xWolfx
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Donating 10% to charity
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August 22, 2018, 06:43:38 PM |
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I want to reply here even after so many answers because this is a wonderful topic.
What you are saying here is the actual state of affairs related to Bitcoin. What we need to pay more attention to is how the future can be when utilizing this technology for everyday transactions. I still believe that Bitcoin will NOT replace fiat currency, people will be able to choose what they want to use.
As soon as mining is finally over, all that electricity consumption will be reduced substantially. Problem is, a lot of machines will be dumped - But they can also be recycled. Then the truly green era of Bitcoin would start.
Also, as electric companies move to more clean energy sources the effect will be really impressive. However, citizens need to continue pushing for it to happen.
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zarintasnim
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August 22, 2018, 06:54:28 PM |
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Yes bitcoin is good for environment. Bitcoin has no negative impact of environment. Other in banking sector use lot of electricity they have negative impact of environment. Bitcoin have lot of good side and they help grow many system in environment.
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kolsernik
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August 22, 2018, 07:02:41 PM |
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Bitcoin will soon reach the stage that its production will be carried out completely with the help of alternative energy sources.It seems to me that comparing the energy that is spent on bitcoin mining and the energy spent by a person in the office is somehow illogical
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itzura
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August 22, 2018, 07:14:00 PM |
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that bitcoin is not needed to be present in physical form (such as fiat money) that proves bitcoin does not need to spend paper and metal which of course will consume natural resources in the form of trees and metals. That is another point of bitcoin that is good for the environment,
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Voidcrafter
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August 22, 2018, 07:16:02 PM |
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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?
Mining bitcoin may not create the environmental conditions around. Machines and computers create a lot of warmth. And warmth need somewhere to use, but where you ask. This is the question you need to think about to get an eco-friendly product from bitcoin mining. |
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maloibtc
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August 22, 2018, 07:43:26 PM |
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I think that btc can be good for the environment but I am not sure that I know how exactly and when it will become like this. As for me, this is the best way to trade, I don't know how else to use btc
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SilverCup08
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August 23, 2018, 04:23:48 PM |
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I would not say that it's completely good for the environment but it does lesser harm than actual physical currency. For one, it does not require printing versus physical currency. What is used for printing. Papers, right? Where do papers come from? The trees!
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Catch-22
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https://crowdsale.network
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August 23, 2018, 05:52:30 PM |
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Bitcoin does require a lot of electricity. But the benefits far outweigh the disadvantages. And besides, renewable energy can be utilize to minimize the negative effect of bitcoin into the environment.
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ngocdhbk2
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August 23, 2018, 06:14:56 PM |
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The energy consumed for Bitcoin mining is small compared to traditional work. The pollution caused to the environment is very small. Tapping requires large amounts of electricity but the world has a large number of banks and their buildings are countless, if there is no bank, we can save all the electricity and can save the environment. Normal people will save bank fees and time because we can do it ourselves in seconds.
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Ompyon
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August 23, 2018, 07:36:40 PM |
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Bitcoin does require a lot of electricity. But the benefits far outweigh the disadvantages. And besides, renewable energy can be utilize to minimize the negative effect of bitcoin into the environment.
That's right, especially now that there are many environmentally friendly energy, such as using solar energy for example, all parties must have thought about this problem, that's why they always try to always improve the situation, with new findings |
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threegods
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August 27, 2018, 12:33:17 AM |
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The traditional bitcoin mining does waste a lot of resources, but with the current mining methods of other altcoins changing, the loss of resources is not as exaggerated as bitcoin. But its still good for the environment if ammended
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Vincemanam21
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August 27, 2018, 02:43:24 AM |
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Bitcoin will never affect the environment.but the process of having it like mining affects it because it uses high consumption on energy..
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Oggy Pogi
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August 31, 2018, 10:58:51 PM |
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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?
Then start finding or sourcing out an alternative source of electricity such as putting mining farm in an open field in which they can cater establishing a solar panel farm just to sustain their environmental source of electricity so that they will not have to use that much of their money paying for a large electricity bill to support the operating power for mining of Bitcoin. Also, there are already lots of sources that have already proven and tested in which I think thry can already afford to purchase for the reason that it is also for their own sake. |
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killerfrost
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August 31, 2018, 11:26:21 PM |
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I think bitcoin is not good for the environment. Bitcoin has consumed a lot of energy. Using computer to dig up bitcoin has consumed a large amount of electricity in the world.
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Piranha1
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September 01, 2018, 01:03:33 AM |
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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?
No i don't think so. Even without bitcoin the world is already changing to a compiter technology. Even the small children or even infant uses electricity for their gadgets. Bitcoin is just a part of this technology. Its the plastic waste that are causing harm to our environment. |
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bellator66
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September 01, 2018, 01:08:07 AM |
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bitcoin is a good project they help the environment to improve and grow the world system, and many of the lives of those who are helped by bitcoin are all successful in their lives by bitcoin, I want to thank bitcoin.
because there are so many people around the world who are helped by bitcoin,
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Hiru941126
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September 01, 2018, 01:14:19 AM |
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Yes, because we do not handle the transactions with the paper bills we are saving trees.
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jamota
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September 01, 2018, 01:19:09 AM |
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Machines and computers create a lot of warmth. And warmth requires a place to use, but where do you ask. This is the question you need to think about to get environmentally friendly products from bitcoin mining.
Bitcoin mining may not create environmental conditions.
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iMark
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September 01, 2018, 01:35:49 AM |
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I think bitcoin is not good for the environment. Bitcoin has consumed a lot of energy. Using computer to dig up bitcoin has consumed a large amount of electricity in the world.
At least it is more friendly than cash, electricity does not have a big adverse impact on the environment, while cash from paper materials is made from wood-based materials and of course it's not good for the environment, with digital we save trees |
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DoublerHunter
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September 01, 2018, 03:26:31 AM |
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It will be good for the environment if they will be having bitcoin because bitcoin is not just all about the money or profit that you can make with bitcoin because you can also take advantage of the technology called blockchain where you can implement it to have a faster and more AI based system that can help to make a better version of our environment.
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