoS was never on Bitcoin's roadmap and will not be forked in ever (the far majority is actually against it to make it even more clear that it's not going to happen). PoS has been on Ethereum's roadmap for years now, and they might actually get it to work out. Different roadmaps, different niches, different ecosystems. It's just how things are.
PoW is quite powerful as long as the incentives align and the miners are following the rules just the way they are. In Bitcoin it's more profitable to be a brave miner than to be a rogue one. There is always theoretical risk, but that's with anything in life. Nothing is bullet proof. Bitcoin throughout the years has proven to be on the right track with PoW while PoS networks haven't shown much of what they claimed to be or wanted to achieve.
I don't understand what OP mean, is he saying the fire that broke out in Australia was caused by mining bitcoin? Or was caused by bitcoin miner? This is so stupid and hilarious way of thinking 
dude what are you thinking? 
, people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity
Bitcoin mining in itself consumes electricity which are generated mainly from the burning of fossil fuels that deplete not only the quality of land but also the atmosphere that we live in. What the author wants is to promote ways that can make bitcoin mining greener by promoting the use of renewable resources and many others. And yeah it could also be because of the Australia Bushfire. Either way this is a good idea. dude what are you thinking? , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity 
I don't understand what OP mean, is he saying the fire that broke out in Australia was caused by mining bitcoin? Or was caused by bitcoin miner? This is so stupid and hilarious way of thinking dude what are you thinking? , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity
Whenever there happens something it'll be related to cryptocurrency in some way. Long back itself there is more controversy regarding the power consumption on mining activities as a major factor for global warming and other climate change. Compared to the pollution happening around due to different sources the pollution by mining is very small. Also the recent market products on mining were very efficient which further reduces its power consumption and makes it more sustainable. dude what are you thinking? , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity Hmm the main factor of global warming or climate change in my opinion is not just caused by mining, a lot of factors in this world that are not known even greater than a mining. Deforestation, urban development, air conditioning, and many others. In my opinion it has a greater contribution from global warming because there are so many in the whole world even in small or medium intensity.
I don't understand what OP mean, is he saying the fire that broke out in Australia was caused by mining bitcoin? Or was caused by bitcoin miner? This is so stupid and hilarious way of thinking dude what are you thinking? , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity
Whenever there happens something it'll be related to cryptocurrency in some way. Long back itself there is more controversy regarding the power consumption on mining activities as a major factor for global warming and other climate change. Compared to the pollution happening around due to different sources the pollution by mining is very small. Also the recent market products on mining were very efficient which further reduces its power consumption and makes it more sustainable. dude what are you thinking? , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity
I don't understand what OP mean, is he saying the fire that broke out in Australia was caused by mining bitcoin? Or was caused by bitcoin miner? This is so stupid and hilarious way of thinking dude what are you thinking? , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity
dude what are you thinking? , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity
one of the things that we really have to pay attention to if we don't want bad things to happen, hopefully we can understand from this problem what we must do so that this does not become a bad impact.
If you don't know how much electricity is that, the average estimated consumed power of mining is the same as what the Switzerland is consuming in a year.
There is no doubt that the amount of energy consumed by bitcoin mining is huge, but its energy usage shouldn’t be compared to the power usage of a country. Bitcoin isn’t a country, so it makes no sense. Here's another fun fact to put things into perspective: "The amount of electricity consumed every year by always-on but inactive home devices in the USA alone could power the Bitcoin network for 3.2 years." (source: Cambridge Centre for Alternative Finance)
Cryptocurrency mining is not to blame for the world relying mostly on fossil fuels for its electricity.
Interesting to keep the environment clean.
But there are a lot out there which needs some focus first before going for bitcoin.
How old bitcoin is? Why is it questioned now with pollution?
Same question. It is sad seeing the world on fire now especially in our rain forests, pollution contaminating both water and air but what these things can connect to bitcoin mining? All miners are just consuming electricity power and that has nothing to do with pollution, climate and environment changes. Mining operations uses a lot of electricity because of high capacity chips producing E-waste consuming 54 terrawatt per hour a year and If you don't know how much electricity is that, the average estimated consumed power of mining is the same as what the Switzerland is consuming in a year. But there are a lot out there which needs some focus first before going for bitcoin.
How old bitcoin is? Why is it questioned now with pollution?
This world will be abused by human no matter what goal we look to save it.
What happening to the world right now is more of like the consequences of modernization. Have you seen the path of bushfire in Australia similar from what the possible loop train project? I'm not sure about this one but I think that's how they deal with the environment. sucks. You keep saying the miners will switch pools, what you keep avoiding is they only know to switch pools
after the 51% attack is made public.
Miners will realize immediately that they are no longer mining on the main chain and can switch to honest pools. You are also assuming that somehow these 4 mining pools (which as we established are comprised of thousands of users) will be able to co-ordinate a 51% attack in complete secret without a single user deciding against it, bearing in mind that any user who continues to mine honestly will make much more money than if they take part in the attack.after the 51% attack is made public.
Given that we mine (on average) 144 blocks a day for a total reward of 1800 BTC, in what scenario are you imagining a pool with 20% of the hashpower wpi;d be willing to give up ~360 BTC a day (~$3 million a day) to support someone else's 51% attack, at no profit to themselves?
giving power to another 4 guys to trust
Repeating a lie often enough doesn't make it true.That is the scenario set to be played out, thinking miners will support btc out of the goodness of their heart, well is fantasy at best.
The difficulty will readjust and mining will be profitable again. This is pretty basic stuff. 
Interesting to keep the environment clean.
But there are a lot out there which needs some focus first before going for bitcoin.
How old bitcoin is? Why is it questioned now with pollution?
At what time is cigarette created? How the hell is that thing cannot be stopped from creating more?
How about the pollution of vehicular things?
Let us not go with factories too.
This world will be abused by human no matter what goal we look to save it.
But there are a lot out there which needs some focus first before going for bitcoin.
How old bitcoin is? Why is it questioned now with pollution?
At what time is cigarette created? How the hell is that thing cannot be stopped from creating more?
How about the pollution of vehicular things?
Let us not go with factories too.
This world will be abused by human no matter what goal we look to save it.
We know that energy consumption in miner activities is less if we compare it with large industries. Today there are also many alternative energies but because of the expensive needs so it does not solve solutions for industry and business activities. And no one has tried alternative energy for mining activities, because they need stable energy to prevent the possibility of damage to the equipment.
There is some energy as a substitute made by some people, there is even energy from animal dung, a matter of expensive cost. We have not yet found energy that is environmentally friendly and inexpensive. In a business organization profit is the most important, there are rarely organizations that see the future life. and finally something like this happened.
There is some energy as a substitute made by some people, there is even energy from animal dung, a matter of expensive cost. We have not yet found energy that is environmentally friendly and inexpensive. In a business organization profit is the most important, there are rarely organizations that see the future life. and finally something like this happened.
I think that in the situation with bitcoin mining, it is unlikely that anything will change in the future. Perhaps there will be less harmful production, but not significantly. Unless other computers will be invented that will perform this work better, but it is not known whether the production of these computers will not harm nature.
Hey
We all know how the year had been
, unfortunately we have seen worst case of bush fire in Amazon , in Australia , environment is changing drastically , not so long enough we used to have snow here and now it's already January , no sign of snow ...
In certain places where it was supposed to be winter , it's raining there tremendously and it's something that am seeing from my own eyes.
I think this 2020 we should focus on reducing the carbon footprint of bitcoins , reduce the energy minning takes ND the pollution it generates .
Hopefully the community will come forward and the creators will also look out for this .
If you are in the IT sector please spare some time and brains for this problem and try finding a way out .
We all know how the year had been
, unfortunately we have seen worst case of bush fire in Amazon , in Australia , environment is changing drastically , not so long enough we used to have snow here and now it's already January , no sign of snow ...In certain places where it was supposed to be winter , it's raining there tremendously and it's something that am seeing from my own eyes.
I think this 2020 we should focus on reducing the carbon footprint of bitcoins , reduce the energy minning takes ND the pollution it generates .
Hopefully the community will come forward and the creators will also look out for this .
If you are in the IT sector please spare some time and brains for this problem and try finding a way out .
Okay I do agree Bitcoin does contribute to pollution but, that is negligible.
Major concern is vehicular pollution and industrial pollution. Third world countries have started working on it but, industrial power giants like America are ignoring it.
Things have to change and change can come only when big leaders agree and not disagree. I live in acoutry where plastic bags have been banned completely, more and more innovative ideas are being implemented to reduce carbon footprint. Like subsidizing electric vehicles and promoting it in large scale.
Hopefully my country Neill achieve the target within the next decade.
P.S I live in a third world country.
I agree, we cannot blame Bitcoin when what we are seeing right now are consequences of what happened years ago. We are primarily responsible for what is happening today. And it hurts to see how these fires have ended up with big green lungs, but we can improve it, do you know the story of the couple that planted 2 million trees in a destroyed jungle?
And they achieved an excellent change, because this is what I think we can do, we must not blame or have regrets, we must begin to execute changes.
BTW, you are trusting a mere 4 mining pool operators to not 51% bitcoin on a daily basis.
Except that's not how it works at all.Most mining pools can be joined by anyone, and conversely, left by anyone. The mining pool operators do not own much of the hardware which is mining in their pool. It is owned by other people and simply directed at that mining pool. If a mining pool was to plan a 51% attack, the likelihood is that all the third party miners mining on that pool would leave - they have nothing to gain and everything to lose by lending their hashpower to somebody else's attack. It is more profitable for them to mine honestly than it is to try to prop up somebody else's 51% attack.
The exact same logic applies for trying to get 4 mining pools to coordinate a 51% attack. Even if one of the big pools with 15-20% of the hashpower wanted to perform a 51% attack, and even if all the miners mining on that pooled didn't leave, for the duration of their attempted attack they are now no longer mining blocks on the main chain. This makes it even more profitable for the other 3 big mining pools in your hypothetical scenario to stay honest and mine on the main chain.
We know that bitcoin mining consumes a lot of electricity. Of course for these reasons, the future survival of Bitcoin can be jeopardized. Bitcoin mining should be done using renewable energy sources as a major solution to the electricity consumption problem....
PoS is not a cure. It adds so many more problems that I don't see much viability in the concept. Another thing is that most people only care about PoS because it allows them to earn passive income. They do not care about anything else as long as they see that yield. Admittedly, I like the idea of passive income as well, but I'm glad that Bitcoin isn't following that route.
If Ether ends up transitioning to PoS and there is some decent incentive for me to stake, I might seriously look into it, but purely from a profiteering perspective. I'll explore any possible trustless way to get more satoshis in return.
If Ether ends up transitioning to PoS and there is some decent incentive for me to stake, I might seriously look into it, but purely from a profiteering perspective. I'll explore any possible trustless way to get more satoshis in return.
With that regard, what we need to adjust and to improve is the source of electricity and resources we need to use in order to mine bitcoin. Me too, I do not think what's best for a particular cryptocurrency would also be the same when applied to others. We can see, the efficiency we need to figure out is through the power consumption and rewards, and bitcoin surely does have its own protocol for that, let's just trust the system because in the near future, with the POW, miners will be happy to sell their bitcoin at huge price.
PoS is the cure and PoW is the disease.
PoS is not a cure. It adds so many more problems that I don't see much viability in the concept. Another thing is that most people only care about PoS because it allows them to earn passive income. They do not care about anything else as long as they see that yield. Admittedly, I like the idea of passive income as well, but I'm glad that Bitcoin isn't following that route.
If Ether ends up transitioning to PoS and there is some decent incentive for me to stake, I might seriously look into it, but purely from a profiteering perspective. I'll explore any possible trustless way to get more satoshis in return.
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