Topic: Which coin is more green? (Read 2243 times)
Let's be honest, no one expected that Xfinite will get VARA license from the Dubai government, but the fact that it happened gives just an unrealistic hope that Crypto will become part of our daily lives very soon.
If I had to choose that then Cardano would be the best in my opinion. They claim that they have very little energy consumption and have smooth transaction speeds. I didn't know about IDENA and when I visited their website I saw that they are not using PoW or PoS but PoP aka Proof of Person Blockchain.
Wow that is an interesting idea. But I still don't understand why Idena doesn't enter any major exchanges and only exists on Pancakeswap ?
Wow that is an interesting idea. But I still don't understand why Idena doesn't enter any major exchanges and only exists on Pancakeswap ?
IDENA is not as popular as other blockchains. The concept is great, but without support from major exchanges, why bother investing in it? Cardano, on the other hand, is a much better choice. It has a small energy footprint, without sacrificing decentralization. I think its PoS model is far more decentralized than Ethereum. Time will us how far Cardano will go in terms of mainstream adoption and market price.
To say which coin is the "greenest", it's nothing more than a wild guess. There are different consensus algorithms each with their own strengths and weaknesses from the other. It's up to you to decide which coin consumes less energy by doing your own research. That said, don't expect BTC to nove away from PoW just because governments are not happy with its "high energy consumption". ASIC makers would need to make their rigs more efficient in terms of Kwh consumed. As long as decentralization is preserved, nothing else matters. Just my opinion
First everyone good coin in your list 
You may have to wait longer for the green light. Because at this time the market of altcoins is not affecting the investors. Besides, the crypto market can change at any time just need hype and is aimed at big investors.
As a small investor I can never say when the green market will come because I think it is all controlled by investors.
You may have to wait longer for the green light. Because at this time the market of altcoins is not affecting the investors. Besides, the crypto market can change at any time just need hype and is aimed at big investors.As a small investor I can never say when the green market will come because I think it is all controlled by investors.
Well if you meant that there are manipulations from behind, then yeah, it's no secret that there are investors who can do that, they can collude with each other to pump and dump a certain project to make them money. But this is also practice to those coins that might be below in rankings, but in the top 10-20 it's going to be very difficult to accomplished that.
As for the reasons when the market goes green,
a, bitcoin is going up, and so altcoin market is thriving
b. there is a good news in the altcoin like in ETH that can also spill down to the market itself.
Yeah.This 2 (Two) correct reasons and are currently showing evidence and can be seen and monitored from previous price movements. For the pint above, it is very possible, but we cannot see the method and pattern. Only from the price, we can assume that there are large funds coming in and going out when both happen.
If I had to choose that then Cardano would be the best in my opinion. They claim that they have very little energy consumption and have smooth transaction speeds. I didn't know about IDENA and when I visited their website I saw that they are not using PoW or PoS but PoP aka Proof of Person Blockchain.
Wow that is an interesting idea. But I still don't understand why Idena doesn't enter any major exchanges and only exists on Pancakeswap ?
Wow that is an interesting idea. But I still don't understand why Idena doesn't enter any major exchanges and only exists on Pancakeswap ?
First everyone good coin in your list You may have to wait longer for the green light. Because at this time the market of altcoins is not affecting the investors. Besides, the crypto market can change at any time just need hype and is aimed at big investors.
As a small investor I can never say when the green market will come because I think it is all controlled by investors.
You may have to wait longer for the green light. Because at this time the market of altcoins is not affecting the investors. Besides, the crypto market can change at any time just need hype and is aimed at big investors.As a small investor I can never say when the green market will come because I think it is all controlled by investors.
Well if you meant that there are manipulations from behind, then yeah, it's no secret that there are investors who can do that, they can collude with each other to pump and dump a certain project to make them money. But this is also practice to those coins that might be below in rankings, but in the top 10-20 it's going to be very difficult to accomplished that.
As for the reasons when the market goes green,
a, bitcoin is going up, and so altcoin market is thriving
b. there is a good news in the altcoin like in ETH that can also spill down to the market itself.
First everyone good coin in your list You may have to wait longer for the green light. Because at this time the market of altcoins is not affecting the investors. Besides, the crypto market can change at any time just need hype and is aimed at big investors.
As a small investor I can never say when the green market will come because I think it is all controlled by investors.
You may have to wait longer for the green light. Because at this time the market of altcoins is not affecting the investors. Besides, the crypto market can change at any time just need hype and is aimed at big investors.As a small investor I can never say when the green market will come because I think it is all controlled by investors.
Green coins per say means less or no energy used in mining of the coin, isn't it? That means they are Proof of stakes and not Proof of Work like Bitcoin, formerly Ethereum and Litecoin. But makes the coin less decentralized in my own humble opinion
Not necessarily. There's one coin called Magi (XMG) that uses a hybrid consensus algorithm (PoW + PoS). The PoW part stays "green" as the protocol incentivizes small miners on the network. In other words, the smaller the hashrate, the bigger the block reward will be. This coin is no longer being traded across major crypto exchanges, but the community is as vibrant as ever. If only Bitcoin and other PoW-based cryptocurrencies copied its model, the "high energy consumption" issue would become a thing of the past. That's the only viable solution I can think of without compromising decentralization + censorship-resistance.
PoS is even greener, but it's centralized by design. ETH took that path, and it ultimately failed (even though it's still being traded on the market today). The world's second-largest cryptocurrency by market cap is now controlled by the hands of a few (mainly whales and big exchanges). So much for going towards governments' "green energy" propaganda. I'd prefer traditional PoW mining, even if energy consumption stays high compared to PoS-based coins. Decentralization goes on top of everything else. Who knows what will happen in the future? Just my opinion
Don't you get the impression that the answers in this thread aren't perfect unless you mention a project like NeonLink?
however in the world of cryotocurency, this competition for processing power has led to excessive increases in GPU prices as well as high energy requirements limiting already inefficient power supplies. Although most of China's miners use surplus hydroelectricity, people in countries like Iran and the US depend on fossil fuels for mining.
So if you have a coin that has a high market cap (lots of people mining it because it's profitable), guaranteed with a lot of energy, and nothing to use for transactions (low traffic), then we have a situation on which network is too secure, miners are mining empty block and all this power is wasted. The greenest POW projects are those where all blocks are filled to the limit all the time (ETH, BTC) maybe as well (SOL, BNB)
So if you have a coin that has a high market cap (lots of people mining it because it's profitable), guaranteed with a lot of energy, and nothing to use for transactions (low traffic), then we have a situation on which network is too secure, miners are mining empty block and all this power is wasted. The greenest POW projects are those where all blocks are filled to the limit all the time (ETH, BTC) maybe as well (SOL, BNB)
Recently some coins show top class up movement like SNM did 36x and some holders make high Profit in this bear market. Fida coin also shows good upward movement. For new I think Ltc is looking so green and we can see massive bull for Ltc coin because of halving next years
Ltc is a good coin for investment but I don't think it will give you huge amount of profit at a time. Without movement of Bitcoin, ltc don't rise in huge amount. It can be when we'll be able to get big news from ltc. Actually new coins are showing green signals but these may not potential for future.
Green coins per say means less or no energy used in mining of the coin, isn't it? That means they are Proof of stakes and not Proof of Work like Bitcoin, formerly Ethereum and Litecoin. But makes the coin less decentralized in my own humble opinion
Recently some coins show top class up movement like SNM did 36x and some holders make high Profit in this bear market. Fida coin also shows good upward movement. For new I think Ltc is looking so green and we can see massive bull for Ltc coin because of halving next years
Hello,
According to Elon Musk concern about the Bitcon energy consumption, which of TRON, EOS, Stellar Lumens, Nano, Chia, BitGreen and Cardano coins are good?
Thank you.
According to Elon Musk concern about the Bitcon energy consumption, which of TRON, EOS, Stellar Lumens, Nano, Chia, BitGreen and Cardano coins are good?
Thank you.
First of all I will suggest two coins first one is TRON and second one is Cardano because these are the top altcoins in Crypto market. Also these coins have great potential and also promising project. I also recommend you can also choose top altcoins for investment. The main thing is DYOR after investment.
Let's be honest, no one expected that Xfinite will get VARA license from the Dubai government, but the fact that it happened gives just an unrealistic hope that Crypto will become part of our daily lives very soon.
The truth is I have no idea about that coin, nor what scope it may have in the future, but believe me that now all altcoins must be very distrustful, I have a friend who had LUNA and lost a considerable part of money, of course for many it is not much money, but he lost 870USD that he had in that currency and the truth is, at least for me it is money, and I think that due to that experience I would not trust tokens or currencies that come from third parties such as the government, the only currency that I accept is BTC come on Wherever it comes from, in fact the government that now has many problems due to the low price of BTC is El Salvador, however it is the only country that did adopt BTC, and for that reason, that president has all my respect and admiration.
We have to watch as the price of all coins rises. If we buy a coin to see when the price of a coin will go down and when it is good, then we will see that we get a good amount of profit from it.
did you know coins in 2018 if you have known coins in 2018 did you invest in coins in 2018 the answer is I'm sure you didn't dare to invest at that time, even though now it seems that in 2018 the price of coins fell and many regretted it for not investing at that time, that's how it is now talking about buying cheap and selling when prices are high everyone knows that but what is difficult is guessing when the price of the coin really drops.You are right, in 2018 and also in 2019 it was a good time for many to buy, not only BTC but many cryptocurrencies in general, what happens is that from 2018 to 2020-2021 that was a BTC ATH. all those who bought in 2018 many still have their coins, and it is not a bad idea because when there is another ATH of BTC it will be a macro profit for them, starting from that principle is that investors have their way of thinking.
Every investor makes his investment in the long term, that is, they think that income will be generated in 4-5 years, and for those who are on Wall Street it is even more so, they get their ROI at almost 8-10 years.
We have to watch as the price of all coins rises. If we buy a coin to see when the price of a coin will go down and when it is good, then we will see that we get a good amount of profit from it.
did you know coins in 2018 if you have known coins in 2018 did you invest in coins in 2018 the answer is I'm sure you didn't dare to invest at that time, even though now it seems that in 2018 the price of coins fell and many regretted it for not investing at that time, that's how it is now talking about buying cheap and selling when prices are high everyone knows that but what is difficult is guessing when the price of the coin really drops.
When I watched the YouTube video.Then I bought some tron coins.Then right now the price is in the same place.I don't know about this why the price is same position.So i don't deicide which coin buy and hold.
I agree with you that's good idea for trading .Everyone say same word but that doesn't seem to be happening anymor.
We have to watch as the price of all coins rises. If we buy a coin to see when the price of a coin will go down and when it is good, then we will see that we get a good amount of profit from it.
I agree with you that's good idea for trading .Everyone say same word but that doesn't seem to be happening anymor.
Recently, there have been a lot of random surprising headlines about cryptocurrencies' environmental impact. I suggest you go with Cardano,
Cardano is naturally more energy-efficient since it employs a consensus method in which users purchase tokens to join the network. This helps conserve a staggering amount of energy, according to Cardano's founder, who claims that the cryptocurrency network uses only 6 GWh.
Ref. https://www.analyticsinsight.net/top-10-greenest-cryptocurrencies-to-buy-and-hold-in-march-2022/
Cardano is naturally more energy-efficient since it employs a consensus method in which users purchase tokens to join the network. This helps conserve a staggering amount of energy, according to Cardano's founder, who claims that the cryptocurrency network uses only 6 GWh.
Ref. https://www.analyticsinsight.net/top-10-greenest-cryptocurrencies-to-buy-and-hold-in-march-2022/
Always pay attention to the top ranking because I want to identify the coins that look promising Of course no currency can be green every day because the market is always correct but I am hopeful that some of the coins I buy will be polygon.
We have to watch as the price of all coins rises. If we buy a coin to see when the price of a coin will go down and when it is good, then we will see that we get a good amount of profit from it.
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