Bitcoin and global warming

[pavka]

If mining has not become the main cause of ecological catastrophe and global warming, it contributes to its aggravation. It is clear that no one will refuse to extract coins, but you must definitely think of a way to get energy resources in an environmentally friendly manner.

[Sirait]

don't make Bitcoin a suspect, Bitcoin has nothing intercourse with global warming and I don't think mining affects air much, which makes global warming is human. I've seen how forest fires for open land and factory fumes and motorized vehicles pollute the air. hopefully, human activities that make the air dirtier can be reduced.

[cahbagus555]

I dont think bitcoin have global warming issue. Bitcoin only using not more than 1% than total capacity. Beside that, bitcoin miner can use alternative energy that much more lower cost.

[EllenSmith]

digging bitcoin consumes a lot of energy, which is also a cause for the warming of the Earth. But now, with the advancement of science and technology, alternative energy has been used to reduce energy consumption and costs, such as using solar cells.

[jobukegoya]

If mining has not become the main cause of ecological catastrophe and global warming, it contributes to its aggravation. It is clear that no one will refuse to extract coins, but you must definitely think of a way to get energy resources in an environmentally friendly manner.

The relationship between bitcoin and global warming is available in natural resources. Using bitcoin will reduce the felling of trees in the forest which has an impact on the environment, namely preventing flooding, because traditional money is very wasteful of paper and the raw material for paper is wood.

[OSYA]

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. If we do not do it for the sake of the Earth (which we really should) we should at least do it selfishly because governments will not tolerate this forever and they will be right. The more the exchange rate increases, the worse it gets, of course.
Some solutions exist though: first there is proof-of-stake, of course. This technology may be too young to be deemed reliable enough but we should at least start considering it.
If we do not like proof-of-stake I think we could drammatically decrease the electricity expense by stopping monetary creation now. Nowdays Bitcoin is famous enough to remain secure even if miners earned transaction fees only. And if as a whole there are 16.5 M coins instead of 21 M, this does not make much of a difference. That is even good for holders. To make miners agree with that solution, they must be compensated for their lost income.  More precisely, active miners must be compensated because they have already bought ASICs. Futures miners do not need to be compensated. Since mining is a competitive industry, future miners will make no profit on average, whatever the reward scheme. To compensate active miners we could decide that the next 2016 blocks yield, say, 100 new coins and then 0 forever. Everybody would win and the Earth above all!
There are probably many other solutions and I wish the community cared a little more about this fundamental issue.

I have never thought about this problem. I agree that mining requires high energy consumption. Some of my friends that are mining bitcoins, heat with produced energy the whole house at winter. Basically, they increased electricity consumption but they are saving energy on heating at winter.

[bitfocus]

You can link global worming to almost anything from water petrifaction plants to web servers - why only BTC to blame?

[J Gambler]

Bitcoin mining is really contributing in the global warming but as others are saying even banks are doing the same maybe when the time comes that bitcoin replaced the currency fiat system then it will be an acceptable use of energy and contribution to the global warming.

If bitcoin will be successful, this will lessen the production of paper bills, hence lower the polution from factories and improve our environment. However, for us to produce cryptocurrencies, we need to mine them. So I guess this will still be the same.

[AlexVoron]

I think that production of cryptocurrency and thermal energy which is allocated at the same time process - it very small part from all industrial processes and factories which influence much worse a global warming, than, for example, mining. I want to say as well that I have the friend who invented in his private house the system of heating which works from mining equipment. In such a manner he heats house and engages in production  of cryptocurrency!

[Emily_Davis]

Why are news outlets so hung up on blaming global warming to bitcoin mining? There are a lot of factors contributing to climate change, particularly those that burn fossil fuels. Why blame bitcoin mining? Pretty sure they're doing this just to keep people out of bitcoin and cryptocurrency.

[MMS2017]

Bitcoin is not a dust, smoke, fuel or dangerous gas which can harmful to the world but it is a coin or currency like we use currencies in the world so in my opinion bitcoin is not contributing global warming and soon we will accept it for global trade if we use it we will know it's features and it is money so it can be a complete and current asset.

[thenameisjay]

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. If we do not do it for the sake of the Earth (which we really should) we should at least do it selfishly because governments will not tolerate this forever and they will be right. The more the exchange rate increases, the worse it gets, of course.
Some solutions exist though: first there is proof-of-stake, of course. This technology may be too young to be deemed reliable enough but we should at least start considering it.
If we do not like proof-of-stake I think we could drammatically decrease the electricity expense by stopping monetary creation now. Nowdays Bitcoin is famous enough to remain secure even if miners earned transaction fees only. And if as a whole there are 16.5 M coins instead of 21 M, this does not make much of a difference. That is even good for holders. To make miners agree with that solution, they must be compensated for their lost income.  More precisely, active miners must be compensated because they have already bought ASICs. Futures miners do not need to be compensated. Since mining is a competitive industry, future miners will make no profit on average, whatever the reward scheme. To compensate active miners we could decide that the next 2016 blocks yield, say, 100 new coins and then 0 forever. Everybody would win and the Earth above all!
There are probably many other solutions and I wish the community cared a little more about this fundamental issue.

I actually think that mining bitcoins nowadays are more environmentally friendly compared to harvesting cotton or paper for paper money. I know it consumes oil and all but the extent of them using it is way smaller than vehicles and factories will ever have to use.

[DanieIssac]

As bitcoin prices increase, diggers will consume more power until the cost of electricity is equal to sales. One solution to this problem is to use economical digging algorithms. bitcoin, bitcoin gold uses a memory-based digging algorithm that consumes less power, though still consumes a lot of energy. In addition, many other money saving virtualization algorithms

[celer]

If mining has not become the main cause of ecological catastrophe and global warming, it contributes to its aggravation. It is clear that no one will refuse to extract coins, but you must definitely think of a way to get energy resources in an environmentally friendly manner.

But mining is much less harmful to the environment than industry that emits toxic substances. Every day mining is not more profitable, so I think that  PoS mining is promising

[bagsat]

Bitcoin is nothing to do with global warming. Global warning is an increase of global temprature which causes climate change. The reason of it are when carbon dioxide, other air pollutants and greenhouse gases collect in the atmosphere and absorb sunlight and solar radiation that have bounced off the earth’s surface.

[airdnasxela]

I think you have some point especially on the side of electricity because yes,  it is rePpy MN really indeed costly in terms of electricity because of the mining industries that consume a vast amount of electricity. More and more mining industries means more are more users of electricity that can be a contributor to global warming. Yes it is right that for now,  it is not yet a problem because there are not yet too many mining industries but when we reach that point,  maybe that is the time that we can make a solution and even that is the case, we know that is really very hard for us to make a move because there is no really a governing body here that can govern all bitcoin traders and users. So this is really a hard problem to deal with.

[hahay]

this has absolutely nothing to do with global warming. Bitcoin is a virtual currency that is accessed on the internet which means global warming is caused by smoke pollution and tree felling. maybe subjecknya more precisely mining and global warming because mining has an effect on the effects of hot temperatures

Global warming is not only caused by smoke pollution and tree felling, we can admit to confirming that bitcoin transactions require mining so that the transactions we perform can work well, and in accessing the internet and mining we need and will use considerable electricity, the greater the electrical power we need will also make global warming that we don't realize. so there are many factors that make global warming continue to increase every day.

[vgk88]

I think that Bitcoin does not pose a really big threat to the environment. In our world there are many sources of pollution that pollute the environment much more than Bitcoin.

[ICOTechSupport]

I think the bitcoin can make some CSR or known as customer service relationship,
helping the nature by itself to recover from continuous destruction is a big thing not just for you but for the entire world

[BuyBuyBitcoin]

Bitcoin will save millions of tree's, once the paper stops being printed.