Can actually Bitcoin be good for the environment?

[gohan21]

The bitcoin is a good game and I do not have any problem with bitcoins because only investors have a problem with the bitcoin price right now.

[amber deposit]

Of course there are several alternatives that can help reduce the carbon footprint generated by bitcoin, although compared to the pollution produced by industries of similar value, bitcoin seems to be little harmful to the environment. It is true that perhaps the environmental factor was not taken into account when designing the creation of bitcoin, but it is also undeniable that bitcoin is in the process of decay and new altcoins less energy consumers will take its place.

[arienna23]

You should have been more focus on other things that polute the environment rather than seeing bitcoin as a the one who polute the entire environment. Bitcoin mining doesn't contribute big energy consumption compared to banks that use a huge amount of electricity in their daily transactions.

[udidrone]

You should have been more focus on other things that polute the environment rather than seeing bitcoin as a the one who polute the entire environment. Bitcoin mining doesn't contribute big energy consumption compared to banks that use a huge amount of electricity in their daily transactions.

i think almost all everything that need energy will not be good for  environment. But, there are a lot of thing and project that  use natural environment to do crypto thing like mining with solar panel, etc. It is better to develop something like that than compared everything that bad for environment

[delphic]

Oh,before I speak about the hazards of mining bitcoin,let him first clean up the garbage Islands out of the ocean!There are many much more harmful things and industries than mining and blockchain technology.Yes, of course, a lot of energy is consumed.BUT this is not critical and ways to improve already in development.You just need to repurpose some devices so that they do not work in vain.Consumption will decrease in the near future.Compare how much old and new devices consume.New all energy saving.The same is waiting for mining.

[Bonsaiav]

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? 

Our ears may be familiar, with negative statements made by governments, politicians, or third parties who hate bitcoin. Bitcoin's one of the financial components that are hated by the government, it's very natural that they give a negative color to bitcoin, and how to procure it namely mining. I never thought, that bitcoin's bad for the environment because basically, bitcoin's just a media or digital device, that we can use, both as a payment medium and as an investment asset

[hakertajniak]

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?

Bitcoin mining is not too affecting environment in a harmful way. Mining only need some resources like electricity, and just produce heat.
cryptocurrency mining will stay good for environment unless there are some wrong way to generate electricity that producing harmful waste products.

[BeGoods]

Comparing it to traditional banking system, bitcoin uses less electricity than the banks. Not only do they use electricity during business hours, but also those ATMs that are open 24/7. Cryptocurrency, on the other hand, do not take that much energy per transaction, which makes it better than traditional banking. Because it is paperless, the amount of electricity you will be using will be less.

Yeah bitcoin is environmentally friendly, especially compared to cash/ physical money requires basic material from paper and if I'm not mistaken, paper is taken from tree wood and of course it's not good for the environment. whereas btcoin is on the internet network, which means wherever you are you can access it only with a gadget. I think it's already very good for the environment

[liseff3]

At the beginning of the launch, bitcoin is often ridiculed and insulted or underestimated by those who hate it. However, when virtual currencies have transformed into new investment instruments that are increasingly popular, bitcoin is often linked to acts of crime, money laundering, etc. Not only that mining activities too, often get scathing attention from various parties and they assume that bitcoin mining can adversely affect the environment and waste electricity.

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?

IMO, bitcoin doesn't adversely affect the environment just the opposite. Bitcoin has provided evidence to us, that it can improve the economy of a person by means and the ability of each, not even a few people who become new millionaires because of it. For me, bitcoin's better than conventional currency. Bitcoin mining activities are not the same as gold mining activities, because this activity only comes from electricity. I think if bitcoin miners are still able to pay for the electricity they consume this's a legitimate act and this's not detrimental.

[zhelis74]

Comparing it to traditional banking system, bitcoin uses less electricity than the banks. Not only do they use electricity during business hours, but also those ATMs that are open 24/7. Cryptocurrency, on the other hand, do not take that much energy per transaction, which makes it better than traditional banking. Because it is paperless, the amount of electricity you will be using will be less.

Yeah bitcoin is environmentally friendly, especially compared to cash/ physical money requires basic material from paper and if I'm not mistaken, paper is taken from tree wood and of course it's not good for the environment. whereas btcoin is on the internet network, which means wherever you are you can access it only with a gadget. I think it's already very good for the environment

Yes, I agree with you sir because bitcoin is an electronics form of money and go with the flow of world's advance digital technology through internet system, even though there are some arguments that bitcoin is a waste of energy because of bitcoin mining but still it can't directly point out as waste because we know that there are more green energy to be use as a source of electrical energy.

[Ethan Argu]

Yes bitcoin can helped our enviroment by using digital payment we can no longer use paper money to buy things it can help in our enviroment. Build and organization that Save fund for enviromental activities.

[MUSFIKAR]

Yes, it is certain that Bitcoin is good for the environment. It does not have an adverse effect on the environment. Hopefully electricity consumption for mining Bitcoin has several effects on the environment. But we think that there must be restrictions on the use of mining and electrical energy every day.

[cryptoalfs76]

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?

Actualy theres a lot of positive impact giving by the bitcoin to the economy,and one factors of this thats you stated is those project like electricity,mining,energy saving consumption and many others by creating many ICO project,they can cultivate a good outpout fo the economy by means of digital currency and someday,could create a cashless society.

[semarmesem195]

Maybe, because bitcoin has advantages like reducing crime like stealing. Because we all know bitcoin cannot be stolen by people, because cryptocurrency-related wallets have very guaranteed security.

[makanele]

The use of solar energy will be encouraged. Hence bitcoin can not target high power consumption and blame. When using too much power just to fill the energy required in mining is really worrying unless it uses a panel Very large solar power. Emitted energy is contributing to the greenhouse effect.

[Andrea43Turner]

What makes you think Bitcoin is not good for the environment? Did the hasty development of electronic technology affect the environment?

[TheCoinGrabber]

You probably heard about mines that got shut down in China for taking advantage of the cheap coal-powered electricity. I would say Bitcoin is only as "dirty" as the energy source used to mine it.

If you used green energy to mine it, then it too is green. Forgot the exact link but there were people planning to mine somewhere near the Arctic and use the residual heat from the miners to warm houses. If that is done in Norway then better since they get their electricity from geothermal plants.

[efxtrader]

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?

I dont believe bitcoin bad for environment. Electricity consumption for mining bitcoin is not more 3% from total consumption. People feed with negative news about bitcoin and we should read right data. Beside that, right now many alternative energy we can use for bitcoin mining

[rudox]

So long as majority of this mining are done with fossil energy which deplete the ozone layer still remain inimical to the environment. Until there will be an alternative energy source that will be used for the mining  that will not harm the environment then it will the best and this will shift attention from bitcoinand other cryptocurrencies. Miners can exploit the solar source or wind.

[pinoyden]

~ snip ~

I dont believe bitcoin bad for environment. Electricity consumption for mining bitcoin is not more 3% from total consumption. People feed with negative news about bitcoin and we should read right data. Beside that, right now many alternative energy we can use for bitcoin mining

i agree on the last two paragraphs you said above but i wont agree on the first part because eletctric consumption caused by mining is not only 3% or below . miner  are powerful types of hardware in order for them to be effective as much as possible and with that said , do you think they will only consume less electricity?   I guess not .

Also , using other types of energy like solar , wind , water , etc is not really beneficial because the power that you will get is only small and not as powerful as a real miner .