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Author Topic: Is Bitcoin Mining Really Causing Environmental Damage? Maybe not that much...  (Read 1923 times)
bettercrypto
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December 12, 2018, 10:50:28 PM
 #141

I don't think so, bitcoin mining contributes a relatively small amount to environmental pollution. There are larger industries in many parts of the world who are affecting the environment in the negative sense through pollution. I believe the future of bitcoin mining is even brighter as many projects plan on producing a cleaner source of energy.

Absolutely correct, only a percentage of the electricity consumption of the entire world is consumed by miners. Considerering that other countries' electricity is produced through nuclear power plants.



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December 13, 2018, 04:02:49 AM
 #142

 i see alot of people talk about this problem. and they show us the consenquence from mining
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December 13, 2018, 04:35:41 PM
 #143

Each and every profitable investment has caused damage to the nature in some way. The damage caused by mining bitcoins are very negligible compared to that. Negative news and promotions are just a agenda for tarnishing bitcoin's reputation.
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December 14, 2018, 07:49:17 AM
 #144

I am honestly not sure HOW but then I am not exactly the MASTER about this stuff, so I don’t exactly know what the logic is. However, IF we want to really understand about it then we need to get proper Bitcoin mining guide, then only it will be possible to understand these things. It’s not EASY but very much doable IF we are determined and dedicated towards doing things, which is absolutely not easy.
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December 14, 2018, 02:45:45 PM
 #145

It is just ignorance that make people to say what they don't have full detail about. The same way factories and industries consume electricity is the same way bitcoin mining farm consume.
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December 21, 2018, 04:29:19 PM
 #146

Bitcoin is the first digital currency in the world and even it is developed to fulfill future financial needs we have to understand that it can certainly drain some energy during its process but it is certainly acceptable when considering benefits and advantages it provides for businesses and individuals who involved with them so what I think instead of making accusations against bitcoin environmental damage people should find a way to reduce it by using latest technological methods because existence of bitcoin is essential to the world which many don't see at the moment but in the future it will be clearly visible   
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December 21, 2018, 04:35:38 PM
 #147

Earlier bitcoin mining was considered as easy and very profitable and that is the main reason many miners were joined to the network but now things has got little complicated because electricity in many countries are not cheap and even mining hardware is too expensive so most miners think bitcoin mining power waste at least should be reduced in coming years so miners can take a profit than a lost and it will do good to the network

Without a doubt and i agree with you that many miners are leaving bitcoin mining because the low income and higher waste of electricity but which also led to environmental damage but we should understand that we are living in a time that most of the things are becoming possible at least for some extend through technology and its advancements so why cant we use that to reduce the environmental damage which cause by bitcoin and making bitcoin mining more profitable using sustainable mining methods which should be very possible specially today   
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December 21, 2018, 04:41:11 PM
 #148

Mining is done mostly on the regions where electricity is available for less price. As the price has fallen low with the increased difficulty the profiting through mining isn't possible on regions with high electricity price. Here environmental damage is there, but the same can be eliminated through the usage of renewable energy sources for electricity production for mining needs.

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