Topic: You agree that Bitcoin mining is a NO GREEN act? (Read 2287 times)
Could you please care to explain how talking about GREEN is so or you don't accept that mining is indeed a NO GREEN act?
Its not like I am in oppose of bitcoin but yes there is somewhere all those mining, computing efforts, investments are a bit unnecessary and I believe pre mined cryptos like XNF-NoFiatCoin or XRP are somewhat in a better position as far as a digital currency is concerned. Sadly, digital currencies nowadays are attached to mining only but the reality is that they are much more than that.
Bitcoin should set aside some funds to donate to NGOs working on green projects.
Bitcoin should set aside some funds to donate to NGOs working on green projects.
You are either living on another planet or in denial. The planet I'm on, the vast majority of electricity is generate by the burning of fossil fuels fossil fuels, coal, gas and oil.
What we really need is something like a Folding@Home coin, where we could do some good for the world while destroying it slowly at the same time.
Probably Satoshi Nakamoto should come out to make bitcoin 100% GREEN and send all miners to a long mars holiday
The other way around. Mining gold does serious damage to the environment, while mining BTC just requires electricity, which only does damage if provided by fossil resources (coal, oil).
The minority of electricity is created this way and steadily decreasing.
The minority of electricity is created this way and steadily decreasing.
You are either living on another planet or in denial. The planet I'm on, the vast majority of electricity is generate by the burning of fossil fuels fossil fuels, coal, gas and oil.
Quote
The share of electricity production from fossil fuels has gradually fallen, from just under 75% in 1971 to 67% in 2009. This decrease was due to a progressive move away from oil, which fell from 20.9% to 5.1%.
SourceWhat we really need is something like a Folding@Home coin, where we could do some good for the world while destroying it slowly at the same time.
Let me know if you want to talk on topic or stay away if you don't like to. Thanks!
Please educate yourself before shooting something off your mouth.
I've been doing this "internet" thing for much longer than most of the people here. As an active participant in usenet, I learned a very, very long time ago what a "troll" was. I have an email address -- still active today -- that pre-dates both the invention of the World Wide Web and the invention of spam. So when you go telling me to educate myself, I can only shake my head at what a stupid FUCK you are.
In Internet slang, a troll (/ˈtroʊl/, /ˈtrɒl/) is a person who sows discord on the Internet by starting arguments or upsetting people,[1] by posting inflammatory,[2] extraneous, or off-topic messages in an online community (such as a forum, chat room, or blog), either accidentally[3][4] or with the deliberate intent of provoking readers into an emotional response[5] or of otherwise disrupting normal on-topic discussion
http://en.wikipedia.org/wiki/Troll_(Internet)
http://en.wikipedia.org/wiki/Troll_(Internet)
Yep. That's a troll. And you're it. Though I'll accept the possibility that you're just retarded.
May be bitcoin can also be made a pre mined in future believe everything is possible.
No, it can't. And you're a troll.
Please educate yourself before shooting something off your mouth.
In Internet slang, a troll (/ˈtroʊl/, /ˈtrɒl/) is a person who sows discord on the Internet by starting arguments or upsetting people,[1] by posting inflammatory,[2] extraneous, or off-topic messages in an online community (such as a forum, chat room, or blog), either accidentally[3][4] or with the deliberate intent of provoking readers into an emotional response[5] or of otherwise disrupting normal on-topic discussion
http://en.wikipedia.org/wiki/Troll_(Internet)
May be bitcoin can also be made a pre mined in future believe everything is possible.
No, it can't. And you're a troll.
I agree with the original post (Answer to you too) which says- Mining is waste of computing power, energy and the possibility of a mining pool taking control of the market by acquiring 51% of all available mining capacity. There are millions of people who are into Bitcoin mining which consume so much electricity, efforts and investment in hardware.
And I support pre mined currencies like XNF-NoFiatCoin
May be bitcoin can also be made a pre mined in future believe everything is possible.
And I support pre mined currencies like XNF-NoFiatCoin
May be bitcoin can also be made a pre mined in future believe everything is possible.
Do you think the ratio of NO GREEN in gold mining and bitcoin (mined currencies) will be equal?
I guess the ratio will be 1:100 (Gold:mining digital currencies)
The other way around. Mining gold does serious damage to the environment, while mining BTC just requires electricity, which only does damage if provided by fossil resources (coal, oil).
The minority of electricity is created this way and steadily decreasing.
XNF-NoFiatCoin which is a pre mined digital currency backed by gold declares that-
Year, this Gold really is remarkable green
http://www.mongabay.com/images/peru/aerial-rainforest/Flight_1022_1516.JPG
...not
Do you think the ratio of NO GREEN in gold mining and bitcoin (mined currencies) will be equal?
I guess the ratio will be 1:100 (Gold:mining digital currencies)
XNF-NoFiatCoin which is a pre mined digital currency backed by gold declares that-
Year, this Gold really is remarkable green
...not
Bitcoin mining is a NO GREEN act because that requires a huge amount of electricity.
Exactly! That is why i believe bitcoin should be made a pre mined digital currency like XNF-NoFiatCoin
People can be involved better ways with it
Bitcoin mining is a NO GREEN act because that requires a huge amount of electricity.
The funny thing is Gold is really "un-green".
Mining gold involves massive amounts of energy and churning of the land, to find relatively tiny amounts of gold specs. Then after we spend all that effort and energy, we store it in the ground in bars and hire armed guards 24x7 to protect it.
I love gold. I'm a gold bug. BUt I'll never buy the arugment that gold is more ecologically friendly than bitcoin,
Mining gold involves massive amounts of energy and churning of the land, to find relatively tiny amounts of gold specs. Then after we spend all that effort and energy, we store it in the ground in bars and hire armed guards 24x7 to protect it.
I love gold. I'm a gold bug. BUt I'll never buy the arugment that gold is more ecologically friendly than bitcoin,
This.
The funny thing is Gold is really "un-green".
Mining gold involves massive amounts of energy and churning of the land, to find relatively tiny amounts of gold specs. Then after we spend all that effort and energy, we store it in the ground in bars and hire armed guards 24x7 to protect it.
I love gold. I'm a gold bug. BUt I'll never buy the arugment that gold is more ecologically friendly than bitcoin,
Mining gold involves massive amounts of energy and churning of the land, to find relatively tiny amounts of gold specs. Then after we spend all that effort and energy, we store it in the ground in bars and hire armed guards 24x7 to protect it.
I love gold. I'm a gold bug. BUt I'll never buy the arugment that gold is more ecologically friendly than bitcoin,
I have found that bitcoin mining is VERY green, although not as green as I had hoped.
Unfortunately, it seems to be less green over time and will eventually turn red.
Currencies having a green issue, FFS, lets all go back to Cowrie Shells.
That's untenable. Think of the poor cowries!
XNF-NoFiatCoin which is a pre mined digital currency backed by gold declares that-
It wants to avoid problems associated with mining: waste of computing power, energy and the possibility of a mining pool taking control of the market by acquiring 51% of all available mining capacity.
http://www.prweb.com/releases/nofiatcoin/xnf/prweb11494965.htm
There are millions of people who are into Bitcoin mining which consume so much electricity, efforts and investment in hardware. Is mining an act which is against going green? Is there a possibility that total costs of all miners put together is more than what is earned through mining?
It wants to avoid problems associated with mining: waste of computing power, energy and the possibility of a mining pool taking control of the market by acquiring 51% of all available mining capacity.
http://www.prweb.com/releases/nofiatcoin/xnf/prweb11494965.htm
There are millions of people who are into Bitcoin mining which consume so much electricity, efforts and investment in hardware. Is mining an act which is against going green? Is there a possibility that total costs of all miners put together is more than what is earned through mining?
All currency is managed and run eclectically, More electric is used to run the worlds ATM,s, payment systems, etc that used in virtual currencies.
Currencies having a green issue, FFS, lets all go back to Cowrie Shells.
Jump to: