Waste to energy; one of the solutions to BTC mining and adoption.

JunaidAzizi

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Quote from: Cryptomultiplier on October 01, 2023, 10:27:19 AM

What's your thoughts, let's discuss!

This is a very good idea of changing the waste products into energy but here I am a little bit suspicious about the government. Is the government not adopting Bitcoin mining due to high energy requirements? I don't think so because bitĉoin is based on blockchain and is decentralized which the govt does not want. There are many countries that allow and support bitcoins but also some other states that ban bitcoin not on the reason of low energy but on the basis of its decentralized nature.
But yeah economically and environmentally it's a good plan to reduce the waste in your cities and and change it into energy. This could lessen the greenhouse effect and also provide new job opportunities for the maintenance of the plant and give good revenue to the govt. Also, these plants can less the cost of energy for Bitcoin mining as it requires a huge electricity which is high in cost if this plant gives the required energy to Bitcoin mining it will cost less as it is produced from waste. So in my view its a good initiatve for both Bitcoin mining and for the state.

MusaMohamed

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Quote from: pooya87 on October 01, 2023, 10:56:43 AM

Is there any government that is even considering adopting bitcoin as legal tender that is also hesitant because of energy consumption concerns? I seriously doubt it.

It is not a main or only reason for governments to be against Bitcoin. They see Bitcoin as a big threat to their fiat currencies and CBDCs in future as well as are fearful that their citizens will become less favorite with their fiat currencies, CBDCs and switch to use Bitcoin more as better mean for value, monetary transfers and reserves.

Energy consumption is only one of reasons that is used by governments to attack Bitcoin and they can use more reasons even unreal, non-existing to attack Bitcoin.

Endthefud.org (energy)
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franky1

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most people put their paper/card stuff in recycling bins.. where the general waste is the more hazardous stuff that cant be recycled. incinerating this stuff will cause poisonous fumes if just dumped into a fire.. or excess costs to sift through the trash to find the safe materials to burn

its not cost effective

Cryptomultiplier

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Quote from: LoyceMobile on October 01, 2023, 11:52:39 AM

Quote from: masyari on October 01, 2023, 11:45:03 AM

I think that big mining center can be used to heat a small town, it looks like a good option as for me

There's more than enough industrial heat "left over" for that already, but it's not that easy to use for heating on a large scale.

The sooth is also converted to vapour and doesn't seem like a concern to the climate or ozone layer.
I know there are more industrial heat, but this is quite different in the sense that it is deliberate in the recycling process and have considered options that concerns sooth emissions and any condition that used to affect the previous implementation of waste to energy solutions.

LoyceMobile

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Quote from: masyari on October 01, 2023, 11:45:03 AM

I think that big mining center can be used to heat a small town, it looks like a good option as for me

There's more than enough industrial heat "left over" for that already, but it's not that easy to use for heating on a large scale.

masyari

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I think that big mining center can be used to heat a small town, it looks like a good option as for me

stompix

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Blackjack.fun

Quote from: Cryptomultiplier on October 01, 2023, 10:27:19 AM

Ever considered venturing into waste business?
It is lucrative and a very creative endeavor for the people of Copahengen to have built a very large waste to energy conversion plant and infuse it with ski sports and any outdoor sport or for relaxation of people withing the vicinity

In theory, in reality, a money pit!
That thing has burned more money than waste, had to be bailed out 3 times already in a decade.

A Danish fiasco: the Copenhagen incineration plant
https://zerowasteeurope.eu/2019/11/copenhagen-incineration-plant/

With recycling taking more and more trash out of the dumps in economically feasible processes and Europe emphasizing more on recycling than just burning it for energy large plants make no sense anymore, and smaller ones make sense are not going to be running 24/7 but in snatches to provide energy during peak consumption times.

abel1337

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I'm sure that the waste to energy conversion to support bitcoin mining had been carefully given consideration by big bitcoin mining companies but I doubt that they considered it. Given that the equipment cost and all setting cost is too high that the profit that bitcoin mining can produce can't sustain the cost. One other thing is the government, it would be lucky for the company if the government fully supports them with their decision but given that most of the countries are uncertain with cryptocurrency, I high doubt about the supporting part.

pooya87

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Quote from: Cryptomultiplier on October 01, 2023, 10:27:19 AM

My proposal to those countries who still consider the energy demand of mining before adopting BTC as legal tender

Is there any government that is even considering adopting bitcoin as legal tender that is also hesitant because of energy consumption concerns? I seriously doubt it.
We've always known that governments don't like bitcoin because it is decentralized which means they can never control it, print it out of thin air, censor people's transactions, and stuff like that. Everything else including environmental impact, energy consumption, etc. is just an excuse because if they announced the real reason ("we [the gov.] can't control bitcoin so we fight it") it would lead to mass adoption in a blinking of an eye Tongue

As for the "waste to energy" idea, it is already being done in a lot of developed countries. The electricity it produces is not enough for mining farms though specially since there are easier and "cleaner" way of getting that electricity like something as simple as solar panels.

LoyceMobile

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LoyceV on the road. Or couch.

Incinerating waste in power plants is not new, and the energy is already being used.

Cryptomultiplier

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Ever considered venturing into waste business?
It is lucrative and a very creative endeavor for the people of Copahengen to have built a very large waste to energy conversion plant and infuse it with ski sports and any outdoor sport or for relaxation of people withing the vicinity.

Check out this link:
https://www.instagram.com/reel/CxdEL-1C2zg/?igshid=NjZiM2M3MzIxNA==

My proposal to those countries who still consider the energy demand of mining before adopting BTC as legal tender is to take a cue and be creative in deployment and development of renewable energy plants from waste disposables and other convertible resources.
Thus, they would have resolved the issues of energy consumption and maintenance when setting up mining farms and integrating BTC payments for transactions, as legal tender or under regulators bearing.

What's your thoughts, let's discuss!

Topic: Waste to energy; one of the solutions to BTC mining and adoption. (Read 121 times)