Bitcoin and global warming

[Jombrangs]

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

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[Vart4varta]

On the example of China, you can see how mining bitcoin can damage the global ecology. Now more than 60% of all computer technology in China is used in the production of bitcoins. In this country, most of the electricity is produced by burning coal.
As a result of coal combustion, carbon dioxide emissions into the atmosphere increase. This gas is the main factor of global warming. Accordingly, the increase in electricity consumption by the miners can lead to an increase in electricity generation by burning coal in China, which provokes negative environmental changes.

[thevlox]

Bitcoin is a famous cryptocurrency. other currency of the price rise to get out of bitcoin of on depends by. because bitcoin all at the top of a coin. global warming is every day world in a lot of the part of carbon dioxide of creation is with, and a lot of harmful gas. and the due to the global warming the dimensions of the leads.

[takadada]

The BTC is heating up, and it has a strong legal base. Bitcoin has led to an increase in demand for electricity, which generates heat, which in turn affects global warming. It has recently been discovered that the energy used by bitcoin miners is equivalent to 150 user countries, and such energy consumption is likely to lead to harmful effects on the environment.

[bajarang8668]

Bitcoin mining uses a lot of mining hardware and they required electricity so global warming increases. And also the competition of bitcoin mining or altcoin mining increase difficulty it"s also increases global warming.

[The Scorpion]

Renewable energy sources can be a solution
 And Most of the advanced countries are already moving towards renewable sources of energy. To fuel the energy need for cryptocurrency mining, renewable sources of energy may not be highly reliable because of the following drawbacks they have:
•   Bigger infrastructure
•   Not as efficient as fossil fuels in energy production
•   Getting 100 % efficiency can be challenging
•   Always reliable on weather conditions and other natural phenomenon
•   They are inconsistent and difficult to predict in terms of output

If the above mentioned problems are sorted, then we will be able to make use of renewable resources to mine cryptocurrencies. I personally believe that cryptocurrencies and blockchain technology is going to be future for all the sectors in the world. It will be great if we be little more responsible and look for a solution to handle the energy, climate and global warming issues.

[markleal]

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.

Hi there benjiw! Yes indeed, mining bitcoin need a lot of power or energy which mostly came from a diesel power plant. Other have utilized nuclear power plant which is also hazardous to the environment. But recently there are a lot of miners that are transitioning from coal, diesel or nuc to a renewable energy. I am talking about the solar and wind energy. The initial investment could be much higher than the common source or electricity but it would be more rewarding after three or four years. Those miners who use renewable energy could have much higher income compared to those who are on the grid. Additionally, those miners help to prevent global warming.

[musta5a]

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

we need to care about the environment too. It would make most sense to use green sources of energy for bitcoin mining instead of some coal burnt electricity and similar sources...

[stompix]

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

It's going probably to be the first currency with customer support.
So who is going to employ these guys answering the phones? Satoshi?

we need to care about the environment too. It would make most sense to use green sources of energy for bitcoin mining instead of some coal burnt electricity and similar sources...

Energy consumption is a zero game.
If somebody burns green energy then somebody else must burn "dirty" energy as coal or oil or nuclear.
If you add a consumer and you don't increase production in green energy then it's going to be bad.

And nobody can decide what kind of energy you use if you're connected to the grid, even if you're 25 km away from a hydroelectric plant you might get the energy that was produced by a coal plant.

Beside that, miner can use renewable energy that not affecting on global warming

Yeah, the lie of the century.

[takesomethingaway]

Money printing causes global warming and makes rain forests disappear. You could be right that the process of making fiat and gold harm the environment but if we adjust the billing system to digitized forms, this will create turmoil in the economies of those countries. world.

[hakertajniak]

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 dont think bitcoin mining will bring a massive impact of our climate. Bitcoin mining only cost electricity and produce heat.
If you compare it with fiat money production, they have more waste product than bitcoin.
Proof of stake is good, but i still prefer with proof of work because it is using external resources.

[jcojci]

I only know that for mining bitcoin, it uses electricity which will be gone in the future so we need to search another energy to still mining bitcoin and the other coins. and I am sure that we can solve this problem so we can reduce global warming and we can still continue to mining bitcoin until the last bitcoin which need more than 50 years. but this is only for the biggest mining company that needs another energy and meanwhile, the rest of the people don't have to worry about this and they can do another thing in their daily life.

[Nunoluck]

Do not think narrowly, there are still many causes of global warming which result in greater impact than bitcoin operation. There are many things that we can do to stop globall warmings, we can reduce the usage of paper because many trees are being cut down for that, we can help the earth by reduce the usage of paper by give more support for bitcoin and reduce the usage of paper money.

[copperton]

Bitcoin alone is not responsible for global warming u want to say when mining is doing then electricity consumption harm our environment but only this is not also printing currency,Gold Production,cloth manufacturing and vehicles is also responsible, bitcoin is the future currency and its really helpful for our economy so don't relate bitcoin with global warming.

[neite99]

For sure there are many industries that consume much more electricity than the miners, but this can`t resonate the huge consumption of electricity by miners, the solution have to come and there are ways but first the greed must be controlled I beleive.

[eolitic]

I agree that global warming is a very important and dangerous issue. But what about global pollution, rubbish island which is bigger than France. The problem is much more serious that you have described here. It's just a tiny part of the harm we are doing to our planet. You are offering to stop mining and be happy with what we already have. Ok, let's say we are done, no more mining. Do you think it will change the situation? no, it won't. So if we want to save our planet, we need to think globally, forbid plastic, forbid oil mining, forbid the usage of chemicals, forbid forests devastation, forbid killing of animals. But nobody will agree to do this, so we are going to extinct soon. I feel really sorry for what we've done because of our greed and selfishness.

[Gameroid]

Bitcoin alone is not responsible for global warming u want to say when mining is doing then electricity consumption harm our environment but only this is not also printing currency,Gold Production,cloth manufacturing and vehicles is also responsible, bitcoin is the future currency and its really helpful for our economy so don't relate bitcoin with global warming.

Yes it is right that bitcoin do not have effect on global warming, bitcoin is only a currency but still in most of the places people do not have any idea about it, i think that very soon bitcoin will become popular and then all the people of the world will start using bitcoin.

[Gdra467]

I know a blockchain ICO trying to fix the problem of huge electricity demand problem of bitcoin mining. There may be other projects in or out of blockchain trying to solve this problem too. It very likely that these projects will succeed because of the high demand for cheaper source of energy for mining activities.

[crustycrab666]

Energy for mining is quite an impact on the environment. So I see there are many mining projects that carry environmentally friendly projects by utilizing a variety of alternative energy.

[BlackHills41]

Money printing cause global warming. I don't think btc never affect global warming neither.