Bitcoin Forum

I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?

I agree with you that investors on miners should invest on renewable energy but their power consumption not even a fraction of the industrial and manufacturing company.

There are already miners shift to renewable practice to save money.  Renewable energy may expensive to start but it is more cheaper in the long run.

I think if bitcoin mining uses a lot of vga and many other devices so that the required electricity is quite wasteful.

First of all, "too much electricity" for who? What makes it too much?

But, perhaps more importantly, miners will Always move towards efficiency. They have the strongest incentive of any industry to minimize energy consumption. They generally speaking run the most efficient hardware in the world for what they are doing.

What makes you say that the energy consumed is too much?

Soon one of the best electricity source (fossil fuel) will be gone, and we will have to rely on other means of electricity source. People who mine should really be able to find a sustainable source to lessen the damage.

uhm, fossil fuel energy isn't going anywhere anytime soon...

It is not consuming too much Electricity because bitcoin is not an appliances it is just a process of acticity through system in network or it is just a navigation process of your opinions. When you applied, you are ascertaining positions but it is a step by step process. So no reason at all that it consumes too much elctriciy because we use electricty daily and it is common used by all.

Right, dig the currency consumes too much energy, this is also one of the reasons many people boycott of COINS, they don't think the currency use, also a waste of energy, so as to promote people to resist the currency

May as well stop flying/tourism around the world too.   

Yes, I agree the Bitcoin is indeed too wasteful and many use electrical power. And in my opinion, because of all that pertain to electronic tools should be using Bitcoin.

Yes, Bitcoin mining takes too much of electricity. Bitcoin Miners will use the other renewable resource like the solar panel to mine the bitcoin.

I agree that miners should start using renewable energy source but there are also disadvantage of using it which I think why cryptocurrency miners don't want to use renewable energy, like it is hard to generate amount of electricity compared on how much can fossil fuel generate and cryptocurrency mining consumes huge amount of electricity which I don't know if it is enough for miners to make mining effective. And also renewable energy rely on weather so if you are using solar power and it is rainy season your supply of electricity will not be enough. But it is still a good idea to have an alternative source of electricity.

That true, miners should do start invest on renewable energy to run their mining. because as we now mining bitcoin use a lot of VGA and that VGA consume a lot of electricity energy. and that's mean electricity company would use more fossil fuels to produce electricity. in my opinion large crypto minner should have own electric source independently that separate form civilan electrity. and that independent electric source should be renewable energy.

This will not only reduce the impact of Bitcoin on the environment. This will also increase the income at the Mining.

Digging up bitcoin will consume a lot of power, and people think it's useless, it's a waste of resources, so many people resist it.

How would spending more money on energy increase income?

Talking about the fact that Mining Bitcoin consumes too much energy, this problem is far-fetched. Miners pay for consumed energy, but it is enough to provide all the inhabitants of the planet. The energy of the sun and the wind is enough for everyone. If some countries, such as Canada and Belarus, invite bitcoin miners to their country, then such a problem does not exist.

Some say that mining should be banned because of carbon dioxide emissions.
So I agree with topic starter: miners should invest on renewables, and also buy energy efficient asics (Bitmain for example)

Why so you think miners are mining with anything but the most efficient stuff they can put their hands on?


VGA? Seriously, before commenting on a topic, make sure you at least have a basic understanding of the matter!

This is a great idea! But is it in the spirit of Bitcoin? Bitcoin is something that creates and supports and celebrates a free market. That means that people are free to do what they will with what they have, with the underlying assumption that they aren't causing severe harm to others.

Miners should absolutely consider renewable energy, particularly where it will save them money on the cost of electricity. If we want miners to ONLY use renewable energy, we need to make renewable energy cheaper than all other forms of energy.

Well, even if you're to use some renewable energy source, you deal with heat pollution. That's something that's not as environmentally friendly especially when taking into account global warming. People have found some cool ways to get by this, so if you can combine that with power like wind energy, etc., you can get pretty meaningful results. I think people in Russia have actually done this too, so you can look into that if you're trying to do research into it.

Why should miners do this?
That we are bald or what?
I do not understand, Let the investors who hold the bitcoins, translate and trade it, do it!
Since the miners are working for them! :D :D :D

In what world do you reckon renewable sources of energy are affordable for mining?

Yeah miners have to use renewable energy because the current electricity price will increase heavily if more miners come.So it is better to start using the free energy available for us.But it needs huge capital initially for the setup but its worth to invest.
I think solar energy is the best of all other energy the availability is more than other sources but it can't be done in some countries because there is not enough sun rays falling on their country.

Would certainly agree that bitcoin is consuming too much of electricity especially for those individuals who are into bitcoin mining operation since there are lots of ancillary equipments such as the graphical processing unit (GPU) and bitcoin miner hardware is needed to do mining activity. The more equipment,
the more electricity will be consumed. It would have no problem to those advance countries that are already adopting into the renewable source of energy.

Of course it's yes, bitcoin miners are the ones who had been using too much of the electricity due to many computer gadgets, miner hardware and other stuffs which will result into much efficient outcome during mining operation. I would say, solar panels could be of big help for the bitcoin miners to at least minimize their electrical bill consumption and probably this may be applicable to countries where there is sufficient source of sunlight.

That is why a lot of people doesn't want to enter into a mining firm especially if you are in a country where electricity cost is high enough, here in our country we do have miners they were saying that it was a profitable and they were really become  rich and have change their life, it is important to have this but make sure you do have enough capital to enter mining.

Use logic.
If miners use the renewable sources of energy the other will have to use conventional sources (gas/coal/nuclear).
It all end up with the amount mining needs, and that is dictated by the price.
If the reward will be 1 million per block, miners will spend daily 100 millions on energy just to get the 144m in daily rewards.



There is no such thing as free energy.
Hidro/solar/wind all need huge investments and need maintenance and repairs.
There is nothing free in this world.

I think that's a good idea to have a solar panel and wind turbines along in every place that uses bitcoin because of arising of users in bitcoin the more the electricity consumed by us and also the radiation that comes in every home is kinda dangerous for everyone the more mobile phones and gadgets used in a house the more the radiation can enter.

Renewable energy equipment still expensive comparing to conventional energy. Maybe nuclear energy plant is perfect to produce cheap electricity for mining.

Yes it is also true to complement each other, so between resource usage and balanced supply. This needs to be realized if you want to maintain the reputation of bitcoin.

So what is it suppose to consume? Why are you policing other people's electric consumption. Is it illegal to participate in capitalism?

Fiat around the glove is taking too much electricity, causes deforestation. What's new?
I actually feel al the talk about eth POS is coming from these bs statements as well.

yes. that is true because high electricity charges miners should need make use of renewable energy like solar panels, batteries etc. which will help in to save the the normal electricity cost and thus can make more profit after mining any crypto currency bitcoin or any other crypto coins, now a days electricity charges unit charges also increasing.

Bitcoin consuming too much Electricity. really?
how about call of duty and the countless people playing countless hours?

When you are mining bitcoin it really consumes too much electricity but if you're not,  bitcoin doesn't require too much electricity to consume.

But the good thing is, because the amount of electricity bill is calculated then the miner will go to losers. In that case, there is a lot of beautiful and authentic offer. So if someone actually does this then it will be a lot better.

it uses  electricity but it also gains something in return, unlike watching TV.

Good point. There's so much electricity being wasted around the world and people are complaining about bitcoin mining.
Your gaming PC with dual GPUs uses almost as much as a decent miner. Is gaming a productive activity? I'd argue that it's much less productive than supporting a crypto network.

What about things left in standby mode? They are the biggest unproductive energy consumers in the world. Nobody cares about that, but suddenly mining is such a big deal.

Indeed! Though BTC uses more electricity, atleast you gain profit from it. Its like your investing a business and electricity is one of your kind of capital . Anyways businesses do electricity so I think theres no difference yet BTC is more advantage.

Your right. Anyways everything we have at home consumes electricity. Like our appliances, light etc. In BTC we consume electricity while we do this kind of business since we do monitor unto stock market and internet technology. But then imagine with BTC you earn, and gain from it so nothing to lose.

Bitcoin does not consume too much energy.

It consumes enough energy. Bitcoin must always consume as much energy as possible. even though technology makes energy cheaper and computation more efficient, blocks must always be as difficult as possible to generate.

If difficulty becomes low it becomes too easy to attack the network with fraudulent blocks.

its possible that only one proof of work consensus algorithm in the world should be operational.

I don't see anything wrong with consuming power to mine Bitcoin as long as you're paying for it. If there's a certain wattage available for sale it shouldn't concern the seller what the buyer does with it. What if he decided to simulate lightnings. There was a Soviet project that focused on creating lightning storms. They were using amplified power to shoot lightnings into the clouds to make rain and do various experiments. Was that a waste? Pretty much, because the research was abandoned and the whole facility is in ruin (you can google the pictures).

yes you are right, electricity is indeed the number 1 constraint for miner bitcoin
china even now prohibits bitcoin mining because it is considered as a waste of electricity, that's what I read in the news of the end of this

Yeah I agree with you.
That's the main downside about bitcoin. It consumes alot of energy I would loved more bitcoin if it had the technology Proof of Stake.
With Proof of Stake,miners are not needed.Some altcoins has that feature (like Raiblocks) and I really like it though.
Hopefully the renewable energy will actually help Bitcoin ( yes,goveneements may take actions against it just because it consumes alot of energy)

Mining really take up a great amount of electricity. So engaging into mining may require some graphics card for you to have an effective yet effecient mining. I am also planning to start mining becauseI already have someof the requirements.

yes it is true bitcoin mining does require electricity with very large power
because in demand to always make active devices that are used as a tool miner bitcoin
and it becomes a problem, it seems the miners must have an alternative energy so as not to disrupt and bad for the environment

40% of world Electricity is made with burning Coal. In China lol what 80%? Single bitcoin transaction is consuming Electricity worth 200$(random number I personally guess). Bitcoin Core network can handle 7-14 transactions /second.  VISA is making 2000-4000 transactions / second. None knows whats VISA transaction cost / electricity / waste of resources. But what we all know is that Money will pay for it. As long as Money comes to pay salaries networks work..... Who cares that some military/space expenses are waste when someone is paying for it.

Bitcoin is most polluting waste of energy there is but Money will pay for it.

Money = ledger some government(US) is willing to back up

You _actually_ think Bitcoin is the most polluting thing in the world? You think it's the biggest energy waster?

We are touching levels of pathetic here.

I think the issue is that moving along the block chain and creating new coins does not have to be as energy intensive as it has become.  Bitcoin was designed to be mined by CPUs, and I don’t think the creators ever envisioned this arms race to hashing power to not only cause it to become so centralized, but to take away the “voting power” of the common user.  

It don’t know how to fix it, but the current state is analogous to asking people if they’d prefer their car gets 40 miles to the gallon, or 40 gallons to the mile.  Bitcoin is way over using the energy needed to accomplish its goal.

Of course! Ever heard of the surplus energy every nuclear power plant produces? Every single huge energy supplier has this excess energy and has to do something with it. It's not like you can just shove a megawatt here and there and heat up someone's yard. They have enough of it that they could insert a heating cable under every road and melt the snow instead of trying to push it, sand it or salt it.

Blow it out the top - France chose to build expensive additions to a subset of their nuclear plants which allow them to divert steam to cooling towers without going through turbines. Basically, they turn the heat generated by the nuclear plant into hot air with no economic benefit.
Shove it uphill - California chose to build a lot of pumped hydro to give its nuclear fleet something to do at night and in other lulls. This was an expensive infrastructure project which allowed them to overbuild nuclear, spend money to push water uphill, then spend money to let it out when needed.
Pay someone else to take it - Ontario chose to build grid connections to New York state among other jurisdictions. When Ontario has too much nuclear on the grid, they try to sell it to the USA. When New York has too much cheap fossil electricity of their own, they demand that Ontario pay them to accept Ontario's excess energy.

https://www.quora.com/Where-does-surplus-electricity-go-Is-the-difference-made-up-entirely-by-adding-easily-regulated-energy-sources-like-hydropower-and-natural-gas-plants-on-top-of-nuclear-or-are-there-other-mechanisms-in-use

Yes, the people who mining bitcoin should search the other option for energy. Their should think about the effect used a lot of energy to this earth. It's so dangerous for me. If you can minimize the energy, it's the best way I think. Don't make anybody's get dangerous just from your activity.

Of course bitcoin is using a lot of energy. But the normale FIAT Money system uses a lot more energy. Just calculate all banks and all the server of the banks how much energy they using for a currencies who dont is even one cent worth. SO instead of bashing bitcoin and cryptocurrencies for the energy they used, they should change to the real money system from fiat money to cryptocurrencies so we can shut down all the banks and the energy they use.

Does anyone know where the energy comes from for giant mining farms in places such as China and Mongolia? China is planning on opening mining farms in Canada now - at least Canada as cleaner energy (water).  I heard something about btc and energy on NPR radio show science friday recently, and their expert said a bitcoin transaction takes 5000 times more energy to process than one visa transaction. :(
It definitely  seems to be a problem. I hope people can adopt sustainable methods to mine- seems difficult :/

I happen to know a person that is mining Bitcoins and uses solar panels for electricity, he hoped to cut the expenses on electricity, but our stupid country demands taxes that are pretty high and it comes to a same price plus you pay pretty big for the panels. But he is happy to help save the enviroment as much as he can and he keeps buying solar panels even though it is not worth it. More and more people mine with electricity from solar panels because it is cheaper and it will help a lot.

yes bitcoin need to environmental friendly it is harming natural resources if we have healthy eco system it is good for industry all together

I agree with you. But there is another way out of this situation. Start to mine other more interesting and promising crypto-currencies. Switch your steady attention. Give bitcoin time to restore and update its technological features.

This is something I don't agree very much. Of course someone can be able to produce BTC or other crypto with green energy but the main problem is just that it is a way too energy guzzling, no matter it is a green energy. This will limit the future possibilities and the future of cryptos will be the one that is really green in the sense of "few eneergy guzzling".

I'm still looking for the crypto that will fill those criterias and this will be the future currency, trust me !

The idea of ​​using renewable energy to exploit bitcoin is great, I've also heard about this issue quite a lot. But the use of renewable energy means you have to invest a huge amount of money so few miners will accept it. In order to be able to use more renewable energy for bitcoin mining, I think bringing together many miners together and investing in renewable energy will then exploit bitcoin with the same power. create. This is a way to reduce the initial cost of installing equipment that creates renewable electricity.

In fact, i am looking to expand all my rig to more than 50 Cards, but i do not know what to do.. if i do not buy a solar panel, i am going to be paying more than $3,500 worth of Electricity bills per month, and this is true, lmao.

That seems to be the solution but know that investing into solar energy doesn't come cheap at all, Though the benefits and advantages would be seen over a long period of time, investing tens of thousands of US Dollars if you want to totally go off grid isn't an easy thing to do.

You make a good point here. Electricity is the main concern of bitcoin's future (or one of majors concerns), and I think gouvernments will regulate bitcoin this year, because it consumes so much, it's really bad and miners needs to change the think to save planet or incomming regulation.

Unfortunaly, I think alternate electricity (like solar panels, wind turbines) cost a lot, and miners can't afford them, or they will be losing. Bitcoin needs an upgrade or people will adopt other cryptocurrency...

Not cost effective and it honestly won't do anything in the long run because a majority of miners will merely be gimping themselves trying to invest in these alternative forms of energy since the Chinese will do whatever they damn well please considering the incredibly cheap value of electricity in their region. Trying to lessen the impact of Bitcoin on the environment is also a non-issue compared to the various other environmental impactors that we see around the world; it's not like "fixing" Bitcoin dwarfs these other things.

So the mini is very energy-efficient. But there is no special output. It is necessary to produce bitcoin and other currencies. In order to save energy, it is more necessary to build new environmentally friendly power plants. Solar panels or hydropower plants.

There is already several alternatives with less energy footprint like proof of stack, master nodes securing the network, different mining algos with less energy consumption... more energy from different sources is continuing the same problem, if you see it as a problem.

I agree with you but miners are earning too much incentive too because they are the miners, now if they invested also to the solar energy do you think an ordinary miner can invest in solar? It is not cheap at all only those people who have enough money to invest in solar.

I agree, because proof of work (POW) algorithm that Bitcoin uses a lot of electricity. Proof of stake algorithms use much less electricity and consume less energy, and anyone can participate in block generation with normal computer (no need for rigs and ASIC).

Bitcoin does not waste electricity because you can rent your computer and pay money everyday. but for others it is their statement, It's true that Bitcoin mining is an awful energy drain. Hundreds of thousands of application-specific integrated circuits or ASICs — specific hardware aimed exclusively for mining cryptocurrencies — hum in huge halls, mainly located in China, and use enormous amounts of electricity to create new bitcoins.

It is true that mining bitcoin globally uses a vast amount of electricity. Renewable energy is a good idea for miners as long as they can generate enough energy to run or subsidise their farms. Countries with an abundance of renewable energy should really consider mining.

A mining operation powered by renewable energy is a great idea. But the cost of putting it together may be prohibitive at this time. Just live in a country where electricity is powered by the sun and wind.

   In terms of mining bitcoin are really consuming too much electricity that why when they use a renewable energy they can minimize electricity and that is a good idea but you need to have a big amount to invest and we dont know if miners will accept it.

Are you talking about miners? Yes they do take so much electrical power that sometimes makes their work less profitable. But they can adopt to renewable energy. If they can afford to buy high PCs, they shoul add solar panel as part of the investment. It may be not profitable on the first few months as they start, but in a long run, it is very helpful.

Are you saying they leave their home just to do mining in other places or country? Does anyone really do that? For me, mining is not for everbody. If you happen to live in a place where electrical consumption is cheap, lucky for you, go mine but if not, why would you force yourself leaving just for that? There are many alternative ways but if things really doesn't work, you can do something else.

I think Bitcoin does not consuming too much electricity and It didn't even comes to my mind.
You really need to use electricity in our daily lives and it's basic for you to maximize earnings thru Bitcoin, you really need resources as help for you to achieve desired income.
You need to invest into something for you to execute your goals.
Also, if electricty bill hurts your pocket so much, you just try to save electricity in some other uses like, lessen the use or aircon, turn-off some devices or light etc.
Just be creative to save and lessen the expenses so that your earnings will increase.

yes of course I agree with you the miners should also start thinking of non-renewable resources, for the choice of solar power is a good choice, so the resources do not run out quickly by the miners

for the sustainability of future generations, I support if investors are also investing in our natural resources, because resources are running low when using other alternatives such as solar power is very good for miners so as not to over-exploit non-renewable resources

I think all gadgets or appliances use electricity for power and as usual bitcoin also use electricity because it is digital that's why it do not consume energy so much

This would be a great idea due to mining consuming a low of electricity. Having solar panels would decrease their consumption and would increase their profitability as well.

if the miners use a very large electric power this should also be considered by investors to also invest electric power, but the source of electricity is not only spent by miners bitcoin, everyone in the world using this power source

if the investor should also invest on the power source because bitcoin miners use big enough electricity I agree with you, and for solar power a good idea, because both the miners and investors will also benefit and also for the growth of bitcoin

Maybe so much power is getting bitcoin because it has a lot of users in different countries. The reason bitcoin uses a lot of energy is rooted in the way the bitcoin network operates. A digital currency, bitcoin is not controlled by any central bank or commercial clearinghouse but by a network of users who expend large amounts of computing power, and thus energy, building a so-called “blockchain” of bitcoin payments transactions.

That'll be a good idea for using green or any sort of renewable energy as we know how energy consuming bitcoin mining is. If we can just use other source of green energy, then that will be a very good move for both miners around the world.

yes a good idea, it's also for the development of bitcoin to always survive because if the power source is thinning of course will result in high operational costs incurred by the miners

It is so idealistic to think of having renewable energy source so that mining bitcoins won't take so much of the electricity. But the real thing around here is this. Is the renewable energy is enough to support the whole system of mining? If yes, then we can go using those. But if not, clearly, we are stuck using electricity or still we end up losing. Time is money in trading.

Bitcoin’s “mining” network uses more electricity in a year than the whole of Ireland, according to statistics released as the currency broke $9,000 for the first time.

Yes I strongly agree with this opinion, the miner bitcoin can spend electricity by using VGA which continually operate, even very influential on global warming, therefore must be created the latest hardware in minning device that low electricity consumption.

If you take a way to be
 miner that was a risk you have to take, but if you get much from that i think thats okey to pay electricity bill

The country where I'm from charges more on electricity and looking at the mining rates w.r.t to the current difficulties, I would just neglect this option and look for other better ways of tripling my coins.

yes it is the main problem of bitcoin miners
they are required to always activate their device for 24 hours without stopping in a week
and that of course requires a lot of electric power, the miners must have an alternative energy so as not to disturb the other about electricity

This will be a trend. Although the bitcoin mining is mainly dominated by some remote areas of idle power, but consumes a lot of power has been criticized. Renewable energy will be considered in the future large mines, which is also good for our living environment.

 i guess bitcoin is not the only guilty party here because there are a lot of big altcoin mining farms also and these ones are also consuming huge power supply and are worthy of criticism. I will also support renewable energy in the future but until them lets not lump all the blames on bitcoin miners.

It isn't expending excessively Electricity in light of the fact that bitcoin isn't a machines it is only a procedure of movement through framework in system or it is only a route procedure of your assessments. When you connected, you are finding out positions yet it is a well ordered process. So no reason at all that it devours excessively power since we utilize power day by day and it is normal utilized by all.

Yes, I agree too much using Bitcoin electrical power. But in my opinion, it doesn't matter, because one of the supporting tools to access the Bitcoin is electrical power.

Bitcoin mining consumes a lot of power due to the increasing difficulty of the digger, so the diggers must operate at full capacity to decode the complex bitcoin algorithms. That causes electricity to be consumed a lot, so there are now many bitcoin farms that are using renewable energy sources such as wind, water and solar.

There are country who has lesser charges of electric bill, such as, Netherlands, France, and China. But a hint from my friend, if ever you wanted to save energy, we might shift to solar energy, It is quite expensive, but it last long, about 20 to 30 years.:)

COINS now there are many people think that mining waste energy, said the currency is the product of a kind of useless, but also consume a lot of energy to mining, so a boycott of the currency, COINS, if can use renewable energy mining against the currency, I believe will be less

What is the energy consumption of the world wide banking system?

I mean, including everthing: salaries and bounties, buildings (incl. its energy consumption), transaction costs, everything related to FIAT (printing, transporting and storage), banking fees, safes, vaults and a lot more...

I bet this number is a lot higher right now, than Bitcoin will ever consume.

Well some environmentalists have put forward that concern and I moght have a read an article about that topic long ago and learned that some are worrying that it kight impact the consumption of electricity when a lot of mining is done as evidenced by computers shorting out if not properly rigged to withstand the pressures of the mining activities that would be done

That is a very nice idea but mining bitcoin requires too much power. Renewable sources are not a big help because it produces low power unlike the one the industry is already using.

You are just right. I would say that it should only be miners but every sector that depend heavily of electricity for production and services. As an environmentalist, i was totally concerned when i read about the impact of cryptocurrency mining on the environment. That was what lead me to passionately want to make www.envion.org/en/ico a success.

We really need to invest first on solar panels if we really want to mine. But it is too expensive to have and also it is also expensive to start a mining software. For me it is not worth to invest with that. Why don't you just trade I think ut is more profitable.

Using renewable resources as an energy source is a very good idea. But mining bitcoins requires huge amount of power for its whole system to produce one that's why it is more recommended to use the present source of energy. But also, not just bitcoin mining must be recommended to use the reusable energy but also other things that consumes a lot from our environment. Larger factories and production companies must be prioritized in promoting the renewable source system.

This is a great fact because Mining Machines runs 24 hrs and consumes much electricity.

Well they do consume a lot of electricity due to large amount they got from mining. The price that they will need to pay for electricity is just a small part compare to multiple amount of bitcoin that they can receive.

Yes, if miners investors use solar panels and wind turbines then it is useful for them. But i see it is working very slowing. Because in my country people like to investment or trading with bitcoin and avoid to mining, becasue it is easy for them to earn bitcoin.   

It's true. Consumption of energy by the producers of crypto-currency is comparable with the energy of a small country. But with the help of technology proof-of stake it is possible to solve this problem.

The miners consume only a fraction of the industrial company. Though i agree with you that renewable energy is a must for miner. it helps to conserve energy and have a better ROI.

For me bitcoin doesn't use so much of electricity.
In every time we use electrity, a lot more electronics or gadgets were consume more on electricity rather than bitcoin. You may access bitcoin using you phone and phone doesn't use that much as compare to other appliances.

i guess one of the biggest problems of bitcoin and any other crypto mining is the huge use of electricity but i hope they could find a solution for it in the nearest future pointing out using the clean energy is one of them but i could a solution in every place in the world not only in the places that has alot od wind movement or a thing like that   

I wouldn't compare mining to banking system, because mining is completely different story. Mining bitcoin in energy inefficient because block don't have to be very difficult to hash. Hashing difficulty is big just because there are a lot of miners with large hashing power. Bitcoin is designed to adjust the mining difficulty to hashing power of the miners. If the hashing power of the miners would be less, then Bitcoin would be much more energy efficient.

True enough, bitcoin mining does use up a lot of electricty. But renewable energy like solar panels and wind turbines small enough to fit to a house cannot sustain a lot of power. You also have to consider the environmental conditions to which you will be placing these technologies.

The energy created that way is not enough for the miners because its not steady and we know very well that how much energy is required by the miners to run smoothly. The more the electricity fluctuations the more rusty rig we make. It can destroy the rig lifetime very quickly and over the time we may not see it profitable. So its better to use the normal electricity because in anyway we pay for it. Its just the same thing as plugging in the mobile phone to charge or turning on the refrigerator! So why should we be worried that much as you are saying. I love the environment too but sometimes we also need to manage things with what we can get. The insufficient needs first must diminish then we can think of goodness of nature. Im not offending environment in anyway, I'm just telling you the facts.

I think that's a good thing because with technology such innovation will reduce the impact of electricity usage and environmentally friendly. miner currently consumes enormous power and requires huge fees for monthly electricity payments.

Please how do btc utilize too much electricity, like it really consumes electricity? Don't all our appliances do?

well.. It can not be denied that, the difficulty of mining by computer networks has real-world consequences. that is, a surge in the consumption of electrical energy, especially those sourced from not environmentally friendly energy.
however, not all digital currency mining is not environmentally friendly.such as The mine computer in Iceland gets energy from geothermal power plants. Even in China, there are also mines that use electricity from hydroelectric power plants in Sichuan and Yunnan. of course, both mines could be the inspiration of other miners to reduce adverse impacts on the environment.

Yes ... it's a very good idea, mined bitcoin is very much consuming electricity of course it will have a bad impact for the future let alone the majority electricity of the country originated not from electricity that can be in renewable. So the longer it will run out, hopefully the miners are reading this and they have the initiative to create their own power plant of course it will also cut their expenses.

If someone wants to have the least environmental impact, they should go nuclear. Think of that, a nuclear bitcoin miner  ;D Nuclear energy has arguably the least environmental impact out of any other source of power for how much electricity it creates. Things like solar panels take a lot of materials for how much power they make.

That's a great idea. We all know how much energy a regular mining consumes in a month. We should take into consideration that mining have huge energy consumption because the rigs run 24/7. I cannot even imagine how much bigger mining farm consumes. Not all countries are capable to give the amount of energy demands of the public and so the possibility of higher cost of it is very high. In order for a miner to be worry free of the monthly bills, renewable energies are the answer.

yes it consumes but it also gains money, which might not be said for other things, like TV.

IMHO bank services are using much more electricity. Anyway some countries even now receive huge % of electricity from nature sources (sun, wind etc) and with time this percent will even increase

from what I know, Bitcoin transactions will be processed and validated by miners in the Bitcoin network. The miners use a special hardware in mining. While in the mine perform calculations and calculations called "hash". Hash operation is needed as a solution to solve complex mathematical algorithms. If the miners are successful, will get a number of new Bitcoin units (rewards), and added with a certain amount of transaction costs.
well .. mining process is what will ensure system security in Bitcoin network. According to Deetman, (Sebastian Deetman is a graduate of Industrial Ecology at Leiden University in 2010) Bitcoin mining process consumes approximately 350 megawatts of electricity. The amount is equivalent to the electricity needs of 280,000 households in America.
Sebastian Deetman started off by referring to Christopher Malmo article on MotherboardVice. Malmo in his article, underlines that the level of electricity consumption in Bitcoin network is quite large. check here for your reference https://motherboard.vice.com/en_us/article/ae3p7e/bitcoin-is-unsustainable

The idea of too much energy consumption by miners is contrived.
Talk about the amount you can compare with anything. Write the figures for electricity consumption by the banking system.
Or we spend too much energy on the production of dildos!

Its normal for you to have high electricity consumption since you are running a huge machine, but its ok if you also earn a lot of money then it was very profitable. Most of the graphics card today is sold out in the market because of the high value of bitcoins in the market.

not sure, I would need to see the figures.

yes a lot of energy is wasted to get some bitcoin from miners, the idea you propose is very good, better utilize other resources (energy) like Solar panel, wind turbine or water, with energy of course it will be very friendly environment of course can save some expenditure, so the profits will increase, hopefully this idea can be applied as a whole for bitcoin seekers

renewable energy is the next big thing when it comes to mining crypto currencies. More and more miners are shifting to solarpanels etc. Due to low prices for the long run of their mining rigs. Big chunk of energy are being consumed with regular energy most of them must switch to renewable energy.

You people need a reality check, and to stop commenting on things that clearly are Beyond your competence.

It is shocking to read how many of you seem to think solar would be an environmentally friendly solution for mining, or how somehow renewable enrgy would be cheaper. You are the kind of people that push governments in taking poor decisions that eventually cause unimmaginable harm.

please, study. educate yourselves.

I just think that Proof-of-work algorithm that Bitcoin uses is wasteful on computer resources. I don't see the benefit of POW over POS (Proof-of-stake) algorithm, because POS uses much less electricity. 

What's the problem if miners consume electricity if they pay for it or do the necessary work to create it, when did people paying for things they want become a problem. I't be fun if amish/steampunk crossover anti-bitcoin champion emerged out of nowhere though :D

Energy consumption has become a huge problem. Bitcoin is consuming billions of kilowatts of energy all over the world for mining. Unfortunately, we are faced with nature. I never thought people could beat nature. Controlling Bitcoin mining is against Bitcoin's.

As people increasingly focus on environmental protection, the use of renewable energy to produce bitcoin will be a trend. I think it will bring a new leap to the development of encrypted currency if it is able to use solar energy efficiently. This will greatly reduce production costs and thus reduce transaction costs. It is very good for the popularity of bitcoin.

Yes, they pay for it but they consume so much elecricity that it can harm the environment. I think that solution is in POS (proof of stake) algorithm that is much less wasteful. Even ordinary computer can "mine" those POS coins.

If people have enough money to pay for electricity, why stop them?

Mining is really consuming a lot of electricity if you did not optimize your rig. The best thing to do is research a lot about the graphics card you are planning to buy before getting it because there are specific cheap for best hashrate and all you need to do is figure this out in order to earn more profit through mining.

In order to be able to exploit bitcoin in times of high value and less and less demanding, the digging system must be extremely modern and operating at full capacity, thus consuming a lot of power for bitcoin mining workshops. No one can deny that bitcoin mining is a profitable business, so for long-term survival and no impact on the environment, the mining companies should study the use of energy there. Can recover and not affect the environment. Can be mentioned as: wind, solar energy, sea waves ...

I agree, I think it is the best for the miners to invest on recyclable energies in able to help in decreasing their impact on the environment, hoewver this transition would need more capital and additional equipments in able to facilitate.

I do not think that there's a technology that is already existing where renewable energy will be available for mining. The best thing for mining rig to become more profitable is that your area will have a low electricity consumption, just like in china and that's the reason why 30% of the contributor in the market is coming from chinese miners.

Bitcoin does consume a lot of electricity. Some say too much. There are altcoins that are reducing this though, but I don't think they'll take over BTC anytime soon.

I think it's not too strong to eat electricity because you do not always have a bitcoin on your computer, the power of eating electricity is the bitcoin miner, that's great and cost-efficient, but if you do not You do not have to pay for electricity

Stupid idea. Do you know how much electricity data centers use ? Yeah Google is trying to do something with renewable power but that does not mean anything. You don't complain going on Facebook or Youtube and enjoying yourself, so I guess their data centers don't consume any electricity ? Don't be naive. Everyone here is looking for profit. If it's more profitable to pay for electricity rather than produce it everyone will do so.

That's great idea, all miners will lessen the cost of electricity.

Bitcoin is indeed draining lots of energy resources that our globe will certainly need especially that renewable energy isn't adopted worldwide and is present just in developed countries whereas the countries that have the hottest climax and sun rays are the most present doesn't even benefice from such technologies . Bitcoin mining gets way harder after each block thus more electricity spent , and this could endanger the humain race itself .

Yes , you are right bitcoin consumes too much electricity.
If this will last longer it causes drastic effect on future.
I personally suggest to go with the green energy like solar,wind and water etc.

Since it is operate through technology, I  think they consume too much electricity but since we are high-tech world they can consider solar, wind or water energy as alternative source of electricity.

Bitcoin's electricity consumption has been very high compared to conventional digital payment methods.This is because the dollar price of Bitcoin is directly proportional to the amount of electricity that can profitably be used to mine it. As the price rises, miners add more computing power to chase new Bitcoins and transaction fees, any way i will say it is impossible to know exactly how much electricity the Bitcoin network uses.

In order to say that Bitcoin uses too much electricity first of all we need to define that "too much" amount. Who can define it precisely, probably no one because it can be as too much as good as too small at the same time depending on what to compare that amount with. People usually compare Bitcoin's electricity consumption with electricity consumption of some countries. Why don't compare it with electricity and resource consumption of something that is more similar to Bitcoin by it's purpose like electricity and resource consumption of the whole banking system of the world. I don't think that Bitcoin maintenance cost will still seem too much in such a comparison. It will look tiny.

I think you are telling the truth but it is absolutely disrespectful.

indeed electricity is a source of energy that is quite a risk to the environment, a consequence that must be accepted when the excessive use of electricity will have a negative impact on the environment. solar panels and turbine power is the best alternative and solution for pana users and miner bitcoin, because the system works to minimize the negative impact of mining, it is friendly to the surrounding environment while saving the cost of electricity payment.
but in realization requires individual awareness so that all mining activities of the source switch to the source of solar and turbine power, this needs to be facilitated and cooperation with private parties and government.

If am not wrong,most of the big miners in China are using renewable energy sources for their mining rigs,sure mining is a heavy duty process which consumes a lot of energy and to be frank that is a good thing as it is not cheap to mine a bitcoin and hence it is more worthy to tell that it does cost more to mine a coin than to print fiat currency . ;D

Mining requires high powered tools and equipments to operate. Theres too much electricity to produce and generated. A renewable energy is a good idea for the environment but i think thats hard to produce given the fact that most miners arent a big company and producing a renewable energy resource like solar panel is hard and cant support the power alone.

yes, to reduce the supply of electricity, using solar panels better and also more efficient. but I do not think it will work. because the mining system must continue to work. morning, afternoon, and evening.
the solution, maybe using other sources, such as garbage power can help for mining as well. that can work everytime and also the cost more cheap.

In order to talk about the large consumption of electricity, we need figures on the consumption of similar systems. For example, the banking system.

I think all business establishment consumed electricity also and it is one of the vital sources needed.
Bitcoin maybe consume too much electricity and I don’t see any problem from that since they pay for all utilities they have so what is the issue?

Yes,bitcoin consuming too much electricity because bitcoin users using computers,cellphone or all gadgets that needing electricty.Especially now many people know this kind of cryptocurrency that is very legit so that they will try to join or enter bitcoin world that will cause too much electricity. Even though bitcoin is consuming too much electricity many people can pay their electric bill that comes from their earnings in bitcoin also.

I agree. Miners should go green and invest on solar panels and a powerfuk enough battery to store all the solar energy. But plotting a solar panel board on one's house is not that simple due to the complexity of the circuit, capacity of the battery, and the environment to which you are located on.

which does not make sense to think about, because the most spent electrical energy was washing machine in my opinion. if the bitcoin mining does not consume a lot of electrical energy because the bitcoin is like a light on at home. if you spend a lot of electrical energy why energy is not exhausted?

Building a mining rig is really profitable if the electricity consumption in your area is just small, renewable energy is not always available to all the country so the best thing to do is try to research about the current hardware that you are planning before you purchase and compute the voltage in order to get the highest profit you can get monthly.

I agree with topic starte but I doubt that miners wil voluntarelly donate money for saving the environment, it must be a governmental policy. And that would be one of those cases when states do something good in a sphere of crypto  ;D

I agree, I think renewable resource like solar panel is the best source of power  if you are going to mine Bitcoins since it is consuming too much electricity. Good investment in the long run.

They can be trying to do something about it, and yes, it's good, but to feed large mining farms or even data centers of these companies they need more than renewable energy to make it worthful and productive these days. I was thinking about a little mining farm making use only of solar panels and wind turbines and seems it's not possible. It's inviable. Renewable technology must become more improved yet to see some real chances of this happening.

To go "full green" now is just an ambientalist dream that will lead humanity to stagnation or olden ages...

Solar panel and hydroelectricity could be the best option for our everyday power alternative, not only for bitcoin mining. Countries should go for hydroelectricity and citizens should build their own power grids with solar panels - for a greener earth.

I run my mining rig off solar power. However, it still only takes 400W - that's hardly anything compared to the consumption of the average family home, half of which is wasted.

Is Bitcoin's power consumption really that high, when counteracting the power drain, created by the traditional monetary system? I do not think,that the financial institutions could withstand a direct comparison. Electricity consumption through previous financial transactions is many times higher. I can not understand the reasoning of the institutions and governments about electricity consumption.

now is the beggining of crypto and I hope within time they would invest in renewable energy and consume less, by doing this they would take down governments excuses for electricity.

Well, that is how it is, that is how bitcoin work it consumes a lot amount of electricity, you cannot earn bitcoin without consuming an electricity since bitcoin works with a use of technology it only simply means that bitcoin would working together as electricity would consume. Maybe a moderate use of it would help to lessen the consumption.

I dont really notice wheater bitcoin mining consume so much energy or not that can make impact to enviroment.
However now its time for green energy. Green energy is our best solution now.

Which bigger "all bitcoin mining /transactions in this world" or "all computers of all office in this world"?




_____________________________________________________________________________
Privatekey "1BitcoinEaterAddressDontSendf59kuE" :
********7**********0****7478650***77****5******0********8********9**12*******

For your information,bitcoin mining is now an industry where millions of dollars are spend and you need to have a big storage space and you really need a lot of electricity and most of the farms in China is run on renewable energy ,fixing a solar panel in your house is not a hurdle anymore,it is a bit expensive but if you are getting a lot of sun shine,then you must try solar panels.

miners have strong incentives for various industries to consume less energy. the miners should be able to find ways to reduce the damage because cryptococcal mining requires a lot of electricity to make mining more effective.

I agree with your opinion. Bitcoin really need much electricity because it is depend on technology. The miners should thinking wise in finding the renewable energy source so we can also save the environment. If the miners success in doing this, bitcoin will be more appreciate in all over the world. 

if bitcoin use solar energy it is good for society and environmental and more energy conversion resource should be thinked before implementing energy saving mining

Bitcoin exists primarily online and only about 3,600 new units of this cryptocurrency are created daily. But while the task requires electrical energy, can something that has no physical presence consume as much electricity as a whole country?

The claim that bitcoins consume more electricity than several developed countries has become as popular on the internet as the cryptocurrency itself. Approximately 3,600 new bitcoins are created daily through a complex process called "mining", which consists in awarding a bitcoin to computers that process complex mathematical equations through specialized software. A popular formula for calculating energy consumption is that of the Digiconomist cryptocurrency blog, which is based on the performance specifications of the most used technology for mining. As a starting point it takes all the income from mining, estimates the operational costs of the miners as a percentage of their income and converts them into expenditure for energy consumption based on the average prices of electricity.

This methodology yields an annual electricity consumption for the production of bitcoins that is currently equivalent to 32.56 kilowatts per hour (TWh), while Eurostat figures show that in 2015 Denmark consumed 30.7 TWh of electricity and the Republic of Ireland 25.07 TWh.

You could say that if it is true, it consumes extreme energy, but this is an exaggeration ... The above information is a summary that I have found of additional information, but the problem is to generalize so much when in fact less than 30% are the ones that are In charge of mining, most prefer trading.

They could but they certainly don't have to and not for the environments sake. I do love the environment don't get me wrong but there are tons of other industries in the world that drain energy all day long yet we gotta keep having this discussion? Namely idle phones, and also the aluminum industry. Two random examples but they do apply and if I don't see changes there I don't see why we all of a sudden gotta change and are the worst culprit on the block. Not buying that narrative that the mainstream media is trying to push, not on this one. I see you and I sift you the hell out. :P

There are plans going on to do that, but I believe that the consumption of electricity is one of the major reasons (or a main feature) which is why Bitcoin is the supreme of all. Mining process is the cause of investors' speculations, so thinking that the numbers might shrink currently is still hopeless because electricity is generating something that possesses much bigger value than what they earn through their 9-to-5 jobs. It takes few months to ROI and if these miners hold, they can make much more of their revenues in Bitcoins. I urge these miners to start investing some percentage of their mining income in purchasing solar based equipment to help reduce this rough consumption of electricity.

you are absolutely right, mining requires a lot of electricity
and that matter causes waste of electricity and adversely affects the environment
they should use alternative energy, and if this continues in the canal, will certainly be very harmful to us all

Actually, it would be really great, but do they really care about it? Not at all! Most of people are selfish, and they think only about their income. Tell me if I am mistaken. It is so evident, friends! IMHO.

This is one of the best materials they need in mining industry to lessen the expenses in paying elextric bills because solar panels can equaly distribute their daily electric needs and also increase your income when you use that can sources because you dont need to pay electric bills.

The miners are already thinking about it. Unfortunately, the tool to divert energy is still too expensive so the miners still think to survive using existing electrical energy. The transfers of energy consumption is not an easy matter because the energy is now an alternative that is solar panels and wind turbines still have a deficiency that is not able to meet the electrical power required by the miners. However, I am glad that some miners have started the diversion of these energy sources.

This was what I thought, so I read the BitCoin dev. papers and deducted where it all goes wrong, then with my experience on cellulair neural networks, I started to build a new voting system (Thank you Alan Turing!!) which will eliminate all problems in a cartesian product, because we only need a subset.
By solving these problems I was able to free the mining process back to 'just a coinbase operation', you can even build a lottery of members which will turn out free money every X minutes :)
The main thing is, finally all computing power hunting for coinbase money is free to use where it can benefit, like folding molecules to cure deseases, searching for astral life, or rendering video, the sky is the limit as long as your problem is dividable into minable blocks.
Read https://factorialcoin.nl for more information.

So, how many trees did you plant last year? How many bird houses have you put up in the trees?


Lols at the logic.
So if they would use alternate energy they would not waste energy?
Is this alternate energy something that comes from another galaxy and it's free to acquire and unlimited?



It's pretty simple to approximate the number. But I must say it again Approximate!!!
Take a loot at the hashrate, divide it by 13Th (what an s9 is capable of) , then multiply it by 1300 W.

Check this thread also for a bit more complex estimate
https://bitcointalk.org/index.php?topic=2465881.0

It would be nice to make a completely autonomous mining of solar panels. To just invest once and not pay for electricity anymore. There's no tax on solar panels, right?