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dunfida
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November 04, 2017, 11:32:00 PM
 #281

Isn't Bitcoin mining a waste of energy?


When you talk about bitcoin then its mostly mined in big amount of GPU miners in order to get decent amount. Yes it sucks most of your powers.

It's totally based on your choice on which coin you choose and current consumption charges in your region if you worried about cost.
I think its not like wasting energy because we are mining golds to increase our fiat. Just like that power and equipped rigs to mine them.
It needs a good investment and your research will help you to choose the ways.
Bitcoin cant be mined by using GPU and its impossible to do such thing but rather it can be mined through ASIC miners which is really designed for sha56. GPU are only just for altcoins. Mining isn't really a waste of energy since we do know we do have abundant source of power as long we do pay up the consumption of energy properly then I don't see any waste of energy since we do make money after all. I would rather say that watching TV is a waste of energy than on mining bitcoin haha. Same as you said its not a waste of money since we do mine golds here.


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November 04, 2017, 11:36:18 PM
 #282

Isn't Bitcoin mining a waste of energy?



Ya it is true that it is really waste to do bitcoin mining. As the difficulty level has gone up and any one can buy. It is much better to have a good altcoins to mine .














 

 

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romecheo
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November 09, 2017, 08:02:05 PM
 #283

it could be a waste of energy if you don't use it properly, if you build your rig from junk parts, that was a total waste of energy, however if you design your own rig with a modern architecture, optimize your system and fine tune everything. That was no longer a waste of time, it is living.

Then the next you should do was to utilize natural energy to power your rig.
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November 09, 2017, 08:08:19 PM
 #284

I believe that energy will not be lost. Bitcoin is fixed and to throw it down - it needs something unreal

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November 09, 2017, 09:59:24 PM
 #285

I agree and disagree this opinion at the same time. Reason is that bitcoin is just something that will be alive in only virtual world, not in our. But also think on another side, while virtual world exist and I believe it's just begining, it will be alive forever because it makes all job a lot more easier, then this energy isn't wasted because with it we create something valuable in virtual world and it can be used for good reasons too, there are so much positive sides of bitcoin, it really worths.

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MrAzura
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November 09, 2017, 10:19:26 PM
 #286

I hope it's not lost
sparveenat
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November 10, 2017, 01:40:31 AM
 #287

Nothing is waste in life. If you not tried how you know that it is waste or profitable. If you not get gained means it is not waste you might have gained experience and through that you will plan for better one so. In my point of view bitcoin mining is not waste of energy.

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November 10, 2017, 06:28:43 AM
 #288

Mining can be a waste of time if mining is fake ang if your mining way is too slow or not true

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November 10, 2017, 11:50:02 AM
 #289

Nothing is waste in life. If you not tried how you know that it is waste or profitable. If you not get gained means it is not waste you might have gained experience and through that you will plan for better one so. In my point of view bitcoin mining is not waste of energy.
Wasting of energy will be concluded if those energy will not used properly. Having different machines or equipment like in the huge company during prodution should have a profitable output in order to get an almost 100% effeciency. Also, in mining process of bitcoin, having a good output during mining over input should be computed, which the source energy is part of that efficiency and the most consumable input.

 In addition, having a huge area of mining rigs should apply first a deep study, knowing its different advantages and disadvatages, the location and area of mining a bitcoin, so that wasting of time will not be experienced and wasting of energy as well.

kyenkirke1976
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November 10, 2017, 01:58:27 PM
 #290

i dont think so...
how it become a waste of energy if you are making money out of here.
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November 10, 2017, 04:20:57 PM
 #291

Isn't Bitcoin mining a waste of energy?




I think is a way of waste of energy if your not earn by using mining your investment, if the electricity use to legal way or for money you need, no reason to say waste of energy mining is need more energy to mine bitcoins . but many way to mine bitcoins like buy hashing power no need to invest a hardware to produce heat or need electricity.
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November 10, 2017, 04:39:30 PM
 #292

You wasted energy posting about this....
Hahahahaa man you nailed it !!! well I dont really see it's a waste of energy. Mining is what keeps the BTC system running. You can see it as a exchange of value. It costs some money for energy to mine Bitcoin. What does it cost to make paper money Huh?
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November 11, 2017, 03:22:51 AM
 #293

It good to use for the future process and get more information for the future business process. If you will put effect you will get more benefit for the improve your self. It will good opportunity for the networking process. You will know the mining software it is important for the mining process. So if you use you will check the mining software.   

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November 11, 2017, 02:04:17 PM
 #294

But if you ask me, I would say we should probably find ways to create cheaper cost mining environment to.mine bitcoins. But I would never say bitcoin is a waste of energy.
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November 11, 2017, 02:12:26 PM
 #295

Isn't Bitcoin mining a waste of energy?



Energy Huh Electricity
Well To mine BITCOIN you need to use about 185 KWH per transaction at present.
How much you are going to input in mining works and rigs matters, if you are starting with <3 mining rig then
It results you a waste of your energy and time.
It is also based on the quality of rig you use which has the best architecture.
Due to 2nd layer transactions, segwin energy consumption per transaction is a bit seems fall down.
The mining output will be costly and you also need to understand the cheaper the electricity the more is the profit.

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November 11, 2017, 06:37:30 PM
 #296

Isn't Bitcoin mining a waste of energy?



Energy Huh Electricity
Well To mine BITCOIN you need to use about 185 KWH per transaction at present.
How much you are going to input in mining works and rigs matters, if you are starting with <3 mining rig then
It results you a waste of your energy and time.
It is also based on the quality of rig you use which has the best architecture.
Due to 2nd layer transactions, segwin energy consumption per transaction is a bit seems fall down.
The mining output will be costly and you also need to understand the cheaper the electricity the more is the profit.


No its not a waste of energy all are money by mining process selling and buying are process to earn money in this way there is no waste of energy all efforts are money.
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November 11, 2017, 07:56:37 PM
 #297

The sheer amount of power used is kind of mind boggling, but when you think about that a very large portion of the BTC hash rate these days comes from major farms near dams which basically provide "free" power it does not sound as bad. Really the bigger problem in my opinion is all the ASICs produced that will be completely worthless and just junked in a few months. That is a ton of valuable resources lost and wasted just sitting or thrown into a landfill.

True, ASICS are produced in order to make people buy them, there are so many of them online and the newbies in BTC that only go with the flow is will buy them and in the next few months will resell their rigs because it is outdated. Sadly a waste a lot of money. Mining of BTC per individual is not efficient now, just leave it to the professional.
And about that waste of energy, there are so many things that can cause a waste of electricity, and BTC is just one of the industry today that uses a large amount of power. This must be addressed to all industry not just one.

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November 11, 2017, 10:29:01 PM
 #298

Well imo, the real question is that probably would be wise to think of more efficient mod of sha 256 (like cryptonite-lite). A modification which would be work on current miner.

Because there are people on the world who has not got any electricty at all...

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November 11, 2017, 10:30:27 PM
 #299

Depends on your setup and time you would like to give for the coin mining.

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November 12, 2017, 06:03:44 AM
 #300

Well in the long run it's not a waste of money, in now way is it a waste of money, especially if you are able to get free energy from day a solar panel or a windmill, because if you can then you don't have to pay the gov for the power needed so lon as you can keep up with the demand of your processors.
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