Not necessarily. Use of renewables is considerable, and is growing. The 'waste of electricity' argument will become less relevant over time.
Happy to read such thing. I hope it'll be above 50% in the future. 
Topic: They say Bitcoin is a waste of electricity - page 2. (Read 203 times)
Are you hating jews? No one is talking that btc is the main source of polution. However, its polution effect is growthing with every year
They say Bitcoin is a waste of electricity
As long as mining is profitable, the difficulty will increase. As long as difficulty increases there will be more mining. This means that periodically, mining will damage the environment increasingly.
Not necessarily. Use of renewables is considerable, and is growing. The 'waste of electricity' argument will become less relevant over time.
A Cambridge University study last year into use of renewables in crypto mining found that 'the majority of identified mining facilities use some share of renewable energy sources as part of their energy mix', and that the average contribution of renewables is around 28%.
From page 84 of the report (my bold):
Quote
Less than a quarter of identified miners do not use any forms of renewable energy sources at all, although the energy mix of one quarter of facilities could not be identified. Certain regions such as Xinjiang Province in China rely almost entirely on coal. Nevertheless, weighing the farms by identified megawatts results in a similar picture and shows that cryptoasset mining is much less dependent on fossil fuels than anticipated. Identified facilities draw on average 28% of their energy requirements from renewables. However, the share of renewables varies considerably from one facility to another: while some only use a marginal proportion, others run almost exclusively on renewables. On average, roughly 28% of the total energy supply for both small and large facilities is generated through renewable sources. Among renewables, hydroelectric power is the most frequently used energy source. Nearly half of the identified megawatt capacity featured in the cryptoasset mining map is generated through hydropower. It is worth noting that the mining map identifies 30% of the lower-bound total energy consumption estimate. An interesting pattern emerges when comparing the energy mix with the location of the respective mining facilities. Regions with substantial green power sources seem to become attractive targets for miners, since these locations tend to overlap with places where there is an abundance of low-cost hydroelectric power that is unused and stranded. Energy in these locations is often cheap because demand cannot compensate the oversupply.
And they just try to ban Bitcoin with excuses, because they don't like the idea of monetary freedom for the people.
Most probably. They're trying to excuse themselves for their statements against bitcoin, which means they will continue this non-sense. Remember, not all people believe in monetary freedom.Oligarchs and other powerful people run industries 1000x more polluting than Bitcoin.
Well, I fully agree with this, but there's something paradox with bitcoin. As long as mining is profitable, the difficulty will increase. As long as difficulty increases there will be more mining. This means that periodically, mining will damage the environment increasingly. This is how I see it. If you look at the chart, you'll observe that difficulty has slightly fall in the past years:
It is getting bigger and bigger, for how long? I won't be surprised if mining will be a small factor that the world will suffer from climate change in the next years.
How could that be a waste? There are a lot of people wasting electricity than those mining bitcoin. In fact, there are a lot of bitcoin miners that use renewable energy such as solar energy. If they will be talking about bitcoin like that, as the OP said, how about those people taking advantage or wasting the energy and even slowly destroying the world itself.
Waste of opportunity? That's stupid.
Bitcoin mining does not need all the electricity in the world to work, and even if it consumes a lot of electricity but if it can help the world with its decentralization which means transparency, I think it's necessary to support it. Bitcoin haters would say it's a waste of electricity but those who sees bitcoin's contribution to the world will understand the need.
Bitcoin mining does not need all the electricity in the world to work, and even if it consumes a lot of electricity but if it can help the world with its decentralization which means transparency, I think it's necessary to support it. Bitcoin haters would say it's a waste of electricity but those who sees bitcoin's contribution to the world will understand the need.
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Is printing Fiat paper money is a waste of electricity and wood for paper?? 
Surely this statement is very one sided and the people who made this statement is perma against BTC. The reason was he didn't bought on early stage while he have a chance or he early sold his coins.
Surely this statement is very one sided and the people who made this statement is perma against BTC. The reason was he didn't bought on early stage while he have a chance or he early sold his coins.
Some bitcoin haters usually try to say bitcoin is rat poison, scam or a trap and all the electricity people spend to mine bitcoin is the waste of electricity and this is not something new. because, many people are using regular electricity for mining and and this will take a huge amount of energy. However, since some people use solar panels to supply the electricity for mining none can complain. Even some nuclear power plants are starting to provide some electricity for mining.
Stop this nonsense of the Jew media accusing Bitcoin to be polluting, for the electricity it consumes.
Oligarchs and other powerful people run industries 1000x more polluting than Bitcoin.
And they just try to ban Bitcoin with excuses, because they don't like the idea of monetary freedom for the people.
What to say about pesticides (Monsanto), fossil fuel, industrial waste, electrosmog, chemtrails, etc.?
They don't talk about those of course, but try to stop Bitcoin even if it is orders of magnitude less polluting.
Oligarchs and other powerful people run industries 1000x more polluting than Bitcoin.
And they just try to ban Bitcoin with excuses, because they don't like the idea of monetary freedom for the people.
What to say about pesticides (Monsanto), fossil fuel, industrial waste, electrosmog, chemtrails, etc.?
They don't talk about those of course, but try to stop Bitcoin even if it is orders of magnitude less polluting.
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