Topic: Will countries ban Bitcoin mining due to environmental concerns? - page 6. (Read 1518 times)

The mainstream media will keep up with the FUD because that's what the majority of the people outside of the crypto want to read, many people think they missed this train so they just hope the whole crypto world will somehow fail. Of course writing that bitcoin uses clean energy is not interesting, so they'll keep lying.

You haven't seen any accusations?
You haven't seen thousands of people chaining themselves to the fences of factories, blocking access to mines, protesting every day in front of companies' offices?
Do you know what extra taxes are imposed on the extraction of raw materials for transportation on the energy bill?
Do you know how much money some of that pay in green certificates to keep producing stuff?

I just have to admire the level of basis some have here, after 3 years in which everyone was saying bitcoin mining is green, bitcoin mining is doing now with only renewables somehow everyone now is angry that a bill states the same as they were shouting, mine only with green energy or don't mine! What happened to those 80-90% percentages, where those just lies feed through laser eyes to the gullible masses for another pump?

The other thing is that some still want to compare bitcoin mining with some industries, let's compare bitcoin mining with car manufacturing.
Tomorrow, in two parallel worlds one of them stops, let's see the impact on the economy for each case!


Show me that "research" and I can show you 20 cases of large farms using coal and gas, and you're free to try and at least match the one's mining with renewables.
Do you have an example of mining farms using wind or solar? I have tens with coal!

As for the whole bitcoin vs banks..


Been there, done that!

To all of you, stop trying to picture bitcoin as a thing that uses 10w and all those come from a windmill in Switzerland, it's not like that, a lot of energy is dirty, because it's CHEAP and that's all that matters for miners, it's also a bad approach to keep comparing it to banks, if Bitocin goes to 100k, the reward will triple, miners will put twice as much gear in place and the consumption will double, you're going to end up willing to delete your posts about comparisons.

The right approach is to acknowledge these facts and understand the economics behind them, the energy is consumed because it produces something that is valued enough to generate this usage, that's a basic law of a free economy, you can't have security trust and demand with nothing to compensate.

But what I think this can be temporary only. I feel the Government will help to keep this Bitcoin mining continue to run, I really be expecting support and to find solutions in regards to environmental concerns like energy consumption. Some people just think straight that Bitcoin is a threat to the environment without seeing that there is a way to prevent it, which in fact, I don't think it was.

Well, it's up to them to decide. But what I think about this proposal couldn't get approval and possibly this will just end up discussing how to improve and lessen the environmental effect of crypto mining.

I think this will never happen worldwide , maybe there is a chance that there are many countries that will put this into Law but there will always other country that will stand supporting Bitcoin mining as they can see the potential from this than a threat .
But still we cannot predict this to happen until it comes close as the environment needs to be healed and if Mining will continue damaging this? then that is the moment that world will take this into actions.

The topic of the prohibition of cryptocurrency mining, which at the same time uses the PoW algorithm, is increasingly found in the media, which quote high officials from various countries. We see that New York has even adopted a similar bill, which, however, still needs to be signed as a measure.
Our climate continues to change at a rapid pace and states are forced to take some measures to prevent these undesirable consequences. It is easier for them to make such prohibitions in cryptocurrency than in their industries, which need fundamental changes and additional investments for this. I think that such a ban can indeed be adopted in the future by different states.

I recently saw a topic and article where people are discussing banning bitcoin mining in new york city, It's not really surprising if I see some countries are doing the same thing for the whole country. bitcoin mining ban is profitable for the government because they can milk some money from the miner by getting tax from them but on the other hand, they have to supply some power for them and this can be hard especially during the summer when power usage increases also some governments have to use fossil energy resources to supply the power which is not good for the environment and this can be another reason.

1.Even if some countries ban crypto mining, they will ban the mining that uses "dirty energy" (produced via burning coal). This doesn't make sense because other industries aren't punished for using "dirty energy". "Green energy" crypto miners won't be banned.
2.Nobody can force the PoW cryptocurrencies to become PoS cryptocurrencies. Even if some governments try to do this, the users of PoW coins like Bitcoin will migrate their coins to crypto exchanges located in other countries or to the darkweb, the PoW miners will also migrate.
There's nothing to worry about.

No! some countries like to ban and unban bitcoin mining. I would not be surprised when they'll( might be in winter) unban it.

If it can survive till now. Then surely it will.

Some countries will ban and others will mine. It is the same as some people selling their BTC and some buying.

FUD against bitcoin will always exist like the past decade and people like you would fall for it to some extent and start asking questions like this but the reality is that bitcoin is not affected by the FUD and will not change anything.

As for the PoW ban, it will definitely happen in some countries where the incompetent governments try to hide the fact that they could not provide their country with enough energy and they had to find something they could redirect the blame to and bitcoin has been a good option for them.
Other than that, the world is too big for a small portion of it banning mining affecting bitcoin's overall hashrate. For example if US and the colonies (ie. EU) banned bitcoin the rest of the world still continues mining bitcoin.

They always have the backup plan for environmental issues that they come forward for bitcoin mining and POW based cryptos mainly btc as it uses the highest amount of electricity depending on the heavy ASIC machines being used in it.They are saying it's bad for environment although many miners are shifting towards green energy usage for mining but if they have planned they will ban mining not bitcoin as a whole.

for 13 years of Bitcoin existence ? Bitcoin mining is banned only in selected countries and specifically few so meaning the question exaggerates the situation , and like what Loyce says above , it depend in taxations , how will a miner operates in place where the tax will take all the possible profits?
meaning there is no need to Ban crypto mining .
but also worldwide? Am not sure it will happen because look around , there are come countries now that adopted Bitcoin so surely they are not part of this worldwide banning if ever will going to happen right?

Yes. I'm fully aware about the origins of the energy used to mine Bitcoin. But the general public does not know about this. Mainstream media is evil, so they will keep pushing the "high energy consumption" narrative in order to try to destroy Bitcoin as much as possible. Governments could be behind this, as they don't want people to gain true financial freedom. You're absolutely right that the bank system and gold extraction consumes a lot more energy than Bitcoin itself.

Most people believe what they're told (instead of doing their own research), so they will agree with a full mining ban just to "save the planet". So far, only China and the state of New York have an anti Bitcoin mining agenda. The vast majority of the world's governments is on Bitcoin's side. As long as the majority is supporting Bitcoin, there should be nothing to worry about. Just my opinion

There is no denying that bitcoin mining releases a certain amount of carbon and contributes to environmental instability but look at what other industries are doing, mineral resource extraction, heavy industries contribute a lot to environmental pollution and cause serious environmental concerns. But I haven't heard any accusations about it, they seem to be trying to put the blame on bitcoin when it's only a small part of it. I agree with @The Cryptovator, those guys are just looking for an excuse to ban bitcoin.

Did you ever do any kind of research about the origin of energy used to mine bitcoin? Or do you just read articles written by people who know nothing about bitcoin and their job is just to create FUD? Another advise, go look also the amount of energy that the bank system and gold extraction required, and check especially what kind of energy they use, then you tell me if bitcoin is bad and not environmentally friendly 

As a matter of fact, it is still legal for all kinds of Bitcoin miners to operate until now. This bill, if approved and signed by the governor, will not ask Bitcoin mining operations to stop, not even those that are getting their power from nonrenewable energy sources. After all, the bill is not retroactive. It only prevents future mining farms using fossil fuels from getting licenses. It also prevents current farms from having their permits renewed as soon as they expire if they don't shift to green energy.

It seems this bill has been interpreted in such a way that it now grows into some kind of FUD. First, this is not a law yet. Second, even if it is signed into a law, it doesn't ban Bitcoin mining. As a matter of fact, even if signed into a law, Bitcoin miners using fossil fuels will still be allowed to operate provided they only have 20 rigs at most.

As long as Bitcoin mining isn't banned completely, there should be nothing to worry about. The moratorium will only last for a short amount of time, so my guess is that New York miners will resume their operations in full after the dust settles. So far, only one state in the US has taken the approach to "ban" Bitcoin mining but we cannot discard the possibility of other states or countries doing the same in the future. Only mining with alternative energy will change governments' stance against Bitcoin for good. With decentralization at the forefront of Bitcoin, nothing should be able to stand in its way. Just my thoughts

I have to say, its understandable if you would like to just ban crypto outright, it is not really a great for a financial situation for the country because its making crypto a better and its not making the fiat part of that nation better at all. This results with the fact that we are going to see some fiat get devalued just because of crypto, which already happened in some smaller nations. But to say that about crypto for environmental changes? I really do not think that it would be a good idea to just do that at all, I have to say that it would be a bad move, just to find some crappy reason and nothing else. Like make it renewable energy required, but not banned, that makes no sense.

Unfortunately yes, Several countries have rejected moroever ban bitcoin miningbecase they think that mining is against the environtment. Mining is cosndiered not friendly to the environmental, moroever in China, they banit becaus eof the use of electirc supply and demand for mining itself. This has beena big concern actually so far. Bitcoin mining always becomes a pros and con in the cyrpto industry.

This is on point.
How they would consider this ranking?

 Climate Change.
 Energy.
 Water.
 Biodiversity and Land Use.
 Chemicals, Toxics and Heavy Metals.
 Air Pollution.
 Waste Management.
 Ozone Layer Depletion.
 Oceans and Fisheries.
 Deforestation.

Source: http://www.vanguardenvl.com/Sustainability_Environmental_Stewardship/Top_10_Environmental_Issues

Is this something where Bitcoin do surpass them all.?

You know that certain countries will follow in terms of decisions of the majority.Some might be in neutral or would go opposite but in vast decisions then they would go in line with other countries decisions.

Environmental issues are just bullshit things that they do really throw into bitcoin without even thinking into other things which had been a long time problem in terms of environmental.

This is really just showing off  that they do really hate up bitcoin and now even with the slightest energy consuming issues will really be tagged about being bad in the environment.LOL!