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Author Topic: Environmental Disaster: Bitcoin  (Read 104 times)
RawDog
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July 07, 2018, 03:32:05 PM
 #1

In March 2018, Bitcoin uses 343 Megawatts for mining - https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280
1 ton of carbon is produced for every Megawatt/hour.  https://carbonpositivelife.com/co2-per-kwh-of-electricity/


Therefore, Bitcoin currently produces MORE THAN 343 tons of carbon per hour!!!!
The oceans are become very polluted with carbonic acid and it is killing coral all over the planet.  Bitcoin is killing our ocean.

Proof of work is an environmental disaster.  We must stop now!!!
This is not BS.  We must stop Bitcoin!

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July 07, 2018, 04:02:45 PM
 #2

Yes, we must stop Bitcoin!!! Not only is it killing the planet, but it abducts children at night and causes cancer! Do you realize how much heat mining produces too? That alone is enough to heat up the earth and burn everyone here to a crisp. The heat from the miners is accumulating in the atmosphere!!

**Beware** Roll Eyes
/s


Doesn't a significant amount of mining take place in areas that have cheap electricity? Isn't that electricity cheap because it is largely powered by renewables? Obviously, Bitcoin uses a lot of energy. That's part of the gold rush. However, the world is currently (slowly but surely) transitioning to renewables. This coupled with mining efficiency improvements should make the energy consumption a non-issue as time goes on. Energy consumption will also level off as Bitcoin cannot break the laws of physics and consume an infinite amount of energy.

Not only that but the energy Bitcoin uses today pales in comparison to the energy consumption of the industries Bitcoin is disrupting.
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July 07, 2018, 04:08:15 PM
 #3

Yes, we must stop Bitcoin!!! Not only is it killing the planet, but it abducts children at night and causes cancer! Do you realize how much heat mining produces too? That alone is enough to heat up the earth and burn everyone here to a crisp. The heat from the miners is accumulating in the atmosphere!!

**Beware** Roll Eyes
/s


Doesn't a significant amount of mining take place in areas that have cheap electricity? Isn't that electricity cheap because it is largely powered by renewables? Obviously, Bitcoin uses a lot of energy. That's part of the gold rush. However, the world is currently (slowly but surely) transitioning to renewables. This coupled with mining efficiency improvements should make the energy consumption a non-issue as time goes on. Energy consumption will also level off as Bitcoin cannot break the laws of physics and consume an infinite amount of energy.

I laughed so hard i couldn't hold myself. There isn't a money spinning process that doesn't requires some form of energy either directly or indirectly. And to say that trees are not using or needing any some more of the carbon produced (if at all any is produced) leaves me wondering at the kind of Chemistry this person ever did.  Bitcoin is all electricity and it may come from renewable sources.

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July 07, 2018, 04:27:18 PM
 #4

Talking about mining, take the example of Gold. Where Mercure is massively used and then thrown in the rivers. The fishes are tainted with it, and people are eating this. producing coal-fired energy is also a source of pollution. Cars are worst when it's time to pollution so

WARNING! WE MUST STOP TO USE CARS

Most of the Bitcoin mining is using green energy

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July 07, 2018, 04:37:18 PM
 #5

In March 2018, Bitcoin uses 343 Megawatts for mining - https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280
1 ton of carbon is produced for every Megawatt/hour.  https://carbonpositivelife.com/co2-per-kwh-of-electricity/


Therefore, Bitcoin currently produces MORE THAN 343 tons of carbon per hour!!!!
The oceans are become very polluted with carbonic acid and it is killing coral all over the planet.  Bitcoin is killing our ocean.

Proof of work is an environmental disaster.  We must stop now!!!
This is not BS.  We must stop Bitcoin!
343 megawatts are one and a half of the power unit of a thermal power station of 200 megawatts.
This has a favorable effect on the economy, there are budget revenues, jobs for the population. It can be a green energy, atomic and alternative.
Experts say that the production of one BTC costs 6K $.
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July 07, 2018, 04:43:42 PM
 #6

Most of the Bitcoin mining is using green energy
The stupidity here is remarkable.  How dumb can bitcoiners possibly be?

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July 07, 2018, 04:49:13 PM
 #7

Most of the Bitcoin mining is using green energy

A single blade of a giant wind turbine which is 85 meters long has some 150 tons of steel.

Heat released from steel factories and electricity used. Green energy looks dubious.
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July 07, 2018, 05:25:18 PM
 #8

Therefore, Bitcoin currently produces MORE THAN 343 tons of carbon per hour!!!!
The oceans are become very polluted with carbonic acid and it is killing coral all over the planet.  Bitcoin is killing our ocean.

Proof of work is an environmental disaster.  We must stop now!!!

The real culprit is burning carbon to produce electricity. That is what we must stop doing.

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July 07, 2018, 05:28:28 PM
 #9

Most of the Bitcoin mining is using green energy
The stupidity here is remarkable.  How dumb can bitcoiners possibly be?

talk to yourself

Quote
Secondly, the cryptoverse is already seeing many bitcoin mining operations shift to countries where green energy is exploding, e.g. hydro power in Canada. And this dynamic isn’t going anywhere anytime soon.

As Hackernoon‘s Knut Svanholm explains:

“This is not a coincidence. Green energy is getting cheaper and cheaper even without subsidies and miners need to plan ahead. Furthermore green energy alternatives provide independence in a way that fossil fuels never could. A mining farm in a cold country with a lot of wind and sunlight could be a completely self-sustaining money machine one day.”

Quote
Banks Consume More Energy Than Bitcoin
Admittedly, information about the energy consumption of the banking system is not openly available. Domingo instead extrapolated in his article several reasonable and conservative assumptions.

His computations essentially boiled down to this. There are approximately 30,000 banks in the world, each one with servers, branch offices, and ATMs. As the Visa network is just that, a network, all transactions made on it need to run back and forth through banking infrastructure.

There are a lot of middlemen in the process of doing a single Visa transaction. Therefore, Domingo asserts that the energy consumption of all banks is directly and inexorably tied to the Visa network.

Adding together all of these factors, we get approximately 100 or so terawatts of power consumed by banks each year. Clearly, this pales in comparison to the 25-30 terawatts Bitcoin consumes.

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July 07, 2018, 05:34:01 PM
 #10

What do you suggest we do bro? Move to Proof of Stake? Wow, vitalik will laugh at us lol.
Kidding aside, I don't think PoS is a good idea. We don't need oligarchs running Bitcoin. PoW just need fixing and we'll be fine again.
I heard they're currently working on low energy mining called Optical Proof of Work. Let's hope it works out


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July 08, 2018, 12:20:51 AM
 #11

I think this thread is too exagerated. I believe in many countries, they were already adopting renewable source of energy to generate power and basically it does not make a big impact at all concerning the effect of a global disaster. I think it would be better for the world to adopt the use of electric cars such that carbon emissions will be minimize and also the use of plastic will be stop since it generates more waste that could damage the marine life eco system.
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July 08, 2018, 12:31:41 AM
 #12

Perspective is important when we assess such claims. In the larger world out there, any number of innocuous sounding activities, like using cars or planes for transportation, pose such a deadly menace of pollution that the current Bitcoin environmental problem, even at its' maximal exaggeration, looks minimal, if not infinitesimal.

The better perspective would be to assess this environmental impact in comparison with other crypto. But, would it be fair to use such a parameter of comparison in isolation, ignoring all the other parameters that make Bitcoin the sterling choice of discerning folk?!

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July 08, 2018, 12:33:16 AM
 #13

Do we must stop using everything mate!!!
Every digital things are destroying our planet we must save planet and start living in caves again.
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July 08, 2018, 01:10:19 AM
 #14

Are these articles environmentalists or just random writers who wanted to put cryptocurrency down even more?

Mind you OP, nuclear power plants are even more dangerous. It's a sleeping bomb waiting to be detonated, and to add danger to this; where do these nuclear plant owners throw their waste? But why are there only few people who wanted to spread awareness about the dangers of nuclear power plants?

No one wanted to take actions on how dangerously we create energy because we are using it, same as how we create bitcoin, and I'm sure that you hold bitcoins or other cryptocurrencies OP.

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July 08, 2018, 01:21:39 AM
 #15

As if bitcoin is the only one producing those carbons. Almost all around the world especially the developing countries burn those coals and produce huge chunks of wastes that destroy the environment. And now as bitcoin mining difficulty keeps on rising to the point where it is not profitable to some countries, more efficient ways are coming up.

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July 09, 2018, 04:13:42 PM
 #16

In March 2018, Bitcoin uses 343 Megawatts for mining - https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280
1 ton of carbon is produced for every Megawatt/hour.  https://carbonpositivelife.com/co2-per-kwh-of-electricity/


Therefore, Bitcoin currently produces MORE THAN 343 tons of carbon per hour!!!!
The oceans are become very polluted with carbonic acid and it is killing coral all over the planet.  Bitcoin is killing our ocean.

Proof of work is an environmental disaster.  We must stop now!!!
This is not BS.  We must stop Bitcoin!
I think this is all work of FUDs only, and I too believe that it is like next to impossible that bitcoin could ever use such a huge amount of energy, bitcoin is very sustainable and versatile crypto currency and it is like next to impossible that being a asset an an resource that could not be easily exhausted could use such a huge amount of energy, you are saying that in coming decades it will consume more energy than the whole world is consuming right now , I am sure that this is the work of bitcoin haters.


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July 09, 2018, 04:46:14 PM
 #17

Are you kidding me ? Of course, all kinds of mining are destroying environment for sure. It is pretty obvious that there are more dangerous stuff for environment . For that reason, Please , stop faulting bitcoin for destroying environment.

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July 09, 2018, 04:54:01 PM
 #18

In March 2018, Bitcoin uses 343 Megawatts for mining - https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280
1 ton of carbon is produced for every Megawatt/hour.  https://carbonpositivelife.com/co2-per-kwh-of-electricity/


Therefore, Bitcoin currently produces MORE THAN 343 tons of carbon per hour!!!!
The oceans are become very polluted with carbonic acid and it is killing coral all over the planet.  Bitcoin is killing our ocean.

Proof of work is an environmental disaster.  We must stop now!!!
This is not BS.  We must stop Bitcoin!
I think this is all work of FUDs only, and I too believe that it is like next to impossible that bitcoin could ever use such a huge amount of energy, bitcoin is very sustainable and versatile crypto currency and it is like next to impossible that being a asset an an resource that could not be easily exhausted could use such a huge amount of energy, you are saying that in coming decades it will consume more energy than the whole world is consuming right now , I am sure that this is the work of bitcoin haters.


OP is the FUD. I read many of his post and nothing is a good news. All post is just negative and critizing bitcoin. Bitcoin is not the cause why the environment is polluted. Don't blame it to bitcoin, that it is responsiblr for what is happening today. Think of alternatives that can create electricity without using carbon or any substance that is dangerous to the environment. Think of a way how we reduce carbon emmission when producing energy. You must think like that not "We must stoo bitcoin". That's non-sense. Non-sense.

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July 09, 2018, 06:38:04 PM
 #19

Most of the Bitcoin mining is using green energy
The stupidity here is remarkable.  How dumb can bitcoiners possibly be?
what green energy do you mean, as far as I know mining uses fossil fuel power.
and it's so unfriendly to the environment, mining is just wasting the resources that exist today.
perhaps the miners should find alternative energy.
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