Bitcoin Forum

On 13 May 2021, Tesla founder Elon Musk made waves when he announced his company would no longer accept bitcoin as car payments.

Bitcoin plunged as much as 17% on the news…

This was a stunning about-face for Musk.

Just two months earlier, he bragged Tesla would accept bitcoin as payment. And in February, Tesla invested $1.5 billion of its corporate treasury in bitcoin.

So why did Musk change his tune?

He cited environmental concerns over bitcoin mining. Here’s what he tweeted last Thursday…

Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.

Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.

Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.

If you’ve also come to believe that bitcoin mining ruins the environment, I can’t blame you. The mainstream press has spread this misleading narrative for months now.

They say bitcoin mining contributes to global warming… Or warn it’ll overwhelm the U.S. electrical grid… Or claim it uses more energy than Sweden.

Friends, let me warn you. As bitcoin adoptions soars, these angry voices that have gotten bitcoin wrong from day one will get louder and louder.

So let me set the record straight…

Bitcoin is More Eco-Friendly Than Gold and Banking

I had my team dig into bitcoin’s energy usage. And what they found might surprise you.

According to the Cambridge Center for Alternative Finance, bitcoin mining currently consumes around 110 terawatt-hours (TWh) per year… or about 0.55% of global electricity production.

It’s roughly equivalent to the annual energy use of a small country like Sweden. But these numbers are never put in context.

Let me explain…

Since bitcoin is a store of value and independent monetary network… you can compare its energy usage to that of the banking and gold mining industries.

Bitcoin mining uses 110 TWh of energy and produces 70 metric tons (Mt) of CO2 annually. (CO2, or carbon dioxide, is a greenhouse gas.)

By comparison, the banking system uses an estimated 700 TWh of energy and produces 400 metric tons (Mts) of CO2 every year. And the gold industry uses 265 TWh of energy and produces 145 Mts of CO2.

So banking and gold mining uses 536% and 141% more energy, respectively, than bitcoin mining… And they produce 471% and 107% more greenhouse gases, respectively.

But you don’t see the press criticizing banks for the number of buildings they own… or computers they run… or data centers they operate. And they’re not out there calling for lawmakers to close gold mines.

So if bitcoin mining is hurting the environment like critics claim… why aren’t we seeing the same anger directed at the traditional banking system?

It’s an important question you must ask yourself. Who benefits from dinging bitcoin’s price over the short term?

I’ll tell you who… The legion of bankers who are now plowing their clients’ capital into bitcoin.

This reminds me exactly of what I saw in September 2017 when JPMorgan Chase CEO Jamie Dimon called bitcoin “a fraud.”

At the time, bitcoin dropped 21%. I was left scratching my head wondering why on earth the world’s most powerful banker would bother criticizing what was then a relatively small asset?

I didn’t have to wait long for the answer.

According to the public trading logs of banker Nordnet, we discovered JPMorgan traders in London were busy buying bitcoin all the while Dimon was publicly trashing it.

I wouldn’t be shocked if we find out Wall Street firms (and maybe even Elon Musk himself) have been heavily buying through this trumped-up environmental story.

Here’s The Real Story on Bitcoin Energy Use

Here’s what’s really happening with bitcoin’s energy use…

Unlike Wall Street and gold miners, bitcoin miners are taking steps to actually reduce their reliance on fossil fuels.

According to a 2020 study from the Cambridge Center for Alternative Finance, about 76% of crypto miners use a mix of renewable and traditional energy sources to power their operations…

The same study also found that about 39% of crypto mining’s total energy consumption comes from renewable sources.

In addition to current “green” operations, several large miners are in the process of moving more of their mining to renewable sources.

For example…

Gryphon Digital Mining has raised $14 million to build a renewable U.S. mining operation.

DMG Blockchain and Argo Blockchain have partnered to develop the first-ever bitcoin mining pool run exclusively on renewable energy.

Genesis Mining has established an operation in Iceland that’s powered by geothermal energy.

Bitfarms has partnered with Canadian utility Hydro-Quebec to use hydropower for its mining operations.

And billionaire investor Peter Thiel contributed $50 million to launch a wind-powered bitcoin mining operation in Texas.

If these projects are any indication, bitcoin miners are taking environmental sustainability very seriously. 

The Mainstream Freaking Out = Time To Buy More

Friends, we’ve seen this movie before…

In September 2017, on the same day as Dimon’s comments and bitcoin’s 21% crash, the Chinese government said it would ban the crypto…

And in November 2017, bitcoin plunged 23% after the bitcoin hash rate dropped more than one-third in a 24-hour period.

Remember, this is just the trading madness that has always surrounded bitcoin. This asset will go up 30–40% on no news… and drop 30–40% on no news, too. You’ll also see people panic on price drops, just like they are now.

The good news is bitcoin miners are taking concrete steps to reduce their carbon footprint. Not because they love the environment… but because they’re finding renewable energy can be far cheaper than nonrenewables.

Friends, I would rather put my faith in well-aligned economic incentives like that than in the virtue signaling platitudes of Musk and the traditional banking system.

You must view volatility as the price of admission when it comes to making life-changing gains from crypto.

Treat this pullback for what it is…. An excellent buying opportunity. That’s because the long-term trend of mass adoption is still intact. So keep that in mind.

Financial powerhouses like Goldman Sachs, Morgan Stanley, and JPMorgan all have plans to offer their customers access to this asset class.

If they thought environmental concerns would derail bitcoin adoption… would they invest billions into building out these platforms for their customers? Clearly not.

As I’ve said before, watch what Wall Street does… Not what it says.

The media loves to focus on negative narratives about bitcoin. First it was “bitcoin is for criminals.” Now, it’s “bitcoin is bad for the environment.”

Each time, bitcoin has come back stronger than ever.

This too shall pass…

Let the Game Come to You!

For More Information visit:https://[Suspicious link removed]/3hySr15

He wanted to manipulate the market and nothing more.

Not last Thursday, it's been long, over a month or two ago.

Manipulating the market, bitcoin at the time uses 75% green energy.

Doge is his favorite, trying to make people buy doge because doge fall into that category of his choice.

I believe Bitcoin can not contribute 1% to global warming. Afforestation, industrial gasses, automobiles and many like that are contributing to global warming. 75% Bitcoin mining electricity usage is from Green energy.

You are right, they are critics. Also Elon Musk is only manipulating the market for doge and other favorite coins.

I don't think so, global warming has been a problem for a really long time, it's just that bitcoin was able to have a really cool feat of large consumption of electricity and FUD spreaders just find that it fits their agenda that bitcoin could be a good scapegoat.

Mining Bitcoin and other cryptocurrencies may take off unfavorable impacts on the environment, a few fear. Tesla CEO Elon Musk said, "We are concerned approximately quickly expanding utilize of fossil fills for Bitcoin mining and exchanges, particularly coal, which has the most noticeably awful emanations of any fuel."

Are you sure that at least anything will cause it? It may be just increased solar activity, btw. Anyway, btc mining consume too low amount of power for it

I agree with you that Global warming has been an issue since way back but we must understand that Bitcoin and even the Energy consumption is just a FUD to always bring the price down or to Hurt Bitcoin by people that don't want to see Bitcoin prosper because there have been reports showing that other sectors of the economy like Banking, even Christmas Lights consume more energy than Bitcoin mining so Bitcoin is not the problem of global warming.  

That's a perfect statement! If we compare the energy usage of only the gold businesses worldwide, bitcoin's energy usage will look minuscule. The banking sector is even bigger producer of carbon given it's size. So whoever thinks that bitcoin is bad just because it requires energy, that's utter stupidity! Just as Elon Musk did! His company could have made a very nice profit, but due to his stupidity, they are now facing loss on papers. But we need to learn to ignore such stupid people from our life for our own good!

Climate change has only been happening for about 4.5 billion years on earth.  50 years ago the concern was global cooling, 20 years ago global warming, now generic climate change in order to make any proposition that could be falsified. If you want control, you'd sow fear.

i have heard a lot about the use of fuel to mine BTC and its consequences on the environment a lot of places they don't support BTC mining, and mostly for BTC mining miners made the atmosphere where mining points should be bad.

No concrete data, AFAIK. 75% sounds quite unrealistic.

Bitcoin contributes to global warming, simple as that. Manufacturing ASIC requires huge amount of energy, from mining the silicon, producing the wafer, etc. The entire process consumes a significant amount of energy as well. Sure, okay you compare Bitcoin to banking systems, different payment systems. That is hardly a fair comparison, the userbase of those are far greater than Bitcoin's with the transactions arguably far more useful, for their volume and utility. Use of Bitcoin in the real world remains fairly scarce as of now, and that isn't looking to be changed anytime soon.

It's quite stupid to assert that Bitcoin doesn't contribute to global warming. Fact is, as much as you like to deny it, it does. Simple as that, your car, AC all contributes to global warming by producing demand for electricity and/or production of the said products. Do you think it'll be more reasonable to compare something that is far more useful to Bitcoin?

Obviously, when Bitcoin becomes more useful than it is now, people would stop saying that it is a waste of electricity. Just like how people don't refer to those industries which produces more pollutant than Bitcoin as frivolous and wasteful use of electricity. They're mostly attacked by hardcore environmentalist rather than the general public which are often far more rational.

No. Even gold mining is simply more dangerous than bitcoin mining. America brought this up to deal a blow to crypto. Unfortunately, Elon Musk was instrumental in this.

People who care about the power consummation of bitcoin and the global warning of earth should know that bitcoin is already consuming much power than the old and fiat currency while it will also provide a transparent network  while the old system won't. Also, the world is progressing everyday and miners should replace their old mining devices that are consuming fossil fuels and dirty power with solar power with way they can also save some money by using the green energy. I believe the energy consummation is already lower than fiat and will become even greener after some time.

Which also means no concrete evidence that Bitcoin miners are using mostly fossil fuels and other power generation means that can result to releasing of green house gases into the environment, what I knew recently is that China is already moving towards the use of wind, nuclear, solar and properly constructed hydrogen electric power plants. I am not certain about how the power generation is for now as China banned Bitcoin mining, but some studies reviewed in 2019 and earliest 2020 how miners are mostly making use of renewable energy for mining which I believe you are quite aware of that.

Who says Bitcoin does not contribute to global warming, human activities generally contribute to global warming, but people will only exaggerate this while there are many companies and other human activities that contributes to global warming, and deforestation also resulting to global warming. Did you know how many gases the automobiles, non Bitcoin mining industries and other companies are releasing to the atmosphere alone which are potent green house cases that can lead to global warming? If miners are able to mine and pay electricity bill, I think it is also important as a means to generate more energy while government should focus on ways to generate green energy, green energy can be used to mine Bitcoin.

Where have you heard that some farms have been using fuel to mine bitcoin? majority of them uses electricity to mine bitcoin.

But if there are some places, probably a few or should be a rare case that they use fuel to generate electricity. That place must have a cheap fuel then.

If that's the case that's not friendly for the sake of Elon, he should also address those that have been using renewable energy ever since.

I don't have a lot of knowledge when it comes to global warming and how does it work or how much heat is needed in order to make it even worse over time.

But seeing how things work, I already tried mining Ethreum in the past years and I know how GPU could heat up or some other mining hardware, that hardware could easily blow up some hot air.

Still, I don't think it is going to cause global warming even though it is already a problem in the past years, probably it might contribute because there are so many mining farms around the world but there are even more things that generate more greenhouse gases like for example burning fossil fuels which is probably the main cause of global warming.

Global warming wouldn't be an issue if Bitcoin mining used green energy when doing the operation. Equipments needs electricity to run the rigs, but if you're not using the main source of energy that will help eliminate global warming through green energy like solar panels. Most power generation usually used burning coals which is harmful to environment and eventually produced much more heat.

Then isn't it a bit strange to be giving a random figure without any concrete data? I think the Bitcoin mining council said they're using 56%, not a high number considering they're probably one of the few in the spotlight.

Climate change or environmental damage isn't only caused by the electrical usage of Bitcoin. Ewaste and the production of the ASICs contribute immensely as well. Actually, not all renewable generation are particularly carbon neutral at all. It's quite a common fallacy to assume that just because you're using renewable energy, you're being green.

That is rarely the case. Building the facilities and using it often comes in a fairly huge expense of the environment.

Unfortunately, most of the arguments appears to be centered on exactly that. I think I addressed the point about the lack of utility of Bitcoin and why it isn't a fair point to be comparing it to driving your cars. If you consider the issue of environmental degradation to be only about the direct electrical consumption, you're barking up the wrong tree. If the government really cared about the environment, we wouldn't be facing the whole issue of climate change today. Historically, government hasn't been as concerned with the environment as long as there is economic growth. Miners didn't care whether they're using 'green' energy or not as long as they're generating the most profits.

I heard this opinion in some news like this https://www.forbes.com/sites/jonathanponciano/2021/03/09/bill-gates-bitcoin-crypto-climate-change/ bill gates said bitcoin because its using electricity per transaction and its non stop everywhere in the world . honestly crypto miner are minority in this world. and.  what if become majority in this world is mining ? that would be possible what he siad.  I think that statement is true but there must be many ways to prevent global warming.

If we draw a Venn diagram of all the people who are willing to buy Tesla cars (that cause more global warming than anything else to be charged), and all the people who own bitcoin and all the people who are willing to spend a large amount of bitcoin we can see that the intersection of the 3 circles is a handful of people who may not even bother buying such an expensive car.
This has to tell us a lot about one of the main reasons why Tesla stopped accepting bitcoin payments!

Also when you look at Musk's tweets and how he was desperately investing in Doge coin and were trying to pump and dump it you get the other main reason why Tesla stopped accepting bitcoin payments!

Cause global warming? Of course, not. Global warming is already here. It was here way before Bitcoin came out. How could Bitcoin cause something which was already in existence before it was even conceived?

Global warming might be here to stay and Bitcoin is contributing to its continuous presence just like the rest of human activities. But Bitcoin is not a big player. Its mining activities are powered at least 56% by renewable sources, so there are a lot more damaging human activities than Bitcoin mining. One of which is the use of fiat and the existence of banks.

If you say bitcoin mining causes global warming, I don't agree, because what I know is that global warming has been happening for a long time even before bitcoin existed, why is it always bitcoin that is always the problem, while global warming is caused by gold mining, trains that cause air pollution , why is it never a problem, why is bitcoin always the target???

if you say bitcoin mining causes global warming, I personally think everyone in this forum will definitely not accept that accusation, because seeing global warming has been going on for a very long time, even before bitcoin appeared in this world, because the business in bitcoin is full of controversy, some enemies big under the covers,

So what you're basically saying is that the contributions of carbon of bitcoin is enough to upset the carbon emissions of the Industrial Revolution for over a 100 years? That's kind of crazy that bitcoin is being blamed because it's not even a direct contributor, it's just a consumer of electricity, what we need to target is the producers of electricity and how they generate those energy.

Actually doesn't really make sense. Tesla declared more than a billion dollars that they've invested in Bitcoin. Suddenly withdrawing support and pulling out from it was a dumb move. Prices tanked and so did their stocks, it was bound to make a few heads turn. Why didn't they do their own due diligence before investing in it? Was the entire point from the start to buy Bitcoins and lose money on it?

The market manipulation is quite obvious. Elon Musk was certainly not trying to profit from it though, it wouldn't have been worth his time.

everyone on this forum will not believe if you say bitcoin causes global warming,, bitcoin does not consume a lot of energy, the energy released by bitcoin is not too much, it can be said that other mining will cause global warming .. but we can't understand Why is bitcoin always the scapegoat?

The topic of bitcoin consumption when mining a large amount of electricity, and then the fact that carbohydrate sources are used for this, was not raised by chance. In general, it is far-fetched, but it will already be used by governments to negatively affect the spread of decentralized cryptocurrency. Therefore, it will be better for miners to switch to alternative sources of energy consumption and at the same time demonstratively show this to the whole world. Because this topic will already be constantly on the floor to discredit the idea of ​​cryptocurrency.

I often read about Bitcoin mining on the effects of globalization that are caused, briefly when viewed from the research of several universities, mining activities do require a lot of electrical energy, Bitcoin is a currency that is signaled by using heavy-duty hardware.

For this reason, with a fairly high energy distribution, researchers say that every year crypto/Bitcoin miners will push the temperature by 2 degrees each year with more miners in various countries, from other studies say the CO2 emissions produced are very large, almost 69 million metrics every year, overall when viewed from research conducted by various universities, Bitcoin miners could be referring to global warming.

In my opinion, if can mine Bitcoin all over the world, should place it in one country by facilitating special/largest electrical energy for them, for example it should be moved to the Antarctic continent or Russia.

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other studies say, if you compare Bitcoin miners can cause global warming, you have to compare vehicles/cars etc, that pollutes air pollution to the smoke that is released, why are they not discussed, oh because they pay taxes, Bitcoin does not.
Not to mention the industry of course the emissions released by vehicles and industry are worse than global warming you see.

I don't know if it's relevant information but I've heard Dan Pena talking about Global Warming being fake, I don't know much.
But what he said is that, he had a talk with the scientists doing research on the Global warning by testing the ice and based on that coming to conclusion what will happen if people continued using fuels, industrial products - Then nothing will happen in at @least 40-50 years not even a single 1% change will happen with regards to global warming.

I tried searching for the video but apparently, Youtube took it down for some reason.

Now coming to the topic- I don't think it will cause a Global warning, There already are huge sharks compared to Bitcoin that consume a lot of energy, and bitcoin mining will not affect that much.

I guess what OP is trying to say is that it contributes to global warming,,, which of course at some point it does, but then the problem here is people are attacking Bitcoin as a single entity, saying it is like the size of a small country when it comes to electrical consumption.

But people want to ignore that it is providing security for a trustless and decentralized form of money, that is the bigger issue they need to be convinced of.

Global warming is true as there are a lot of evidence such as climate change and many more if you watch on documentary channel such as Discovery Channel and Nat Geo. But yeah, Bitcoin mining industry only contribute a small percentage for the consumption of energy on earth. Elon Musk is just hyping it to use it on his FUD campaign against Bitcoin by that time, His Tesla cars don't gasoline/diesel but rather electricity which same on what is the source for the power of Bitcoin Mining.  ::)

It's all FUDS to manipulate the market. Global warming is caused by many factors:mining industry, automobile, forest fire, disaster...All of which makes the earth warming. bitcoin's energy usage will minuscule compared to other industries. It's really not worth worrying about.

Surprising that this thread managed to pile up so many replies. I have a few simple questions, which I know very few would be ready to answer. First of all, have anyone ever heard about any of the Bitcoin mining farms setting up a power-plant all by themselves? As far as I know, almost all of the mining farms get their electricity from the national electricity grid. So if the electricity they are receiving is produced by burning fossil fuels, who should be blamed? IMO, the government should be blamed as they are the ones who produce electricity.

Blaming the miners for greenhouse gas emissions is like blaming someone in Germany or France for the deforestation that is happening in Brazil. If the miners specifically seek electricity from thermal power-plants, then yes, they should be blamed. But that is not the case here.

Even when we talk about Bitcoins electricity consumption, Even in China, I believed that Bitcoin miners most have been using some other form of clean energy too other than just coal-generated energy. Why would  Hydropower plants go on sale in China amid mining crackdown and bitcoin slump (https://www.scmp.com/tech/policy/article/3139053/hydropower-plants-go-sale-china-amid-mining-crackdown-and-bitcoin-slump) This just prove that, all those talk about bitcoin consuming too much energy generated from coal is just nonsense, no one ever talked about this part until now that the Hydro plants are closing off too after the crackdown.
Everything is part of Global warming and not just bitcoin.

Let me ask you this question, I am using my computer and my phone, will it cause global warming? The answer is probably a bit of a yes because yes you are contributing to the global warming but indirectly, it's the same for bitcoin, the mines don't have to burn coals just to mine, they need the electricity which is produced by electric companies that is the main reason for global warming with their method of producing electricity.

In my opinion all of this is just a big market manipulation, the idea behiend the co2 emmisions that the bitcoin or any cryptomining is causing is practicaly insignificant to what the real cause of the problem is, i can think of a million other products that are casuing more harm to the enviorment than mining bitcoin, and besieds the big scale copartions that are mining crypto do it on a large scale where they use either solar wind or geothermal energy so that can make more profit in the long term.

Some Bitcoin mining is done using environmentally bad electricity sources, that's true. But Tesla cars can also have serious carbon footprint if they're charged with electricity that comes from coal. So the solution is clearly to tackle coal mining and introduce cleaner energy sources, not to blame those who use energy.
The global warming is already here, with or without Bitcoin. It's a complex problem that cannot be solved by a simple solution like not mining cryptos. There's the meat industry, transportation, energy sources, trash recycling, production of packaging and clothes...
That being said, I think it's unfair to compare Bitcoin with the world banking system when it comes to environmental impact because the banking system also serves way more people than Bitcoin does, so this should also be accounted for in calculations somehow.

I have the same feeling about this announcement of Tesla, I think they were great at manipulating things,

Imagine, after they bought a significant amount of BTC, which contribute a great Bitcoin value and price,

they suddenly release this kind of news, which direct hit BTC value.  

Bitcoin causing global warming is an old and dumbest fud I've ever heard of...

The causes of global warming are factories, vehicle emissions and also the greenhouse effect. I heard that currently there are many Bitcoin miners who use environmentally friendly green energy so that this fud can be ignored.

No, those industries that has a waste product of carbon will most likely to become the number 1 reason for global warming. In my opinion those power plant that uses coal will produce more carbon dioxide in the atmosphere unless they adapted new ways to prevent their waste product to reach the atmosphere.

Bitcoin mining could be a different story and for me does not contribute that much in the atmosphere pollution. Bitcoin mining can  be operated in low enegy consumption   by using other means to save electricity like capacitor bank. The engineering works will matter and can minimized all the possible waste products that could destroy the atmosphere.

If you mean miners using a power plant dedicated to powering only the miners, yes there are a few farms doing that.

Specifically, they usually are located in oil production fields where there is an excess production of natural gas that cannot be economically cleaned up and transported away from the site. In those cases the gas is flared (burned off) BUT flaring is penalized with hefty fines. Thing is, if the gas can be used to power something - in this case generators feeding miners - then there is no flaring fines. Just look up 'flare gas mining'.

Gotta love it when folks with obviously no electrical engineering background say things like that... A capacitor does not 'save energy'. It stores and releases energy and that means that energy must be put into them from some outside source. More to the point, any energy storage device be it an inductor, capacitor, battery, or pumped storage (of water or air) is not 100% efficient. There is always a loss between energy in vs energy withdrawn.

Some researchers do say that Bitcoin mining has a big impact on the environment because of the huge use of electrical energy that will increase emissions. Cryptocurrency mining could push global temperatures above the 2 degree Celsius threshold by 2033. This will lead to climate change and several other natural disasters.

any further development of cryptocurrencies should critically aim to reduce electricity demand, if the potentially devastating consequences of 2°C global warmings are avoided. It will be better if Bitcoin development is done ecologically in the future to keep our climate safe as well.

Indeed,,, global warming is an issue and it is getting more and more serious as we move on with our lives. Yesterday, the antarctic recorded an all time high record of 18+ degrees Celcius. Can you imagine the coldest place on earth feeling like morning time in the tropics?

I think this argument is not about Bitcoin being bad or good at all,,, and yes, we should do something about coal powered mines but we all know that power is being needlessly used in a whole lot more things than mining crypto. And again, if we prove Bitcoin is a necessity for finance, we will get somewhere.

What a powerful text wall, it seems to be a headache. My point is very clear. It will not cause the side ball to warm, and it feels more like an excuse to shut down the mine due to power consumption. Just like the recent closure of many mines in China, the reason is that it affects carbon neutrality. I feel a bit reluctant. If only considering power consumption, a lot of electricity is wasted on long-distance power transmission, as high as 40%. If used on-site, it can also avoid waste such as hydropower and wind power, and with graphite With the continuous development of olefin technology, many problems will be overcome. Why should all the problems be attributed to Bitcoin?

Honestly the point is moot. The problem is the source of energy not the usage of the energy. Stop using fossil fuels and it wouldn't matter one bit. If anyone tries to push that fud just ask where their house gets electricity from, and show them cryptos that use POS and that should shut them up

Exactly, they try to blame the consumer so the eyes will be on the wrong direction and they know this because the moment that people starts to take notice, they will be suffering big losses because they can get obsolete really fast because there are billions of alternative energy source out there that uses less carbon or even carbon free, non invasive and much cheaper and the fossil fuel companies don't want that because they will suffer a lot from obsoletion.

The main cause of global warming is the biggest not because the currency due to the mining, the main reason is that population increase and the burning of fossil fuels, and dig just consumes a tiny fraction of our energy, and most are in the mine electricity extremely cheap areas, these areas power resources are very abundant, if it were not for the mine to use electricity, These resources are probably going to be wasted, and most of them use hydroelectric power, so to ban bitcoin mining because of global warming I think is extremely unreasonable.

Another reason why they want to divert the attention is so that they won't lose their profits because if they were to be blamed, it's only a matter of time before the people notices that they are the source of pollution and they will eventually be forced to go for the alternative that will cut down their profits really big.

However, after China's withdrawal from mining, other campaigns continue to increase mining capacity, for example, Gryphon Digital Mining announced the purchase of 7,200 S19J Pro Miners https://www.prnewswire.com/news-releases/gryphon-digital-mining-announces-major-purchase-of-7-200-s19j-pro-antminers-301327511.html, and a Ukrainian businessman also announces the opening of a data center in Kazakhstan for 20,000 mining devices worth $200 million. https://www.linkedin.com/posts/white-rock-management_ukrainian-investor-and-entrepreneur-cepгeй-activity-6818880683910471680-6tll/
The crypto world, like everything in the universe, does not tolerate emptiness. :)

Whatever they find that will fit their theories regarding some negative effects of bitcoins, they won't hesitate to publish it with some manipulating introductions. these guys are pro and they managed to gather some supporters to agree to their strange views. How in the world does bitcoin mining will cause global warming when the miners are not even enough to cause electricity outage in China when they have freely mined bitcoins there. The only people who truly believe in these guys are those also deluded that they wanted to push their claim up to another level even though it doesn't make any sense at all.

It is the heavy industry and high-pollution industries that really make the world warmer. Bitcoin is only a small part. This is just an excuse used by some countries to ban Bitcoin.

According to Hassylai’s calculations and measurements, Bitcoin does not consume a lot of energy. Bitcoin’s carbon footprint is completely equivalent to the electricity consumption that miners are trying to solve. In fact, part of the reason is that some countries do not allow black mines to steal electricity. With the passage of time, the electricity consumed by mining is also increasing. Therefore, it is necessary to cooperate with the government, which will also bring the government a corresponding economy. Therefore, from an economic point of view, the advantages outweigh the disadvantages.
The bitcoins produced by mining only need to be transported to all parts of the world through the network, which is actually environmentally friendly. So from the perspective of energy, the use of electricity by mining is not wasteful.

It is overwhelming to find a good article that talks about bitcoin and the environmental impact. The FUD and Elon Musk media outlets were notable, but luckily we have other good sources to understand what is really going on.

Bitcoin mining was connected with global warming to create hype. All the tweets that were made in this regard were to make people mine more. Bitcoin majorly uses green energy in the mining process and so it does not add to global warming any more than other industries.

While you are correct with the fact that Bitcoin mining uses quite a big % of renewable energy (which in most cases also makes the mining more profitable), I think that you've got it wrong with the idea of hype. I feel that it's the opposite and those tweets were made to grow the hatred against Bitcoin and its mining.

As things stand, less than 0.05% of the global fossil fuel usage is accounted by Bitcoin mining. An astounding 50% is used for transportation, while other sectors such as industries, chemicals.etc account for significant percentages. Now I don't understand the obsession with the power usage by Bitcoin sector. It is not even 1/1000th of the total usage. And Bitcoin mining is not an industry that is solely dependent on fossil fuels. The miners don't really care if the electricity comes from a renewable source. But in countries such as China, that option may not be available.

whether bitcoin mining will cause global warming, my answer is definitely no, because clearly bitcoin mining does not consume a lot of energy, because there are many other companies that make global warming, and make the environment worse, global warming has occurred long before bitcoin existed,, if some say bitcoin is the cause of global warming, I'm sure there must be people who hate bitcoin, and scapegoat bitcoin in this problem, because they want to throw the blame on bitcoin..

Now that global warming has occurred, governments of all countries are managing the environment to reduce carbon emissions. Many countries ban Bitcoin mining, because Bitcoin mining consumes too much energy, so there are many negative news, but now there are many green energy mining, which is very environmentally friendly. I think everyone should pay attention to environmental issues. After all, this is where we live. We should not waste energy,

I totally agree with your opinion, we shouldn't waste energy, we also have to always keep our environment clean, because if our environment isn't clean, it's certain that disaster will come easily at any time, but I think bitcoin mining doesn't exist now. again wasting energy in vain, and global warming did not occur, because bitcoin mining has done a green trend..