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Author Topic: waste of energy  (Read 21052 times)
PranDoW
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August 24, 2017, 10:37:37 PM
 #61

With this approach, you can turn everything into a waste of energy. Mining (better to work in warehouse or factory), electric cars (diesel and gasoline can be used), street lights (complete foolishness, candles to everyone), lighting the buildings in the city (again a waste of energy), using a smartphone (some years ago people used to live withput smartphones, I think we dont need it) Grin

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GuyTheGuy
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August 25, 2017, 01:02:27 AM
 #62

Not unless you have too expensive electricity or are not choosing the right coins

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August 25, 2017, 10:00:53 AM
 #63

Isn't Bitcoin mining a waste of energy?



I think the possibility of your opinion is true?
J. Cooper
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August 26, 2017, 12:00:23 AM
 #64

I don't think it's a waste of energy really. Because all the costs that it takes to produce 1 bitcoin are priced in. That's probably why 1 bitcoin is worth 4000$ and counting right now.

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August 26, 2017, 06:03:41 AM
 #65

Mining of bitcoin is an energy consuming stuff so it is literally using loads of energy from the grid and it is therefore adding more bills for you to pay but it is also adding more coins to your wallet and with this I don’t think you should be bothered about that.

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August 28, 2017, 12:10:05 AM
 #66

Isn't Bitcoin mining a waste of energy?



Ethereum will change to PoS (Proof of Stake) instead of PoW (Proof of work) because the creator of Ethereum thinks that it's a huge waste of energy to run all these miners around the world.

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drubas
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August 28, 2017, 07:45:37 AM
 #67

I truly think too it is wasting energy. Of course traditional assets also kind of similar in this way.

All in all the advantages of cryptocurrencies, even if pow, outweigh the disadvantages.

My opinion is that Ether takes the right step with focussing on pow on the mid- to long-term perspective.

 Smiley
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August 28, 2017, 10:55:38 AM
 #68

Mining of bitcoin is an energy consuming stuff so it is literally using loads of energy from the grid and it is therefore adding more bills for you to pay but it is also adding more coins to your wallet and with this I don’t think you should be bothered about that.
Theres no really need to bother since you would able to earn bitcoin or altcoin on your mining operation as long you do make payments on consuming energy then it would really be just fine in my own view. It would be a waste of energy if you are just mining without any profitability on doing it this is why its important to plan carefully when you are deciding on operating a mining farm or self miner.

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Chikitita2004
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August 28, 2017, 04:20:59 PM
 #69

Isn't Bitcoin mining a waste of energy?


I also heard a lot about it. And i think it is. It seems like you'll just be earning in mining just to pay he electricity bills and for maintenance.
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August 28, 2017, 04:58:43 PM
 #70

Isn't Bitcoin mining a waste of energy?


If mining is a waste of energy then everything is a waste of energy.  Tongue

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August 28, 2017, 05:20:26 PM
 #71

Mining of bitcoin is an energy consuming stuff so it is literally using loads of energy from the grid and it is therefore adding more bills for you to pay but it is also adding more coins to your wallet and with this I don’t think you should be bothered about that.
Theres no really need to bother since you would able to earn bitcoin or altcoin on your mining operation as long you do make payments on consuming energy then it would really be just fine in my own view. It would be a waste of energy if you are just mining without any profitability on doing it this is why its important to plan carefully when you are deciding on operating a mining farm or self miner.

Ya If you want more profit with bitcoin means Just do mining. Some says doing mining is waste of energy and time. But if you get into mining means, you won't speak like this.If you do trading ,mining and participating in  Signature Campaign means,you will get enormous bitcoin in your account.

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todiboa
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August 28, 2017, 05:47:44 PM
 #72

Isn't Bitcoin mining a waste of energy?

Ethereum will change to PoS (Proof of Stake) instead of PoW (Proof of work) because the creator of Ethereum thinks that it's a huge waste of energy to run all these miners around the world.

And when will this happen? Vitalik Buterin promised a year ago to make Ethereum POS. But this has not been done
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August 29, 2017, 03:14:26 AM
 #73

Isn't Bitcoin mining a waste of energy?

Ethereum will change to PoS (Proof of Stake) instead of PoW (Proof of work) because the creator of Ethereum thinks that it's a huge waste of energy to run all these miners around the world.

And when will this happen? Vitalik Buterin promised a year ago to make Ethereum POS. But this has not been do
Isn't Bitcoin mining a waste of energy?

Ethereum will change to PoS (Proof of Stake) instead of PoW (Proof of work) because the creator of Ethereum thinks that it's a huge waste of energy to run all these miners around the world.

And when will this happen? Vitalik Buterin promised a year ago to make Ethereum POS. But this has not been done
ne

PosToken about to get going. Big hopes on that one 😉
radjie
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August 30, 2017, 03:26:09 PM
 #74

Isn't Bitcoin mining a waste of energy?


If mining itself is not worth the cost we can spend, I think it may be wasting energy. Especially if we do mining using gpu equipment and mining that we use requires a large enough cost can even pay the cost for electricity bills.

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August 30, 2017, 06:23:16 PM
 #75

that basically depends on the type of device you use for mining
Chlen88
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August 30, 2017, 07:10:31 PM
 #76

Isn't Bitcoin mining a waste of energy?


I'm just starting mining. I've gathered myself a powerful farm. Give me the best advice and how best to start !?
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August 30, 2017, 08:39:13 PM
 #77

Bitcoin mining SPEND a lot of energy but not WASTE.
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August 30, 2017, 10:58:45 PM
 #78

PosToken about to get going. Big hopes on that one 😉

Any more informations than that?

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August 31, 2017, 06:43:09 AM
 #79

that basically depends on the type of device you use for mining

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August 31, 2017, 08:18:51 AM
 #80

I agree, mining is a total waste of energy unless youre using solar panels to provide energy in mining. It would be less expensive, but still, I dont recommend it tho. Also, energy consumption depends on the type of device youre using.

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