Can actually Bitcoin be good for the environment?

[Macon Bargeman]

I think your main concern refers to mining and the (excessive) electricity spent on it.
However, everyone doing mining actually pays the price. So this become an ethical question and concerns not only bitcoin, blockchain and mining, but also the general environmental attitude we have towards our planet.
So should we stop bitcoin mining because of the environment?
I think we have more serious environmental concerns to be worried about right now! And bitcoin mining is the last one in that list!

[Mcdacillo]

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

In my own perspective, At first that I discovered or I learned manythings at bitcoin, even a percent chance, I didn't think that bitcoinis bad for environment. Though it is true that earning bitcoin through mining can use a lot of electricity even trading or simply buying because bitcoin can access through internet. But it is not too bad for environment since it doesn't release any chemical effect that can affect the environment.

[Morvarid89]

It is the truth. Because Bitcoin only uses electric energy for survival and that is really good for the environment

[dupee419]

Environmentally speaking I don't think BTC is the main reason but rather ELECTRICITY being the reason why environment is being reshaped, but it doesn't entirely means that BTC is the main reason around here, and economically speaking, BTC has actually uplifted some countries that are having problems in terms of their economic growth, and I don't think it strongly affects their environment, some countries have different causes of environmental breakdowns but I don't think that BTC has ever been the main reason of this.

[liseff3]

Actually there are many other electrical tools, which I think is the biggest contributor to the waste of electrical energy, but because bitcoin's one of the commodities hated mainly by the government and banking, it is no wonder if in the end bitcoin mining's said to be the activity that discharges the largest electrical energy.

[Markettoken]

I think for bitcoin living environment there is no effect, even can to donate bitcoin instead the contribution of carbon problems may depend but I think it is more useful than bad

[appcoin.info]

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

There are lots of industries which consume high electricity and it seems that it could not be totally changed. Instead, solar power usage should be promoted. So bitcoin can create the same solar system to use electricity.

[Eden Thompson]

 Yes, but not so much because of the electrical use (that is important but there is a worse thing).
 The disaster is that it is reckoned as a store of “value” and that means that people invest in it and tie large amounts of resources and work APART from electricity to the not-quite-a-currency. It isn’t entirely at fault. It would not be attractive and probably would not exist if our nations and societies used a sane definition of money.
 Currently you cannot find any economist who can even tell you the answer to “What is money anyway?”
 Not in any real terms and the money we have represents debt and is controlled by banksters. So the attractions of Gold and Bitcoin and the rest.

[Phinoy]

    Bitcoin is good for the environment. The things that affects the environment is not the bitcoin itself but the tecnology that we used to generate bitcoin. Like mining and other power source that produced radiation.

It will be the good thing for the environment not just good but the best way for people who are in vices or in a drugs why don't you busy with other things like bitcoin unlike you've been in bad thing's that's why im good in bitcoin.

[Harpawan]

. everyone who does the mining really pays the price. So this becomes an ethical question and not just about bitcoin, blockchain and mining, but also the general environmental attitude we have toward our planet

[eashikde]

Yes, because you can see that there are many projects related to the environment that offer very interesting and promising ideas. Therefore we will wait, I think there are pluses and will be.

[oanhphong]

Bitcoin can not waste energy and pollute the environment. When producing paper money, it also takes trees or wood, takes time to create the plant, exhausts the environment, and digs gold. mine ... Bitcoin just use the computer to dig how do affect the environment ?

[meerkatoken]

Yes !

As soon as we have fusion energy on anything else that is truly self-sustaining (not just renewable). If we have free electricity it is pretty reasonable to create money from it. The cash system is a huge impact on the environment but right now if BTC would be mined as such that the whole financial system uses it, well that would not be suitable for the environment with current sources of electricity. Also the electricity network would fail I believe.

[sacred32700]

For someone it is actually yes because it helps a lot  for your future and your needs in life and also to help to others but in bad side the people are just facing their computers or any gadgets all the time because they need to do a task and to be aware what is happening in the price market of bitcoin.

[bitbunnny]

Having in mind huge amount of electricity that Bitcoin mining farms are using then Bitcoin is not environment friendly.
Still with alternative sources of energy, like wind that is used for electricity production this might change a bit. And especialy with some sustainable energy sources which I beleive would be available for mass usage soon.

[johan36]

I think yes Bitcoin is good for the environment , because this technology that we used to generate bitcoin whether you like it or not it can create many job opportunities and helps many people.

[Kathleen Martinss]

Even so, we can not deny Bitcoin's impact on the environment. A study was made and posted on the Digiconomist, a site dedicated to the study and assessment of the ecological impacts of Bitcoin, published alarming data. Storage of transactions alone requires an average annual energy consumption of 30.14 billion kWh per hour, equivalent to an annual output of four nuclear power plants, but more Continuous operation of all computers to solve complex algorithms, will result in power consumption in excess of 42 Twh, equivalent to 0.19% of power consumption worldwide. Every day the Digiconomist web site publishes digitized data and illustrated examples to warn consumers of this problem. On 17-1-2018, the energy consumption of this coded currency was equal to At the same time, new Bitcoin diggers will be involved in the process of verifying transactions and adding them to Blockchain. This not only increases the demand for electricity but also increases carbon emissions. According to data obtained from a Bitcoin mining facility in Mongolia. By exploiting a BTC, the facility generates about 8,000 to 13,000 kilograms of carbon dioxide, or about 24,000 to 40,000 kilograms of CO2 per hour of mining.

[bitlind]

I think there is no reason that bitcoin becomes bad to the environment. As a matter of fact it helps a lot of people in the invirinment to grow their knowledge and to improve their social life. It also helps to the unemployed people which can be a good job for them.

I agree with you because people still use electricity for everyday use in PC. It will be great if more and more solar panels will be used for it.

[jackky]

Bitcoin is only used on the internet and is not related to the environment. I just see the bitcoin mining is having a bad influence on the environment. Because there are some bitcoin farms that cut down the forest for the purpose of building Bitcoin farms

[BTalarmus]

Of course bitcoin will be good for environment because electronical coins don’t need paper and wood to produce it. Miners will use renewable sources of energy that’s why no negative impact towards nature will be produced.