Big money after "sustainability"

[philipma1957]

Industries that are not sustainable, which in most dictionaries nowadays means carbon emissions, are loosing the investors good graces. These activities are considered at risk, since regulations in the future will likely mean that they will have to change or reformulate or undergo serious pressure from regulators.

There has been plenty of literature about bitcoin effects in the environment. While I agree that bitcoin is probably less damaging to the environment than 20 thousand Visa employees commuting to work, there is still plenty to do about the farms and the energy they consume. It may be possible to support green mining over others?

Not really that much in concern about mining activity which does make out some great affect on the eonvironment just as those shitty regulators trying to push on? They've bee throwing lots of shitty reasons that mining is indeed harmful to environtment witihout even trying to look on other old things
which did really make out more emmissions or do something more harmful on ecosystem.It is really just they are trying to push out some issues
which is actually not really that too strong to accuse on.

It is the single greatest reason to convert to solar that has ever happened.

we built a 50kwatt solar due to btc
we built a 115kwatt solar due to btc
we are building a 500kwatt due to btc

all in NJ

they generate

  10kwatt 24/7/365
  23kwatt 24/7/365
100 kwatt 24/7/365

year round averages for the three systems.

in NJ if we could find proper investors we could do 5 to 10 megawatts all basically due to btc

[Fatunad]

Industries that are not sustainable, which in most dictionaries nowadays means carbon emissions, are loosing the investors good graces. These activities are considered at risk, since regulations in the future will likely mean that they will have to change or reformulate or undergo serious pressure from regulators.

There has been plenty of literature about bitcoin effects in the environment. While I agree that bitcoin is probably less damaging to the environment than 20 thousand Visa employees commuting to work, there is still plenty to do about the farms and the energy they consume. It may be possible to support green mining over others?

Everyone is entitled to their opinion therefore even though the Government or anyone suggests green mining at the end of the day, it's the decision of the mining company at the end. Small miners are not going to be able to invest in these green renewable options since they are a bit pricey to start but in the long term they give good returns and are good for the environment as well.

Most countries have good resources, for example when we take an example of countries around the equator they can generally use solar energy in contrast to countries around the tectonic plates which can use geothermal energy as well. Therefore it's a choice where you have to take an extra step. Also as we see Sweden already said they might be against bitcoin mining and there they have the perfect environment for mining as well, cheap electricity but at the end with the increasing prices for everything they might have to ban it. So green, renewable sources of energy might be the way to go.

Setting up isnt really that possible with those small time miners which means that only bigger ones or companies will surely be minding on touching up this area and the rest would still stick out on getting energy on traditional way but just like on what other users mentioned that havent they recognize other things and on why they are erring that much with mining activity? It might cost that much and make out some effects but
havent they think off with other stuffs that had been already affecting the nature or environment for too long? They are just obviously trying to get rid with it.

[Rufsilf]

Bitcoin mining or other crypto mining does have negative effects on our ecosystem because it generates more electrical waste (e-waste) especially when bitcoin nowadays generates more e-waste to solve a block because it's already becoming harder as of today. That is if the electricity consumption comes a powerplant, but what if that the consumers (miners) uses solar powered panels then it doesn't do harm on our ecosystem. Ofcourse, miners nowadays have already invested in solar powers to lower their electricity bill and to reduce carbon emissions from power plants.
In the same sense, miners is relatively small producers to greenhouse-gases compared to other factories that actually burns coal or fossil fuels to eventually generate energy to produce electricity or other similar results.

Bitcoin or other crypto miners are the least problem to deal with, they should start in big companies or factories rather than miners.

[Fortify]

Industries that are not sustainable, which in most dictionaries nowadays means carbon emissions, are loosing the investors good graces. These activities are considered at risk, since regulations in the future will likely mean that they will have to change or reformulate or undergo serious pressure from regulators.

There has been plenty of literature about bitcoin effects in the environment. While I agree that bitcoin is probably less damaging to the environment than 20 thousand Visa employees commuting to work, there is still plenty to do about the farms and the energy they consume. It may be possible to support green mining over others?

It seems that Bitcoin does have this one weakness when it comes to public opinion - it has relatively high energy consumption compared to established payment networks. Ultimately this will only be solved by the whole world transitioning into renewable energy rather than using finite fossil fuels. It is an inevitability that we will run out of these fossil fuels but will we heat the earth up too fast by burning them before that switch is possible? It seems like a wider issue for us to solve. If the Bitcoin developers were able to somehow (seems impossible) reward miners that were running on more sustainable power sources, then that would help, but it may be an issue for another cryptocurrency altogether to crack.

[dothebeats]

Shifting to renewable energy sources may not be an easy task, but it is doable IMO. There only needs to be commitment on the miners' side of things in order to make this a reality. Then again, organizations and companies providing such energy services are still few and far between, and are mostly situated on remote areas. Miners can relocate and pursue their mining operations on such places and effectively reduce their dependency on electricity from fossil fuels, but other industries should also do their part. The banking industry still uses tons of energy that I think can still be reduced if they wanted to, but of course why would they?

[so98nn]

Well, nobody is talking about the mines working 24x7, 365 days and generations to generation for digging out the shiny stones (diamonds) and the gold and limestones and dont know how many more types of minerals and stuff.

Ever wonder how much pollution those giant diggers make and how much fuel they consume and release the CO2 in the atmosphere? Who cares, because government is anyways getting well paid and the business is good. So there is nobody states how much green house emissions are happening and how sustainable it is?

Aye mate?

Why bother about the mining which started to kick off few years back, and only recently started to gain more attention from the different corners of world.

Its really funny fact.