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Title: Can actually Bitcoin be good for the environment? Post by: Cardan0 on January 30, 2018, 07:27:04 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".
To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Jet Cash on January 30, 2018, 07:36:30 PM Put the mining farms into a warehouse surrounded by fertile land. Plant trees and other vegetation to provide a haven for wildlife. There you go - Bitcoin mining is good for the environment. :)
Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity. Title: Re: Can actually Bitcoin be good for the environment? Post by: Xavofat on January 30, 2018, 08:15:26 PM It's almost impossible that the existing banking system uses more electricity (per transaction) than Bitcoin does.
Miners receive the block reward of 12.5 BTC (currently about $125,000) every ten minutes, and in addition to that it has transaction fees. Apart from the relatively small profit margin which they attempt to make, miners will use electricity (almost) proportionally to the value of the BTC they receive for mining a block. I'm not saying that the existing banking system is efficient, but even articles like this one (https://hackernoon.com/the-bitcoin-vs-visa-electricity-consumption-fallacy-8cf194987a50) that give an attempt to crunch numbers from a pro-Bitcoin perspective end up finding that Bitcoin is extremely inefficient if you think of it per transaction rather than as a whole. Proof of work is not necessarily a "waste" of electricity - it's important for security - but let's not pretend that the electricity isn't getting used. Title: Re: Can actually Bitcoin be good for the environment? Post by: jimbo2000 on January 30, 2018, 08:21:58 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? The more simple solution is either to solve the finite resource issue and find a way to have renewable energy, or alternatively to move bitcoin away from a method which is so energy intensive, think ethereum's plans to move to POS. Title: Re: Can actually Bitcoin be good for the environment? Post by: Sasuke102001 on January 30, 2018, 08:30:20 PM Maybe yes bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. Also the current banking system consumes too much electricity, I don't think that bitcoin transactions would take up that much of electricity so bitcoin can also reduce the amount of electricity used by the banking sector.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Eternu on January 30, 2018, 08:38:35 PM Bitcoin has nothing to do with environment. Power-plants are those who pollute the earth not bitcoin. So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm. Place some solar panels or some wind turbines and there you go. Everyone happy. Only people that want to see bitcoin fail will say that bitcoin is bad for power industry...
Title: Re: Can actually Bitcoin be good for the environment? Post by: droptableguy2 on January 30, 2018, 08:52:05 PM Exploiting bitcoin in particular and cryptocurrency generally requires a considerable amount of power so it also affects some of the environment. At present, miners are increasingly adopting alternative sources of power for mining to limit the environmental impact of bitcoins. This will help the mining industry to develop in the long run and not be subjected to pressure from local authorities and the public.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Kaan53 on January 30, 2018, 09:02:24 PM It may also be because there is no paper Money .
Title: Re: Can actually Bitcoin be good for the environment? Post by: BCTBF on January 30, 2018, 09:07:16 PM Yes I think mining is bad enough for the supply of electricity available on earth, I do not really understand about the science. But I think there should be restrictions on mining and electricity usage every day. Maybe the government can find the best solution about it.
Title: Re: Can actually Bitcoin be good for the environment? Post by: darkfox12 on January 30, 2018, 09:35:16 PM Right now it's not as good as it could be because half the miners are situated in China, which uses a lot of coal to produce energy. Now, there are alternatives that can be implemented to help reduce Bitcoins carbon footprint.
-Hydro electricity -Wind farms -Solar energy -Burning waste to generate electricity These aren't necessarily new ideas but they are possible ways to help offload some of the energy that's used with cleaner alternatives. But, that's probably not as viable at the moment. Maybe with partnerships, or government incentives we can help drive faster clean energy adoption. The other solution is of course: A new cryptocurrency There are less energy intensive platforms that could take over as the de facto coin that would provide far less energy requirements than bitcoin. “People who think cryptocurrencies are extremely important for society tend to have less of a problem with the energy usage,” says Marcovici, at Hydrominer, in Austria. “People who are not so much fans of them are the ones who are driving the discussion about energy. It’s a philosophical question.” Title: Re: Can actually Bitcoin be good for the environment? Post by: braZZers123 on January 30, 2018, 09:42:11 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". No, I do not think so. The fact that the bitcoin network requires a lot of energy resources, certainly gives a load on the production of electricity, but at the same time encourages the society to switch to alternative sources of electricity that do not harm the environment.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Minnie1928 on January 30, 2018, 09:43:26 PM One transaction can use as much energy as an entire household does in a week!
There is also a fantastical article about the terrible influence on an environment that is being caused by Bitcoin in a link below: https://www.motherjones.com/environment/2017/12/climatedesk-bitcoin-is-really-bad-for-the-environment/ Title: Re: Can actually Bitcoin be good for the environment? Post by: cryptorampage on January 30, 2018, 09:48:27 PM To make Bitcoin mining environment friendly we have to focus on renewable energy. We have to generate power from solar ,air and hydro. That's all.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Carmen01 on January 30, 2018, 10:08:45 PM Yes it's open a lot of job's so if you earn it's good to the economy of the country because you have money that can go in your country,i think we already see a lot of transaction here in different wallet so means there's a lot of jobs because people make a transaction.I think the conveniece in crypto are so much many and good not like the not good of it,we can think like that.
Title: Re: Can actually Bitcoin be good for the environment? Post by: BtcBenOKC on January 30, 2018, 11:33:46 PM The financial system was threatened 100 years ago by free clean wireless energy and they pulled all funding from Nikola Tesla and destroyed Wardenclyffe tower and everything associated with it. 100 years later the financial system is once again being seriously threatened by something else cryptocurrency and its using a energy problem its responsible for as its primary weapon against this threat. If bitcoin succeeds and frees people to truly be able to innovate without limitations it is highly likely that what we currently perceive to be a waste of energy will be a joke and the world could be a very different place.
Title: Re: Can actually Bitcoin be good for the environment? Post by: KingScorpio on January 30, 2018, 11:41:00 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? well bitcoin will be opposed for various reasons, defending it will be the problem of those that are invested with it. cryptographic encription will become more mainstream, anyway, miners will have distributed stages by then. depending with what you mean for the environment the answer is: wildlife always losses area/space due to bitcoin, but it will adapt anyway, changes will happen anyway. there will be in some areas communist outrages, all depending on how the people are living with, Title: Re: Can actually Bitcoin be good for the environment? Post by: ganlianshifu1 on January 30, 2018, 11:47:18 PM You can use some solar energy, wind power, water power generation, instead of traditional coal to power supply!
The carbon dioxide produced during mining can be effectively controlled and converted into something useful! BTC has reduced the issue of paper money to some extent, and the number of trees being cut down is decreasing! Title: Re: Can actually Bitcoin be good for the environment? Post by: jojowar on January 30, 2018, 11:56:27 PM Bitcoin can actually be good for the environment because it is a paperless transaction. It can be good also if the place of the mining uses renewable energy like putting up solar panel for energy consumption. j
Title: Re: Can actually Bitcoin be good for the environment? Post by: stronghands4lyfe on January 30, 2018, 11:57:27 PM Not only is Bitcoin a common good it is the best good to hit the human race since the invention of the car. It doesn't feel like we are living a time changing era but that is what is happening before our eyes, we are changing the way the world lives and it is awesome :P.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Casmania on January 31, 2018, 03:13:35 AM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. I would suggest that government in any country must have to adopt the renewable source of energy that is applicable to them such that people from that place may use this source of energy when doing the bitcoin mining operations which requires more electrical power consumption. With this, I would say bitcoin may continue to be good for the environment with no harmful effects to mankind and business transactions will continue to flourish. Title: Re: Can actually Bitcoin be good for the environment? Post by: Basshunter on January 31, 2018, 03:16:24 AM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. I would suggest that government in any country must have to adopt the renewable source of energy that is applicable to them such that people from that place may use this source of energy when doing the bitcoin mining operations which requires more electrical power consumption. With this, I would say bitcoin may continue to be good for the environment with no harmful effects to mankind and business transactions will continue to flourish. You guys think that gov's care about the enviroment, thats so cute of you ! Title: Re: Can actually Bitcoin be good for the environment? Post by: Argoo on January 31, 2018, 05:29:13 AM Bitcoin or any other crypto currency does not pose any threat to the environment. This problem is far-fetched. Yes, electricity is used to extract bitcoin. However, it can be extracted from environmentally friendly sources, such as solar energy, wind energy and others. These sources of energy are inexhaustible. Also, the heat that is generated during the extraction of the crypto currency is also clever. It would be a desire and this process can be used not to the detriment of nature and ecology.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bjjobg55206 on January 31, 2018, 06:01:38 AM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. Compared with the traditional monetary system, the energy consumption of bitcoin is not only its fatal wound, but can be said to be a very economical. Bitcoin consumes a lot of power, but it maintains the operation of the entire Bitcoin network supported by the network. No need for a banknote printing machine Mint, do not need the central bank and the banking system at all levels, do not need complex international exchange system. Title: Re: Can actually Bitcoin be good for the environment? Post by: noonc on January 31, 2018, 06:12:56 AM I think if this is done, it will result in the unemployment of the great majority of people. Then the distribution of social resources will be chaotic. At that time, people may become bitter about Bitcoin and people will be afraid of things they do not understand.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Cardan0 on January 31, 2018, 08:22:38 PM It's almost impossible that the existing banking system uses more electricity (per transaction) than Bitcoin does. Miners receive the block reward of 12.5 BTC (currently about $125,000) every ten minutes, and in addition to that it has transaction fees. Apart from the relatively small profit margin which they attempt to make, miners will use electricity (almost) proportionally to the value of the BTC they receive for mining a block. I'm not saying that the existing banking system is efficient, but even articles like this one (https://hackernoon.com/the-bitcoin-vs-visa-electricity-consumption-fallacy-8cf194987a50) that give an attempt to crunch numbers from a pro-Bitcoin perspective end up finding that Bitcoin is extremely inefficient if you think of it per transaction rather than as a whole. Proof of work is not necessarily a "waste" of electricity - it's important for security - but let's not pretend that the electricity isn't getting used. Actually, your article just further proves my point, it states that BTC is x60 more efficient, even if it is probably not an objective source. You should take into account the huge waste of the whole system: office buildings, people using fuel to go to them, the immense waste of construction. Even if you were using renewable energy sources, you are using lot of energy that is not directly used to ensure the safety of the net. A completely different thing is considering the process efficient in itself. I don´t picture BTC going PoS in any future, short or long term, since as today, forks are based on hashing power and the mines are not going to take the first step to self destruction. Let´s not pretend that I have said that electricity is not being used and let´s put some numbers to the waste of the traditional sector before accusing bitcoin (and Alts for that matter). Title: Re: Can actually Bitcoin be good for the environment? Post by: Andri.Ghani on January 31, 2018, 08:49:53 PM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. agree it is really a technological development that affects our environment but where initially stayed a lot of obstacles but after now well developed many people are starting to realize and join.and until now a lot of income for those who have joined :D Title: Re: Can actually Bitcoin be good for the environment? Post by: Dakshkapoor on January 31, 2018, 09:04:42 PM Yes, bitcoin is good for the environment. It does not have any bad effect on the environment. May the consumption of electricity for mining of bitcoins have some effect on environment. But nowadays we many sources of energy which never gonna exhausted for ever like from wind, sun and water.
Title: Re: Can actually Bitcoin be good for the environment? Post by: dollarneed on January 31, 2018, 10:36:54 PM I can not deny that bitcoin has a bad effect to the environment, although it is not large i mean we're living in the technology era where those technologies definitely have a bad impact to the environment, for example, source of electricity that coming from coal or diesel oil, the point is that the miners must find a renewable energy such as solar energy, wind power or water but honestly when we compared it to the banks surely banks have a worse effect on the environment than bitcoin, for example, is cash imagine how many trees have been felled to print the money.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Cardan0 on February 01, 2018, 01:29:28 PM To make Bitcoin mining environment friendly we have to focus on renewable energy. We have to generate power from solar ,air and hydro. That's all. Renewable energies are now a tendency and many of the projects that want to make bitcoin farms to industrial scale are located near the least expensive energy source at the moment - Hydro power - So actually they do already use renewable at large scale. Obviously, even if so, the energy could probably be used in other applications, so is not 100% friendly. Title: Re: Can actually Bitcoin be good for the environment? Post by: Deubila on February 01, 2018, 02:00:44 PM When I read this topic I like it, because I think the bitcoin market is a potential market that can invest in to make a big profit, and of course it will also be more beneficial for the environment as it does not discharge waste to the environment. If a plant has a large amount of capital, such as bitcoin and investment, to generate a large profit such as bitcoin, it is likely to produce a lot of waste.
Title: Re: Can actually Bitcoin be good for the environment? Post by: onnz423 on February 01, 2018, 02:11:31 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? If you add up the total power required for the visa banking system, all the ATMs, all the card machines, all the servers, I am pretty sure it exceeds bitcoin. In any case, power requirements should never be used to put something down. Energy production via renewable sources is increasing, and an increase in power consumption might actually promote investments into better renewable tech. In the end, energy will be less of a concern when our production easily exceeds our usage (fusion anyone?). Title: Re: Can actually Bitcoin be good for the environment? Post by: Eternu on February 01, 2018, 07:22:12 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? If you add up the total power required for the visa banking system, all the ATMs, all the card machines, all the servers, I am pretty sure it exceeds bitcoin. In any case, power requirements should never be used to put something down. Energy production via renewable sources is increasing, and an increase in power consumption might actually promote investments into better renewable tech. In the end, energy will be less of a concern when our production easily exceeds our usage (fusion anyone?). That is correct, we must look at bigger picture here. We can not speak about bitcoins power usage for mining, and not speak about banking system that we have now. For people to be able to use bitcoin, we do not need banks and many other things that comes with banking system (but i believe that banks will find their way into dealing with bitcoin). All we need are those miners, which use less electric power than all banks. Also there are people in Sibir who made heat system for their houses from crypto miners, which mean that power that miners use are not just for mining. From this even a person which knows nothing about bitcoin can see that this is nothing bad a farce. In which bitcoin will be presented as an bad for our environment. There is no denying that we need to do something about energy production via renewable sources, because we have only this planet. Title: Re: Can actually Bitcoin be good for the environment? Post by: Pleione527 on February 13, 2018, 03:40:17 AM We could use bitcoins to promote a healthy environment, raise funds for restoration projects,with its fast transactions only with the use of internet, no need for people to travel from one place to another to invest thus minimizing the
Car pollution and expenses in materials. Topics to post could also include facts concerning environmental issues which are very timely to make each one of us aware of it. Title: Re: Can actually Bitcoin be good for the environment? Post by: Ian Dave on February 13, 2018, 04:36:28 AM Yes, I think it would be good for our environment because it can lessen the number of unemployment and can give a money for the people to have a work. It helps them to be wiser in trading and investing.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Mickznet on February 13, 2018, 06:20:50 AM It depends on what power source you are using in bitcoin mining, if your using renewable source of energy bitcoin is good to our environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Cardan0 on February 13, 2018, 01:18:44 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? If you add up the total power required for the visa banking system, all the ATMs, all the card machines, all the servers, I am pretty sure it exceeds bitcoin. In any case, power requirements should never be used to put something down. Energy production via renewable sources is increasing, and an increase in power consumption might actually promote investments into better renewable tech. In the end, energy will be less of a concern when our production easily exceeds our usage (fusion anyone?). That is correct, we must look at bigger picture here. We can not speak about bitcoins power usage for mining, and not speak about banking system that we have now. For people to be able to use bitcoin, we do not need banks and many other things that comes with banking system (but i believe that banks will find their way into dealing with bitcoin). All we need are those miners, which use less electric power than all banks. Also there are people in Sibir who made heat system for their houses from crypto miners, which mean that power that miners use are not just for mining. From this even a person which knows nothing about bitcoin can see that this is nothing bad a farce. In which bitcoin will be presented as an bad for our environment. There is no denying that we need to do something about energy production via renewable sources, because we have only this planet. I also read an article in a blog that compares bitcoin use of electricity with many other life activities, such as the light on futbol stadiums or the excesive lighting of many cities, not to mention heating waste. Title: Re: Can actually Bitcoin be good for the environment? Post by: Cardan0 on February 13, 2018, 01:20:46 PM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. I would suggest that government in any country must have to adopt the renewable source of energy that is applicable to them such that people from that place may use this source of energy when doing the bitcoin mining operations which requires more electrical power consumption. With this, I would say bitcoin may continue to be good for the environment with no harmful effects to mankind and business transactions will continue to flourish. Renewable energies are also scarce, that means that even if you use renewable sources, you are using electricity that could potentially have other uses, so it is not impact free in any case. Title: Re: Can actually Bitcoin be good for the environment? Post by: Cardan0 on February 13, 2018, 01:22:43 PM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. Compared with the traditional monetary system, the energy consumption of bitcoin is not only its fatal wound, but can be said to be a very economical. Bitcoin consumes a lot of power, but it maintains the operation of the entire Bitcoin network supported by the network. No need for a banknote printing machine Mint, do not need the central bank and the banking system at all levels, do not need complex international exchange system. A systema such as bitcoin can also benefit from using the net services in places where there are more renewable sources or electricity is cheaper. So it is, in a way, decentralising the cost of the banking system. Title: Re: Can actually Bitcoin be good for the environment? Post by: swogerino on February 13, 2018, 01:26:40 PM At the moment mining Bitcoin is not so energy efficient. Many miners including small home miners are mining with normal electricity adding to a small pollution in the environment. Countries like Japan which are far ahead in every aspect of Bitcoin are investing a lot of money in Wind Turbines farms and I believe this to be the most perfect source of energy and to be also clean for the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Ranly123 on February 13, 2018, 01:26:48 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? How can it be bad for the environment if it is all digital which do not need resources that can affect the ecosystem. Though it uses electricity for minig, it does not mean i could totally corrupt the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: Ronni on February 13, 2018, 01:27:55 PM For me, bitcoin is bad for the environment because it consumes more energy,specifically electrical energy. A good example for a huge usage of energy are the mining sites which are composed of many CPU's and it really consumes energy. Another are the people around the world who are using computers to make bitcoin, they are spending their time too much in the computer that leads to usage of energy too. For me, it affects the sources of electrical energy because there are millions of millions of people who are using electricity in the process of obtaining bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: lyks15 on February 13, 2018, 01:41:11 PM Yes there are bad things that biycoin can affect our environment. But if we will try to think the good effect of bitcoin in our environment there are many benefits. Let us think, when the illegal loggers will learn about bitcoin maybe they will stop cutting trees that cause landslide or floods. When unemployed people are going to learn and do bitcoin they will earn even when they are not have any diploma or even they are not a college degree holder. Bitcoin can lessen criminality also when criminals are going to learn bitcoin they will not do crime anymore. I think we need to focus in the good things for our goals and dreams.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Granslam on February 13, 2018, 01:55:21 PM Yes in a sense bitcoin does help preserve the environment. Imagine the factories and mining quarries that would be turned into fertile lands suitable for habitation of wild animals in case bitcoin would thrive. We may alleviate the damage of our carbon footprints by using the waste energy to something useful like a recycler.
Title: Re: Can actually Bitcoin be good for the environment? Post by: luckybegum3907 on February 18, 2018, 03:08:17 AM cryptocurrency generally requires a considerable amount of power so it also affects some of the environment. At present, miners are increasingly adopting alternative sources of power for mining to limit the environmental impact of bitcoins. , I think we already see a lot of transaction here in the different wallet so means there's a lot of jobs because people make a transaction. Then the distribution of social resources will be chaotic. the point is that the miners must find a renewable energy such as solar energy, wind power or water but honestly when we compared it to the banks surely banks have a worse effect on the environment than bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Argie021213 on February 28, 2018, 02:43:08 AM It is up to the people on how to use bitcoins for good or bad in the environment. In my opinion,these forums could also be used to save the environment by raising awareness to the users about environmental issues and they can promote advocacy and projects to help save the environment. They could open a campaign to raise funds for the rehabilitation of the environment too.
Title: Re: Can actually Bitcoin be good for the environment? Post by: GrannyC on March 03, 2018, 04:23:39 PM Thank you for rising this topic, there is plenty of non-sense about bitcoin just because people don´t understand the immense benefits for society that derive from it.
Title: Re: Can actually Bitcoin be good for the environment? Post by: leath08 on March 03, 2018, 06:08:04 PM There is so many things to take into account.
If you was to say it was better for the environment because of this, then someone would have an argument to disagree with you. Good question but one that you can never have a definite answer for. Title: Re: Can actually Bitcoin be good for the environment? Post by: Ahmadarwani56 on May 27, 2018, 04:39:42 PM I think bitcoin increase the cost of electricity because menambang continuously, and make lungkungan disturbed.<br />Because it can be a burden the state.
Title: Re: Can actually Bitcoin be good for the environment? Post by: jhache on May 29, 2018, 08:28:33 AM The only good use case of bitcoin miners is that it produces heat and this heat can be used to keep your homes hot during winters. Other than that I don't think there is any other use of bitcoin miners. Other wise bitcoin is just bad for the environment and uses too much electricity when there are alternatives to mining.
Title: Re: Can actually Bitcoin be good for the environment? Post by: elghoniya on May 29, 2018, 08:34:45 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Of course, Bitcoin is digital. It is not need paper etc. It is the future technology. Title: Re: Can actually Bitcoin be good for the environment? Post by: samvel86 on June 02, 2018, 07:57:14 PM Yes, there are bad things that can affect our environment. But if we try to think about the good effect of bitcoin in our environment, there are many advantages .. Investing in bitcoins is good, but that does not mean that you will need to invest all your savings / money in it, just make it another source of income so that your money does not stagnate, and you can earn more. Of course, bitkoyn is digital. It does not need paper, etc. This is a future technology. Title: Re: Can actually Bitcoin be good for the environment? Post by: Ocha Bacoh on June 02, 2018, 08:22:27 PM Yes, can. and depending on how we use them.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bitbink on June 02, 2018, 08:32:41 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? "Production" of bitcoin is no different in terms of electricity consumption from any other production capacities. Perhaps it is even more "environmentally friendly". We live in the industrial era and it is impossible to imagine our life without production capacities . Title: Re: Can actually Bitcoin be good for the environment? Post by: iyan33 on June 02, 2018, 09:36:04 PM I think bitcoin is not bad for our environment and it does not have much effect for many people, because it is digital money and many people do not know bitcoin, but If if biycoin is allowed by the government there must be a lot of good things from this bitcoin, one's bitcoin will become successful and can open up new jobs for unemployment
Title: Re: Can actually Bitcoin be good for the environment? Post by: Binmado on June 02, 2018, 10:28:28 PM Yes, there are bad things that can affect our environment. But if we try to think about the good effect of bitcoin in our environment, there are many advantages .. Investing in bitcoins is good, but that does not mean that you will need to invest all your savings / money in it, just make it another source of income so that your money does not stagnate, and you can earn more. Of course, bitkoyn is digital. It does not need paper, etc. This is a future technology. Title: Re: Can actually Bitcoin be good for the environment? Post by: angchosenone on June 06, 2018, 06:23:48 AM The budgetary framework was undermined 100 years prior by free clean remote vitality and they pulled all subsidizing from Nikola Tesla and obliterated Wardenclyffe tower and everything related with it. after 100 years the monetary framework is by and by being genuinely debilitated by something different digital money and its utilizing a vitality issue its in charge of as its essential weapon against this risk. On the off chance that bitcoin succeeds and liberates individuals to really have the capacity to advance without constraints it is exceedingly likely that what we right now see to be a misuse of vitality will be a joke and the world could be an altogether different place.
Title: Re: Can actually Bitcoin be good for the environment? Post by: HelenS on June 06, 2018, 06:28:58 AM Bitcoin has nothing to do with environment. Power-plants are those who pollute the earth not bitcoin. So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm. Place some solar panels or some wind turbines and there you go. Everyone happy. Only people that want to see bitcoin fail will say that bitcoin is bad for power industry... Yes, there are so many polluters and abusers of energy apart from bitcoin and miners! If only the problem was in it... Title: Re: Can actually Bitcoin be good for the environment? Post by: vhhjhju on June 06, 2018, 06:34:32 AM Electricity wasted?
Resources have already been generated, and the use of non-use has always existed. What's more, miners are paying for electricity bills and are not obtained free of charg Title: Re: Can actually Bitcoin be good for the environment? Post by: troglobait on June 06, 2018, 06:42:08 AM honestly speaking I do not really understand how bitcoin can help the environment. Humanity is on the way to destroy the planet, help the environment can only realize that the land is our home and do not need to crap it
Title: Re: Can actually Bitcoin be good for the environment? Post by: Mofazzal840 on June 06, 2018, 06:53:10 AM We think mining is bad enough for the supply of electricity available on the earth, we do not really understand about the science. But we think there should be restrictions on mining and electricity usage every day. May be the government can find the best solution about it. Which is the best useful for Environment. ;)
Title: Re: Can actually Bitcoin be good for the environment? Post by: darkangel on June 06, 2018, 07:02:19 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". In order to earn Bitcoin then convert to real money, users are not afraid to invest in computers with ever-increasing capacity. The continued operation of all computers to solve complex algorithms will result in power consumption in excess of 42 Twh, equivalent to 0.19% of the world's electricity consumption. This is really a worrying figureTo have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: rext on June 06, 2018, 07:15:31 AM On January 17, 2018, the energy consumption of this coded currency equaled the energy level of Peru.
Every day, new Bitcoin diggers will be involved in the verification process and add them to Blockchain. This not only increases the demand for electricity but also increases carbon emissions. Title: Re: Can actually Bitcoin be good for the environment? Post by: susuberuang on June 06, 2018, 07:17:44 AM it seems that today bitcoin already has a very good movement, with this excellent bitcoin rush of traders including you should be able to take advantage of moments like this for profit.
Title: Re: Can actually Bitcoin be good for the environment? Post by: JackyLon on June 06, 2018, 07:37:29 AM Yes, actually today's bitcoin is really good for everyone's life when owning it. Now that bitcoin has made our lives richer and more stable, bitcoin is a long and stable investment. I hope the end of 2018 worth it will reach $ 25000.
Title: Re: Can actually Bitcoin be good for the environment? Post by: KenyonCarter on June 06, 2018, 06:42:08 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". I think Bitcoin is good for environment. Look at the way it is promoting everyone. It is definitely valuable for the locality. For instance, PRG, a cannabis coin, is offering marijuana with which the people’s diseases can be cured. These coins are excellent for investments as they even take care of environmental issues.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: KurtEldon on June 06, 2018, 07:05:34 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Obviously, Bitcoin is good for the environment. It is working on such a vast canvas that it should not be proclaimed as bad. Yes, there might be additional costs but look at coins like LTC, TAU, which are not only giving good gains, but also are concerned about the locality.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Dexion on June 06, 2018, 07:36:28 PM excessive use of electrical energy for mining is a bad thing and can deplete the country's electrical energy supply. the meaning is that the management of electrical energy for mining should be managed properly.
I think the solution to save electrical energy is to use a hydro miner, or use solar energy, or also with the use of electric energy waste or steam. In my country, the rubbish is managed to be a power source, and it can be used for mining. Title: Re: Can actually Bitcoin be good for the environment? Post by: callmeback on June 06, 2018, 08:12:47 PM Bitcoin diggers will be involved in the verification process and add them to Blockchain. This not only increases the demand for electricity but also increases carbon emissions. But we think there should be restrictions on mining and electricity usage every day. May be the government can find the best solution about it. Which is the best useful for Environment. Other than that I don't think there is any other use of bitcoin miners. Other wise bitcoin is just bad for the environment and uses too much electricity when there are alternatives to mining.
Title: Re: Can actually Bitcoin be good for the environment? Post by: queenlaurel on June 06, 2018, 09:59:14 PM We have solar energy now, thats concerning the electricity issue. Bitcoin being good for the environment and for you to see it's proof, you have to get everyone involved in it. Other countries that produce electricity 24/7 don't complain of electricity wastage because they use it too, Bitcoin for all is a revenue for the whole country and it's good for the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: stimliall on June 06, 2018, 10:52:38 PM BTC's mining machine generates a lot of heat during mining, causing the ambient air temperature to rise!
BTC also consumes a lot of electricity during the mining process! BTC's scrap mining machine has also polluted the local ecological environment! Title: Re: Can actually Bitcoin be good for the environment? Post by: Jamescur on June 06, 2018, 11:00:01 PM The energy consumed for BTC mining work is small compared to traditional work. But the output value is very high!
And BTC's mines are built outside the city. The main pollution is carbon dioxide pollution! The pollution caused to the environment is very small! Title: Re: Can actually Bitcoin be good for the environment? Post by: IndigoRed on June 06, 2018, 11:15:40 PM Blockchain technology in particular, can have a positive impact on the environment -it really depends on your perspective. One benefit I see is policy-making. How do we develop sound environmental policies? By electing the right officials. With a blockchain election, people could effortlessly and securely vote, regardless of location.
Title: Re: Can actually Bitcoin be good for the environment? Post by: metalglowd on June 06, 2018, 11:33:42 PM Put the mining farms into a warehouse surrounded by fertile land. Plant trees and other vegetation to provide a haven for wildlife. There you go - Bitcoin mining is good for the environment. :) Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity. very easy to say, but whether until now there is a company or someone who do that? I do not think so. in fact they prefer to actually consume large amounts of electric power. tool mining and coupled with a cooler. moreover, this is not just done in some places but everyone who has the opportunity to build it would want to like it. so those who recognize crypto with better energy usage but still do and participate with this, what they do is futile Title: Re: Can actually Bitcoin be good for the environment? Post by: BTC_BTC on June 07, 2018, 01:04:52 AM Something excessive will be bad. The electricity consumption that miners use will also have a negative impact on the environment and I think you need to make environmental improvements, so that the carbon gas you already dispose of your mining waste becomes balanced with the environment.
You may need to buy a large area of land and plant a thousand trees, in addition to the financial benefits for your future, this will also make you reduce greenhouse gases. Title: Re: Can actually Bitcoin be good for the environment? Post by: Hirameki on June 07, 2018, 01:15:31 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Most of the people that gets into bitcoin mining now a days are using solar power a source of electricity. Specially in china, where the largest hash power of bitcoin is generated. I can say that it is more efficient compared to banks that still uses a combination of electricity, paper and human effort to make transactions. Title: Re: Can actually Bitcoin be good for the environment? Post by: dorofee on June 07, 2018, 03:52:06 AM The people who say that bitcoin is bad for Environment ignore a lot of factors. Many countries are considering similar options just to save the paper (tress) used for printing so much currency.
Title: Re: Can actually Bitcoin be good for the environment? Post by: sorokinpo on June 07, 2018, 04:46:25 AM We can always compensate for the loss done to environment by bitcoins. Most of the technological things like AC cause harm but we have to consider the benefits as well.
Title: Re: Can actually Bitcoin be good for the environment? Post by: julielyn on June 07, 2018, 04:56:33 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? The more simple solution is either to solve the finite resource issue and find a way to have renewable energy, or alternatively to move bitcoin away from a method which is so energy intensive, think ethereum's plans to move to POS. Sure it would be good for the bitcoin environment to be used in a good way as other people use bitcoin to make a man's head so I can say that bitcoin helps the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: supermine on June 07, 2018, 04:57:37 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Yes,it can save lot of resources so which is good for environment.The mining needs large amount of electricity but world has huge number of banks and their buildings were thousands of thousands so imagine if there is no bank we can save all those electricity and can save the environment too.And it also can human resource but it will be bad for the people who working on this sector but normal people it can save the banking fees and timing because we can do it our own in a matter of seconds.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: r32godzilla on June 07, 2018, 05:31:44 AM There are lots of industries which consume high electricity and it seems that it could not be totally changed.Instead solar power usage should be promoted.So bitcoin only could not be targeted for high electrical consumption and blamed.If we start to avoid any new technological inventions for the reason of high electrical consumption,then we would have to go backward towards stone age.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bncbnc on June 07, 2018, 05:34:39 AM it seems that today bitcoin already has a very good movement, with this excellent bitcoin rush of traders including you should be able to take advantage of moments like this for profit. No doubt that bitocin has a very good potential and we are expecting that bitcoin price will very soon reach to its highest price in which it was already trading in previous year, this time investors even hopeful that bitcoin price will very soon reach to 50000$, therefore i think that investment in bitcoin in current time will be a very good decision. Title: Re: Can actually Bitcoin be good for the environment? Post by: voron84-05 on June 07, 2018, 12:48:45 PM In principle, any high-tech human activity can not be called environmentally friendly. Banks with all their infrastructure naturally do not have the best impact on the environment, but BTC mining, the amount of energy expended and the number of production facilities that produce equipment also do not improve the environment. So it's all fatal for nature.
Title: Re: Can actually Bitcoin be good for the environment? Post by: stayeduptolate on June 08, 2018, 03:41:51 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". I think this is all the work of fuds and othe bitcoin haters who doesn’t want bitcoin to grow , seriously I mean how much bitcoin consumes that much of energy that in coming decades it will use more electricity than the entire world is using right now. These all are the mind games played by fuds and bitcoin haters to demotivate people from not to invest into bitcoin , so by this they wants to deflate the valuation of bitcoin but if they wants to do this seriously then at least they needs to put some real facts and figures.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: roni12345 on June 12, 2018, 01:50:24 PM I'm not sure, I read that so on internet is Bitcoin economy would actually reduce the global energy usage and improve the environment. So, btc is good for environment, i think so.
Title: Re: Can actually Bitcoin be good for the environment? Post by: paparexon0414 on June 12, 2018, 01:56:35 PM Thinking about this for a long time if it really help environment or not. As the excessive use of power just to fill the energy needed in mining is really disturbing unless it uses a very large solar panel (which maybe as large as one city). The energy it emits is contributing in the green house effect. In some point usage of paper is also lessen as people nowadays is using much modern way of paying like bitcoins.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bitfocus on June 12, 2018, 02:03:22 PM miners need cheap electricity and they can always use solar, hydro or renewable energy to mine bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Anies_Sandi on June 12, 2018, 02:26:18 PM miners need cheap electricity and they can always use solar, hydro or renewable energy to mine bitcoin. cheap electricity is also necessary, because the miners did use electricity to mine. so without the miners electricity it's quite difficult too. The miners also need a lot of capital to get results as well Title: Re: Can actually Bitcoin be good for the environment? Post by: hennyjonh87 on June 18, 2018, 08:02:18 AM So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm. Place some solar panels or some wind turbines and there you go. Everyone happy
Title: Re: Can actually Bitcoin be good for the environment? Post by: BoyleWilder on June 18, 2018, 08:09:39 AM So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm
Title: Re: Can actually Bitcoin be good for the environment? Post by: boksoon on June 18, 2018, 08:33:05 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Definitely yes, Bitcoin is good for environment because using virtual digital system is actually environment friendly no volume of paper can be use to print obviously so no more waste disposal. about trading business in bitcoin, also no real goods and merchandise can transport anywhere only on your set everything is under control so no carbon dioxide can harm to our people or to our environment as well. Title: Re: Can actually Bitcoin be good for the environment? Post by: Remainder on June 18, 2018, 08:56:19 AM Bitcoin miner need too much electrical energy in order to run and this what study found that bitcoin could consume 7.7 gigawatts by the end of 2018 and it is worst and can hard to our environment, that's why miner for today is not profitable because it consume too much electricity and the value of bitcoin is low, it will be profitable again if bitcoin will rise again to $20k and above. Green and renewable energy is the answer for this kind of problem that miners is facing now.
Title: Re: Can actually Bitcoin be good for the environment? Post by: mabell943 on June 21, 2018, 06:55:24 AM Yes, the company of bitcoin can be good in environment.
The company can make some environmental acts that can improve the environment which is a very great thing for the entire community. Title: Re: Can actually Bitcoin be good for the environment? Post by: dongyi17 on June 21, 2018, 07:14:26 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Some mining company solve this problem because of high electricity consumption they create a solar panel to supply the mining equipment and lesser they electricity consumption and some of them deploy in farm field so sun direct to solar panel.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: bubblebubble on June 21, 2018, 07:28:15 AM I don't know if you read a recent study regarding mining impact compared to banks currency printing.
Well the study states that mining burn the 10% of banks energy. So mining is suitable Title: Re: Can actually Bitcoin be good for the environment? Post by: BagzMM on June 21, 2018, 07:36:51 AM Bitcoin can actually be good for the environment because it is a paperless transaction. It can be good also if the place of the mining uses renewable energy like putting up solar panel for energy consumption. j Yes, i do agree on your statement. Bitcoin are helping the environment because transaction are made online we do not need paper.Title: Re: Can actually Bitcoin be good for the environment? Post by: jpespa on June 21, 2018, 07:40:57 AM Bitcoin consumes too much energy even though it really helps generate money for all the miners out there. Good or bad it may be, the world has limited resources. Maybe too much energy consumption can affect the environment in the future.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bitfocus on June 21, 2018, 07:46:00 AM Bitcoin can be mined with Solar Power, Hydro Electricity is also cheap - and these can be profitable at a large scale operation. this is an article from bitcoin magazine, you might like it
Can Solar Power Drive Bitcoin Mining in Africa? https://bitcoinmagazine.com/articles/op-ed-can-solar-power-drive-bitcoin-mining-africa/ Title: Re: Can actually Bitcoin be good for the environment? Post by: raahi on June 30, 2018, 04:22:44 PM When you talk in the financial terms I see it as a golden opportunity but other than that when you call it in terms of an environment not the transaction part but the mining is what's the problem, it consumes a lot of the energy and therefore is dangerous for the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: KID_28 on July 01, 2018, 12:01:28 PM If an action is automated, i think it is good for the environment. Paperless transactions are good for the environment. And i think bitcoin is providing that innovation for some countries now. People must be open to changes like bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Solomonkingdom on July 01, 2018, 02:28:02 PM Yes, btc is the trend of the future. What the more banned the more it grows. And now I believe btc over gold, cash, bank. Title: Re: Can actually Bitcoin be good for the environment? Post by: allycn on July 01, 2018, 02:42:25 PM I don't think it would be that good for the environment for the electricity consumption you mention, and that is only when talking about BTC which not everyone will be able to get their hands on. If we talk about the rest of mined cryptocurrencies then the damage is even larger.
Additionally, what you refer to as useless work or "human waste" is how many people pay their bills and support their families. What would these people do then? If we are talking about the lower positions then they may not have the funds to educate themselves about crypto, so who would support them, the state? Title: Re: Can actually Bitcoin be good for the environment? Post by: semobo on July 01, 2018, 02:49:38 PM So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm. Place some solar panels or some wind turbines and there you go. Everyone happy So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm Those two accounts above needs to be looked into. I think it is either they are the same person or they are using the same brain. Plagiarism kills intelligence. Someone should investigate that. Title: Re: Can actually Bitcoin be good for the environment? Post by: airdnasxela on July 01, 2018, 02:50:50 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Hmm I think these things you have mentioned are not really related to being good for environment. Having big electricity consumption of bitcoin does not make it harmful to the environment. Equally, the commuting of the workers for the carbon footprint creation, you cannot really blame them that they are bad contributor for the environment. What if some do cycling? My point is that your logic seems illogical. Try to see for yourself. To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Tigorss on July 01, 2018, 02:52:20 PM Put the mining farms into a warehouse surrounded by fertile land. Plant trees and other vegetation to provide a haven for wildlife. There you go - Bitcoin mining is good for the environment. :) in fact this is still a lot of talk in some countries related to some of the risks that arise when many residents use bitcoin there is supportive and there is a refuse when many who use bitcoin sutau environment will automatically ride the economy but still vulnerable to criminal acts.Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity. Title: Re: Can actually Bitcoin be good for the environment? Post by: nurulhmani1280wat on July 01, 2018, 02:57:41 PM but one of those cases of bitcoin and good miners is that it generates heat that can be used to keep your home hot in winter. we do not think that there is any other bitcoin miner usage. Bitcoin is so wise the other is just bad for the environment and uses too much power consuming when there is an alternative to mining.
Title: Re: Can actually Bitcoin be good for the environment? Post by: kukurikapu on July 01, 2018, 02:59:42 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Everything can give or impart positive or negative impact depending on how you will utilize that thing. So i guess those who hold much hold our future whether it would be comfortable or it is better to die. Title: Re: Can actually Bitcoin be good for the environment? Post by: 1020kingz on July 01, 2018, 03:19:19 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Bitcoin mining is using electricity, obviously and 24/7 mining a bitcoin. However banking system also used electricity when doing transactions as well as paper receipts and records and bank books. Comparing these two, bitcoin although using electricity it is very safe in the enviroment, there is an alternatives to use electricity like solar power it conserves power consumption in some power plants, also coalfire power plant can also be used as a power source.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: ejswift on July 01, 2018, 03:31:21 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". yes it will be just think positive because bitcoin will help environment to become more high in technology and more in cryptoTo have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: etron on July 01, 2018, 03:36:37 PM who says bad bitcoin is a jealous person because they can not afford to do it and they are just lazy people and can not accept the fact that technological progress is a time change. and they can only make fun of it and actually they are interested but they are prestige, and I think we better focus on our future and not care for those who do not want to accept this modernity.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Nurul_ on July 01, 2018, 04:17:38 PM can not. because so many people who invest in bitcoin eventually they can have additional income to meet their daily needs. and how many people helped their lives because of the investment in bitcoin .
Title: Re: Can actually Bitcoin be good for the environment? Post by: PattersonRaquel on July 01, 2018, 04:27:22 PM I think that bitcoin is not good for the environment. exploitation is bad enough for the power supply of the air temperature around the increased lot
Title: Re: Can actually Bitcoin be good for the environment? Post by: senne on July 01, 2018, 05:44:08 PM I think that bitcoin is not good for the environment. exploitation is bad enough for the power supply of the air temperature around the increased lot Are you Serious? If you think then you are totally wrong, I know Bitcoin and Altcoin working may consume lot of power supply but so does any currency system will consume. Crypto currency is working bank in-itself so such issues are common, for instance the working of a bank requires space, regular maintenance of computer, power supply, salary payments and many more expenses and in case of Crypto currency these are nearly less as compared to banks. Also, people are now using Eco-friendly ways to run crypto environment which will further reduce all such problems. Title: Re: Can actually Bitcoin be good for the environment? Post by: cr7 on July 01, 2018, 06:01:44 PM Fiat money require paper and Visa and MasterCard plastic. Thus, the manufacturer is forced to destroy nature. And in the case of Bitcoin, only electricity is spent on mining and blockchain, which can be obtained for example from windmills.
Title: Re: Can actually Bitcoin be good for the environment? Post by: CoinstarF on July 01, 2018, 09:14:39 PM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. Bitcoin is good for environment we are smoke free no printing in used of paper and our money is digital and we can access bitcoin without using electricity solar power may take in place no waste to be disposed a little we have radiation but we cannot surpass other network of thier radiation I can say that here in bitcoin we are safe. Title: Re: Can actually Bitcoin be good for the environment? Post by: bungutko on July 01, 2018, 09:23:44 PM I would say bitcoin is not totalliy giving bad effect to the environment since it is using the Internet to be able to participate in bounty campaigns , investments and payment system. Except for mining where it use high electricity consumption but if it is using renewable source of energy then it has not contribute further damage to the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: thefatman82 on July 01, 2018, 09:43:04 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Technologies are not good for environment for my own opinion. But as for Bitcoin it can be good in some part. Every country spends money, resources, and peoples for creating cash. Bitcoin doesn't contain this part of that process.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Psychee on July 01, 2018, 10:12:51 PM go to Socratus because it's a new crypto project that has a future
Title: Re: Can actually Bitcoin be good for the environment? Post by: nurulhmani1280wat on July 01, 2018, 11:51:58 PM we think bitcoin currency is not too bad for our environment because it is not much affected by many people around it, because it is one of the digital money, so many people do not understand what bitcoin is, but if bitcoin is authorized by the government then there are many good things. of this bitcoin, many people's bitcoins will become successful and can be a good job on the unemployed.
Title: Re: Can actually Bitcoin be good for the environment? Post by: mkcube on July 01, 2018, 11:55:30 PM I think there is no reason that bitcoin becomes bad to the environment. As a matter of fact it helps a lot of people in the invirinment to grow their knowledge and to improve their social life. It also helps to the unemployed people which can be a good job for them.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Abete on July 02, 2018, 12:02:02 AM So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining farm. Place some solar panels or some wind turbines and there you go. Everyone happy it is not just an innovation, if we are able to do and manage properly like livestock, the benefits that we may be more able to know in every time. That is very fun. Title: Re: Can actually Bitcoin be good for the environment? Post by: takadada on July 02, 2018, 02:46:59 AM BTC has some environmental pollution, which has a small impact on the environment, although compared to industrial pollution of similar value, bitcoin appears to be less harmful to the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: quyenquang1654135@gmail.c on July 02, 2018, 02:49:29 AM This is quite separate because Bitcoin does not have many practical applications. It just stops at the level of payment instruments only
Title: Re: Can actually Bitcoin be good for the environment? Post by: karloscimot on July 02, 2018, 02:52:19 AM if in my opinion bitcoin is good for gan environment. because until now I personally have no permanent job and income except from investing in bitcoin. even some of my friends they have become millionaires .
Title: Re: Can actually Bitcoin be good for the environment? Post by: Wylie330 on July 02, 2018, 04:46:53 AM Yes. It was created because Bitcoin wants to improve or change the system. Technologies are designed because it will help our lives more comfortable and convenient. But some people took advantage of technology and used it in wrong ways. Bitcoin would really help and change for the better. It is all up to us how we are going to use it for good.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bharal07 on July 02, 2018, 09:51:20 AM Of course, and not just the environment as well as education. It also works well for people who are not employed because of this bitcoin no age choice or religion.
So many people are now here with bitcoin and I am also one of those. So it's good for bitcoin for our environment because everyone can help to improve and improve the environment Title: Re: Can actually Bitcoin be good for the environment? Post by: Maiscoinyelo on July 02, 2018, 09:53:40 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? In my own opinion, bitcoin ca be good for the environment. If the rich people from bitcoin help other people in environment or help to make the environment better it will be good. Many rich people from bitcoin help the environment to get better. Title: Re: Can actually Bitcoin be good for the environment? Post by: btcdimcash on July 02, 2018, 03:38:07 PM So if we go to more earth friendly ways of making electric power, we will have problem solved. Bitcoin farms do not need too much space, also that space around it could be used for producing electric power for that mining
Title: Re: Can actually Bitcoin be good for the environment? Post by: inspirone1 on July 03, 2018, 10:28:11 AM I think there is no reason that bitcoin becomes bad to the environment. As a matter of fact it helps a lot of people in the invirinment to grow their knowledge and to improve their social life. It also helps to the unemployed people which can be a good job for them. You are writing this question, but till now not so much people know about Bitcoin, and they don't have the opportunity to work with it. But technologies make profit to people to hear about Bitcoin and invest in it. Title: Re: Can actually Bitcoin be good for the environment? Post by: tuturutmunding on July 03, 2018, 10:53:17 AM Of course! Why not? Bitcoin is not something that can damage the environment. Just bitcoin can cause good effects for environment if we do not blame the use of bitcoin can help the economic system. If in an environment have a good economic system of course will be realized welfare
Title: Re: Can actually Bitcoin be good for the environment? Post by: arifin eky on July 03, 2018, 11:06:13 AM yes it could be, bitcoin can affect the environment and can be accepted in the environment.
for example with bitcoin can gather people to engage in socializing and donating so that the view of the community is good on the existence of bitcoin. Title: Re: Can actually Bitcoin be good for the environment? Post by: spadaccino on July 03, 2018, 11:13:53 AM I definatily do not think so - unless they decide to go green using PoS that 'd be a releave for environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: BelieveInBTC on July 03, 2018, 11:18:46 AM A lot of electricity is currently being used on maintaining fiats (printing, creating new designs, destroying old banknotes etc.) and banking system (money transfers, visa and mastercard servers). Bitcoin network needs to be secured by miners who use enormous amount of electricity in order to achieve the highest possible hashrate. However, it doesn't use as much as other systems.
Title: Re: Can actually Bitcoin be good for the environment? Post by: luis fantom15 on July 03, 2018, 11:22:08 AM Yes in a sense bitcoin does help preserve the environment. Imagine the factories and mining quarries that would be turned into fertile lands suitable for habitation of wild animals in case bitcoin would thrive. We may alleviate the damage of our carbon footprints by using the waste energy to something useful like a recycler.
Title: Re: Can actually Bitcoin be good for the environment? Post by: millytr on July 03, 2018, 12:30:35 PM I definatily do not think so - unless they decide to go green using PoS that 'd be a releave for environment Actually we can use the clean energy from wind , sun or water but people are not choosing them because to set up a system for those things are so complicated and cost.Nuclear power could be a good one unless they're leaked from the factory, that will be dangerous for our lives. Title: Re: Can actually Bitcoin be good for the environment? Post by: gasparyu on July 03, 2018, 01:31:29 PM the only good thing that can bitcoin do for the environment is having no fiat money anymore. not using fiat means no paper is to be used as money. good for the tress lol
Title: Re: Can actually Bitcoin be good for the environment? Post by: Mandarava on July 03, 2018, 01:40:30 PM I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network.
Title: Re: Can actually Bitcoin be good for the environment? Post by: lucy94 on July 03, 2018, 01:49:05 PM definitely
Title: Re: Can actually Bitcoin be good for the environment? Post by: Bilong ko on July 03, 2018, 01:51:56 PM it seems that today bitcoin already has a very good movement, with this excellent bitcoin rush of traders including you should be able to take advantage of moments like this for profit.
Title: Re: Can actually Bitcoin be good for the environment? Post by: AliMan on July 03, 2018, 01:55:54 PM I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network. Well actually bitcoin has a lot to offer for the environment and they are really good. I really think that bitcoin is a big blessing for all of us. Bitcoin is very advantageous and beneficial so I must say that it is good. There's nothing wrong about the effect of bitcoin as of now and I hope it will continue for a long run.Title: Re: Can actually Bitcoin be good for the environment? Post by: v3liana on July 03, 2018, 02:01:03 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". yes bank use a lot plastic and its a waste and i do think bitcoin mining right now is consume too much electricity, there should be a development in hardware which could mine faster and eco- friendly with less consumption of power. But i believe we do save woods cause crypto never use paper at all cause all the things in crypto almost digital.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Hitesh shaveta ohri on July 03, 2018, 02:03:23 PM I think bitcoin can be good for the environment as it is proven that every new change brings some positive aspects in life. So i hope this bitcoin also revolutionize the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Bulljcak on July 03, 2018, 02:07:32 PM Yes I think mining is bad enough for the supply of electricity available on earth, I do not really understand about the science. But I think there should be restrictions on mining and electricity usage every day. Maybe the government can find the best solution about it. In order for us to have a good living,electricity is one of the major need.We are using the sources that provided for us with the help and proper mining of the government.I see a good environment in the future. Title: Re: Can actually Bitcoin be good for the environment? Post by: Ahimoth on July 03, 2018, 02:10:43 PM I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network. I can certainly say as of now that bitcoin is a great invention. It paves the way for the digital currency to be known worldwide. Bitcoin has helped a lot of people from the very start and I am one of it. For me bitcoin is a blessing and a very good help to the environment. It creates a lot of opportunities.Title: Re: Can actually Bitcoin be good for the environment? Post by: Cotton Candy on July 03, 2018, 02:10:49 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Indeed. It was made in light of the fact that Bitcoin needs to enhance or change the framework. Advances are planned on the grounds that it will help our lives more agreeable and advantageous. In any case, a few people exploited innovation and utilized it in wrong ways. Bitcoin would truly help and improve. It is all up to us how we will utilize it for good. Title: Re: Can actually Bitcoin be good for the environment? Post by: Gyromancer on July 03, 2018, 02:13:42 PM Indeed, I can not deny if bitcoin does give a good impact to the environment. If bitcoin does not provide benefits to this environment, of course bitcoin has long since been abandoned. But, in fact bitcoin users over time are growing and they feel life changes after joining bitcoin. Like me, my economy is getting better after joining bitcoin. Bitcoin really does make the economy change for the better. I hope that the crypto currency is still there because I feel that the benefits are real.
Title: Re: Can actually Bitcoin be good for the environment? Post by: TheChung1904 on July 03, 2018, 02:40:34 PM Bitcoin has nothing to do with the environment. Power plants are those who pollute the earth without bitcoin
Title: Re: Can actually Bitcoin be good for the environment? Post by: kyledavid on July 03, 2018, 02:42:36 PM yes for me since fiat cryptocurrency are working with factories and uses material from nature which is not good for the environment . becuase of bitcoin since it is virtual it doesnt need to cause anything to the nature . Paper money needs trees for it to be made . also fiat coins also created in factories which emits smokes that has an effect in our pollution .
Title: Re: Can actually Bitcoin be good for the environment? Post by: stimliall on July 03, 2018, 02:54:12 PM As the demand for electricity from mining continues to grow, the use of renewable resources for power generation is now becoming more prevalent, wind and who can operate and maintain costs are low, and these procedures are fully automated, without any fuel and without any pollution !
Title: Re: Can actually Bitcoin be good for the environment? Post by: Jamescur on July 03, 2018, 02:56:24 PM Bitcoin has a big negative impact on the environment!
Bitcoin mining consumes a lot of energy, emits heat and noise, and does not produce any favorable products for real life! Title: Re: Can actually Bitcoin be good for the environment? Post by: wiik on July 03, 2018, 03:28:28 PM Im a fan of crypto and bitcoin but i dont think bitcoin is being more good than being bad to the environment since mining bitcoin require a lot of energy . But i believe in the near future , when all are mined out then maybe it will be good . Because i personally think by that time bitcoin is going to be accepted as a currency for buying goods both online and on other physical stores . Which means , we dont need to produce that much of fiat money since we have bitcoin . In that way , bitcoin can help preserve the environment because we could save up some raw materials which is , obviously taken from nature .
Title: Re: Can actually Bitcoin be good for the environment? Post by: ProstoInvestor on July 03, 2018, 03:33:00 PM I do not think that bitcoin will be harmful to the environment, because in the course of time ecological methods will be developed to maintain the work capacity of the bitcoin network. The missiles are also not very eco-friendly, but they are used.
Title: Re: Can actually Bitcoin be good for the environment? Post by: JennetCK on July 03, 2018, 03:34:46 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Find a place where you set up your mining farm then have many solar panels and install it near the farm or surrounding the farm , that will help also. Or s windmill power and and hydo powe. Those are the alternative that we can use instead of burning fossil fueils.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: brylle34 on July 03, 2018, 03:38:33 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". if you use your bitcoin for green movement or what i mean to say is to help our nature we can say that bitcoin is good for the environment, there are ICO project that focuses on our nature to take care and also plant trees etc. so bitcoin is good for the environment. If you are using solar panel or energy from waste to mine bitcoin it is great for the environment.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Kupid002 on July 03, 2018, 03:46:36 PM I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network. Well actually bitcoin has a lot to offer for the environment and they are really good. I really think that bitcoin is a big blessing for all of us. Bitcoin is very advantageous and beneficial so I must say that it is good. There's nothing wrong about the effect of bitcoin as of now and I hope it will continue for a long run.Title: Re: Can actually Bitcoin be good for the environment? Post by: mensha on July 03, 2018, 04:07:38 PM Actually there are pros and cons when using bitcoin or crypto currencies. As you explain, there are some factors effect to the environment when consider power consumption. However there are some advantages also. When we use crypto currencies, we can eliminate paper based currencies. Then it will positively create an impact on the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bitcoin2048 on July 03, 2018, 07:54:12 PM I think that we already have so many contest tropical things which affect our environment, that way certainly not should concern bitcoin and mining influence.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Chachacoin17 on July 03, 2018, 08:07:42 PM I think that the main reason for bitcoin to be less popular in the future than other crypto-currencies is that it requires a significant amount of energy resources to maintain its network. Well actually bitcoin has a lot to offer for the environment and they are really good. I really think that bitcoin is a big blessing for all of us. Bitcoin is very advantageous and beneficial so I must say that it is good. There's nothing wrong about the effect of bitcoin as of now and I hope it will continue for a long run.I can see a good point in your statement mate, but you also have to consider those miners who operated at expensive and costly price of electricity during their transaction mining operations. Speaking about good to environment, definitely it do brought bigger advantages if all of the miners will use cleaner power sources instead of ozone depleting power fuels like geothermal plants that contributes to the global warming. However, most of the plans and improvements of bitcoin nowadays were more focused on how to move forward to much efficient, and effective ways of handling bitcoin transactions smoothly particular on its advantages with regards to power generation that runs the entire bitcoin system. Title: Re: Can actually Bitcoin be good for the environment? Post by: LunaticMovement on July 03, 2018, 08:23:21 PM Ya ...
Bitcoin is useful for the environment, Because its safe and healthy process. Its not polluting the air, water and human also. Title: Re: Can actually Bitcoin be good for the environment? Post by: Damn3d on July 03, 2018, 08:36:37 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". I think that we can manage it by doing some ecological specific places to mine bitcoin there, like some Forest out of the city laboratories in which we would store all of this GPUs and mine it there.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: likerseld on July 04, 2018, 08:29:41 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Technologies are not good for environment for my own opinion. But as for Bitcoin it can be good in some part. Every country spends money, resources, and peoples for creating cash. Bitcoin doesn't contain this part of that process.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Batman_Bitman on July 05, 2018, 06:54:58 AM Yes in a sense bitcoin does help preserve the environment. Imagine the factories and mining quarries that would be turned into fertile lands suitable for habitation of wild animals in case bitcoin would thrive. We may alleviate the damage of our carbon footprints by using the waste energy to something useful like a recycler. Preserving the environment is not only related to the nature. If we talk about bitcoin, it saves a lot of work and manpower which is used to run the banks and process of transmitting money from one place to another. This also has an healthy effect on humanity.Title: Re: Can actually Bitcoin be good for the environment? Post by: lnihjlbg on July 05, 2018, 06:58:43 AM Traditional bitcoin mining does waste a lot of resources, but with the current mining methods of other altcoins changing, the loss of resources is not as exaggerated as bitcoin. Bitcoin will also change with these, and secondly, bitcoin mining resources, miners will pay fees, not waste, this is a transaction.
Title: Re: Can actually Bitcoin be good for the environment? Post by: jeihjeih on July 05, 2018, 06:59:48 AM BTC can hardly be good for environment, but there are alternatives set up like bitcoingreen
Title: Re: Can actually Bitcoin be good for the environment? Post by: abaidudez on July 05, 2018, 07:05:38 AM Bitcoin can affect the environment in the sense that it need to use so much energy when you are mining Bitcoin. In my own opinion it can be good also in the future if all people will use digital currency like bitcoin instead of cash. Most cash around the world need materials that came from trees so when everyone are using bitcoin or digital currency so no need to cut trees to make bills. :)
Title: Re: Can actually Bitcoin be good for the environment? Post by: jeihjeih on July 05, 2018, 07:38:54 AM I was suddenly thinking about this, I wonder if BTC will ever develop into a POS model
Title: Re: Can actually Bitcoin be good for the environment? Post by: Marlo0619 on July 05, 2018, 07:56:53 AM yes. for me, i think it is good for the environment. for every city, and country. because it is a cryptocurrency where we just need to post, answer all the question or the threads correctly with no plagiarism. because the manager can track who are the ones plagiarize or not. we need to make a post with our own idea, our own words. it must be unique and better than the other posts. and also it must have a sense. bitcoin helps the people to have an extra income without paying anything. so bitcoin is good for the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: solenn heussaff on July 05, 2018, 07:58:38 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? For me, bitcoin is good for the environment. It makes the payment system easier and it makes many people rich by investing in it. Many companies accept and support bitcoin so it makes an economy of a certain country better. Title: Re: Can actually Bitcoin be good for the environment? Post by: maxti on July 08, 2018, 08:10:02 PM Imagine the factories and mining quarries that would be turned into fertile lands suitable for habitation of wild animals in case bitcoin would thrive.
Title: Re: Can actually Bitcoin be good for the environment? Post by: dumple on July 08, 2018, 08:16:38 PM Why not? i love bitcoin and i really like and enjoy the way that it works, it is like a hobby for me and i really appreciate it, i do not understand why it should not be good for the entire community in here, because it is not something evil
Title: Re: Can actually Bitcoin be good for the environment? Post by: pavka on July 08, 2018, 08:19:11 PM While traditional sources of electricity will be used to extract bitcoin, the discussion will continue. Everyone knows that thermal and nuclear power plants pollute the environment, and hydroelectric power stations change rivers and kill their inhabitants.
Title: Re: Can actually Bitcoin be good for the environment? Post by: inspirone1 on July 10, 2018, 01:09:37 PM We think mining is bad enough for the supply of electricity available on the earth, we do not really understand about the science. But we think there should be restrictions on mining and electricity usage every day. May be the government can find the best solution about it. Which is the best useful for Environment. ;) I think we all must start with ourselves. You can use much less electricity per every day. But if in whole it must be regulated by the government of every country. Using all these steps can be better for the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: Psychee on July 10, 2018, 01:13:10 PM there is only Socratus and nothing except Socratus
Title: Re: Can actually Bitcoin be good for the environment? Post by: virendarnagpal on July 10, 2018, 01:49:01 PM With the passage of time the mining of bitcoin has become more and more complicated. Very complicated mathematical problems need to be solved. For mining bitcoin advanced computers have to be used. To solve the complex math problems they have to use very big specialized hardware computers, and because they are very big so they become very hot while working. These hardware are called Application Specific Integrated Circuit i.e. ASIC. Definitely this process affects the environment because of carbon emissions from coal; diesel while manufacturing electricity.
But the question is whether we shall give up this so beautiful useful coin because of it's effects on environment or shall be find some alternative ways to save the environment while mining bitcoin. This objective can definitely be achieved. There are so many countries where the scope of solar ; wind; hydro energy available. We shall think of diverting towards these natural renewal energy sources. Also planting of more and more trees should be done. There is one more side of this discussion i.e. if we use banking channel digital currency or paper currency they are also using electricity and trees are being cut for printing of paper notes. So the best way available to mine bitcoin without pollution is to divert towards renewable electricity. Title: Re: Can actually Bitcoin be good for the environment? Post by: Hitesh shaveta ohri on July 10, 2018, 02:50:32 PM Maybe bitcoin is good for the environment like if we stop using paper bills lot of trees can be saved. Also the current banking system consumes too much electricity and bitcoin transactions wouldn't take more electricity so bitcoin can also reduce the amount of electricity used by the banking sector.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Souldream on July 10, 2018, 02:54:34 PM Maybe bitcoin is good for the environment like if we stop using paper bills lot of trees can be saved. Also the current banking system consumes too much electricity and bitcoin transactions wouldn't take more electricity so bitcoin can also reduce the amount of electricity used by the banking sector. I believe that everything has their corresponding advantage and disadvantage that could and may affect environment and Humans life. It only depends on how people gonnat take it because sometimes even if the things exist is good it become worst due to unresponsible handling of people. Title: Re: Can actually Bitcoin be good for the environment? Post by: addeqt on July 10, 2018, 03:00:50 PM Do you know that it needs atleast 12 trees to create a 100 percent non recycled newsprint. And that is just to create a paper, what more in creating a fiat? But if people will use digital currency, no one need to haded over those bills and a single scan in a qr code or tap in a terminal will automatically send your payment. There is also no need to recycle or re create new money because digital currency is intangible and indestructible. The only environmental effect that it bring are the carbon oxide produced by the electric company which powered the mobile phone of bitcoin users.
Title: Re: Can actually Bitcoin be good for the environment? Post by: ghost424 on July 10, 2018, 03:02:04 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? It sounds possible that our systems produce different kinds of pollution and we can conclude that it is us humans creating it. It is still not to late to give a solution for our problems as long as we act accordingly. Our technology is slowly advancing and they are thinking of ways how to lessen our Energy waste and turning it into something useful or even profitable. I have heard that some platforms that is also integrated into Blockchain Technology is looking for ways to do efficient mining and not hurt our environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: hurriebra49 on July 12, 2018, 10:11:56 AM It's not good for the environment because of the energy used by its servers however due in the course of months there are many coins that have emerged whose ultimate goal is to make the process of mining bitcoins environmentally feasible so this issue seems temporary.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Geemy on July 12, 2018, 12:27:33 PM no There is no trust in any work Betquin will end soon and all the circulation of the news now is all false and useless to wait and who sold is a winner and who waits is a loser
Title: Re: Can actually Bitcoin be good for the environment? Post by: Veronicavn1875 on July 15, 2018, 03:25:52 AM Planting trees and other vegetation to provide a paradise for wildlife. Bitcoin extraction is good for the environment. Even better if they convert the stored energy in all the discarded plastic bottles everywhere. It is not possible that the current banking system uses more electricity (per transaction) than Bitcoin. In addition to the relatively small profit margin they are trying to make, miners will use electricity (almost) corresponding to the value of the BTC they receive to exploit a block. Evidence of work does not necessarily mean "wasted" electricity - important for security - but do not pretend electricity is not used.
Title: Re: Can actually Bitcoin be good for the environment? Post by: hunter50 on July 15, 2018, 04:18:35 AM I think bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. At present, miners are increasingly adopting alternative sources of power for mining to limit the environmental impact of bitcoins Like mining and other power source that produced radiation.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Gibsonlda on July 15, 2018, 06:09:57 AM cryptocurrency generally requires a large amount of power so it also affects multiple environments. Currently, miners are increasingly adopting alternative resources for mining to limit the environmental impact of bitcoin. And I think mining is bad enough for the power supply available on earth, I do not really understand about science. But I think there should be restrictions on the use of mining and electricity every day. Maybe the government can find the best solution about it
Title: Re: Can actually Bitcoin be good for the environment? Post by: Dangdingdongbray on July 15, 2018, 08:41:44 AM In my opinion, if you think then you are completely wrong,I know Bitcoin and Altcoin work can consume a lot of power supply but so will the currency system will consume.Crypto currency is a self-employed bank so that such problems are common,for example bank work requires space,routine computer maintenance,power supply,payroll and many more costs and in the case of Crypto currency is almost less compared to the bank.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Rony24h7 on July 15, 2018, 06:19:49 PM There are many people nowadays very concern about nature and the environment. They love nature more then anything nowadays now they are concern about the mining process of bitcoin and it's quite good for all of us. We see clearly the mining process of bitcoin is very costly nowadays it takes huge electricity to mine. So the nature protector comes in front not to slove but to make this situation more worse. There are many things we can do for the solution for this huge problem. One thing just hit in my mind the paper is one of the most important things and how we made paper huh? we all know the answer right we are using trees to make papers does it hamper the environment? We should find some ways to make it productive for the environment and which we can use to help our dear nature.peace.
Title: Re: Can actually Bitcoin be good for the environment? Post by: inspirone1 on July 16, 2018, 10:00:18 AM We believe that mining is bad enough to supply electricity available on the ground; we do not really understand science. But we think that there should be restrictions on the use of mining and electric energy every day. Perhaps the government can find the best solution for this.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Assface16678 on July 16, 2018, 10:24:18 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? A good point actually, this will probably lead you in thinking more critical. As of this moment as we can see the users of bitcoin was not really affecting the electricity or such, because the users are not wasting it. The real thing that is not good in the environment was the people who uses energy, water and such more that what is needed. It is not the bitcoin but the users, bitcoin is nothing to be blame of, bitcoin only help users to generate money in legal way, so bitcoin is not a big deal. And if you love environment and you are a user you will probably helps in conservation of the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: Blackhammer321 on July 16, 2018, 11:20:48 AM Maybe yes bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. Also the current banking system consumes too much electricity, I don't think that bitcoin transactions would take up that much of electricity so bitcoin can also reduce the amount of electricity used by the banking sector. This is a great thinking that may open our minds in terms of the good qualities the bitcoin have. As we elaborate the point where in the banks uses more power, different power to be exact like man power, electricity and such, bitcoin is really more efficient rather than in banks. In banks money are stored in it while in bitcoin it is a digit that you can seen in the screens of your mabile phone or other electronic devices and just it. As well as bitcoin consumes less time in transaction and other different factors that will lead to bitcoin be more effective that banks. It is indeed help.to the environment if people uses bitcoin in transaction where us only click is needed. Title: Re: Can actually Bitcoin be good for the environment? Post by: CoinstarF on July 16, 2018, 11:29:29 AM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. Bitcion is friendly accepted by people less of smoke no used of paper no used of plastic away from air pollution and less of energy because someone used solar power. Title: Re: Can actually Bitcoin be good for the environment? Post by: ankurguta87 on July 16, 2018, 11:48:04 AM In order to make Bitcoin work, you need electricity, computers, and the internet. That’s it.
Fiat currency requires resources to print the money, oversight in order to make sure it is being allocated correctly, fraud services, entire organizations devoted to preventing counterfeiting, money transport services, and more. List goes on and on, and is duplicated for every single fiat currency in existence. Bitcoin’s infrastructure needs are orders of magnitude smaller than fiat currency, and that’s just focusing on the resources to create the fiat currency itself. Title: Re: Can actually Bitcoin be good for the environment? Post by: Odlanyer on July 16, 2018, 03:59:38 PM Bitcoin is nothing to do on our environment but in our life yes bitcoin is very helpful because it's change our living and life in terms of our future it's become wealth and brighter, we're become rich when we have a hardworking and patient to bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: suchi2591 on July 17, 2018, 05:48:57 AM No printing, No transportation, No big infrastructure needed. So obviously they are good for our environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: inspirone1 on July 17, 2018, 02:21:24 PM There are lots of industries which consume high electricity and it seems that it could not be totally changed.Instead solar power usage should be promoted.So bitcoin only could not be targeted for high electrical consumption and blamed.If we start to avoid any new technological inventions for the reason of high electrical consumption,then we would have to go backward towards stone age. Personally, I think that Bitcoin doesn't do anything bad for the environment. All people around world use many electricity working for windows and films. Title: Re: Can actually Bitcoin be good for the environment? Post by: gwyncox.81 on July 21, 2018, 10:28:44 AM yes, the truth is that Bitcoin is a digital currency, we only need electricity to create Bitcoin. Therefore, It doesn't harm to our environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: kumarrajudtu2017 on July 21, 2018, 10:41:39 AM It may also be because there is no paper Money . Bitcoin uses energy for mining and if that energy comes from renewable energy or waste material energy then bitcoin would be best for the environment. Currently, the most efficient way to generate the highest hashes/kW are through the usage of solar energy and hydro-electric, because those are the cheapest ways to produce electricity (outside of government subsidized energy). So it is good for environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: ohkkstaaahp on July 21, 2018, 11:23:35 AM There are many benefits that BTC brings, but besides that there are many negatives that exist in BTC, in my opinion should not btc, open up to receive them and develop them.
Title: Re: Can actually Bitcoin be good for the environment? Post by: kingofworld92 on July 21, 2018, 12:22:59 PM But if people are going to use digital money, nobody needs to pay through that bill and a single scan in the qr code or click on a terminal will automatically send your payment. The only environmental effect that it brings is the carbon oxide produced by the power company that provides mobile phones to bitcoin users. It's not too late to offer a solution to our problems as long as they we act accordingly. I have heard that some platforms are also integrated into Blockchain Technology that is looking for ways to exploit it effectively and without harming our environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Wonderced on July 21, 2018, 12:32:19 PM yes, because bitcoin will help you and the government to improve what in the society, it helps to recognize what they need at the sametime people enjoy there life because of the bitcoin and will up our environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: SistaFista on July 21, 2018, 02:35:16 PM I think bitcoin only cost the electricity resources only, beside you need buy mining tools.
So, bitcoin is not harming the environment. For me, mining gold will cost more resources than bitcoin. Our environment will be stay good although we are mining bitcoin. Title: Re: Can actually Bitcoin be good for the environment? Post by: jamota on July 21, 2018, 02:40:35 PM .bitcoin consumes less time in transactions and other different factors that will cause bitcoin to be more effective than banks. It does help for the environment if people use bitcoin in transactions where we just click is required
Title: Re: Can actually Bitcoin be good for the environment? Post by: kinhdolaos on July 22, 2018, 03:49:05 AM Can not the current banking system use more electricity than Bitcoin. Proof of work does not necessarily mean "wasted" electricity - important for security - but does not pretend electricity is not used. Miners are increasingly adopting alternative energy sources to exploit to limit the environmental impact of bitcoins. Like mining and other sources of energy generate radiation.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Macon Bargeman on July 23, 2018, 06:19:20 AM I think your main concern refers to mining and the (excessive) electricity spent on it.
However, everyone doing mining actually pays the price. So this become an ethical question and concerns not only bitcoin, blockchain and mining, but also the general environmental attitude we have towards our planet. So should we stop bitcoin mining because of the environment? I think we have more serious environmental concerns to be worried about right now! And bitcoin mining is the last one in that list! Title: Re: Can actually Bitcoin be good for the environment? Post by: Mcdacillo on July 23, 2018, 07:13:17 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? In my own perspective, At first that I discovered or I learned manythings at bitcoin, even a percent chance, I didn't think that bitcoinis bad for environment. Though it is true that earning bitcoin through mining can use a lot of electricity even trading or simply buying because bitcoin can access through internet. But it is not too bad for environment since it doesn't release any chemical effect that can affect the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: Morvarid89 on July 23, 2018, 07:16:18 AM It is the truth. Because Bitcoin only uses electric energy for survival and that is really good for the environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: dupee419 on July 23, 2018, 07:39:41 AM Environmentally speaking I don't think BTC is the main reason but rather ELECTRICITY being the reason why environment is being reshaped, but it doesn't entirely means that BTC is the main reason around here, and economically speaking, BTC has actually uplifted some countries that are having problems in terms of their economic growth, and I don't think it strongly affects their environment, some countries have different causes of environmental breakdowns but I don't think that BTC has ever been the main reason of this.
Title: Re: Can actually Bitcoin be good for the environment? Post by: liseff3 on July 23, 2018, 08:04:16 AM Actually there are many other electrical tools, which I think is the biggest contributor to the waste of electrical energy, but because bitcoin's one of the commodities hated mainly by the government and banking, it is no wonder if in the end bitcoin mining's said to be the activity that discharges the largest electrical energy.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Markettoken on July 23, 2018, 08:05:00 AM I think for bitcoin living environment there is no effect, even can to donate bitcoin instead the contribution of carbon problems may depend but I think it is more useful than bad
Title: Re: Can actually Bitcoin be good for the environment? Post by: appcoin.info on July 23, 2018, 08:29:02 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". There are lots of industries which consume high electricity and it seems that it could not be totally changed. Instead, solar power usage should be promoted. So bitcoin can create the same solar system to use electricity.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: Eden Thompson on July 29, 2018, 08:10:44 AM Yes, but not so much because of the electrical use (that is important but there is a worse thing).
The disaster is that it is reckoned as a store of “value” and that means that people invest in it and tie large amounts of resources and work APART from electricity to the not-quite-a-currency. It isn’t entirely at fault. It would not be attractive and probably would not exist if our nations and societies used a sane definition of money. Currently you cannot find any economist who can even tell you the answer to “What is money anyway?” Not in any real terms and the money we have represents debt and is controlled by banksters. So the attractions of Gold and Bitcoin and the rest. Title: Re: Can actually Bitcoin be good for the environment? Post by: Phinoy on July 29, 2018, 09:35:10 AM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. It will be the good thing for the environment not just good but the best way for people who are in vices or in a drugs why don't you busy with other things like bitcoin unlike you've been in bad thing's that's why im good in bitcoin. Title: Re: Can actually Bitcoin be good for the environment? Post by: Harpawan on July 29, 2018, 09:38:21 AM . everyone who does the mining really pays the price. So this becomes an ethical question and not just about bitcoin, blockchain and mining, but also the general environmental attitude we have toward our planet
Title: Re: Can actually Bitcoin be good for the environment? Post by: eashikde on July 29, 2018, 10:34:22 AM Yes, because you can see that there are many projects related to the environment that offer very interesting and promising ideas. Therefore we will wait, I think there are pluses and will be.
Title: Re: Can actually Bitcoin be good for the environment? Post by: oanhphong on July 29, 2018, 10:57:43 AM Bitcoin can not waste energy and pollute the environment. When producing paper money, it also takes trees or wood, takes time to create the plant, exhausts the environment, and digs gold. mine ... Bitcoin just use the computer to dig how do affect the environment ?
Title: Re: Can actually Bitcoin be good for the environment? Post by: meerkatoken on July 29, 2018, 11:21:17 AM Yes !
As soon as we have fusion energy on anything else that is truly self-sustaining (not just renewable). If we have free electricity it is pretty reasonable to create money from it. The cash system is a huge impact on the environment but right now if BTC would be mined as such that the whole financial system uses it, well that would not be suitable for the environment with current sources of electricity. Also the electricity network would fail I believe. Title: Re: Can actually Bitcoin be good for the environment? Post by: sacred32700 on July 29, 2018, 11:30:28 AM For someone it is actually yes because it helps a lot for your future and your needs in life and also to help to others but in bad side the people are just facing their computers or any gadgets all the time because they need to do a task and to be aware what is happening in the price market of bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bitbunnny on July 29, 2018, 11:38:19 AM Having in mind huge amount of electricity that Bitcoin mining farms are using then Bitcoin is not environment friendly.
Still with alternative sources of energy, like wind that is used for electricity production this might change a bit. And especialy with some sustainable energy sources which I beleive would be available for mass usage soon. Title: Re: Can actually Bitcoin be good for the environment? Post by: johan36 on July 29, 2018, 11:44:56 AM I think yes Bitcoin is good for the environment , because this technology that we used to generate bitcoin whether you like it or not it can create many job opportunities and helps many people.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Kathleen Martinss on July 29, 2018, 01:01:17 PM Even so, we can not deny Bitcoin's impact on the environment. A study was made and posted on the Digiconomist, a site dedicated to the study and assessment of the ecological impacts of Bitcoin, published alarming data. Storage of transactions alone requires an average annual energy consumption of 30.14 billion kWh per hour, equivalent to an annual output of four nuclear power plants, but more Continuous operation of all computers to solve complex algorithms, will result in power consumption in excess of 42 Twh, equivalent to 0.19% of power consumption worldwide. Every day the Digiconomist web site publishes digitized data and illustrated examples to warn consumers of this problem. On 17-1-2018, the energy consumption of this coded currency was equal to At the same time, new Bitcoin diggers will be involved in the process of verifying transactions and adding them to Blockchain. This not only increases the demand for electricity but also increases carbon emissions. According to data obtained from a Bitcoin mining facility in Mongolia. By exploiting a BTC, the facility generates about 8,000 to 13,000 kilograms of carbon dioxide, or about 24,000 to 40,000 kilograms of CO2 per hour of mining.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bitlind on July 31, 2018, 11:05:45 AM I think there is no reason that bitcoin becomes bad to the environment. As a matter of fact it helps a lot of people in the invirinment to grow their knowledge and to improve their social life. It also helps to the unemployed people which can be a good job for them. I agree with you because people still use electricity for everyday use in PC. It will be great if more and more solar panels will be used for it. Title: Re: Can actually Bitcoin be good for the environment? Post by: jackky on July 31, 2018, 11:08:28 AM Bitcoin is only used on the internet and is not related to the environment. I just see the bitcoin mining is having a bad influence on the environment. Because there are some bitcoin farms that cut down the forest for the purpose of building Bitcoin farms
Title: Re: Can actually Bitcoin be good for the environment? Post by: BTalarmus on July 31, 2018, 09:52:32 PM Of course bitcoin will be good for environment because electronical coins don’t need paper and wood to produce it. Miners will use renewable sources of energy that’s why no negative impact towards nature will be produced.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Aztek on July 31, 2018, 10:01:15 PM Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation. Bitcoin does not affect the environment, its not either good or bad for the environment, The system used where they required a lot power energy supply for miners, just maybe can have some effects on the environment but not until today no one knows about this except the report of power energy consumption as to how much power we are using on the certain period of time. Title: Re: Can actually Bitcoin be good for the environment? Post by: jak3 on July 31, 2018, 10:07:54 PM I do hate banking system but there is no reason for saying that Bitcoin is good for the environment because of banks. Of course Bitcoin is much better than banking done but still mining causes a lot of damage to our environment not much like industries but still, it consumes a lot of power and produces heat which is a problem. But what if we can store that heat I transfer it from there and we use it and something else that will not only avoid the problem but also make it useful and probably automate something.
Title: Re: Can actually Bitcoin be good for the environment? Post by: kwendy on July 31, 2018, 10:07:58 PM well i think so because some project of many company is for the goods of the environment, and i can't see any reason that bitcoin can harm to the environment then, i hope that there are many company that will be increase in the solution platform to our environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Darz299 on July 31, 2018, 10:24:42 PM I think bitcoin does not adversely affect the environment. The number of bitcoin networks requires a lot of electrical energy resources. But bitcoin does not burden because some people use electricity with other alternatives. Like the source of solar system energy.
Title: Re: Can actually Bitcoin be good for the environment? Post by: davoovirgoo on August 02, 2018, 12:25:04 PM They say that in few decades 30% of banking jobs will no longer exist. I'd say 80% if we start investing into cryptocurrency.
Title: Re: Can actually Bitcoin be good for the environment? Post by: nghihuynh2018 on August 02, 2018, 02:11:47 PM Bitcoin can be good for the environment.It can reduce the amount of electricity used by the banking sector.
Title: Re: Can actually Bitcoin be good for the environment? Post by: coromabur on August 02, 2018, 02:20:25 PM It all depends on who is spreading or introducing bitcoin in the environment. If it disseminates information inaccurately it will have a negative impact on the environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: Neved1975 on August 09, 2018, 01:35:19 AM traditional bitcoin mining does waste quite a few sources, but with the current mining strategies of different altcoins converting, the lack of resources is not as exaggerated as bitcoin. Bitcoin will even change with those, and secondly, bitcoin mining resources, miners will pay costs, now not waste, this is a transaction.
Title: Re: Can actually Bitcoin be good for the environment? Post by: lynlyn on August 12, 2018, 09:09:57 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Yes,it can save lot of resources so which is good for environment.The mining needs large amount of electricity but world has huge number of banks and their buildings were thousands of thousands so imagine if there is no bank we can save all those electricity and can save the environment too.And it also can human resource but it will be bad for the people who working on this sector but normal people it can save the banking fees and timing because we can do it our own in a matter of seconds.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: killerfrost on August 12, 2018, 11:36:39 PM I think bitcoin has an adverse effect on the environment. Because to dig a large amount of bitcoin, people have to use a lot of highly configurable computers, which consume a large amount of electricity in the world. Emissions from computers also pollute the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Shiro21 on August 12, 2018, 11:55:15 PM It is undeniable that bitcoin mining will consume energy consumption. Although, the amount of energy used is still far from the total amount of electrical energy used in the world today. But the reality is that Bitcoin mining does require electricity, this will indirectly also affect the currency and the environment.
From the level of energy consumption that has taken place in Bitcoin mining today, many hopes will be able to reduce the level of energy consumption. Especially in the Bitcoin mining process. Title: Re: Can actually Bitcoin be good for the environment? Post by: Clark05 on August 12, 2018, 11:57:30 PM Bitcoin can result bad and good to environment. But the purpose why bitcoin created is to help community ,people and all of us. It's people choise if they do this with bad way but that is wrong and not recommended.
Title: Re: Can actually Bitcoin be good for the environment? Post by: dgreat on August 13, 2018, 12:36:29 AM Bitcoin is really good for the environment in the sense that it has changed the livelihood of the people that invest in it. It has made millions of people self employed, added more income to the investors. Its transactions are very fast and time saving. In terms of security, you are protected because your wallet or account is mobile and portable you can move and monitor it from any where you are unlike the banking system carrying paper money in large bulk from one place to another which makes you not secured. I believe with these few points of mine bitcoin is actually good for the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: DisWhale on August 13, 2018, 12:45:19 AM Bitcoin is not harmful to the environment as some people regard it although Bitcoin mining consumes a lot of electricity. Bitcoin is all digital and does not require anything of the environment before its transaction is processed. With the electricity, there are a whole lot of industries across the globe which surpass Bitcoin mining when it comes to energy consumption.
Title: Re: Can actually Bitcoin be good for the environment? Post by: BLAST2MARS on August 13, 2018, 06:46:51 AM Yes because if we don't need to produce fiat anymore, we don't need to more cotton and linen everytime they want to make a new dollar bill. Bitcoin is very good because you don't have to harm mother nature when you need it and to able to transact it.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Dianafangki on August 13, 2018, 07:11:23 AM Yes because if we don't need to produce fiat anymore, we don't need to more cotton and linen everytime they want to make a new dollar bill. Bitcoin is very good because you don't have to harm mother nature when you need it and to able to transact it. bitcoin can also cut the budget to be more flexible, but the challenge of the global government is how to make active education for digital currencies that have extremely extreme fluctuations. this is an important problem because many people are not competent in stock assets. the stability of currency values is very important for them. Title: Re: Can actually Bitcoin be good for the environment? Post by: adadaorlina on August 13, 2018, 08:10:10 AM Yes, because this technology that we used to generate bitcoin whether you like it or not it can create many job opportunities and helps many people. I have heard that some platforms are also integrated into Blockchain Technology that is looking for ways to exploit it effectively and without harming our environment. But I don't think that Bitcoin has ever been the main reason of this.
Title: Re: Can actually Bitcoin be good for the environment? Post by: ZwodderLucas on August 13, 2018, 08:41:47 AM I think Bitcoin for the environment is a standalone form that only really affects the cryptocurrency market. There are people who are worried about using too much energy, which will consume the space that the environment has. That we can overcome in the future.
Title: Re: Can actually Bitcoin be good for the environment? Post by: renc77 on August 13, 2018, 09:20:12 AM I don't figure it would be that useful for the earth for the power utilization you specify, and that is just when discussing BTC which not every person will have the capacity to get their hands on. On the off chance that we discuss whatever remains of mined cryptographic forms of money then the harm is considerably bigger.
Moreover, what you allude to as futile work is what number of individuals pay their bills and bolster their families. What might these individuals do at that point? In the event that we are discussing the lower positions then they might not have the assets to teach themselves about crypto, so who might bolster them, the state? Title: Re: Can actually Bitcoin be good for the environment? Post by: Shadowblack on August 13, 2018, 09:26:12 AM Wouldn't the idea be that as bitcoin exists in parallel with banking and credit card systems, it takes more of their market share, and so as bitcoin uses more electricity, the credit card and banking sector would use less? So hypothetically, if bitcoin transactions replaced 50% (to pull a figure out of thin air) of credit card transactions, the electricity used in bitcoin transactions would rise massively, but the electricity used by cc transactions would halve?
Title: Re: Can actually Bitcoin be good for the environment? Post by: Shimmiry on August 13, 2018, 09:33:54 AM Maybe yes bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. Also the current banking system consumes too much electricity, I don't think that bitcoin transactions would take up that much of electricity so bitcoin can also reduce the amount of electricity used by the banking sector. This os so true. Using gadgets is part of the daily life of every person, therefore this is not burdern when you started using bitcoin as a form or medium of exchange. We can multitask. And also we can help to save our planet but reducing the usage of the natural resources. It is really good for the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: seanskie18 on August 13, 2018, 10:58:11 AM Yes, it's really good to our environment. Especially if all people supporting bitcoin. It has the ability or power to change the life of people to be better. It also helpful to those who are unemployed person. Many people don't have a job so by that they will have a work.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Wonderced on August 13, 2018, 12:17:02 PM yes many people help bitcoin and for that will good for the environment but many people we use to scam and many people did not know what to do and many people continue to scam other people.
Title: Re: Can actually Bitcoin be good for the environment? Post by: trauchot on August 13, 2018, 12:27:39 PM Bitcoin technologies are used for various purposes that help us to develop, namely for economics, science and for other various purposes that are very important for our daily living. So I think if it harm to us then it does not less than benefit.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Tranglietduong on August 13, 2018, 12:32:01 PM I don't think it would be that good for the environment for the electricity consumption you mention, and that is only when talking about BTC which not everyone will be able to get their hands on. If we talk about the rest of mined cryptocurrencies then the damage is even larger.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Delinquency on August 13, 2018, 12:33:23 PM I hate to say that but bitcoin never will be good for environment. Mining is still energy-hungry and it's obviously bad for our planet. I think we'll see sanctions by governments in near future. I can't foresee how it influence bitcoin price.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Gururapyco on August 13, 2018, 12:36:51 PM Put the mining farms into a warehouse surrounded by fertile land. Plant trees and other vegetation to provide a haven for wildlife. There you go - Bitcoin mining is good for the environment. :) It's a great idea but will be very hard to implement everywhere. People calculate their own benefit in the first place.Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity. Title: Re: Can actually Bitcoin be good for the environment? Post by: Bessta on August 13, 2018, 12:38:10 PM It cannot be denied that bitcoin uses much energy but technological advancement requires electrical energy and that we cannot separate. But i hope someday, environment-friendly sources of energy can be used for bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Underlord on August 13, 2018, 01:30:12 PM The phenomenon of bitcoin mining is indeed currently popular, but if you look at its impact on the environment, there are interesting facts that I know from several articles that I have read. At present the calculation of Digiconomist claiming Bitcoin's global mining activity spends 36.63 Terawatt-hours (TWh) of electrical energy as of December 31, 2017. On the same date, electricity use of Bitcoin is close to Bulgaria's electricity consumption figure. According to this estimate, every Bitcoin transaction generates 146.97 kg of carbon dioxide.
The relationship between Bitcoin and bad carbon dioxide emissions for the environment is formed because of the use of energy from coal-fired power plants by mining facilities (Bitcoin production through computational power) Bitcoin. From these facts it can be concluded that bitcoin mining does require a large electricity consumption, but I think the results will be worth the profit Title: Re: Can actually Bitcoin be good for the environment? Post by: Shafiqul Islam on August 13, 2018, 01:33:57 PM To make Bitcoin mining environment friendly we have to focus on renewable energy. We have to generate power from solar ,air and hydro. That's all. Yes bitcoin is friendly economic environment because it would reversible by Ethereum, USD, Bitcoin cash and other global currency easily.Title: Re: Can actually Bitcoin be good for the environment? Post by: regadly on August 13, 2018, 01:47:34 PM Progress does not stop. If you calculate all the changes associated with the technological revolution. The future will set everything in its place.
Title: Re: Can actually Bitcoin be good for the environment? Post by: soltantgris on August 13, 2018, 03:03:44 PM I've heard many times they're opinion and I support that only human is responsible to make the actions not bitcoin and not cryptocurrency itself is responsible, as any act of goodness and positiveness is respective to human.
Title: Re: Can actually Bitcoin be good for the environment? Post by: fianaindriati on August 13, 2018, 03:08:46 PM I've heard many times they're opinion and I support that only human is responsible to make the actions not bitcoin and not cryptocurrency itself is responsible, as any act of goodness and positiveness is respective to human. agree with your words, indeed everyone who has an opinion must also be responsible. because everything is seen from proof, not just speech. so need proof to be able to believe. Title: Re: Can actually Bitcoin be good for the environment? Post by: Impulseboy on August 13, 2018, 03:18:30 PM Comparing it to traditional banking system, bitcoin uses less electricity than the banks. Not only do they use electricity during business hours, but also those ATMs that are open 24/7. Cryptocurrency, on the other hand, do not take that much energy per transaction, which makes it better than traditional banking. Because it is paperless, the amount of electricity you will be using will be less.
Title: Re: Can actually Bitcoin be good for the environment? Post by: poptok1 on August 13, 2018, 03:21:08 PM I hate to say that but bitcoin never will be good for environment. Mining is still energy-hungry and it's obviously bad for our planet. I think we'll see sanctions by governments in near future. I can't foresee how it influence bitcoin price. I think that you may get surprised very soon as atomic fusion revolution is at our doorstep. That's why carbon tax was introduced, to milk people as much as possible, while we are still in dirty energy era. I really do hope that fusion is close and all our problems will be no more. As for today you are probably right, some stupid restrictions will be introduced.Comparing it to traditional banking system, bitcoin uses less electricity than the banks. Not only do they use electricity during business hours, but also those ATMs that are open 24/7. Cryptocurrency, on the other hand, do not take that much energy per transaction, which makes it better than traditional banking. Because it is paperless, the amount of electricity you will be using will be less. Good point mate. Eco-propaganda wants bitcoin dead.Title: Re: Can actually Bitcoin be good for the environment? Post by: RenzCoballes on August 13, 2018, 03:22:38 PM I believe that we can oversee it by doing some natural particular spots to mine bitcoin there, similar to some Forest out of the city research facilities in which we would store the majority of this GPUs and mine it there
Title: Re: Can actually Bitcoin be good for the environment? Post by: cryptolet on August 13, 2018, 03:36:08 PM I think if power supply is generated from solar or air then bitcoin mining can be friendly to the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: salnik73 on August 13, 2018, 03:39:51 PM how can bitcoin affect the environment in General? iron for mining can and can as the.
Title: Re: Can actually Bitcoin be good for the environment? Post by: BitcoinPanther on August 13, 2018, 04:15:28 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Well, they say that the first step to knowledge is acceptance of truth! Any activity that leaves a carbon footprint is deemed damaging to our environment. And with that truth, there's no arguing that bitcoin (and the mining process it involves) does pose a hazard to mother earth as it consumes much electricity to keep those nodes up for continuous transaction verification and recording. And as a general rule of acceptance, knowledge shall follow suit. That's why operating nodes try to be more energy efficient in many ways they could. Some are even studying which cryptocurrency is more energy friendly to mine. And some even suggested to move from proof of work to proof of stake to cut down the massive amount of energy spent in trying to validate a transaction (though we might see this first in altcoins much sooner than bitcoin). So i'm pretty sure that the hazard poised by bitcoin will soon be lessened (with fingers crossed). Title: Re: Can actually Bitcoin be good for the environment? Post by: .Bitcoin.talk. on August 13, 2018, 04:19:50 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Basically its environmentally friendly. Compare it to deep hole mining and literal mining. Also ASIC makes BTC mining more envi friendly Title: Re: Can actually Bitcoin be good for the environment? Post by: gohan21 on August 13, 2018, 04:38:47 PM The bitcoin is a good game and I do not have any problem with bitcoins because only investors have a problem with the bitcoin price right now.
Title: Re: Can actually Bitcoin be good for the environment? Post by: amber deposit on August 17, 2018, 05:57:34 PM Of course there are several alternatives that can help reduce the carbon footprint generated by bitcoin, although compared to the pollution produced by industries of similar value, bitcoin seems to be little harmful to the environment. It is true that perhaps the environmental factor was not taken into account when designing the creation of bitcoin, but it is also undeniable that bitcoin is in the process of decay and new altcoins less energy consumers will take its place.
Title: Re: Can actually Bitcoin be good for the environment? Post by: arienna23 on August 19, 2018, 06:41:51 PM You should have been more focus on other things that polute the environment rather than seeing bitcoin as a the one who polute the entire environment. Bitcoin mining doesn't contribute big energy consumption compared to banks that use a huge amount of electricity in their daily transactions.
Title: Re: Can actually Bitcoin be good for the environment? Post by: udidrone on August 19, 2018, 07:25:12 PM You should have been more focus on other things that polute the environment rather than seeing bitcoin as a the one who polute the entire environment. Bitcoin mining doesn't contribute big energy consumption compared to banks that use a huge amount of electricity in their daily transactions. i think almost all everything that need energy will not be good for environment. But, there are a lot of thing and project that use natural environment to do crypto thing like mining with solar panel, etc. It is better to develop something like that than compared everything that bad for environmentTitle: Re: Can actually Bitcoin be good for the environment? Post by: delphic on August 19, 2018, 08:04:36 PM Oh,before I speak about the hazards of mining bitcoin,let him first clean up the garbage Islands out of the ocean!There are many much more harmful things and industries than mining and blockchain technology.Yes, of course, a lot of energy is consumed.BUT this is not critical and ways to improve already in development.You just need to repurpose some devices so that they do not work in vain.Consumption will decrease in the near future.Compare how much old and new devices consume.New all energy saving.The same is waiting for mining.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Bonsaiav on August 19, 2018, 08:33:56 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Our ears may be familiar, with negative statements made by governments, politicians, or third parties who hate bitcoin. Bitcoin's one of the financial components that are hated by the government, it's very natural that they give a negative color to bitcoin, and how to procure it namely mining. I never thought, that bitcoin's bad for the environment because basically, bitcoin's just a media or digital device, that we can use, both as a payment medium and as an investment asset Title: Re: Can actually Bitcoin be good for the environment? Post by: hakertajniak on August 20, 2018, 03:09:32 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Bitcoin mining is not too affecting environment in a harmful way. Mining only need some resources like electricity, and just produce heat. cryptocurrency mining will stay good for environment unless there are some wrong way to generate electricity that producing harmful waste products. Title: Re: Can actually Bitcoin be good for the environment? Post by: BeGoods on August 20, 2018, 04:05:39 AM Comparing it to traditional banking system, bitcoin uses less electricity than the banks. Not only do they use electricity during business hours, but also those ATMs that are open 24/7. Cryptocurrency, on the other hand, do not take that much energy per transaction, which makes it better than traditional banking. Because it is paperless, the amount of electricity you will be using will be less. Yeah bitcoin is environmentally friendly, especially compared to cash/ physical money requires basic material from paper and if I'm not mistaken, paper is taken from tree wood and of course it's not good for the environment. whereas btcoin is on the internet network, which means wherever you are you can access it only with a gadget. I think it's already very good for the environmentTitle: Re: Can actually Bitcoin be good for the environment? Post by: liseff3 on August 20, 2018, 04:10:51 AM At the beginning of the launch, bitcoin is often ridiculed and insulted or underestimated by those who hate it. However, when virtual currencies have transformed into new investment instruments that are increasingly popular, bitcoin is often linked to acts of crime, money laundering, etc. Not only that mining activities too, often get scathing attention from various parties and they assume that bitcoin mining can adversely affect the environment and waste electricity.
A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? IMO, bitcoin doesn't adversely affect the environment just the opposite. Bitcoin has provided evidence to us, that it can improve the economy of a person by means and the ability of each, not even a few people who become new millionaires because of it. For me, bitcoin's better than conventional currency. Bitcoin mining activities are not the same as gold mining activities, because this activity only comes from electricity. I think if bitcoin miners are still able to pay for the electricity they consume this's a legitimate act and this's not detrimental. Title: Re: Can actually Bitcoin be good for the environment? Post by: zhelis74 on August 20, 2018, 04:33:39 AM Comparing it to traditional banking system, bitcoin uses less electricity than the banks. Not only do they use electricity during business hours, but also those ATMs that are open 24/7. Cryptocurrency, on the other hand, do not take that much energy per transaction, which makes it better than traditional banking. Because it is paperless, the amount of electricity you will be using will be less. Yeah bitcoin is environmentally friendly, especially compared to cash/ physical money requires basic material from paper and if I'm not mistaken, paper is taken from tree wood and of course it's not good for the environment. whereas btcoin is on the internet network, which means wherever you are you can access it only with a gadget. I think it's already very good for the environmentTitle: Re: Can actually Bitcoin be good for the environment? Post by: Ethan Argu on August 20, 2018, 04:42:00 AM Yes bitcoin can helped our enviroment by using digital payment we can no longer use paper money to buy things it can help in our enviroment. Build and organization that Save fund for enviromental activities.
Title: Re: Can actually Bitcoin be good for the environment? Post by: MUSFIKAR on August 20, 2018, 04:59:53 AM Yes, it is certain that Bitcoin is good for the environment. It does not have an adverse effect on the environment. Hopefully electricity consumption for mining Bitcoin has several effects on the environment. But we think that there must be restrictions on the use of mining and electrical energy every day.
Title: Re: Can actually Bitcoin be good for the environment? Post by: cryptoalfs76 on August 20, 2018, 05:00:46 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Actualy theres a lot of positive impact giving by the bitcoin to the economy,and one factors of this thats you stated is those project like electricity,mining,energy saving consumption and many others by creating many ICO project,they can cultivate a good outpout fo the economy by means of digital currency and someday,could create a cashless society. Title: Re: Can actually Bitcoin be good for the environment? Post by: semarmesem195 on August 20, 2018, 05:03:20 AM Maybe, because bitcoin has advantages like reducing crime like stealing. Because we all know bitcoin cannot be stolen by people, because cryptocurrency-related wallets have very guaranteed security.
Title: Re: Can actually Bitcoin be good for the environment? Post by: makanele on August 21, 2018, 11:09:14 AM The use of solar energy will be encouraged. Hence bitcoin can not target high power consumption and blame. When using too much power just to fill the energy required in mining is really worrying unless it uses a panel Very large solar power. Emitted energy is contributing to the greenhouse effect.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Andrea43Turner on August 21, 2018, 11:18:54 AM What makes you think Bitcoin is not good for the environment? Did the hasty development of electronic technology affect the environment?
Title: Re: Can actually Bitcoin be good for the environment? Post by: TheCoinGrabber on August 21, 2018, 11:22:18 AM You probably heard about mines that got shut down in China for taking advantage of the cheap coal-powered electricity. I would say Bitcoin is only as "dirty" as the energy source used to mine it.
If you used green energy to mine it, then it too is green. Forgot the exact link but there were people planning to mine somewhere near the Arctic and use the residual heat from the miners to warm houses. If that is done in Norway then better since they get their electricity from geothermal plants. Title: Re: Can actually Bitcoin be good for the environment? Post by: efxtrader on August 21, 2018, 12:13:12 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? I dont believe bitcoin bad for environment. Electricity consumption for mining bitcoin is not more 3% from total consumption. People feed with negative news about bitcoin and we should read right data. Beside that, right now many alternative energy we can use for bitcoin mining Title: Re: Can actually Bitcoin be good for the environment? Post by: rudox on August 21, 2018, 12:21:28 PM So long as majority of this mining are done with fossil energy which deplete the ozone layer still remain inimical to the environment. Until there will be an alternative energy source that will be used for the mining that will not harm the environment then it will the best and this will shift attention from bitcoinand other cryptocurrencies. Miners can exploit the solar source or wind.
Title: Re: Can actually Bitcoin be good for the environment? Post by: pinoyden on August 21, 2018, 12:22:37 PM ~ snip ~ I dont believe bitcoin bad for environment. Electricity consumption for mining bitcoin is not more 3% from total consumption. People feed with negative news about bitcoin and we should read right data. Beside that, right now many alternative energy we can use for bitcoin mining i agree on the last two paragraphs you said above but i wont agree on the first part because eletctric consumption caused by mining is not only 3% or below . miner are powerful types of hardware in order for them to be effective as much as possible and with that said , do you think they will only consume less electricity? I guess not . Also , using other types of energy like solar , wind , water , etc is not really beneficial because the power that you will get is only small and not as powerful as a real miner . Title: Re: Can actually Bitcoin be good for the environment? Post by: pangitkaayo on August 21, 2018, 12:22:48 PM Bitcoin is good and bad for the environment. Bitcoin's benefits, such as making payments more efficient and helping people escape inflation, outweigh the environmental toll. And in terms of a good environment i think in some way bitcoin can be good for the environment we don't need to use so much paper which are made of trees and other stuff but also there are some parts of bitcoin that can't be good for the environment. For example, Bitcoin consumed so much of energy and it is not good for environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: SneakyLady on August 21, 2018, 12:42:09 PM The more digitized the world becomes, the less strain will be put on concrete resources. The entire movement is hugely beneficial for the environment. Also, more wealth in the hands of the public means more people with the power to make meaningful changes.
Title: Re: Can actually Bitcoin be good for the environment? Post by: francesyrus on August 21, 2018, 01:06:50 PM Put the mining farms into a warehouse surrounded by fertile land. Plant trees and other vegetation to provide a haven for wildlife. There you go - Bitcoin mining is good for the environment. :) Even better if they convert the energy stored in all the discarded plastic bottles that are everywhere. They could use this to generate electricity. Very good idea mate having a mining farms with lots of trees and vegetables surrounding it. They must also put up a solar panel so that they can save electricity bills and use the renewable energy. Title: Re: Can actually Bitcoin be good for the environment? Post by: Bitcoinislife09 on August 21, 2018, 01:14:29 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? I believe it is not. Bitcoin is being done only at home or anywhere you are. You don't need to travel and spend for commuting or filling your gas tank. If it is about the electricity being consumed, there are lots of alternatives already present as of this days. The natural energies and inventions like the use of salt with water etc being introduce are just some of it. Since it is also digital, man power is not needed. There are no more works, salaries and time needed to use. Title: Re: Can actually Bitcoin be good for the environment? Post by: GeorgiyBilyk on August 21, 2018, 07:45:51 PM bitcoin and the whole crypto system changes the world economy and the whole world! I observe how a lot with the help of ico appeared companies! these companies are engaged in the global ecology and the environment! if there were no such possibilities of collecting money, then perhaps such companies did not appear at all!
Title: Re: Can actually Bitcoin be good for the environment? Post by: Saldom12 on August 22, 2018, 05:34:31 AM Maybe it can, because bitcoin transactions don't use paper. They use blockchain technology or online transactions that need internet.
Title: Re: Can actually Bitcoin be good for the environment? Post by: ParveZ219 on August 22, 2018, 06:09:21 AM It is good for environment because paper money needs trees but cryptocurrency only needs only internet for transaction.....So its totally green...So its not harmful for environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Sandijoee on August 22, 2018, 06:57:11 AM I think that might be possible, because bitcoin is not like banknotes that do not pollute the environment. Bitcoin is electric money and money online, so if you want to trade bitcoin it must need internet.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Jofel on August 22, 2018, 07:25:38 AM It is. Cryptocurrency is much better than using paper bills. We don't need to cut trees anymore. Also, we won't need any documents to keep on reproducing. We'll use less ink, papers, and time as well. It would be a lot easier if we're going to invest in bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Fretcy on August 22, 2018, 07:33:35 AM Bitcoin is one of the popular cryptocurrency that was created in the year 2009 by an unknown person named Satoshi Nakamoto .Bitcoin is a decentralized currency that we can use free of any government and central banks and there is no evasion of taxes some economist claim that mining Bitcoin takes more energy from electricity and causes the pollution for the environment so they say it is not good ..Some critics says that China uses more power to mine Bitcoin and China relies on coal to produce power burning of coal produces carbondioxide .
Title: Re: Can actually Bitcoin be good for the environment? Post by: beniesyde on August 22, 2018, 08:05:23 AM The use of bitcoin in particular and crypto currency usually requires a significant amount of power, so it also affects some of the conditions. Perhaps bitokoyn is really good for the environment, for example, if we stop using paper bills, we can save a lot of trees, there is one point about how bikoyn can be useful for the environment. In addition, the current banking system consumes too much electricity.
Title: Re: Can actually Bitcoin be good for the environment? Post by: St4yInTh3D4rk on August 22, 2018, 08:16:03 AM For the people who say bitcoin mining consumes lot of electric power,imagine that we have how many banks all around the world and all of them using how much electricity for their comuters airconditioners and other facilities,do you know how much amount of CFC produced by ACs every year which is the major reason for the depletion of ozone layer if we have crypto currency system we don't need all those banks which can helpful to have great environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: RohiGabriel12 on August 22, 2018, 08:24:32 AM It may not directly affecting the environment but the the consumption of electric power because of the use of technology is somehow negatively affevting our environment. Also, it affects our health because of too much radiation from laptop, computers and cellphones.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Agnusdei12 on August 22, 2018, 08:32:49 AM It is not somehow, because of the consumption of electricity it has a negative effect also. Though probably, lesser than the common source of pollution but still, it has and indirect negative effect. On the other hand, it is a good thing that it can lessen the use of paper because it is a cashless source of payment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Remainder on August 22, 2018, 08:44:04 AM For me it is not good for the environment or it can add to our problem in global warming because bitcoin mining hardware's consume too much of our electrical energy and it produce too much heat, i think miners will used alternative ways to cut this problem in the future.
Title: Re: Can actually Bitcoin be good for the environment? Post by: spadaccino on August 22, 2018, 08:45:34 AM Definitely not for the enviroment.
Unless they change the way to mine it and seitch to PoS or something more green you can't sat something like that. It was an issue at the beginning and it continues to be. There are too many aspects to consider and many factors that can cause the end of profittability for miner. Title: Re: Can actually Bitcoin be good for the environment? Post by: Bezobraznike on August 22, 2018, 09:00:39 AM With renewable sources of energy and popularization of this sources of energy I think Bitcoin will be good for environment like all other things that
needs electricity. World still doesn`t know how to use all the energy, despite the hype around the progress of renewable energy, many people don’t realize that solar and wind have only made a tiny dent in the energy mix thus far. The good news is that costs are coming down and many people are starting to adopt green technologies, but there is still a mountain to climb if we want to truly get off of fossil fuels on a large scale. There is a need for cheap, renewable energy with simple solutions. With development of human technologies we will come to this too, I don`t worry about it. Hype that`s been made about energy serve for big companies to earn a lot of money from selling energy to people. Title: Re: Can actually Bitcoin be good for the environment? Post by: Donationcoin on August 22, 2018, 10:19:33 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". People are the only responsible for the environment so they can use blockchain technology to Affected positively but bitcoin itself has nothing to do with environment.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: luffyzxc on August 22, 2018, 10:53:40 AM Yes i will, because there so many people around the world helped by bitcoin, and bitcoin is nice project they help environment to upgrade and to grow the world system, and a lot of life of people help by bitcoin they all successful in their life by bitcoin, i want to thank bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: KeepupSlim on August 22, 2018, 06:08:44 PM I think the questin is asked a bit wrong. Bitcoins themselves don't have any input on our environment if we're talking about nature. Minig of bitcoin is what may couse some bad effects.
Title: Re: Can actually Bitcoin be good for the environment? Post by: xWolfx on August 22, 2018, 06:43:38 PM I want to reply here even after so many answers because this is a wonderful topic.
What you are saying here is the actual state of affairs related to Bitcoin. What we need to pay more attention to is how the future can be when utilizing this technology for everyday transactions. I still believe that Bitcoin will NOT replace fiat currency, people will be able to choose what they want to use. As soon as mining is finally over, all that electricity consumption will be reduced substantially. Problem is, a lot of machines will be dumped - But they can also be recycled. Then the truly green era of Bitcoin would start. Also, as electric companies move to more clean energy sources the effect will be really impressive. However, citizens need to continue pushing for it to happen. Title: Re: Can actually Bitcoin be good for the environment? Post by: zarintasnim on August 22, 2018, 06:54:28 PM Yes bitcoin is good for environment. Bitcoin has no negative impact of environment. Other in banking sector use lot of electricity they have negative impact of environment. Bitcoin have lot of good side and they help grow many system in environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: kolsernik on August 22, 2018, 07:02:41 PM Bitcoin will soon reach the stage that its production will be carried out completely with the help of alternative energy sources.It seems to me that comparing the energy that is spent on bitcoin mining and the energy spent by a person in the office is somehow illogical
Title: Re: Can actually Bitcoin be good for the environment? Post by: itzura on August 22, 2018, 07:14:00 PM that bitcoin is not needed to be present in physical form (such as fiat money) that proves bitcoin does not need to spend paper and metal which of course will consume natural resources in the form of trees and metals. That is another point of bitcoin that is good for the environment,
Title: Re: Can actually Bitcoin be good for the environment? Post by: Voidcrafter on August 22, 2018, 07:16:02 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Mining bitcoin may not create the environmental conditions around. Machines and computers create a lot of warmth. And warmth need somewhere to use, but where you ask. This is the question you need to think about to get an eco-friendly product from bitcoin mining.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: maloibtc on August 22, 2018, 07:43:26 PM I think that btc can be good for the environment but I am not sure that I know how exactly and when it will become like this. As for me, this is the best way to trade, I don't know how else to use btc
Title: Re: Can actually Bitcoin be good for the environment? Post by: SilverCup08 on August 23, 2018, 04:23:48 PM I would not say that it's completely good for the environment but it does lesser harm than actual physical currency. For one, it does not require printing versus physical currency. What is used for printing. Papers, right? Where do papers come from? The trees!
Title: Re: Can actually Bitcoin be good for the environment? Post by: Catch-22 on August 23, 2018, 05:52:30 PM Bitcoin does require a lot of electricity. But the benefits far outweigh the disadvantages. And besides, renewable energy can be utilize to minimize the negative effect of bitcoin into the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: ngocdhbk2 on August 23, 2018, 06:14:56 PM The energy consumed for Bitcoin mining is small compared to traditional work. The pollution caused to the environment is very small. Tapping requires large amounts of electricity but the world has a large number of banks and their buildings are countless, if there is no bank, we can save all the electricity and can save the environment. Normal people will save bank fees and time because we can do it ourselves in seconds.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Ompyon on August 23, 2018, 07:36:40 PM Bitcoin does require a lot of electricity. But the benefits far outweigh the disadvantages. And besides, renewable energy can be utilize to minimize the negative effect of bitcoin into the environment. That's right, especially now that there are many environmentally friendly energy, such as using solar energy for example, all parties must have thought about this problem, that's why they always try to always improve the situation, with new findingsTitle: Re: Can actually Bitcoin be good for the environment? Post by: threegods on August 27, 2018, 12:33:17 AM The traditional bitcoin mining does waste a lot of resources, but with the current mining methods of other altcoins changing, the loss of resources is not as exaggerated as bitcoin. But its still good for the environment if ammended
Title: Re: Can actually Bitcoin be good for the environment? Post by: Vincemanam21 on August 27, 2018, 02:43:24 AM Bitcoin will never affect the environment.but the process of having it like mining affects it because it uses high consumption on energy..
Title: Re: Can actually Bitcoin be good for the environment? Post by: Oggy Pogi on August 31, 2018, 10:58:51 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Then start finding or sourcing out an alternative source of electricity such as putting mining farm in an open field in which they can cater establishing a solar panel farm just to sustain their environmental source of electricity so that they will not have to use that much of their money paying for a large electricity bill to support the operating power for mining of Bitcoin. Also, there are already lots of sources that have already proven and tested in which I think thry can already afford to purchase for the reason that it is also for their own sake.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: killerfrost on August 31, 2018, 11:26:21 PM I think bitcoin is not good for the environment. Bitcoin has consumed a lot of energy. Using computer to dig up bitcoin has consumed a large amount of electricity in the world.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Piranha1 on September 01, 2018, 01:03:33 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? No i don't think so. Even without bitcoin the world is already changing to a compiter technology. Even the small children or even infant uses electricity for their gadgets. Bitcoin is just a part of this technology. Its the plastic waste that are causing harm to our environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: bellator66 on September 01, 2018, 01:08:07 AM bitcoin is a good project they help the environment to improve and grow the world system, and many of the lives of those who are helped by bitcoin are all successful in their lives by bitcoin, I want to thank bitcoin.
because there are so many people around the world who are helped by bitcoin, Title: Re: Can actually Bitcoin be good for the environment? Post by: Hiru941126 on September 01, 2018, 01:14:19 AM Yes, because we do not handle the transactions with the paper bills we are saving trees.
Title: Re: Can actually Bitcoin be good for the environment? Post by: jamota on September 01, 2018, 01:19:09 AM Machines and computers create a lot of warmth. And warmth requires a place to use, but where do you ask. This is the question you need to think about to get environmentally friendly products from bitcoin mining.
Bitcoin mining may not create environmental conditions. Title: Re: Can actually Bitcoin be good for the environment? Post by: iMark on September 01, 2018, 01:35:49 AM I think bitcoin is not good for the environment. Bitcoin has consumed a lot of energy. Using computer to dig up bitcoin has consumed a large amount of electricity in the world. At least it is more friendly than cash, electricity does not have a big adverse impact on the environment, while cash from paper materials is made from wood-based materials and of course it's not good for the environment, with digital we save trees Title: Re: Can actually Bitcoin be good for the environment? Post by: DoublerHunter on September 01, 2018, 03:26:31 AM It will be good for the environment if they will be having bitcoin because bitcoin is not just all about the money or profit that you can make with bitcoin because you can also take advantage of the technology called blockchain where you can implement it to have a faster and more AI based system that can help to make a better version of our environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Sealis on September 01, 2018, 03:50:11 AM Everything and anything can be good and bad to the environment. Its just how the way we manage it can this idea change. The huge usage of electricity of mining of btc right now is huge sure, but improvement can never come without sacrifices. There should come a time where mining could get an alternative or it could manage to improve itself where it uses less resource.
Title: Re: Can actually Bitcoin be good for the environment? Post by: denzkilim on September 01, 2018, 03:56:08 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? No i don't think so. Even without bitcoin the world is already changing to a compiter technology. Even the small children or even infant uses electricity for their gadgets. Bitcoin is just a part of this technology. Its the plastic waste that are causing harm to our environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: Ridwan Fauzi on September 01, 2018, 03:57:35 AM As a new technology system will definitely have positive and negative impacts, yes I agree to someone who says bitcoin consumes large amounts of electricity and that has never existed before, but this will end considering the number of bitcoins that have not yet been mined will be completed in 2021, this indicates after 2021 the use of electricity will return to normal. However, you have to look at the positive side that will be generated with bitcoin, as a simple transaction system and can also be used as an investment and trading system that will provide benefits for its users, and of course this will continue to exist even though bitcoin is finished in the mine.
Title: Re: Can actually Bitcoin be good for the environment? Post by: taivan11 on September 01, 2018, 04:09:08 AM I dont think bitcoin is being more good than being bad to the environment since mining bitcoin require a lot of energy.
Title: Re: Can actually Bitcoin be good for the environment? Post by: adjong on September 01, 2018, 04:41:17 AM for me it's good to have a bitcoin either because if we use the payment for everything we buy is bitcoin we will not use paper money to prevent it from garbage that will spread to our environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: TANGERE on September 01, 2018, 04:48:43 AM Bitcoin has nothing to do with condition. Power-plants are the individuals who contaminate the earth not bitcoin. So on the off chance that we go to more earth well disposed methods for making electric power, we will have issue unraveled. Bitcoin ranches don't require excessively space, additionally that space around it could be utilized for delivering electric power for that mining ranch. Place some sun oriented boards or some breeze turbines and there you go. Everybody glad. Just individuals that need to see bitcoin fizzle will state that bitcoin is awful for control industry...
Title: Re: Can actually Bitcoin be good for the environment? Post by: wasdconcac on September 01, 2018, 04:52:30 AM Depending on how we use them, so be a truly smart investor that takes full advantage of the bitcoin exploit. This is a very secure environment, and the only mistake is coming from the user so still. Be careful in dealing. Risk can always happen and how we see it. So I have the opposite question whether this environment is good enough for you?
Title: Re: Can actually Bitcoin be good for the environment? Post by: kauban2018 on September 05, 2018, 08:31:33 PM Actually Bitcoin can still be good to the environment if people will just think positively and consider the good and bad side of the business. People must not just think for their oen sake but to others as well. They should be fair in all other aspects.
Title: Re: Can actually Bitcoin be good for the environment? Post by: OSYA on September 05, 2018, 09:14:01 PM The positive thing about a bitcoin that it is a digital coin. Comparing with the regular money it doesn't require printing that saves trees, energy, and human labour. Doesn't look that bad to me. The environment benefits with a bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Zabzab9 on September 05, 2018, 09:18:22 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? I think Bitcoin cannot produce or contribute to the environmental issue. However, Bitcoin procedures considered as one of the sign about industrialization and modernization but its development only done inside the internet. Thus, Bitcoin operation is rather really helpful for our environment. As the digital currency continues to improve the internet as the field of knowledge, it allows to generate informations about protecting the nature. Also, the budgets produced by this procedures may also contribute to the maintenance of our natural world. Title: Re: Can actually Bitcoin be good for the environment? Post by: killerfrost on September 05, 2018, 11:59:26 PM Are not. I think that bitcoin is bad for the environment. Exploitation, bitcoin trading has consumed a large amount of electricity in the world. The bitcoin extraction causes the temperature to heat up.
Title: Re: Can actually Bitcoin be good for the environment? Post by: cahbagus555 on September 06, 2018, 12:59:26 AM I am always thinking, bitcoin can be good for environment. Electricity capacity used for bitcoin is not more than 3% from total capacity and i am believe bitcoin dont give bad effect to environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: Gogosialver on September 06, 2018, 02:11:42 AM Bitcoin can affect the environment in the sense that it need to use so much energy when you are mining Bitcoin. In my own opinion it can be good also in the future if all people will use digital currency like bitcoin instead of cash.
Title: Re: Can actually Bitcoin be good for the environment? Post by: amber deposit on September 10, 2018, 08:56:40 PM Can not the current banking system use more electricity than Bitcoin. Proof of work does not necessarily mean "wasted" electricity - important for security - but does not pretend electricity is not used. Miners are increasingly adopting alternative energy sources to exploit to limit the environmental impact of bitcoins. Like mining and other sources of energy generate radiation.
Title: Re: Can actually Bitcoin be good for the environment? Post by: gusnulyadi on September 10, 2018, 09:32:35 PM Yes, it can be ascertained that Bitcoin is good for the environment. It does not have an adverse effect on the environment. Hopefully providing electricity for mining Bitcoin has several effects on the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Violettochka on September 10, 2018, 10:08:13 PM It's an interesting question because it has many sides and opinions. I think apart from mining (because of usage of electricity) BTC can really help people with solving environmental and social problems.
Title: Re: Can actually Bitcoin be good for the environment? Post by: winterland on September 11, 2018, 12:59:11 AM Many people are worried about that but one thing that you need to consider is that technically everything is bad for the environment, every single industry in the world is bad for it, what we really need to ask ourselves is if bitcoin is worth the degradation of the environment? And taking into account that bitcoin is the best currency in the entire world I'll say that yes it is worth it.
Title: Re: Can actually Bitcoin be good for the environment? Post by: KonstantinosM on September 11, 2018, 01:03:03 AM Bitcoin can be net positive for the environment. Banks are much worse, for a lot of reasons.
Here is my reply from a similar topic, the question was if bitcoin uses too much energy. No matter how much energy is used for Bitcoin miners, the electricity bill will still be paid by the miners to the state, and there is nothing wrong with this. this news is really exaggerated by some people, because if compared to factories, Bitcoin mining is not comparable, factories use more energy but people never realize that, I think some people want to make Bitcoin look bad. You are dead wrong. It does matter a lot. Doesnt matter, who pays it - in production cost is too high, its pointless to produce it (once pump&dump is over) and it will be abandoned. If the price decreases, it won't become pointless to mine. All miners have a different cost base. Miners whose cost of electricity is very high will stop mining. The difficulty of finding blocks will adjust (decrease) and life will go on. Variations in price will definitely not decide the future of Bitcoin as a currency and as a network. You dont get it, because You think in short term. Halvening lessens reason to do mining exponentially. After 2 halvenings from now on, mining would become pointless EVERYWHERE in world. They also cant hide the cost of mining into transaction fees any further, which are already about 5 times higher, than average stock exchange rates. By the way: if BTC really became a money, it would happen even faster. But dont worry, it wont... so You from technical point of view You have few years of pump and dumping left. I doubt it goes for economical point of view too tho. Well, none of you are quite right. While it matters how much electricity is used, bitcoin is a net positive for our electrical grid, using energy that would largely be wasted. If the electricity is produced by conventional and dirty means (coal and gas fired plants, nuclear) then we're always overproducing (because we can't just open up a half factory, and we always have to overbuild for population and energy usage growth) The electricity will most likely be generated anyway, so we might as well use it. If a lot of people start using a lot of electricity, prices are going to go up, bitcoin mining farms are not essential so they will shut off and people around the world, with cheap electricity are going to ramp up their hashrate. If the electricity is green, bitcoin is actually subsidizing green energy (an argument Andreas Antonopoulos has made). The infrastructure to either store or transport the electricity away is usually beyond the budget of alternative energy. The solar panel is going to produce anyway, whether you can store it or transfer it away or not. And if you can't store it or sell it, bitcoin gives you another option to make money with it. This also applies to homeowners who aren't allowed to sell their electricity. Therefore bitcoin subsidizes green electricity. As Andreas Antonopoulos put it "So you're telling me we've been running a green-coin all along?" Finally there are plenty of reasons to mine after the mining reward from new coins falls to practically 0, the mining fees and also just to keep the network secure. We are all stakeholders after all. The less mining pools, the more you get out of those transaction fees. If bitcoin becomes huge, the reward may be even bigger than it now is (in terms of real world value rather than bitcoin (purchase power)). Title: Re: Can actually Bitcoin be good for the environment? Post by: hotBriX001 on September 11, 2018, 01:03:41 AM It's an interesting question because it has many sides and opinions. I think apart from mining (because of usage of electricity) BTC can really help people with solving environmental and social problems. I think bitcoin is invironment friendly because it doesn't involves garbage, pollution or any cases that can be destroyed to our nature. What bitcoin industry mostly involve is true internet and online works which are invironment friendly to every people who are willing to dealt with. Title: Re: Can actually Bitcoin be good for the environment? Post by: mornabo on September 11, 2018, 01:41:55 AM Are not. I think that bitcoin is bad for the environment. Exploitation, bitcoin trading has consumed a large amount of electricity in the world. The bitcoin extraction causes the temperature to heat up. electricity is not a bad resource, although it is not good for the environment but the influence of electricity is very helpful for anything, after all there will be new discoveries of how to make electricity environmentally friendly so that when you use electricity to access bitcoin, it won't be bad for the environmentTitle: Re: Can actually Bitcoin be good for the environment? Post by: markint on September 12, 2018, 04:44:45 AM Of course there are several alternatives that can help reduce the carbon footprint generated by bitcoin, although compared to the pollution produced by industries of similar value, bitcoin seems to be little harmful to the environment. It is true that perhaps the environmental factor was not taken into account when designing the creation of bitcoin, but it is also undeniable that bitcoin is in the process of decay and new altcoins less energy consumers will take its place.
Title: Re: Can actually Bitcoin be good for the environment? Post by: dimbaba on September 12, 2018, 12:04:13 PM It is true that perhaps the environmental factor was not taken into account when designing the creation of bitcoin.In my own opinion it can be good also in the future if all people will use digital currency like bitcoin.
Title: Re: Can actually Bitcoin be good for the environment? Post by: cryptonewsID on September 12, 2018, 01:26:11 PM I think maybe it can, because bitcoin is money online and can be an asset to invest. And there is no paper model that makes the environment not good. bitcoin is very good for the environment, and there is no pollution, but for noise in mining it must also be completely closed so there is no noise pollution.Title: Re: Can actually Bitcoin be good for the environment? Post by: Froy on September 12, 2018, 01:28:14 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". I think, of course, it can be useful for the environment, because it is financially, it can manifest itself as a good kind of initiative, and something like that, the coin is getting closer to the management.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: shesheboy on September 12, 2018, 01:34:16 PM I think maybe it can, because bitcoin is money online and can be an asset to invest. And there is no paper model that makes the environment not good. bitcoin is very good for the environment, and there is no pollution, but for noise in mining it must also be completely closed so there is no noise pollution.not only noise pollution but also mining wastes alot of electricity or energy , so imo bitcoin is not good for the environment . bitcoin might be only good for the economy of the country because it is helpful for making our live more easier in terms of payment purposes , however altcoins are the ones that is being used for payments due to thier low fees and faster processing . altcoins are mostly suitable for investing or trading because they are more cheaper and can be boughtable as when compared to bitcoins , so altcoins must also take the credit . Title: Re: Can actually Bitcoin be good for the environment? Post by: iqlimasyadiqa on September 12, 2018, 01:38:15 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". No, in the beginning bitcoin had to be produced from various processes that needed energy and that could make bitcoin have a price value. the result is that now bitcoin has a price that was not predicted 9 years ago. bitcoin is at a very good performance and when compared to paper money bitcoin has things that are much more environmentally friendly. we talk about the future and it's proven that bitcoin has the capability as a digital financial system that is trusted by many people.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: FlightyPouch on September 12, 2018, 01:41:15 PM I don't know why many people say bitcoin is not good currency. I think bitcoin now digital currency. It's popularity increase day by day. Bitcoin now good for environment I don't think that is the word or term to be used there. Environment are everything around us might be living or a non living thing, I guess the word really here is not environment but the economy of a country. Currency is not really helpful in our environment since it is just a piece of metal and paper given a value by the government. It is helpful as an investment but not in the environment. Title: Re: Can actually Bitcoin be good for the environment? Post by: tuturutmunding on September 12, 2018, 01:48:41 PM can it or not or not. it all depends on the user maybe if it is used as a transaction and investment tool that can help people in doing business of course it will have a good impact on the economy while with a stable economy it will also have a good impact on the environment. and vice versa if bitcoin is used in negative matters such as funding terrorism and money laundering, it will have a negative impact on the environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: BALIK on September 12, 2018, 02:27:03 PM Bitcoin is probably never going to be GOOD for the environment, but it can be better than the VISA system which is currently the gold standard. We need to see a switch from POW to POS to see less of the energy burden though, as right now using 1% of the worlds energy supply (dubious I know) is certainly not contributing towards a stable environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: sarungmen on September 12, 2018, 03:07:34 PM if this comparison is the same in my opinion, even though I agree more that saying bitcoin is more profitable and more energy efficient, because in my opinion bitcoin does not need to take place, infrastructure, facilities and accommodation for employees who all come from nature and are very detrimental in long-term
Title: Re: Can actually Bitcoin be good for the environment? Post by: player1001101001 on September 12, 2018, 03:09:59 PM Bitcoin mining completely depends on electricity. And we can produce the electricity with the use of natural resources. So it's completely fine. Bitcoin mining doesn't affect the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Najam11 on September 12, 2018, 03:12:10 PM Yes why not I see bitcoin changed to solar powered so the future is quit bright side let's it happen
Title: Re: Can actually Bitcoin be good for the environment? Post by: missyqt29 on September 12, 2018, 03:23:27 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? For me yes, because I think if the bitcoin use by the people in their country their economy rises up. I think if all the government are support the bitcoin all of the economy of all country are rises up and no one experience poverty. Title: Re: Can actually Bitcoin be good for the environment? Post by: bsce1-1 on September 12, 2018, 03:31:13 PM Actually yes, it can help through environment by for the people who does not have a job so that bitcoin can provide such a work for their to earn digital money or real money, they may be help through transaction country to country with no payment and also they does not need some effort to go in a branch (that have money transaction) in short effortless transaction. And lastly, it extremely help to the environment and also in government by they can impose a tax on such a task, for how much we have the budget for a country to grow or develop.
Title: Re: Can actually Bitcoin be good for the environment? Post by: BitcoinPanther on September 12, 2018, 03:33:22 PM Bitcoin is probably never going to be GOOD for the environment, but it can be better than the VISA system which is currently the gold standard. We need to see a switch from POW to POS to see less of the energy burden though, as right now using 1% of the worlds energy supply (dubious I know) is certainly not contributing towards a stable environment. There's really a lot of sense there BALIK. Since miners compete with each other to confirm a transaction with POW (or Proof-of-Work), the process is so intensive and requires a lot of computing and of course, consumes a whole lot more of power. But should transaction confirmations be on a POS basis (or Proof-of-Stake), the intensive demand of computing is lessen since confirmation is to be distributed among miners in the blockchain. This lessens the competition and in turn lessens power consumption too. Perhaps this is already under consideration within the system of bitcoin and hopefully the change in consensus proceedings will contribute a lot for bitcoin to be more eco-friendly. Title: Re: Can actually Bitcoin be good for the environment? Post by: kuto on September 12, 2018, 03:41:58 PM bitcoin for the environment actually doesn't have a bad impact it will make it better and can share experiences and knowledge . I don't know what are you trying to ask buddy, but if I understand you correctly you are asking if bitcoin is good for the environment or not. My answer would be not. Bitcoin has nothing to do with the environment but there are projects that involves in conserving the environment and its in the crypto market. Bitcoin in the other hand help each individuals to earn more and extra fro their family crypto currency market.Title: Re: Can actually Bitcoin be good for the environment? Post by: erikoy on September 12, 2018, 03:49:28 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". Yeah of course it could lessen the damage of fiat money if bitcoin will be taken as an alternative form of payment and in that way the resources and the raw materials that fiat money will be made will be conserve due to minimal damage on it as bitcoin will take as an alternative form of payment. And i think there are many advantages here with bitcoin yet there are also disadvantage of using it. Either way all in all i believe that bitcoin will do good on environment. To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: bajigur894784 on September 12, 2018, 03:53:40 PM Well, many say that Bitcoin is bad for the environment, and what's worse, some say that, if Bitcoin's energy use continues to grow at the same rate, Bitcoin will use all of the world energy.
I think they are too paranoid. because Bitcoin can be good for the environment, why is that? The answer is simple because Bitcoin mining has driven the growth and development of renewable energy. Mining is about maximizing the amount of hash per kW of electricity. At present, the most efficient way to produce the highest hash / kW is through the use of solar energy and hydro-electricity, because it is the cheapest way to generate electricity. If Bitcoin continues to grow, the demand for solar energy will increase as people rush to find cheaper ways to generate power. In addition, renewable energy sources sometimes produce surplus electricity. Burning part of the excess electricity to mine Bitcoin will offset the cost of running a renewable energy source, making it even more efficient. I believe in this theory because Bitcoin Miners will make the most energy-efficient mining for large profits. Title: Re: Can actually Bitcoin be good for the environment? Post by: treatWy on September 12, 2018, 04:16:03 PM Environment is good to bitcoin but bitcoin is good not to just to environment but also into the people lives. Nowadays, it is not yet well know all over the globe for some doesn't like this new trend of cryptosystem. However, in due time everything will be alright due to its demands and wants.
Title: Re: Can actually Bitcoin be good for the environment? Post by: erikoy on September 12, 2018, 04:19:16 PM I think there are things that bitcoin needed to address like the power usage of the GPU's that is use to mined bitcoin during trading and transactions. Though we know that bitcoins has a lot of benefits especially on those ICO projects that are now working and being realize that benefited the community the problem with mining will be hopefully address. I suggest to find another means to mine bitcoin or confirming transactions without using those power consuming GPU's.
Title: Re: Can actually Bitcoin be good for the environment? Post by: amber deposit on September 16, 2018, 08:23:20 PM It is undeniable that bitcoin mining will consume energy consumption. Although, the amount of energy used is still far from the total amount of electrical energy used in the world today. But the reality is that Bitcoin mining does require electricity, this will indirectly also affect the currency and the environment. From the level of energy consumption that has taken place in Bitcoin mining today, many hopes will be able to reduce the level of energy consumption.
Title: Re: Can actually Bitcoin be good for the environment? Post by: sari_ on September 16, 2018, 08:30:49 PM actually bitcoin is very good for the environment bro. it can even provide opportunities for the poor to become millionaires in the near future. and reduce the number of unemployed bro .
Title: Re: Can actually Bitcoin be good for the environment? Post by: Kris34 on September 16, 2018, 08:56:49 PM Every day we spend a lot of energy on the Internet, why then they do not write about it. In fact, this is the same thing, because servers consume a lot of energy.
Title: Re: Can actually Bitcoin be good for the environment? Post by: tsinelas on September 16, 2018, 08:57:43 PM Yes I think mining is bad enough for the supply of electricity available on earth, I do not really understand about the science. But I think there should be restrictions on mining and electricity usage every day. Maybe the government can find the best solution about it. Can't we not move now??Move for the good of everything? If Bitcoin mining is consuming 10% of power that can be used in a more productive way, and we all know that we can do something on it why are we here just saying all those thing and not do it? Title: Re: Can actually Bitcoin be good for the environment? Post by: Mihail.B on September 16, 2018, 08:58:46 PM You can stop churning out the weapons, and redoing all the factories under the mining farm. And the fact that we will leave the Fiat currency , will save the forest.)
Title: Re: Can actually Bitcoin be good for the environment? Post by: bjmpoker001 on September 17, 2018, 02:38:28 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Well, actually bitcoin mining is not harming the environment. Bitcoin mining only produce heat from it, and cost electricity, and not producing any waste. The only thing concern me about bitcoin mining is the asic company could mining btc secretly and monopolized the profit. Title: Re: Can actually Bitcoin be good for the environment? Post by: sajjad100 on September 22, 2018, 07:57:44 PM With inexhaustible wellsprings of vitality and promotion of this wellspring of vitality, I figure Bitcoin are helpful for nature like every single alternative issue that
require power. the globe still doesn`t shrewdness to utilize all the vitality, despite the promotion around the advancement of the property power supply, varied people do not perceive that sun primarily based and wind have simply created a modest imprint within the vitality mix until now. fortuitously, prices area unit drizzling and diverse people area unit set out to receive inexperienced advances, nonetheless, there's hitherto a mountain to mount up the off likelihood that we want to essentially get off of non-renewable energy sources on an enormous scale. There is a demand for modest, property power supply with basic arrangements. With the development of human innovations, we are going to lead to these gift circumstances also, I don`t stress over it. The promotional material that`s been created regarding vitality serves for huge organizations to amass an excellent deal of money from pitching vitality to people. Title: Re: Can actually Bitcoin be good for the environment? Post by: shamc on September 22, 2018, 08:02:15 PM I saw an ethereum mining machine where the heat produced is used to heat up the home. Bitcoin can be used environmentally but as usual there needs to be a financial incentive to make it happen. A bitcoin mining machine that heats your home and gives you bitcoin basically means free heating, but the cost of an asic means there is going to be a big up front investment
Title: Re: Can actually Bitcoin be good for the environment? Post by: winterland on September 22, 2018, 09:06:09 PM It is true that perhaps the environmental factor was not taken into account when designing the creation of bitcoin.In my own opinion it can be good also in the future if all people will use digital currency like bitcoin. The consumption of energy of bitcoin is exaggerated by the media, remember the media is nothing but a slave to the government and they are going to do whatever the government tells them and since the governments have realized that it's impossible to stop bitcoin directly they are trying to do it indirectly through regulations and by using the media to spread all kind of lies.Title: Re: Can actually Bitcoin be good for the environment? Post by: Zeque02 on September 22, 2018, 11:07:31 PM I think bitcoin is good to environment. The developer knows what's best for the environment. I think as they create bitcoin they think for the goodness of everyone because we are the one who live in this world.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Anderson_smash on September 22, 2018, 11:16:05 PM A single Bitcoin block uses enough energy to power your house for a week! Bitcoin’s energy usage is comparable to that of Nigeria! If the energy usage continues to grow at the same rate, Bitcoin will use ALL OF THE ENERGY.
I’ve heard it all, and I’m going to list some reasons why a fully adopted Bitcoin economy would actually reduce global energy usage and improve the environment. Before we get started on what I think, it’s important to look at a breakdown of the math that sensationalists use to show that Bitcoin is bad for the environment (spoiler, it uses less than 1% of the energy that idle electronic devices in just the US consume, and this energy is being spent to protect ~$300 billion worth of wealth). Now to my arguments. Title: Re: Can actually Bitcoin be good for the environment? Post by: Bitfling on September 23, 2018, 01:03:35 AM I think bitcoin mining not give bad effect for environment. We are right now living on world with technology and with technology we can create alternative energy for bitcoin mining. Bitcoin can be good for environment because not consumpt large capacity of electricity
Title: Re: Can actually Bitcoin be good for the environment? Post by: Sobocirevo on September 25, 2018, 02:08:59 PM You can stop churning out the weapons, and redoing all the factories under the mining farm. And the fact that we will leave the Fiat currency , will save the forest.) Yes, bitcoin is definitely better for the environment because it reduces the felling of trees into paper money. Try to imagine how many trees were saved from logging because humans do not use paper money but transactions use bitcoin. Forests will return to dense and animals find a place to live in their habitat.Title: Re: Can actually Bitcoin be good for the environment? Post by: Dudeperfect on September 25, 2018, 02:16:03 PM To be honest, it is almost impossible for any current innovation to consume energy without harming the environment in some way. We are living in the generation where time and money is more important than the environment for us but I am happy that the steps are being taken to reduce the percentage of damage to the environment. Mark my words, we will start taking care of the environment at the point when it will start damaging us in some way in the form of returns. This issue is not limited just with Bitcoin or crypto industry but it needs the macroscopic approach to deal with it on a bigger level.
Title: Re: Can actually Bitcoin be good for the environment? Post by: AlexAtom on September 26, 2018, 02:07:26 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Actually it will be good if you compare with the bank system or others. The electricity, human resource, and printed money of bank system produce more waste products than bitcoin which is only produce heat from mining. So, bitcoin mining is not bad for environment indeed. Title: Re: Can actually Bitcoin be good for the environment? Post by: rhodelmabanal on September 26, 2018, 02:39:05 AM Maybe yes bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. Also the current banking system consumes too much electricity, I don't think that bitcoin transactions would take up that much of electricity so bitcoin can also reduce the amount of electricity used by the banking sector. Yes paper bills are made from trees and banking transactions are electrical consumption. It means that no matter how much you have it could also affect our environment and the people who uses it. If bitcoin exist, I don't think we can reduced the electricity because it has the equal quantities if we think. Title: Re: Can actually Bitcoin be good for the environment? Post by: SusanAnn on September 26, 2018, 03:01:59 AM Bitcoin is no good but no harm to our environment, i think. Because It only costs energy to mine bitcoin
Title: Re: Can actually Bitcoin be good for the environment? Post by: Chrisjay29 on September 26, 2018, 03:08:41 AM Not only mining bitcoin is the way to earn bitcoin. There lot of way earning on it. But if you tapk about enviroment it is just depend on the holder. Because there are some investment make good for enviroment and you can support it by using bitcoin. That way you can help our enviroment. But if you will think carefully bitcoin is not program to help enviroment he is program to help people to get out from poorish to rich
Title: Re: Can actually Bitcoin be good for the environment? Post by: Dimas99 on September 26, 2018, 03:59:21 AM Yes I think mining is bad enough for the supply of electricity available on earth, I do not really understand about the science. But I think there should be restrictions on mining and electricity usage every day. Maybe the government can find the best solution about it. bitcoin investment is not only mining, it can also trade even the environmental effects are also minimal and not detrimental when all economies also use cryptocurrency systemsTitle: Re: Can actually Bitcoin be good for the environment? Post by: Crungcrungtin on September 26, 2018, 05:29:05 AM Bitcoin, there is no need to cut trees..
So bitcoin can be good to environment Title: Re: Can actually Bitcoin be good for the environment? Post by: Ava Duvall on September 26, 2018, 07:59:09 AM Environment is good to bitcoin but bitcoin is good not to just to environment but also into the people lives. Nowadays, it is not yet well know all over the globe for some doesn't like this new trend of cryptosystem. However, in due time everything will be alright due to its demands and wants. In a way yes, you can integrate bitcoin in many different ways, so it can help out the environment if put to use.Title: Re: Can actually Bitcoin be good for the environment? Post by: jak3 on September 26, 2018, 08:10:16 AM Actually depends on how you use it, such as if you go for Bitcoin mining then it is sure that you are causing some sort of environmental damage by pollution or by increasing the greenhouse gases. But you should also review on the positive side that is the usage of Bitcoins and other cryptocurrencies are going to reduce much more hassle in the banking sectors and can improve user interaction upon the monetary transactions.
Title: Re: Can actually Bitcoin be good for the environment? Post by: bitcoinminer45678 on September 26, 2018, 08:13:24 AM To be honest, it is almost impossible for any current innovation to consume energy without harming the environment in some way. We are living in the generation where time and money is more important than the environment for us but I am happy that the steps are being taken to reduce the percentage of damage to the environment. Mark my words, we will start taking care of the environment at the point when it will start damaging us in some way in the form of returns. This issue is not limited just with Bitcoin or crypto industry but it needs the macroscopic approach to deal with it on a bigger level. I think with the time technology prevails and evolve over the years to till now and i think I can certainly say as of now that bitcoin is a great invention. It paves the way for the digital currency to be known worldwide. Bitcoin has helped a lot of people from the very start and I am one of it. For me bitcoin is a blessing and a very good help to the environment. It creates a lot of opportunities.Title: Re: Can actually Bitcoin be good for the environment? Post by: ChronoLite on September 26, 2018, 08:23:56 AM Environment is good to bitcoin but bitcoin is good not to just to environment but also into the people lives. Nowadays, it is not yet well know all over the globe for some doesn't like this new trend of cryptosystem. However, in due time everything will be alright due to its demands and wants. In a way yes, you can integrate bitcoin in many different ways, so it can help out the environment if put to use.Title: Re: Can actually Bitcoin be good for the environment? Post by: OrangeII on September 26, 2018, 08:39:56 AM yes, it all depends on its use. even other things can also be bad according to how they are used. well, according to me, bitcoin can make the development of a business activity from someone to increase. well, but of course if bitcoin is used for something useful in the environment, of course bitcoin will be very useful.
Title: Re: Can actually Bitcoin be good for the environment? Post by: MickyDonald on September 26, 2018, 08:45:37 AM Along with the rise of Bitcoin as well as other virtual currencies, there are concerns about power consumption. The power used for Bitcoin's operations is more than that of conventional electronic transactions. In addition to energy consumption, Bitcoin also has a huge impact on the environment because of carbon emissions. So, on the road to becoming the most valuable and reliable decentralized payment system, BTC is challenging. The source of energy is increasingly scarce and seriously affected the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Kittygalore on September 26, 2018, 08:49:44 AM Maybe yes bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. Also the current banking system consumes too much electricity, I don't think that bitcoin transactions would take up that much of electricity so bitcoin can also reduce the amount of electricity used by the banking sector. Well this is really true. The paper bill that are used for the current currency, the fiat, will be saved, it is the environment that will be safe. The forest will.live longer amd there is a probability that it will grow again. Aside from this is the electricity in which the electricity for the office used by the banks will be gone, or somewhat be lessened. Title: Re: Can actually Bitcoin be good for the environment? Post by: mr.bean865 on September 26, 2018, 12:15:21 PM It depends upon usage of bitcoin. Bitcoin is now the most popular digital currency of world and everyone has keen interest in it but if we use bitcoin for bad purpose like money laundering or to hide money then after some time it will show severe affects on our environment but if we use bitcoins to modify our money system then yes it will be very good for our environment
Title: Re: Can actually Bitcoin be good for the environment? Post by: sneeze11 on September 26, 2018, 12:28:17 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? For me bitcoin is actually good in our environment because it can help many poor people to be successful and by that it can help the economy of our country. Title: Re: Can actually Bitcoin be good for the environment? Post by: levvv on September 27, 2018, 02:55:15 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? At least, bitcoin mining is not bad for the environment. The bad thing is, if we use electricity with non eco-friendly resources, then it will be bad for environment. Although bitcoin mining is consuming much power, it still below the usage of other companies such as mineral mining or oil mining. Title: Re: Can actually Bitcoin be good for the environment? Post by: bce on September 27, 2018, 03:31:55 AM Maybe yes bitcoin actually good for the environment like if we stop using paper bills lot of trees can be saved there is one point about how bitcoin can be good for the environment. Also the current banking system consumes too much electricity, I don't think that bitcoin transactions would take up that much of electricity so bitcoin can also reduce the amount of electricity used by the banking sector. I think investing in bitcoin is not just with mining that requires a large amount of electricity, good intentions and good goals can make good results.Title: Re: Can actually Bitcoin be good for the environment? Post by: AAKODI on September 27, 2018, 03:38:35 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? I doubt if some one say that bitcoin is bad for the environment but if we really expect 100% sustainability and environmental friendliness from bitcoin we all should agree that the current way of mining bitcoin should be improve by considering more greener and sustainable paths because as the first digital currency world expect more effectiveness, efficiency and sustainability from bitcoin and it is easy to gain by making small changes Title: Re: Can actually Bitcoin be good for the environment? Post by: remuy24 on September 27, 2018, 05:04:58 AM One reason why environmental crises occur, such as the exploitation of natural resources and excessive pollution, is due to the global economy, where there are only business people who do business without much accountability. When you buy something, you don't know where it came from, how it was made. There are many intermediaries, and it's easy to cheat. Cheating, in this case, means more than just companies that lie about where they throw their trash. And actors can be anyone, including the country, "but with the presence of bitcoin and blockchain technology can prevent that from happening. :D
Title: Re: Can actually Bitcoin be good for the environment? Post by: stormclouds on September 27, 2018, 05:29:00 AM I don't think bitcoin mining has that major impact to the environment, on the daily basis, electricity wastes are already present even before bitcoin has existed, therefore bitcoin is just an adding factor to problems present upon its usage, and merely not the cause of the problem itself.
Title: Re: Can actually Bitcoin be good for the environment? Post by: melch100 on September 27, 2018, 05:38:03 AM I don't think bitcoin mining has that major impact to the environment, on the daily basis, electricity wastes are already present even before bitcoin has existed, therefore bitcoin is just an adding factor to problems present upon its usage, and merely not the cause of the problem itself. Yeah right those problems existed for more decades now and it keeps getting worse now. I think bitcoin don't have any big changes impacted the environment this days. Title: Re: Can actually Bitcoin be good for the environment? Post by: nellakarisma on September 27, 2018, 05:46:41 AM if I think bitcoin is very good for the environment bro. even a lot of people who can change their economic life can be better because they invest in bitcoin bro. instead, bitcoin provides opportunities for the poor to become millionaires
Title: Re: Can actually Bitcoin be good for the environment? Post by: Ronald Wilson on September 27, 2018, 12:25:47 PM If Bitcoin continues to grow, the demand for solar energy will increase as folks rush to find cheaper ways to generate power. Additionally, renewable energy sources occasionally produce a surplus of electricity. Burning some of the surplus electricity to mine Bitcoin would offset the cost of running renewable energy sources, making them even more efficient. So I think Bitcoin is good for the environment.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Jack Ment on September 27, 2018, 12:32:24 PM In order to make Bitcoin work, you need electricity, computers, and the internet. That’s it. Fiat currency requires resources to print the money, oversight in order to make sure it is being allocated correctly, fraud services, entire organizations devoted to preventing counterfeiting, money transport services, and more. Due to larger amount compared to Bitcoin, fiat money way waste electricity than Bitcoin, I think.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Jerry White on September 27, 2018, 12:32:35 PM Bitcoin’s infrastructure needs are orders of magnitude smaller than fiat currency, and that’s just focusing on the resources to create the fiat currency itself. Bitcoin allows users to replace major use-cases of banks with their phones. You do not need a trusted third party to store your wealth or to participate in the global economy when you use Bitcoin. The faster the world adopts Bitcoin, the quicker we can reduce the environmental footprint of all of that paper/metal currency!
Title: Re: Can actually Bitcoin be good for the environment? Post by: BitcoinPanther on September 27, 2018, 12:33:51 PM I don't think bitcoin mining has that major impact to the environment, on the daily basis, electricity wastes are already present even before bitcoin has existed, therefore bitcoin is just an adding factor to problems present upon its usage, and merely not the cause of the problem itself. Indeed, mining is not the main cause nor the major contributor of environmental waste, but it is undeniable that it does leave a substantial amount of carbon footprint that adds up to the already damaged environment we live in. You see, even producers of mining rigs know this for a fact. That is why we keep on seeing innovation left and right on how to better cool down the systems and make it more process efficient to increase power efficiency too. Big mining setup even produce noise pollution too and this is being address with new designs to lessen both power consumption and noise. To have mining systems that would use lesser electricity is really a big of a deal as we know that as soon as global adoption starts, pool of miners will sprout all over the world making the damaging effects of mining rigs even more. Title: Re: Can actually Bitcoin be good for the environment? Post by: xindoa on September 27, 2018, 12:38:27 PM the way bitcoin is working now its not good for the environment. maybe in the future that will change but saying as of right now nothing can change fact that bitcoin mining is using a lot of electricity
Title: Re: Can actually Bitcoin be good for the environment? Post by: babysweetTiger0401 on September 27, 2018, 01:45:09 PM Of course, bitcoin will be a good help for our environment. So it is best to do the bitcoin mining farms to put its mining palnt in a cool and somewhat clever area surrounded by nature's work, Because its mining rig produces radiation so that if it is located in a mountainous area it will be contrary to such things.
Title: Re: Can actually Bitcoin be good for the environment? Post by: manyu22 on September 27, 2018, 02:12:05 PM I don't think bitcoin mining has that major impact to the environment, on the daily basis, electricity wastes are already present even before bitcoin has existed, therefore bitcoin is just an adding factor to problems present upon its usage, and merely not the cause of the problem itself. most likely very influential because all the electronics used by bitkoin miners use electricity, especially cellphones and computers, even laptops are all dependent on electric power, therefore the impact is very large for the bitcoiner miners if the electricity goes out so electricity goes up so the bitcoin is also go up, I guess that's the reason for a little of my knowledge, maybe from another bro, please add.Title: Re: Can actually Bitcoin be good for the environment? Post by: raking on September 27, 2018, 02:26:32 PM 77 KWH is the minimum power level for a Bitcoin transaction.
Bitcoin exploitation is seriously affecting the environment as Bitcoin price growth has increased the demand for electricity to exploit the world's largest electronic money. In addition to energy consumption, Bitcoin also has a major impact on the environment because of carbon emissions. According to data obtained from a Bitcoin mining facility in Mongolia. By exploiting a BTC, the facility will emit about 8,000 to 13,000 kilograms of carbon dioxide, nearly 24,000 to 40,000 kilograms of CO2 per hour of mining. Title: Re: Can actually Bitcoin be good for the environment? Post by: Coroline on September 27, 2018, 02:51:17 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". I think it's not an important problem, so take it for granted when people think bad about bitcoin. maybe they don't understand the bitcoin mining system, which can produce more than workTo have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: fianaindriati on September 27, 2018, 03:02:24 PM if I think bitcoin is very good for the environment bro. even a lot of people who can change their economic life can be better because they invest in bitcoin bro. instead, bitcoin provides opportunities for the poor to become millionaires the assumption that we are already familiar with bitcoin is like that but different from everyone who does not know bitcoin. sometimes they think negatively first. so it's different from us, our opinion about bitcoin is definitely good, because we already feel for ourselves how bitcoin travels and how it feels to get results from bitcoin. Title: Re: Can actually Bitcoin be good for the environment? Post by: Gary Menezes on September 27, 2018, 03:49:31 PM No, Bitcoin can not be good for the environment because of the electricity which consumes to mine Bitcoin. Of course, comparing with banks, the electricity of Bitcoin is not remarkable. However, the electricity of Bitcoin made up about 1% the electricity of the world. We also should find a new solution for this problem.
Title: Re: Can actually Bitcoin be good for the environment? Post by: ganjasmokingg on September 27, 2018, 04:06:13 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". I think bitcoin has an impact on the environment but that's just a small number. It's a lot easier than printing a lot of cash, and bitcoin also makes it easy for people to trade easily without much effort. Considering that, it really is a bitcoin to be considered a coin. futureTo have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: hahay on September 27, 2018, 04:48:11 PM if I think bitcoin is very good for the environment bro. even a lot of people who can change their economic life can be better because they invest in bitcoin bro. instead, bitcoin provides opportunities for the poor to become millionaires the assumption that we are already familiar with bitcoin is like that but different from everyone who does not know bitcoin. sometimes they think negatively first. so it's different from us, our opinion about bitcoin is definitely good, because we already feel for ourselves how bitcoin travels and how it feels to get results from bitcoin. Title: Re: Can actually Bitcoin be good for the environment? Post by: nealdlover on September 27, 2018, 05:06:27 PM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". I think the bitcoin mining will cost less than printing cash so much so that bitcoin also makes it possible for people to trade with each other conveniently and quickly. And that is the benefit that the bitcoin can later grow stronger because it is the technology that was born to help people.To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? Title: Re: Can actually Bitcoin be good for the environment? Post by: killerfrost on September 27, 2018, 11:15:12 PM I think that Bitcoin is not good for the environment. Bitcoin mining has expended a large amount of power of the world. China is the bitcoin mining best.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Tashi on September 27, 2018, 11:38:22 PM Yes, it's actually is. Since bitcoin doesn't use paper money unlike the national currency that we have in every country. It's much more environment friendly since we don't have to cut or use plants or leaves to make banknotes and mine copper and etc to make coins.
Title: Re: Can actually Bitcoin be good for the environment? Post by: blueteam09 on September 27, 2018, 11:45:00 PM Mineral extraction by specialized systems will be better than the exploitation of natural resources. Filing in nature will naturally destroy more than digging Altcoin in the pool. Too much electricity used but power plants need a power source, so this is inevitable for balanced trade.
Title: Re: Can actually Bitcoin be good for the environment? Post by: satria2 on September 28, 2018, 12:35:27 AM Whether or not Bitcoin is for the environment depends on how someone handles it Bitcoin in the country because everyone has different thoughts than the existence of Bitcoin today.
Title: Re: Can actually Bitcoin be good for the environment? Post by: haidil on September 28, 2018, 12:38:06 AM I think what happens is not like that, bitcoin has nothing to do with the environment and electricity generation. The problem is that it is a matter of earth that is not bitcoin, which is itself destructive. mining bitcoin does not need a large room
Title: Re: Can actually Bitcoin be good for the environment? Post by: cjinny on September 28, 2018, 02:09:44 AM Not at all, depending on the miners managing the resources he has. If the miner uses electricity that is created using wind, water and preserves the surrounding environment, then the environment will remain beautiful and awake.
Title: Re: Can actually Bitcoin be good for the environment? Post by: rindayle on September 28, 2018, 12:16:47 PM Bitcoin is developing and growing, so it can become a full-fledged currency for payment of various processes and projects, in which environmentally friendly energy is not excluded. In addition, renewable energy sources sometimes generate excess electricity. Burning some of the excess electricity for bitcoin mining would offset the cost of using renewable energy sources, making them even more efficient. You can argue a lot, but any currency can serve the environment and bitcoin is no exception.
Title: Re: Can actually Bitcoin be good for the environment? Post by: dvdrewritable on September 28, 2018, 12:18:33 PM If we skip all the illegal uses, than i can probably say that bitcoins are really good for the environment unless and untill they are serving the community with really good and exciting profits. They don't actually have any physical damage so they won't harm the society in any kind of physical mean. Just the uses of bitcoins which takes them to the illegal work should be stopped and then bitcoins will get to moon with all legal benefits.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Dudeperfect on September 28, 2018, 12:33:05 PM To be honest, it is almost impossible for any current innovation to consume energy without harming the environment in some way. We are living in the generation where time and money is more important than the environment for us but I am happy that the steps are being taken to reduce the percentage of damage to the environment. Mark my words, we will start taking care of the environment at the point when it will start damaging us in some way in the form of returns. This issue is not limited just with Bitcoin or crypto industry but it needs the macroscopic approach to deal with it on a bigger level. I think with the time technology prevails and evolve over the years to till now and i think I can certainly say as of now that bitcoin is a great invention. It paves the way for the digital currency to be known worldwide. Bitcoin has helped a lot of people from the very start and I am one of it. For me bitcoin is a blessing and a very good help to the environment. It creates a lot of opportunities.When we are mentioning the word environment, it is associated with the concept of the natural environment and not the economic environment in this particular context. As Bitcoin is based on internet and requires mining activity for a continuous supply, no one can deny the requirement of electricity for this purpose. However, I am sure that we will discover and adopt natural environment-friendly options in the coming years. Title: Re: Can actually Bitcoin be good for the environment? Post by: fuer44 on September 28, 2018, 12:40:59 PM the large electricity consumption used by the bitcoin minner is very high and can exceed the company's electricity consumption. if it continues, it's not good for the environment. there should be a regulation regarding the minning, to be reduced.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Thecryptocurrency09 on September 29, 2018, 01:20:54 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? I believe that bitcoin is a goof investment. Although some may hate how it really goes but what's important is that we are all aware on how our bitcoin goes by. Besides, it is a personal choice to enter investments whether it is in bitcoin or not. Title: Re: Can actually Bitcoin be good for the environment? Post by: Sadlife on September 29, 2018, 01:27:42 AM Bitcoin now a days is very difficult to mine due to its difficulty of its computating algorithm but this is actually not all bad because of this it reduces the risk of inflation this one of altcoins greatest problem. In time they will also increase in difficulty like btc.
Title: Re: Can actually Bitcoin be good for the environment? Post by: BlackRacerX on September 29, 2018, 01:30:46 AM A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste". To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure. Thinking of all that, would you still say Bitcoin is bad for the environment? You may have a point about the human waste bitcoins disposes but it does not out-weigh how much of an environmental impact does in mining a whole bitcoins from the sheer amount of electricty required to harvest such amount. Another thing to point out is that bitcoins can reduce the usage of paper or fiber required to make fiat money, that's for me, have a lot more environmental impact. Title: Re: Can actually Bitcoin be good for the environment? Post by: KotiKo on September 29, 2018, 12:04:11 PM I would not say that bitcoin can harm our environment. Moreover, now mankind has come up with many alternative natural sources of energy-the use of wind, sun, etc., and this makes me happy :)
Title: Re: Can actually Bitcoin be good for the environment? Post by: KorakPawon on September 29, 2018, 01:03:42 PM I do agree. by its system and form, bitcoin can effectively save much more resources used by bank, etc. No paper money which is the main poin is paper. If only this one thing gone, when paper isn't produce, no energy will be used for it, automatically no electricity to be started to make the 'machine' on when creating paper, and so on, so fort. So, I hope many people can realize and thin about this system which is more economical.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Andra Caroline on October 10, 2018, 09:02:13 AM Bitcoin can't exist without computers, which can't exist without a source of electricity. And the number of computers and the energy needed to power them is rising.The growing value of bitcoin is directly tied to the amount of energy it uses. let's face it. Bitcoin is kind of electricity-consuming.
Title: Re: Can actually Bitcoin be good for the environment? Post by: MORKEL on October 10, 2018, 09:42:24 AM The financial system was threatened 100 years ago by free clean wireless energy and they pulled all funding from Nikola Tesla and destroyed Wardenclyffe tower and everything associated with it. 100 years later the financial system is once again being seriously threatened by something else cryptocurrency and its using a energy problem its responsible for as its primary weapon against this threat. If bitcoin succeeds and frees people to truly be able to innovate without limitations it is highly likely that what we currently perceive to be a waste of energy will be a joke and the world could be a very different place.
Title: Re: Can actually Bitcoin be good for the environment? Post by: randall_boss on October 10, 2018, 09:49:31 AM It's almost impossible that the existing banking system uses more electricity (per transaction) than Bitcoin does. This I 100% agree with (and also the rest of that post too) Title: Re: Can actually Bitcoin be good for the environment? Post by: Jomar Shafira on October 10, 2018, 09:51:38 AM Bitcoin likely uses close to four or five terawatt hours, less than the annual electricity consumption for Christmas lights in the U.S. I believe Bitcoin's benefits, such as making payments more efficient and helping people escape inflation, outweigh the environmental toll.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Kenneth Marilyn on October 10, 2018, 10:27:48 AM Instead of worrying about how soon bitcoin will melt the polar ice caps, though, it’s worth considering how much energy might be saved. Bitcoin miners will consume an estimated 8.27 terawatt-hours per year. That might sound like a lot, but it’s actually less than an eighth of what U.S. data centers use, 1 and only about 0.21 percent of total U.S. consumption. It also compares favorably to the currencies and commodities that bitcoin could help replace: Global production of cash and coins consumes an estimated 11 terawatt-hours per year, while gold mining burns the equivalent of 132 terawatt-hours. And that doesn’t include armored trucks, bank vaults, security systems and such. So in the right context, bitcoin is positively green.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Donna James on October 10, 2018, 10:30:14 AM It’s easy to criticize bitcoin for being wasteful. But so are many things in life, including airplanes, commuting to work and Sunday Night Football. A return to subsistence farming could drastically reduce our carbon footprint, but sometimes using energy to improve our quality of life is worthwhile.
Title: Re: Can actually Bitcoin be good for the environment? Post by: Steven Jurol on October 10, 2018, 10:31:55 AM The bitcoin network has the potential to generate a lot of benefits. How much is sound money worth? How about the ability to send money freely across borders, with no permission or central counterparty involved? Or to own an asset that can’t be seized? People in the U.S. and other developed countries might take these things for granted, but people in places like Zimbabwe and Venezuela are turning to bitcoin for survival. So perhaps all those computations aren’t wasteful: Maybe the miners are simply transforming the energy into something more valuable.
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