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Title: Bitcoin mining using excessive electrical energy proved wrong Post by: r32godzilla on September 07, 2018, 12:13:27 PM I had been very much disturbed by reading articles that criticize bitcoin for using excessive enerfor mining.Nowadays such articles could be seen in large numbers.But the reality is different.Its just a false allegation against bitcoin by the biased media which is mostly funded by corporates.For them,those media deliberately spread FUD against bitcoin mining.
But bitcoin mining is using much less energy when compared to energy used for gold mining or bank transactions. Such articles directly equate the number of transactions directly with the mining cost.But there is no such thing.The cost of mining stays the same both when a bitcoin block is full or empty. https://www.reddit.com/r/Bitcoin/comments/9dnkye/bitcoin_uses_less_energy_than_banks_bitcoin_clean/ Title: Re: Bitcoin mining using excessive electrical energy proved wrong Post by: Hablinfuld on September 12, 2018, 06:43:23 PM I agree with you. Although Bitcoin mining consumes quite enough energy , it's still less than the others and also much more less than how it is exaggerated in those criticizing posts. And the amount of energy consumed by the mining is actually worth doing the mining. The criticized don't acknowledge the brighter side of it and are only spreading negativity to the world which is really upsetting. But I think we , the the supporters should take a step too, to make people realize the role of Bitcoin mining. If they can spread negativity, why can't we spread support too ?
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