The ugly side of Bitcoin - page 5. | Bitcointalksearch.org

pinggoki

sr. member

Activity: 1666

Merit: 426

Quote from: TheKeyLongThumbI on May 03, 2019, 02:39:02 AM

Quote from: crzy on April 30, 2019, 05:41:50 PM

Quote from: ?? on ??

As for me, anything that is beneficial requires energy even if its a digital currency or physical money. Bitcoin consumes and bitcoin produces so there is a thermal balance which we must not bother about. Bitcoin is not certainly consuming a huge percentage of electric supply. There are lots of businesses which consumes more energy than mining.

That’s right, this is just a small consumptions compare to those corrupt big companies who are really ruining the nature, just like the real mining industry where they killed many trees for their own sake. Bitcoin is harmless, it can give you good things just treat it right.

That's very true. How can they point us out when they can't put fingers on those multi-millionaire who own those mining companies. There have been numerous time where flashfloods and landslides killed thousands of my people in my country because of rampant mining activities in those forest and mountains. I know that btc mining can be solved by renewable energy but not the real mining.

Indeed, as a matter of fact, bitcoin mining is far batter than real mining or gold mining because first, the electricity consumption of bitcoin mining could be rely on eco-friendly of getting energy such as solar panels unlike the fuel used by vehicle in real mining is non-renewable at could absolutely harm our environment. Generally, all of these have cons but by further finding more efficient solution this negative effects will be clear up.

TheKeyLongThumbI

full member

Activity: 448

Merit: 100

Quote from: crzy on April 30, 2019, 05:41:50 PM

Quote from: ?? on ??

As for me, anything that is beneficial requires energy even if its a digital currency or physical money. Bitcoin consumes and bitcoin produces so there is a thermal balance which we must not bother about. Bitcoin is not certainly consuming a huge percentage of electric supply. There are lots of businesses which consumes more energy than mining.

That’s right, this is just a small consumptions compare to those corrupt big companies who are really ruining the nature, just like the real mining industry where they killed many trees for their own sake. Bitcoin is harmless, it can give you good things just treat it right.

That's very true. How can they point us out when they can't put fingers on those multi-millionaire who own those mining companies. There have been numerous time where flashfloods and landslides killed thousands of my people in my country because of rampant mining activities in those forest and mountains. I know that btc mining can be solved by renewable energy but not the real mining.

Artemis3

legendary

Activity: 2030

Merit: 1573

CLEAN non GPL infringing code made in Rust lang

Quote from: fiulpro on April 28, 2019, 03:14:24 AM

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 ?

No because this "problem" does not exist and will correct itself by free market forces...

Sooner than later it will be too expensive to mine using energy from the grid in ANY country, even mine. Then the last miners will be those who invested in renewable energy and therefore have free electricity from nature.

For that reason the best thing you can do, is do nothing.

DreamStage

sr. member

Activity: 625

Merit: 258

Pollution is being caused by Bitcoin? Roll Eyes

Actually no, you could still use Solar Panels for Bitcoin production which already exists as for example:
https://bitcoinist.com/bitcoin-miner-says-solar-energy-cuts-mining-costs-by-75/

Sure as in general all those cons exist but sooner or later more adoptations (at least better ones) will be applied so save us from the negative side effects.

drumamat

sr. member

Activity: 1193

Merit: 251

Quote from: fiulpro on April 28, 2019, 03:14:24 AM

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 ?

Yes, mining is relatively harmful, but besides it, our Earth is polluted by a lot of chemical plants.There are a lot of fires per day with the release of a much larger amount of harmful substances.How many cars pollute the atmosphere with exhaust gases.I think if you take it together,the mining looks like a little prank.

BADecker

legendary

Activity: 3990

Merit: 1385

One of the ugliest sides to Bitcoin is hidden. The world is being saved from the communications chaos that would come about from an uncontrolled Bitcoin-as-an-investment. But 5G communications are already online in a few places, and when they come online in a big way, Bitcoin communications chaos will be eliminated... because 5G will be able to handle it all.

So, what's the hidden ugly? It's that 5G radiation will essentially nuke all life on earth, similar to the way a cat is nuked when you place him in the microwave oven.

At best our brains will be partially fried, and Hitler-like people will be able to control us through 5G signals, direct to brain. It's being set up with all the aluminum and barium being sprayed into the air in the form of chemtrails. We absorb this stuff into our systems and brains. It will make us succeptible to 5G radiation controls, mentally, directly.

Cool

sammyp

full member

Activity: 854

Merit: 100

How successful have we been able to address other sources of pollution? Our climate keeps changing now and then. I think bitcoin mining is posing a little threat compared to the other pollution sources such as the kind of vehicles we use especially in the developing and underdeveloped countries.

crzy

full member

Activity: 2128

Merit: 180

Quote from: ?? on ??

As for me, anything that is beneficial requires energy even if its a digital currency or physical money. Bitcoin consumes and bitcoin produces so there is a thermal balance which we must not bother about. Bitcoin is not certainly consuming a huge percentage of electric supply. There are lots of businesses which consumes more energy than mining.

That’s right, this is just a small consumptions compare to those corrupt big companies who are really ruining the nature, just like the real mining industry where they killed many trees for their own sake. Bitcoin is harmless, it can give you good things just treat it right.

mensahkkofie

jr. member

Activity: 280

Merit: 1

There are always bad things associated with the good things in life. This is not only limited to the mining of bitcoin but many activities that are essential in life. With little improvement in modern technology, there would be greener source of energy for the mining of bitcoin and other activities that contributes to global warming.

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: fiulpro on April 28, 2019, 03:14:24 AM

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 ?

If we began to list some of the things that pollute our investments we as a human beings may not be on this earth and most of the things we see do pollute our environment. I think the disadvantage of bitcoin in polluting our environment is insignificant and I don't think it can match bitcoin benefits of being a decentralized way of transactions were third party are not needed in whatever we do financially. The transparency bitcoin bring into transactions and trusts. I think we need bitcoin to resolve most of the financial issues we are having all over the world.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: ?? on ??

Not to mention the energy consumption itself is a trivial amount in comparison to how much electricity is used by the world annually.

that's true, although we shouldn't assume that will remain true forever. if bitcoin continues on a path of exponential adoption and price increase, the energy expended to mine it will likely increase drastically as well. an ever-increasing price (as we've seen for the past decade) creates incentive for an ever-increasing hash rate.

hopefully market forces will drive miners towards cheap renewable energy. that's the ideal, especially as solar panels and other renewable tech becomes cheaper to produce. unfortunately other external forces can undermine this market activity: for example, chinese capital controls provide increased incentive for miners to produce at any cost (and regardless of carbon footprint) in order to aid capital flight outside the country.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: OrangeII on April 30, 2019, 11:03:25 AM

Quote from: pundit on April 30, 2019, 09:35:09 AM

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

you are right. because this is only a matter of energy released from electricity. I think the actual pollution comes from vehicles, or greenhouses. maybe bitcoin minning can have that effect, however, I think it only gives a small effect.

Yes, we shouldn't ignore problem affecting Bitcoin network and if we check it closely the problem which Bitcoin is facing will definitely pollute crypto sphere sooner or later when Bitcoin hit the mainstream of payment if we don't focus on it. But if we talking about environment pollution I also don't see Bitcoin mining polluting the environment than cars etc. Infact, the electricity consume in Bitcoin mining is still low than the electricity consume by the fiat money printing company.

Leonardo7

member

Activity: 686

Merit: 15

This is currently what the media is focusing upon and not the previous Pyramid and Ponzi allegation of the bitcoin state. Well, a lot of projects are now focusing on renewable energy which is eco-friendly. Another thing is that the bitcoin miners are paying for this electricity, and thus contributes to the country's IGR.

TimeBits

member

Activity: 224

Merit: 62

Quote from: bobsav2121 on April 30, 2019, 12:24:44 PM

According to this article https://cryptotradernews.com/cryptocurrency/how-does-bitcoin-mining-work/ ;

Bitcoin mining is largely restricted to people with access to cheap or renewable energy, as well as enough money to run several mining rigs at once.

So, in essence, since traditional (dirty) energy typically isn't cheap most people tend to use renewable energy anyways. I don't think bitcoin mining is that big of a problem for the environment...

I will go out to some of these industrial farms and make a video on all the waste being produced you can already see it in the video I linked above. "bit government fiat is worse" is the main throw back here, come on, what are you 5? That article is b.s. and I can see it with my own eyes. It uses more power than IRELAND ATM! you can energize all of Canada if we keep going at the rate for free next year!

what is "renewable energy" are we able to reuse that power that has been expended to secure that network? I mean if we put it to food we could.

bobsav2121

full member

Activity: 317

Merit: 104

According to this article https://cryptotradernews.com/cryptocurrency/how-does-bitcoin-mining-work/ ;

Bitcoin mining is largely restricted to people with access to cheap or renewable energy, as well as enough money to run several mining rigs at once.

So, in essence, since traditional (dirty) energy typically isn't cheap most people tend to use renewable energy anyways. I don't think bitcoin mining is that big of a problem for the environment...

TimeBits

member

Activity: 224

Merit: 62

Quote from: Genamant on April 30, 2019, 12:14:01 PM

Quote from: fiulpro on April 28, 2019, 03:14:24 AM

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 ?

this issue has been widely raised but bitcoin experts explains that benefits from bitcoin outweigh this fact
you can read this article to know others views about your topic

https://coingape.com/is-bitcoin-mining-actually-an-environmental-hazard/

"In comparison Fiat is far more detrimental!"

yah two wrongs make a right, when your shit stinks blame it on other stinky shit. Grow a pair whoever wrote this article.

Genamant

full member

Activity: 730

Merit: 102

Trphy.io

Quote from: fiulpro on April 28, 2019, 03:14:24 AM

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 ?

this issue has been widely raised but bitcoin experts explains that benefits from bitcoin outweigh this fact
you can read this article to know others views about your topic

https://coingape.com/is-bitcoin-mining-actually-an-environmental-hazard/

TimeBits

member

Activity: 224

Merit: 62

Quote from: ?? on ??

Quote from: TimeBits on April 30, 2019, 12:01:53 PM

Quote from: ?? on ??

DO TWO WRONGS MAKE A RIGHT?

Hi!

You know to guess at how much electricity is being consumed, for a produced known hashrate, the data may not accurately reflect the actual reality, as the asics improve, and get cycled in over time throughout the network, the numbers on the issue are not bad at all. The market cap certainly justifies this use of electricity.

"The market cap certainly justifies this use of electricity"......... KILL YOURSELF

I am certainly not going to violate that command because some apparent bozo states to do such on the net.

I didn't look at the video, but if it is something in china, perhaps you can send your complaint to the appropriate govt agency over there.

First of all I am not in the States, I live on Earth. Secondly,
"KILL YOURSELF.... O WAIT YOU ALREADY" don`t take things out of context. It was a joke but I guess it flew over your head. If you think it was serious I suggest contacting https://suicidepreventionlifeline.org/, I regret saying that I am sorry, I don`t want anyone to kill themselves as you can tell by this post....

Brother that is all over the world! not just in China! more power usage than Ireland, we could feed all of Ireland and transport and run everyone equipment anything that uses power it is literally all the power in Ireland and soon to be Canada. Wake up!

Watch the video if you are going to make a reply to a comment with a video in it. check out this video to while your at it https://www.youtube.com/watch?v=Qnw-hTYOYbk maybe a Lil Dicky can convince you.

TimeBits

member

Activity: 224

Merit: 62

Quote from: ?? on ??

DO TWO WRONGS MAKE A RIGHT?

Hi!

You know to guess at how much electricity is being consumed, for a produced known hashrate, the data may not accurately reflect the actual reality, as the asics improve, and get cycled in over time throughout the network, the numbers on the issue are not bad at all. The market cap certainly justifies this use of electricity.

https://www.youtube.com/watch?v=K8kua5B5K3I LOOK AT THE PILE OF SHIT ON THE GROUND AT 4:46

"The market cap certainly justifies this use of electricity"......... you greedy boy, KILL YOURSELF.... O WAIT YOU ALREADY ARE AND THE REST OF THE WORLD FOR ALL HUMANS AND ANIMALS FOR WHAT FIAT2.0 ILLUSION OF FREEDOM WORK FOR ANOTHER MANS MONEY SUPPLY?

I don`t own any bitcoin, I used to, why do I have to pay more in tax for you to run a network I don`t even give a shit about look into things like carbon tax. I mean I care about blockchain and satoshi. I don`t care about bitcoin in its current state as I see it will only end up killing us all in the end and I prove it in a simulation, It will lead to your kids being $laves or someone you knows kids go watch huntercoin youtube.

Osayo

jr. member

Activity: 294

Merit: 1

Quote from: fiulpro on April 28, 2019, 03:14:24 AM

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 don't really think there is much of a concern about the environmental hazards posed by energy consumption of bitcoin mining. If you compare this to the current energy consumption of the banks and other financial institutions, then you will realize that bitcoin is still a better option as its activities will save more energy than the large power plants used by all the banks put together.

Topic: The ugly side of Bitcoin - page 5. (Read 13750 times)