Which coin is more green? - page 11.

leatutz

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Quote from: hack3rcon on May 16, 2021, 03:37:00 AM

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.

I believe that we all have our research process and a different angle of view. "Elon musk" tried to show up his own view. If we are starting to believe it, we could be part of his views. Which country has more CO2 emissions? Bitcoin is the most popular coin where Elon musk couldn't earn more profit than other altcoins.

Ridwan Fauzi

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So, you just think that Elon Musk will choose an altcoin to changing bitcoin as mean of tesla payment? Be carefull he will make another statement to not use the altcoin that being used as tesla payment.

Elon musk is trying to manipulate crypto currency price movement, take a look to dogecoin. This coin price movement is more attractive comparing to before he came to crypto currency.

zasad@

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https://our.status.im/ethereum-is-green/
Ethereum is green
Nimbus(C)

"Say the average Ethereum validator uses 10% of the processing power of a 100 Watt PC to validate transactions.

Then the average validator consumes around 0.2 kWh of energy per day.

To put this in context, Bitcoin mining appliances like the Antminer S9, draw a load of about 1500 watts — enough to power two refrigerators and a flatscreen TV.

If you run an Antminer 24 hours a day it will consume around 36kWh of energy per day – that’s 180x more energy intensive!

In sum, under some very reasonable assumptions, we see that PoS is 99%+ more energy efficient than PoW."

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POS coins are greener as they mostly depends on online server and use no excessive computational power. Computational resource is an energy hungry activity and is necessary for many other sectors including mining. This competition of computing power has led to excessive rise in the price of GPU as well as high energy needs constrains the already inefficient power supply. Though most Chinese miners use excess hydro electric generation, people in countries like Iran and US are depended on fossil fuel for mining.

rahmat86

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Quote from: hack3rcon on May 16, 2021, 03:37:00 AM

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.

The coins you mentioned above, I think Elon Musk still cares about Bitcoin and Dogecoin. You can try check his tweet again that he accepts Tesla payments using Dogecoin.

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Quote from: hack3rcon on May 16, 2021, 03:37:00 AM

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.

Im only interesting with ADA and NANO. The electricity consume by both of projects already known by lots of parties.

https://www.leafscore.com/blog/the-9-most-sustainable-cryptocurrencies-for-2021/

ADA was consuming very small amounts of electricity and i think that ADA should become the most conservative blockchain for this year.

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Quote from: purka5 on May 16, 2021, 09:03:22 AM

Quote from: Skinny48 on May 16, 2021, 04:54:38 AM

The perfect fit for green coin is helium coin, your miners will use less than 10w just like any routers out there, chia isn't close to green mining because it requires lots of watts just like GPU, you need high CPU cores to plot and many HDD for farming, if you do calculation on watts the results wil be like GPU mining

Cryptocurrency market are very risky, after a green market will be a red market. But because cryptocurrency market raise a lot of newbies came to the industry and if they do not want to risk there are investments funds like https://defiscale.io/ that invest money in gambling and finance and offer a stable income from investments.

in my opinion, it is not a matter of green or red market according to which coin op is more environmentally friendly because Elon Musk seems to be talking about which coin is more about the environment related to the use of the electric power supply used.

purka5

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Quote from: Skinny48 on May 16, 2021, 04:54:38 AM

The perfect fit for green coin is helium coin, your miners will use less than 10w just like any routers out there, chia isn't close to green mining because it requires lots of watts just like GPU, you need high CPU cores to plot and many HDD for farming, if you do calculation on watts the results wil be like GPU mining

Cryptocurrency market are very risky, after a green market will be a red market. But because cryptocurrency market raise a lot of newbies came to the industry and if they do not want to risk there are investments funds like https://defiscale.io/ that invest money in gambling and finance and offer a stable income from investments.

Refrumatrix

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Whichever new project becomes more green in proof of work mining it's never going to take over bitcoin, the reason why because rules today isn't because of its PoW algorithm, there is more to that success of BTC in general, everyone keeps talking about chia coin but sooner or later it will become a pain in the ass

hack3rcon

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Thank you.
How can I see the estimate energy consumption of each coins?
ADA claims that it uses just 6 gigawatt hours of energy annually and TRON claims that its consumption less than 1% of Bitcoin’s energy and EOS has a similar claim. Who is right?
USDT on TRON?

Fesatmas

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all coin will have green potential based on a certain time. currently altcoin have experienced a drastic increase. You just need to do some research, and here I would advise you to take a look at FSN Token, check here https://coinmarketcap.com/currencies/fusion/
since it is currently red you will be happy to accumulate a large amount during the correction.

Tytanowy Janusz

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Quote from: vabchgent on May 16, 2021, 06:49:01 AM

I think it is crucial to have data from several years to see whether a coin is secure or not. We can say with certainty that Bitcoin has been attacked often times but never failed. I don't know IDENA but can it be said that it is as secure as Bitcoin?

Saying "secured" i ment that it is hard to attack it using 51%, hard to be manipulated by single entity that owns majority of voting power. Not the code.

Idena is surely not as secured as Bitcoin but its low cap shitcoin. We are talking here about green coins (low carbon footprint) not "digital gold" coins (reliable, secured, huge). Idena is interesting because its not POW (the more power you eat the bigger is your vote) or POS (the more money you have the stronger is your vote) its POP (1 person 1 vote, equal voting power - achieved by Touring test. Every miner can mine with old laptop or 5$ vps or even for free delegating voting power to friend/family member). Just interresting concept.

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Quote from: Tytanowy Janusz on May 16, 2021, 06:30:17 AM

Quote from: bittick on May 16, 2021, 04:47:35 AM

PoW coins that's relatively low in traffic, newly created with low amount of miners or PoS coins.

This is super wrong. Transactions are very green. What is not green is POW that seucres the network (POW uses majority of power to just quess random numbers not by computing transactions). So if you have a coin that has high marketcap (a lot of people mine it because its profitable), is secured by a lot of energy, and no one is using it for transactions (low traffic) than we have a situation in which network is oversecured, miner mine empty blocks and all this power is wasted. The most green POW projects are those whose blocks all filled to the limit all the time (ETH, BTC).

If someone is looking for green, low cap, innovative consensus - check proof of person - IDENA is the biggest player there.

I think it is crucial to have data from several years to see whether a coin is secure or not. We can say with certainty that Bitcoin has been attacked often times but never failed. I don't know IDENA but can it be said that it is as secure as Bitcoin?

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Quote from: hack3rcon on May 16, 2021, 03:37:00 AM

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.

He just brought it up to rug pull. But in all understanding, that has been an issue thrown to bitcoin for a very long time.
If it is coming from Elon, then people must believe? he missed those mining farms that are using renewable energy to mine bitcoins.

Tytanowy Janusz

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Quote from: bittick on May 16, 2021, 04:47:35 AM

PoW coins that's relatively low in traffic, newly created with low amount of miners or PoS coins.

This is super wrong. Transactions are very green. What is not green is POW that seucres the network (POW uses majority of power to just quess random numbers not by computing transactions). So if you have a coin that has high marketcap (a lot of people mine it because its profitable), is secured by a lot of energy, and no one is using it for transactions (low traffic) than we have a situation in which network is oversecured, miner mine empty blocks and all this power is wasted. The most green POW projects are those whose blocks all filled to the limit all the time (ETH, BTC).

If someone is looking for green, low cap, innovative consensus - check proof of person - IDENA is the biggest player there.

shinratensei_

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They are all good in terms of energy consumption because basically that they were using the POS system which didn't need a lot of miners to operate big mining rig to keep the network to be decentralized.
I thought that TRON, ADA, and NANO were the best coins from your list. Chia has not yet proven its reliability consider there's a bad case about that.

Skinny48

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The perfect fit for green coin is helium coin, your miners will use less than 10w just like any routers out there, chia isn't close to green mining because it requires lots of watts just like GPU, you need high CPU cores to plot and many HDD for farming, if you do calculation on watts the results wil be like GPU mining

bittick

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PoW coins that's relatively low in traffic, newly created with low amount of miners or PoS coins. elon's view regarding energy consumption feels so random though, he prefer coin that's green but choose doge instead even though there's other coins that are greener and better. however, Nano have been discussed a lot recently and people keep saying that it's greener than doge by a lot so maybe nano is the good option here if we're talking about low energy consumption.

hack3rcon

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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.

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