Bitcoin emerged as an alternative option to the traditional currency with extended features and its underlying technology i.e. blockchain is grabbing the attention with its security benefits. But every good thing has some setbacks which make it harder to accept with ease and the same thing happening with Bitcoin now!
Topic: The ugly side of Bitcoin - page 4. (Read 13750 times)
I disagree with your statement here. Bitcoin is not the cause of the problems that you stated bitcoin is just a cryptocurrency that wants to help people in different country to lessen the effort to send money and make it easy to communicate,. Global warming is not just caused by mining.
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
the fundamental problem here is that humans are still using money. you think the banking system consumes no energy and has no carbon footprint? how about gold mining?!
bitcoin didn't solve the problem of how to secure money without energy consumption. that hasn't been solved yet and may never be.
Well I'm thinking of a something like a solar panel and a wind or water turbines produced energy to use in mining but I think it would be a problem too since a water and wind turbine needs a lot of water and a good area to maximize the air flow in regards with solar panels I think you need tons of solar panels to run a mining equipment for 24hrs since the solar panels can only gather energy during day.
I might thinking of a new kind of coin to introduced that doesn't need to do mining using energy maybe through nodes? I'm not sure I'm just giving my idea since I don't have enough knowledge about technical stuff and I don't know the cons and pros of the idea I shared.
I might thinking of a new kind of coin to introduced that doesn't need to do mining using energy maybe through nodes? I'm not sure I'm just giving my idea since I don't have enough knowledge about technical stuff and I don't know the cons and pros of the idea I shared.
If you count nuclear power plants in "clean" (meaning non warming effect), then the figure is not unrealistic.
From the article I quoted:
"One user (@khannib) found that 10 years of Bitcoin mining has produced the equivalent energy consumption as all American cars in three or four days."
A least most of the electricity used in mining comes from clean or renewable energy sources, not producing dirty emissions that would require you to wash your car sooner than you would like too - you are essentially comparing apples and oranges.
I may be wrong but isn't most mining electricity still coming from traditional sources rather than solar, wind, and hydro.
America could easily cut down emissions if they had more public transport systems instead of everyone owning a car.
For me I don't see the bad side neither the ugly side of it too. Though I can't deny that as of the moment people around the world still need fiat currency, however, Bitcoin may not be like fiat as needed but its an opportunity to everyone who believe in it, including myself of course. It cannot be deny also that Bitcoin nowadays was very popular in the entire world too.
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
Indeed all things must have positive and negative sides. we don't need to be hypocritical to deal with that. but for me bitcoin has many benefits compared to the negative side. the use of bitcoin is very useful to support our lives at this time and also in the future. bitcoin mining is indeed a serious problem, but along with the discovery of renewable energy such as nuclear energy, in my opinion this can be muted. Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
Energy generation is getting more greener these days, with renewable energy sources such as solar energy, tidal energy and wind energy increasing their proportion with every passing year. It is not like fiat energy is environmentally friendly either. Printing all the bank notes and minting the coins requires a lot of paper/pulp and metals.
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
https://beincrypto.com/how-much-pollution-does-bitcoin-mining-really-produce/
So much more energy efficient than many many other things.
From the article I quoted:
"One user (@khannib) found that 10 years of Bitcoin mining has produced the equivalent energy consumption as all American cars in three or four days."
There are uglier side than mining bitcoin.
For example my company using coal to generate electricity and the people who live near coal factory are suffering because they produce dirty pollution.
Yes, crypto mining require more energy as long as they exist but there are more problem that need to be solve and crypto still not priority yet
For example my company using coal to generate electricity and the people who live near coal factory are suffering because they produce dirty pollution.
Yes, crypto mining require more energy as long as they exist but there are more problem that need to be solve and crypto still not priority yet
The production of energy from coal isn't as dirty as people think. Didn't you hear about the latest Japanese project to build some new coal burning plants. They had enough of atomic energy after Fukushima and learned that what used to be advertised as clean energy is actually deadly. The pollution that Fukushima caused wouldn't be possible to achieve if they run a coal power plant for 100 years.
Japan is poor in resources such as oil and natural gas, and it built numerous coal-fired power plants in the aftermath of the “oil shock” of the 1970s in order to reduce dependency on oil and diversify its energy sources. The country also increased its dependency on nuclear power and liquefied natural gas.
As climate change issues grew in importance, the government, in its basic energy plan endorsed in 2010, sought to increase reliance on nuclear to 53 percent of the total and reduce that of coal to 11 percent by 2030. But the Fukushima No. 1 disaster threw that plan into disarray.
https://www.japantimes.co.jp/news/2018/10/09/reference/japan-continues-rely-coal-eyes-coal-fired-plants-despite-global-criticism/#.XM7dIjAzaUk
There are uglier side than mining bitcoin.
For example my company using coal to generate electricity and the people who live near coal factory are suffering because they produce dirty pollution.
Yes, crypto mining require more energy as long as they exist but there are more problem that need to be solve and crypto still not priority yet
For example my company using coal to generate electricity and the people who live near coal factory are suffering because they produce dirty pollution.
Yes, crypto mining require more energy as long as they exist but there are more problem that need to be solve and crypto still not priority yet
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
https://beincrypto.com/how-much-pollution-does-bitcoin-mining-really-produce/
So much more energy efficient than many many other things.
The importance of Bitcoin in the present age is increasing day by day. Bitcoin is one of the best sites to earn money in a very short time. But in every good direction, bad aspects are also hidden. There are also some bad aspects of Bitcoin. People are so much leaned on it that they forget about everything and just stick to this site.
Thank You
Thank You
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
I heard many statement like this, come on mate open your eyes. Did you know that the cost that government spend for paper money. Government spends a lot of money for the creation and the maintenance of paper money. Bad or ripped paper money will be burned and replaced by the new one while there is nothing like this in bitcoin. Remittance service also spends high of cost to move paper money to destination place, it needs car, safety box and police to make sure that everithing it save. But when you use bitcoin then hou don't need something like that. Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
Why did you edit my quote?
also I am not promoting any "sh*t coin" I am promoting forging or bundling or time dispensed tokens, just used one as a example. That do the same thing as bitcoin mining with 1/100000000000000000000000000000000th of gigawatts of power usage (coins that do not cause sh*t to our environment or create "waste material" also literally know as "sh*t") or use our power that we could be feeding people with.
https://youtu.be/K8kua5B5K3I?t=284 go ahead look at the "sh*t" your kids, kids, kids will live in it! Open your eyes, stop being ignorant buddy.
ToxiCity: life at Agbobloshie, the world's largest e-waste dump in Ghana https://www.youtube.com/watch?v=mleQVO1Vd1I *this is literally trickle down economics and the future of the gold standard
Yah that will be great, a bunch of people burning toxic plastic to get a bit of gold out of a computer, nah no negative effects foreseen here.
looking at your old post, "yah its just propaganda", NAH THERE IS NOT MAJOR WASTE! WHAT ARE YOU BLIND? more power usage than IRELAND! THAT IS NOW! WHAT ABOUT IN ANOTHER 20 YEARS
meh will just launch it into space, I am sure the aliens won`t mind when a telsa car smacks em in the face, ok will just launch it at the sun it won`t have any negative effects, nah let`s just put it on the moon that won`t screw up the orbits and tides or anything, hey wait.... we could sweep it under the carpet and put it on the bottom of the ocean that way we don`t have to see it for a few years. I heard the toxic will turn some turtles into ninja turtles and they are pretty cool.
also I am not promoting any "sh*t coin" I am promoting forging or bundling or time dispensed tokens, just used one as a example. That do the same thing as bitcoin mining with 1/100000000000000000000000000000000th of gigawatts of power usage (coins that do not cause sh*t to our environment or create "waste material" also literally know as "sh*t") or use our power that we could be feeding people with.
https://youtu.be/K8kua5B5K3I?t=284 go ahead look at the "sh*t" your kids, kids, kids will live in it! Open your eyes, stop being ignorant buddy.
ToxiCity: life at Agbobloshie, the world's largest e-waste dump in Ghana https://www.youtube.com/watch?v=mleQVO1Vd1I *this is literally trickle down economics and the future of the gold standard
Yah that will be great, a bunch of people burning toxic plastic to get a bit of gold out of a computer, nah no negative effects foreseen here.
looking at your old post, "yah its just propaganda", NAH THERE IS NOT MAJOR WASTE! WHAT ARE YOU BLIND? more power usage than IRELAND! THAT IS NOW! WHAT ABOUT IN ANOTHER 20 YEARS
meh will just launch it into space, I am sure the aliens won`t mind when a telsa car smacks em in the face, ok will just launch it at the sun it won`t have any negative effects, nah let`s just put it on the moon that won`t screw up the orbits and tides or anything, hey wait.... we could sweep it under the carpet and put it on the bottom of the ocean that way we don`t have to see it for a few years. I heard the toxic will turn some turtles into ninja turtles and they are pretty cool.
Seriously? I just cut out the previous that are already answered there is no point in quoting that one back. Tokens for another coin right? then it is still a sh*tcoin. You are just looking on the other side. Of course chinese doesn't always care about the environment, you know how toxic they are. What I am trying to say here is that we can actually still do mining bitcoin using a much more environmental friendly way of getting your energy. It is all about the type of energy you've been using but the coin that you've been talking is not the answer to that as I have said that can just be a type of coin which is actually considered as sh*t.
You keep ranting about the usage of so much energy. Have you ever used bitcoin? or even mined a coin? If so then stop being sarcastic about it you also contributes to the effects it causes. If you would say no " I don't think so"
Pretty sure if the Energy Companies Selling energy to those miners had an issue, they could just increase their price so it's unprofitable to mine.
But they don't.
Because they Love BTCBTC
IDK, blaming this "Global Warming" on BTC Miners seems kinda like something the oil companies would say...
They are most probably the one who will point fingers to this miners, they should be the one that will be blamed, but that's business everyone will wanted to stop something that will make a good competitions or make some impacts to their own self greed, we never know as we don't have anythingBut they don't.
Because they Love BTCBTC
IDK, blaming this "Global Warming" on BTC Miners seems kinda like something the oil companies would say...
to point things to another.
Pretty sure if the Energy Companies Selling energy to those miners had an issue, they could just increase their price so it's unprofitable to mine.
But they don't.
Because they Love BTCBTC
IDK, blaming this "Global Warming" on BTC Miners seems kinda like something the oil companies would say...
But they don't.
Because they Love BTCBTC
IDK, blaming this "Global Warming" on BTC Miners seems kinda like something the oil companies would say...
The Good
Bitcoin is incredibly secure. Most of the time, people talking about “hacking” when it comes to cryptocurrencies have no idea what they’re talking about. At this point, barring an (extremely unlikely) exploit to the underlying cryptographic algorithm, it would take nation-state level budgets to be able to perform attacks on the network
maybe the worst thing is, crypto is always the target of hackers, or other things like scammers. well, this is difficult to avoid if we are not careful. even I myself have felt the bitterness of believing in a scammer, or a hacker who took my bitcoin in my wallet. Bitcoin is incredibly secure. Most of the time, people talking about “hacking” when it comes to cryptocurrencies have no idea what they’re talking about. At this point, barring an (extremely unlikely) exploit to the underlying cryptographic algorithm, it would take nation-state level budgets to be able to perform attacks on the network
that is not the ugly side of "bitcoin", i would go as far as saying it has nothing to do with bitcoin. it is all about the ugly side of the electric producing companies that have been producing it inefficiently and with lots of pollutions. bitcoin is just using what is offered to it by them. we can't change everything. we have revolutionized the concept of currency from being centralized to being decentralized, you can't expect us to also revolutionize the electricity production too!
I agree with you that it is not the bad side of bitcoin because bitcoin has nothing to do with environmental pollution. When energy use begins to be inefficient we cannot blame what other people do, because more and more energy technology is increasingly needed.
The rest is the task of the energy company to be smarter in developing strategies.
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