Bitcoin is Bad for the environment, taking the worlds energy - yes?

[Enotche]

I think, For Bitcoin working does not require any additional business processes in addition Blockchain. We do not need any documents and employees, burning gasoline on the way to work, and there is no waste, as a result of the turbulent employment office workers. All this makes the carbon footprint of BTC equal to or even lower than that of competing payment systems.

[Carlton Banks]

Do any of the climate scientists in this thread who are actually contemplating the relative "waste" of Bitcoin mining even know what the so-called waste constitutes? i.e. do you know what the miners are doing and why they're doing it? It's fairly evident you cannot while arguing such positions, you know zero about Bitcoin mining, and zero about climate science also. Concerning.

[chineseprancing]

yes maybe. Mining is consuming much energy in the future. But we can use alternative energy like solar panel to reduce the energy consumption of the mining machines.

[abugseuf]

absolutely wrong justify your statement,

[irun4fundotca]

I think, For Bitcoin working does not require any additional business processes in addition Blockchain. We do not need any documents and employees, burning gasoline on the way to work, and there is no waste, as a result of the turbulent employment office workers. All this makes the carbon footprint of BTC equal to or even lower than that of competing payment systems.

where I fully like and support bitcoin and its cost effectiveness
one thing I can think of not related directly to enviornment issues , are the jobs it could also destroy ,it takes people working to create that paper, garbage people to haul and remove it, office workers to run banks, and numerous more in other fields affected, if it was the only means of transaction when moneys involved there probably would be millions more in the unemployment lines

[Joel_Jantsen]

Do any of the climate scientists in this thread who are actually contemplating the relative "waste" of Bitcoin mining even know what the so-called waste constitutes? i.e. do you know what the miners are doing and why they're doing it? It's fairly evident you cannot while arguing such positions, you know zero about Bitcoin mining, and zero about climate science also. Concerning.

Climate Scientists seems to be too mainstream for signature posters.Welcome to Bitcointalk, where there is no mind below average,only human rejects from normal world with high IQ constitute the 90% population of the forum.Matter of fact,bitcoin mining doesn't have an adverse effects on the environment.If it does,so does gaming/data servers/SuperComputing.The logic completely fails here,I may agree with the sound pollution part ,but hey we are in 2016, people are more prone to ear cancer by continues stuffing of ear buds of different shapes playing hardcore lesbian funk bass psy music.

[RobinHoodster]

No I do not think this is true, and by the way what is not bad these days, they are saying everything is wrong for the world but otherwise we cannot even life.

[Enotche]

By the way in the spring, the new cryptocurrency EDRCoin was introduced in the Asian market. A distinctive feature of the EDRC creators call environmentally friendly mining, achieved through the use of solar panels.

Maybe someone knows if mining Bitcoins can move to solar energy? Or the power will not be enough even for a small farm?

[shinratensei_]

(I think this should go in mining)

There has been a lot of talk on this.  Quite a few good papers
https://karlodwyer.github.io/publications/pdf/bitcoin_KJOD_2014.pdf
From this paper: "Bitcoin mining is comparable to Ireland’s electricity consumption".



As bitcoin grows the amount of energy on the planet is not increasing. Anyone who understands the article, it seems very legitimate to me, discuss,   Yes, I realize the miner wants to reduce cost & cut waste.  Therefore they may seek alternative forms or desire to do so.  Yes, I read about the Hydrofarmer on this very forum.  It is just not the norm with all the major miners around the planet.  Proof of work is expensive. https://en.bitcoin.it/wiki/Proof_of_work

**Title was sarcastic.  But it is still something to think about?

To gather bitcoin with a mining way it's can make dangerous for the environment because needs a lot of energy to mining bitcoin, and on some countries in European feel the disadvantages from mining to their environment.

[ObscureBean]

The way I see it if it wasn't Bitcoin draining the energy, it would be something else so why pretend to be righteous? You're still gonna be draining the planet whether you're using a huge amount of energy or just a small amount. I guess for some people it's just about their own peace of mind, nevermind that using less energy doesn't actually resolve the problem. The lesser of two evils right?  

[AGD]

Did somebody yet compare it with the energy that FIAT is wasting in total? No? Why discussing this topic when nobody here (including me) has an idea about the facts?

[el kaka22]

No I do not think this is true, and by the way what is not bad these days, they are saying everything is wrong for the world but otherwise we cannot even life.

It matters to anything, we can not just say bitcoin are going to ruin the world, it is invented to make easy transaction and all other unimaginable advantageous features. My conclusion, it will definitely need for the future generations.

[ShrykeZ]

Renewable energy and Bitcoin go hand in hand as it's only the initial investment of funds to get the renewable energy up and running.

[salmanahmedone]

I think, For Bitcoin working does not require any additional business processes in addition Blockchain. We do not need any documents and employees, burning gasoline on the way to work, and there is no waste, as a result of the turbulent employment office workers. All this makes the carbon footprint of BTC equal to or even lower than that of competing payment systems.

The energy consumed by bitcoins minning is nothing as compared to energy consumed by factories and other industrial sector products. The bitcoin minning needs energy but it is not that it is burden for the environment.

[BitcoinPC]

yes maybe. Mining is consuming much energy in the future. But we can use alternative energy like solar panel to reduce the energy consumption of the mining machines.

Do you think bitcoins consumes that much energy that you need to switch to solar panel energy etc ? I dont think that is the case.  Even most of the mainframe computers and high end Servers consumes more energy that bitcoin minning.

[Viyamore]

I think, For Bitcoin working does not require any additional business processes in addition Blockchain. We do not need any documents and employees, burning gasoline on the way to work, and there is no waste, as a result of the turbulent employment office workers. All this makes the carbon footprint of BTC equal to or even lower than that of competing payment systems.

The energy consumed by bitcoins minning is nothing as compared to energy consumed by factories and other industrial sector products. The bitcoin minning needs energy but it is not that it is burden for the environment.

This is a good statement .energy used by mining bitcoins is less than as said big factories and who waste after creating some things and the chemicals on air ,water and some of ut is bad for our environment .bitcoin is a clean and saves energy so it is good for tge environment.

[asriloni]

yes maybe. Mining is consuming much energy in the future. But we can use alternative energy like solar panel to reduce the energy consumption of the mining machines.

Do you think bitcoins consumes that much energy that you need to switch to solar panel energy etc ? I dont think that is the case.  Even most of the mainframe computers and high end Servers consumes more energy that bitcoin minning.

well I've seen some of my friends mining with his r9 380x vga and it'd take so many electricity compared to normal use,and most of electricity generated with non renewable energy,so,switch to alternative energy is really necessary

[calkob]

Yeah by making a comparison to banking i am almost sure that the banks of the world have a larger impact on the enviroment than bitcoin.  just another deflection to paint bitcoin in a bad light

[lixer]

By the way in the spring, the new cryptocurrency EDRCoin was introduced in the Asian market. A distinctive feature of the EDRC creators call environmentally friendly mining, achieved through the use of solar panels.

Maybe someone knows if mining Bitcoins can move to solar energy? Or the power will not be enough even for a small farm?

Some people may say yes and some people may say no, yes because it takes the world's energy and no because a lot
of people generate income more than they are spending by just mining a bitcoin block.

[pandalion98]

Physical fiat production is so much more energy-intensive than this. It takes more than 1 cent to produce a 1 cent coin.
They take energy and resources at the same time.

Bitcoin, on the other hand, only takes energy. Therefore, it can safely be moved to purely renewable power resources.
Fiat still needs wood and mining to produce paper and coin currency.