Bitcoin Forum

https://cryptodaily.co.uk/2018/01/bitcoin-affecting-environment/

If you take a look at the coinmarketcap.com chart you will see that the crypto currency market cap is continuously increasing at currently $660 billion! Yes, bitcoin is affecting the environment and you can easily see this in the online gambling industry where customers use it to easily deposit and withdraw to and from online gambling sites. However, bitcoin's dominance decreased recently to only 37% and I assume that it will dicrease further to only 20 or even less per cent. Hence there wil be other coins also affecting the environment.

Double agent S-M from Japan designed a system that gave birth to CPU war between
miners and all that hardware not only kept Intel happy but also big oil as it wastes
90KWN just to store 250 bytes of data.

20,000 miners just to do what 100-200 could do must bring joy to our founding leaders
eyes and the crazy $45 in transactions fees we now pay must send him to sleep with
laughter and he knew all along that it would not scale and the development teams is
now working on Lightning Network (LN) in an effort to turn a pigs ear into a silk purse.

With your comment in the title you are about as welcome as a vicar at a wife swapping
party but you know how it is with gamblers ! Unless they get the downs then they won't
feels the highs but no this does not mean that I want to hug a tree quite just yet.

 

Yeah i agree with you not only in the gambling people adopting bitcoin are now focusing how to agin in cryptocurrency using modern techonology learning and learning until got the success, bitcoin giving people the direction how to become have better life.

How on earth could I afford to come gambling at your place when it costs me $45 to get in the door with some BTC
and $45 when I leave again when my misses who's been earning my beer money working as a cam-girl is not getting
any late nigh special requests because she's charges punters in BTC and they aint paying.

Mining and PoW not only wastes money on hardware and electrical energy but has now put glue on the cogs
of industry so can I barter my misses for a few goes on the roulette wheel please  ::)

As the value of bitcoin goes up, more computer power is required to solve the puzzles for unlocking the virtual currency

Why would it affect the environment? The only thing that can easily affect it is the mining, and the electricity that the miners need in order to mine.

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But that is nothing compared to all the shit that the cars, the petroleum, and everything who has quimicals is doing to the whole environment.

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Anyway, you are just trying to create a bad face of bitcoin, so it is a waste of time

Bitcoin is certainly endomaging the enviornment since mining it needs lots of energy and electrcity and that could drain the energy ressources if cryptocurrencies gets out of control and the mining farms numbers explodes . People should invest in renewable energy or this will be a step closer to humans extinction .

although some cryptocurrency have drop in price but that does not mean it because of bitcoin effect other crypto are still increasing in there price despite the drop in Bitcoin

Everything is affecting the environment, plus there are already efficient and clean mining facilities to mine bitcoin, and this is an industry trend because cheap electricity is required to have profitability.

Of course yes! In simply use of current comes from geothermal enery in mining of bitcoin, it can help to reduce the energy in our mother earth. There are also some projects who helping to take care our mother earth like agricultural projects who are supported by bitcoin and ethereum. I believe that bitcoin affects our nature and it is up to us we will take care or destroy our environment.

And as bitcoin continuously give a better option of who we can live our lives through the income we earn, this could not escape the reality that bitcoin is also affecting the environment. Ofcourse technology has been a big factor since then but let's that this will not go father from what we expect.

Yes! bitcoins affects the environment the growth of bitcoin is fueling speculation and debate about the environmental impact of the collective energy needed to power the virtual currency in the era of climate change. The "miners" use computers to make complex calculations that verify transactions in bitcoins. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers. Bitcoin can't exist without computers, which can't exist without a source of electricity. And the number of computers and the energy needed to power them is rising.

If one member of the family is able to develop, he will give the opportunity to the rest of the family to earn more money and thus obtain better education and cheaper innovations.
yes when many find work with good income it is improve small family and family move up Environment.
money changes world and bitcoin is money. Differences in prices can make a difference. Prices differ in Bitcoin.

in my Environment bitcoin plays real effect

Well, if Bitcoin's electricity consumption has already surpassed that of entire countries', then I would argue that it is in fact affecting the environment. Unless all miners are using clean and renewable energy (some are starting to make the shift), this is bad for the environment.

While cars and the like are far worse, the world is starting to go green. Bitcoin isn't. The issue is worsening, and we can't really afford to give governments around the world yet another excuse to pass unnecessary regulations.

You have to acknowledge that there is a problem before you can solve it.

Indeed Bitcoin has been affecting the environment adversely and it only gets worse as we go on. With block difficulty increasing exponentially, more electric power is consumed by mining rigs and this in turn contributes to global warming, indirectly.


Did you even read the article in OP before replying with your rubbish? Its about Bitcoin's influence on the environment and I don't even know what you're trying to say here.

Honestly the only way that I can think cryptocurrency can affect the environment is that it is digitized and does not need trees or any other resources for it to be printed on and only to get smushed and crumpled on. With bitcoin everything is electronic

Yes in the form of minning they use resources like electricity causing global warming and resource like computer emits heat energy and will affect again global heat index

This one is kinda sad but a truth still needs to be shared here. It does take a lot of energy even for a single transaction. It may not be much of an issue for countries with surplus energy, but for some developing countries with limited supply this is quite intriguing. As the mining difficulty keeps increasing so does the energy requirement. I hope we will find more effective and efficient way to process all this transaction :)

Yes! Bitcoin can be “mined” by computers through a very complex mathematical algorithms. These computers from miners all over the world need tremendous amount of energy to perform such processes.

According to Digiconimist, the Bitcoin network’s estimated power use is 30.14TWh a year. This means the electricity consumption of Bitcoin network has exceeded the power produced by the largest Windfarm in Europe.

Since electricity generation is one of the leading source of greenhouse gases, we could tell that Bitcoin greatly affects or environment.

I think BTC indirectly affects our environment.
Miners use electricity for their main purposes, but in comparison with others like: cars, paper, ... It does not habe enormous effect on our environments. In some ways, BTC helps reserve natural resources.

there are a lot of other industries that are affecting the environment a lot more than bitcoin, and most of them are wasteful that are affecting the environment not doing anything useful.

bitcoin has value, it is doing something useful. it is a decentralized payment system for the whole world with highest security and fastest transactions possible. with low fees despite what you see in the past month.

Bitcoin is affecting the environment for sure. Affect to people habit too. Normally people spend time for relaxing and now spend time in bitcoin. And most affect is more people get financial freedom.

I think yes it is affecting on Environment. Like people are willing to buy mining machine to earn via mining the coins. Simple those ant Minner and other machine make hard noise. I don't use those machine but i saw some video on you tube and notice these machines make noise which can affecting on Environment badly.

Bitcoin Mining is effort environment it should environmental friendly and save the planet with new currency

There is no doubt that the negative market impact that bitcoin will have is energy waste. Its production process consumes a large amount of energy with no single source, which is devastating to the global environment.

I think that a change in the environment with bitcoin depends on the characteristics of users and investors who implement their income in the environment in ways that can distract the public, overdo it and make people hot with their attitude. I think everyone should be wise in using bitcoin in everyday life so as not to trigger problems against an environment. so obvious bitcoin can affect when users make something too much and make others jealous and uncomfortable. so that it can lead to a negative view of the existence of bitcoin.

Bitcoin blockchain is the world's largest public chain, and after years of development proved its technical feasibility and stability, it also presented its technical value. At the same time, bitcoin's price is rising rapidly, so even if bitcoin miners consume 24,000 gigawatts of electricity a year to mine it, they still get a profit.

In terms of the mindset of the person yes particularly probably because bitcoin help developed the inner investors in many peoples mind and helps provide a better opportunity for them in terms of the financial perspective because it gives people a chance to have an additional fund.

I don't see any problem here about bitcoin but it is like they are pointing out is the miners. People mine digital currencies or bitcoin in particular, they pay a lot of fees for the electric consumption so? They do not pollute the water and the air like the factories do and some of them are still doing it. It affects the people to mine more but not the environment.

Yes bitcoin will affect with the environment. Bitcoin can help unemployment, some people have a problem with economy, pay their bills and many things.
For the country also can teach the people how to do investment for long term to get more profit more than gold. Bitcoin can use also for transactions, no need pay by cash. It more faster.

Crypto affects on environment indirectly, through miners.
If miners agree to use only reusable, green energy sources, effect on environment would be almost invisible.

I don't really think it affects our environment figuratively, as we all know cryptocurrencies is a digital currency and it affects our environment to act wildly, if the bitcoin price up many people acting on how they can sell their asset asap, when the price go down people are still panic selling and buying, it affects the environment cycle and the playing games with their mind. The tru environment of digital currency is the people's mind and it helps people to think wisely and practically.

Of course it does.
Let's take a look, when you operate bitcoin miner, you need electricity. Electricity being create by fossil and the amount is limited.
I won't be surprise if one day, fossil start getting rare and people will start to think the alternate way to find new source for electricity !

Wherever there is a growth in a currency it does affect the environment in one way or the other. Bitcoin as it has developed so much over the years have given many people a lot of opportunities to make huge profits. So it is affecting the environment in a positive way in this case. But on the other side it is ridiculously charging more fees to make payments and hence the it gives a negative impact on the environment. The media on the other hand are reporting only its negative effects which is further more affecting the bitcoin economy. So there are many ways through which Bitcoin is affecting the environment.

Of course, it is affecting the environment.
Because money changes world and bitcoin is money.

Actually environment includes air, water and land, hope bitcoin or the mining equipment doesn't impact or affect any of these. When you speak about electricity, yes mining will definitely consume more but how come this will affect the environment? Most developed countries are planning to introduce electrical cars to reduce pollution and bitcoin or any crypto currency consuming more electricity is just like IBM, Microsoft, Amazon or Google consumes electricity for their Cloud Technology servers. It is a part of development and future as like other Could platforms.

I think yes , here it doesn't matter that what we are thinking but we should see real factors also that we are seeing .
A magazine that I seen once about 2-3 months back about the bitcoin that how it is effecting our life in positive and negative way .
There was something like to produce heat by the miners and use of electricity for the miners that are effecting the environment much .
But here we should not see towards such things which are not in actual are part of our Life to make effect badly because many other things are also effecting this world which are not taken in consideration by the writer .
Here we are happy with the bitcoin use and I think its negative impact is about negligible then what we have positive and better impact in our economical life .

The bitcoin mining industry needs hardware and a lot of power that can damage the environment and the energy that bitcoin miners may consume, finding that the amount of electricity needed is equivalent to the amount of electricity consumed by 1.5 billion households a year and is likely to affect global resources and The use of energy.

Since bitcoin is computer technology, it requires electricity as its resource . Imagine how many transactions are being made daily the energy consumption depends on the size of transactions. As we all know we may have too many resources but they have limitations.

Exactly my thoughts. Many people fail to observe the positive impact of bitcoin and simply tend to focus on all the negative effects of bitcoin and blindly spread FUD about it here and there which is truly stupid. Bitcoin has the potential to allow people to conduct financial transactions without any sort of government interference and is giving the power to the people which is just one of the positive points regarding this anonymous beauty. I do realize that bitcoin is affecting the environment around us in a big way, but this is a necessary evil and can be minimized to an extent.

I think even paper currency can have an impact on the environment. For example, cutting down trees and damaging the environment in large quantities, I think bitcoin miners can use more efficient machines and make full use of environmentally friendly and green renewable energy. This will not only promote economy but also reduce Damage to the environment.

The effects of mining bitcoin in the environment is minimal  compared to the effects created by real mining industry, the pollution created by many kind of vehicles, factories and the man himself. This pollutions affected much of our environment and living things are getting killed everyday. Bitcoin or crypto mining can instead use any renewable energy like solar power to reduce dependent or consumption of electricity.

In my opinion there are still many other industries that affect the environment rather than bitcoin, and most of them wasteful affecting the environment do not do anything useful ...

Electricity is the most clean in the ecological sense, the fuel at the moment. Even nuclear power stations have a very small impact on the environment. In the event of an accident at a nuclear power plant, the consequences can be tragic but this happens very rarely. The reason for these accidents is the human factor. Cars and other energy sources bring more harm to the environment. Prospects of use of alternative energy sources is also very high. Save the environment, we need other sectors of our life.

Really traveling with Bitcoin there it's very cool because despite the rest you can constantly earn and monitor your profit.

The exploitation of bitcoin consumes quite a lot of electricity, thus affecting the environment. There are now many projects using clean energy to exploit bitcoin, which is a good idea to save power and reduce the environmental impact of bitcoin mining.

YEs! And most of it is in the positive way. From security, Transaction and the buy and Sell. But, they do consume energy that came from the environment and its a lot to power up the internet, PCs and other gadgets that helps connect to the cryptocurrency. From electricity we use, the different sources we get power from and all that mining are some of the things that affects the environment.

I agree!
Electricity consumption and heat produced form these fast computers is nothing in comparison to emissions from transportation industry, petroleum, and even airconditioning systems that blows out harmful gases such as CFCs.
Add up open pit mining that destroy the whole ecosystem.
That one is news at the height of crappyness. sorry though

The Bitcoin Energy Consumption Index shows that global digital "mining" of bitcoin consumes more energy than 159 countries. Nearly 10 U.S. households can be powered for one day by the electricity consumed for a single bitcoin transaction, according to the group, according to Digiconomist.
In other words, it takes a whopping 29.05 TWh (terawatt hours, equal to one million megawatt hours) annually to operate the energy-hungry computers and networks that power bitcoin transactions. That's about 0.13 percent of total global electricity consumption.
But do its benefits outweigh this drawback?

Hi,

Of course it is. In orderto buy/trade/sell/or even just talk about bitcoin on this thread, you need a computer. Your computer is made out of rare materials, coming from several continents. It has been designed and, assembled in different countries. It was shipped from one continent to another. Maybe several times. Then it was transported to a store. You bought it there (and maybe to go to the store you used a car).

This, is just about the "thing" you can touch.

But on top of that, when you are connected, you use electricity. For your screen, for Internet, maybe for some light in order to take care of your eyes. And then when you post. Or when you make any transaction. You are actually sending information through a vast network. This uses a lot of energy.

Total: yes, bitcoin is affecting environnement. Such as any other computer§relying technology. ;)

As far as I know, environmentalists are worrying about bitcoin mining's risk - that it's seriously hurting efforts to combat climate change. Bitcoin is slowing the effort to achieve a rapid transition away from fossil fuels. This article says it all: https://grist.org/article/bitcoin-could-cost-us-our-clean-energy-future/

Definitely I agree with you. The sustainability concerns about bitcoin, voiced by economists and environmentalists, stem from the process of "mining" that is central to its existence.

The "miners" use computers to make complex calculations that verify transactions in bitcoins. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers. Some estimates say bitcoin's energy impact is more than that of a small country. So it really affects in our environment.

The cryptocurrency of pow mechanism has a large impact on the environment. The encryption currency of pow mechanism requires the support of graphics card calculation, which requires a lot of power consumption, so I do not approve of this kind of cryptographic currency.

Yes, bigtime, the cryptocurrency mining industries affect our environment due to the huge usage of the electricity, and electricity company use to much oil and coal to gives energy, imagine if you have a large number of computer units like Genesis Mining, it will use so much power and it will give a bad effect in our environment it can cost also global warming like other company that use so much energy.

OK, but do you see any harm from it? Of course, it eats much electricity and virtual resources, but the influence is not so great in reality. meanwhile, some bloggers have their own viewpoint: https://www.youtube.com/watch?v=mo-n2-E4X0M

It is not that much money and electricity consumer but the benefits are higher than the lose, for sure bitcoin has provided many advantages to the blog users they use to make their blogs and switch to the bitcoin so this way bitcoin is getting famous and popular, increasing power of the bitcoin is a sign for those to invest as high as they can, now bitcoin made everyone socially attached as they are sharing knowledge with each other, sharing of knowledge about bitcoin can increase the interest of those people who are not using bitcoin right now so I think it can be prove a good step for the price and highly profit of bitcoin. Every one can say different but I want to say bitcoin made the environment at my home really good as I can provide my family everything what they need and it is just because of bitcoin.

Btc's requirements doesn't really have a direct effect, if it has an effect at all. Electricity can be harnessed through renewable energy if that's what you're concerned about. And there are even alts and icos that focus on the environment as well.