You agree that Bitcoin mining is a NO GREEN act? - page 2.

Sonny

hero member

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Quote from: lightyear69 on January 31, 2014, 07:32:43 AM

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.

Sorry, no offense, but I am no interest in a centralized coin at all...

ineedit

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Quote from: lightyear69 on January 31, 2014, 07:32:43 AM

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?

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.

Gator-hex

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No, a hard currency like Bitcoin is pro-environment!

Why? Because fiat money relies on the constant growth of debt.

Without increasing populations, increasing consumerism, increasing inflation and increasing debt, the debt backed fiat system fails.

This is bad for the environment because it encourages people to consume more than they need or require.

We're at peak oil, going forward will be a deflationary environment, this is a perfect environment for a hard currency based on the price of energy.

Bitcoin's mining effort makes the transaction more secure and fairly distributes the coins to those who help build the transaction network.

When people say "easy coin" they mean "less secure coin". When they say "pre-mined" they mean "un-fair advantage"

lightyear69

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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?

Topic: You agree that Bitcoin mining is a NO GREEN act? - page 2. (Read 2267 times)