Pages:
Author

Topic: Limitations or scalability issues with the Bitcoin network - page 2. (Read 287 times)

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
what do you think?
What we think about what? ChatGPT? It is impressive!
legendary
Activity: 4270
Merit: 4534
Another challenge is the environmental impact of Bitcoin mining. The process of mining requires a significant amount of computational power and energy consumption, which can have negative implications for the environment.
Realistically speaking, it is troubling that people think that bitcoin mining has an impact on the environmental when in fact, the real environment impact of the energy..

bitcoin miners do not generate energy. they generate sha256 hashes
they use energy, but that energy is generated by power stations

its the power stations that should be instructed to improve
i as a user of electric have no power/control/voting rights of how my power is generated. i jsut use what the grid provides. so its the grid that needs investigating and blaming

..
its much like politicians blame people for using grocery bags.. um.. no go complain to the plastics factory that make the grocery bags. go to the oil refineries that sell processed sludge into plastics.. go to the oil fields that sell oil to oil refineries

users can only use whats available.. so go to the source. change the source, problem solved

..
its much like governments allow money printing and cause the national debt.. but then stupidly pretend its the peoples debt
um no. i dont do credit cards or mortgages i have no debts thank you so dont blame me.. go to the source of who created the national debt
sr. member
Activity: 574
Merit: 310
Another challenge is the environmental impact of Bitcoin mining. The process of mining requires a significant amount of computational power and energy consumption, which can have negative implications for the environment.
Realistically speaking, it is troubling that people think that bitcoin mining has an impact on the environmental when in fact, the real environment impact of the energy it costs in printing the dollar, euros and yuan from is a cause for concern from physical materials. But then no one is saying anything about that. Everyone(Fed) is turned to bitcoin, the orphaned child with no one to speak for her.  If you doubt this and want to know more, read this article - Here’s the one currency worse for the environment than bitcoin
Less and less bitcoin is being mined per day but more energy is expended in mining gold, silver and other precious metals including those of the already mentioned currencies.
legendary
Activity: 4270
Merit: 4534
transactions per block are not a technical limit of physics, nor cost essentially.. its more of a developers politics decision

electric usage is actually more efficient per has each year..

electric generation is more of geo politics of energy companies and politicans plans and budget, not the fault of bitcoin
there are only 2.5m devices around the world powering the security insurance of the blocks confirmation strength

EV cars are a less stable, less controllable utility of the national grids source and utility of electric, and there are more EV's
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
Another challenge is the environmental impact of Bitcoin mining. The process of mining requires a significant amount of computational power and energy consumption, which can have negative implications for the environment.
People are the problem themselves. The world has been the hottest this year while bitcoin miners are producing less carbon dioxide than what critics depicted about bitcoin in comparison with the total gases release to the environment that can cause global warming from tiger human activities. The reason the world is getting warmer day after day is not because of bitcoin mining but because of how the world are generating electricity, industrial chemicals released to the environment, deforestation and transport emissions of the gasses that can cause global warming.
newbie
Activity: 26
Merit: 2
One of the main challenges is the transaction processing capacity. Currently, the Bitcoin network can handle a limited number of transactions per second, which can result in delays and higher fees during periods of high demand. This limitation has led to the development of solutions like the Lightning Network, which aims to improve scalability by enabling faster and cheaper off-chain transactions. Another challenge is the environmental impact of Bitcoin mining. The process of mining requires a significant amount of computational power and energy consumption, which can have negative implications for the environment. However, it's important to note that the Bitcoin community is continuously working on addressing these challenges to enhance the network's scalability and overall performance.what do you think?
Pages:
Jump to: