Bitcoin and global warming

[Rozita]

The greed of miners is causing serious problems for the Earth's climate. The amount of electricity supplied to the mining plant is enormous. We need new solutions to minimize this. Perhaps the plant operators should look for green energy sources to protect the environment and reduce pollution.

Again 1/10th of 1% of the worlds electricity is not something to worry about and is not causing any type of temperature change on this planet.

That's not a low amount when we consider the costs and the effects it can have on environment.

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[Emily2H]

If in the future the amount of energy that is spent on mining bitcoin will increase tenfold - there may be fears. Now everything is ok

[rindayle]

Yes indeed Bitcoin transactions and mining consume a lot of computing power and electricity, this figure is growing every day. Therefore, depending on how the energy used to power computers is obtained, it can contribute to global warming. But now there are projects with the use of alternative fuels that will not happen to this process.

[zubrr51]

It is possible to direct part of the funds from the Bitcoins turnover to the nature protection fund to address global warming issues.

[hildacitra]

You could say so, but one thing should be highlight is that global warming has been happening long time before Bitcoin or Bitcoin mining existing. So, It is foolish claiming bitcoin causes global warming even though we know that bitcoin mining is consuming much energy of electricity, but it is not the one.

[DJ_Rick]

I think that btc and global warming aren't very connected. Sure that after your explanations it is possible to see a certain connection but i think that it is a difficult question and with time we will see what happen

[ginobitcoiner]

You are too far away when discussing bitcoin (mining) if it is associated with global warming, how much energy is spent by crypto currency miners? Is it comparable to mining other precious metals? the energy used by bitcoin miners is only a small part

[Lexurdania]

I dont believe bitcoin have big contribution to global warming. Bitcoin electricity only using not more than 4% from total capacity and i am believe many miner using alternative energy that friendly to environment

[Assface16678]

You could say it about everything.

Gold mining is causing global warming and is harming environment.
Money printing is causing global warming and is making rain forest to disappear.

...


We would have to go back on the trees.. .

This is true. Mining is one of the main reason why the earth continuously being in chaos. With this, we can absolutely do some alternatives and instead of using physical form lf money, that cut treea to be created we can use bitcoin instead. And might as well plan on making groups that will restore the environment.

[halfmil]

The greed of miners is causing serious problems for the Earth's climate. The amount of electricity supplied to the mining plant is enormous. We need new solutions to minimize this. Perhaps the plant operators should look for green energy sources to protect the environment and reduce pollution.

Again 1/10th of 1% of the worlds electricity is not something to worry about and is not causing any type of temperature change on this planet.

That's not a low amount when we consider the costs and the effects it can have on environment.

BS what exactly is the effect and cost of 1/10th of 1% of electricity on the planet? Exactly how much does that raise the temperature of the earth by?

[SIDDHI777]

I think it will reduce global warming ad environmental damage if it is implemented in every where because the current systems make more environmental damage through wastage of electricity and many other ways than Bitcoin and it is the main reason why Bitcoin was invented to make a more sustainable system to do transactions without any obstacles or barriers but with high efficiency and security and it does the job very fine at the moment so I think bitcoin has nothing to do with global warming or any other environmental damage in the world

[delphic]

A passion for cryptocurrencies goes across the global (in any case, European) trend in energy savings and the fight against "global warming." The fruits of the efforts that over the past decades have been spent on more efficient and environmentally friendly energy, will be “eaten away” by mining mining cryptocurrency in the coming years. This means that it is necessary either to increase the cost of energy by several times, which will hit the real economy and prices for all goods, or significantly increase the energy consumption of humanity. Most likely, both at once. Against this background, any struggle to reduce greenhouse gas emissions, etc. - a cheap nonsense. The projections of global warming (and global flooding), which do not take into account the explosive growth of mining, are significantly underestimated. That is, even if the earlier panic about “global warming” was an exaggeration and a fake, then with the rise of “cryptoeconomics” it can really begin.

[larrylegend33]

The biggest question about the Bitcoin mining is: is it worth it i believe.. The spending the electricity for the mining means spending the worlds sources? And the usage raises every new day.. Is it bad or is is good for the earth? There would be many question about that. I believe that the mining is not so necessary i todays world. I have read news about it and it says: When you compared the yearly electricity usage to countries like the Czech Republic, the Bitcoin network uses 102.3 percent of the entire electricity consumed by the country per year..

You can read the full article here: https://cointelegraph.com/news/bitcoin-minings-electricity-bill-is-it-worth-it

[zwiggel]

Yes. Bitcoin is a big electronic currency. It has a huge market capitalization. There are many people who invest in bitcoin. The bitcoin price peaked at $ 20,000. It makes the electronic money market so vibrant. Many companies, large corporations invest in bitcoin.

[TheClownSong]

Its true that Proof of Work coin need more electricity than Proof of Stake. But its creating transparancy in data transaction and its much secure on the data. Right now, we are living in the world with many innovation, i am believe energy alternative that more friendly to environment can used for bitcoin mining because its much cheaper and saving a lot cost

[goodluck0319]

many people implement POS for this, but still I believe that this method does not allow the cryptocurrency to be unique and difficult to produce, so the waste of electricity is one of the disadvantages of cryptocurrencies

[happyme1818]

Global warming is already been a problem ever before  Bitcoin invention. Those who make it a big deal are those people who are against it and paid the mainstream media to make it sensational.

[ranman09]

1. I think our main problem is the huge electricity expense induced by mining and its noxious effect on the climate. This is, to my mind, the only serious argument against Bitcoin.
Alleviating the electricity expense should be one of our priorities.
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1. Not even close. If you compare bitcoin mining to the electric consumption for the biggest malls in China you will be amazed how puny the numbers behind bitcoin mining are. If you're going to compare the pollution and add naval shipment in the equation you will find out that bitcoin is the LAST of our problems.
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1. If this is the case, still we need to make bitcoin green. To help the earth. Or are we, "they're bigger sue them first".

I agree with the usage of more greener electricity sources like wind, water, and sun. We should take part of the responsibility because we live on the same earth.

[M4NDELL]

Indeed, one of the disadvantages of cryptocurrency is the high consumption of energy resources for mining coins. The question will remain unresolved until a way is found to produce a huge amount of electricity without harming the environment.

[reverseflash]

Bitcoin is real, and the most commonly called causes of global warming are not. This question has long been studied and revealed that the average temperature on the planet has repeatedly significantly exceeded current figures, and at that time when electricity and industry were not even suspected. Now, many use the contrived problem to attract attention.