Is Bitcoin Mining Really Causing Environmental Damage? Maybe not that much...

[doanngocdiep01]

Mining Bitcoin generates less environmental damage compare to other mining industry like gold and other fossil fuel exploration. China and Iceland are using green technology for mining bitcoin and it is more portable than mining gold.

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[timerland]

According to another article that I read, bitcoin is actually using up the excess electricity capacity generated by sustainable sources of energy in countries such as China.

If that is the case, then there is really no reason for people to be worried about bitcoin's energy consumption at all.

The energy is responsibly generated, and in a sense, is actually using up energy that would otherwise gone to waste due to the expensive nature of battery farms to retain the excess electricity. Besides, you have to understand that there is nothing different between bitcoin and big banks when it comes to energy consumption - they all use energy to fulfill a very important purpose, and yet people only seem to worry about bitcoin's consumption.

[franky1]

bitcoin mining is done in regions of
china that use hydro
iceland that do geothermal
and now even america using hydro

GOLD mining is done. using
DIESEL excavators
DIESEL sluice machines
DIESEL trucks

anyway.
other articles say bitcoin uses 1% of world electric.
sorry but no
its actually somewhere between 0.029-0.1% of.. wait for it. of just residential level of electricty
bitcoin only uses between 0.029(new 7nm asics) or 0.1%(old 14nm asics)

meaning ignoring industrial, corporate worldwide electric. and just taking average electric just used by 1 billion homes. the entire bitcoin mining process of the whole network only uses 0.029-0.1% of world residential electric
math: https://bitcointalk.org/index.php?topic=4976730.msg45263751#msg45263751

 

[112_blockchain]

In my opinion, this is only speculation, as do the established environmental damage has not been established. People are habitually afraid of something relatively new.

[franky1]

It's not a deflection.
Hydro is limited, there are just x rivers flowing with y water at z height.
You will NEVER be able to supply the whole world with hydro
So it's obvious that the only thing left was exactly the solar thing  YOU mentioned first..... 3 times

just Y water is not a problem...
heres your problem.. screw it ill draw it for you

(imagining a its a year later... and had a year drought you'll se an empty reservoir, right)


heres my solution


its called re-use.. recycle. after all if you can pee out of your urethra to turn a paper windmill. does the water vanish.
if you direct it right and your standing above a container. the container is now a new bladder.
now pour that over a paper windmill... now i should have sparked your imagination positively
repeat repeat repeat

water turbines are not a one use and its gone forever..... Y water is not a problem
as for z height to have space/capacity for a second bladder/reservoir. well it doesnt need to be a container of a years supply of rain/pee..
so

so now as of day 3.. the same water that fills the main reservoir gets reused 3 times.
production: so thats 3x electrical production
capacity: reservoir + 2x 0.003~ of a reservoir to hold and reuse the same water twice to get the 3x production

[SIDDHI777]

I think it will reduce the environmental damage if it is implemented in every where because the current systems make more environmental damage than Bitcoin and it is the main reason why Bitcoin was invented to make a more sustainable system to do transactions without any obstacles or barriers but with high efficiency and security and it does the job very fine at the moment so I think it is environmentally friendly 

[molla_corda]

Almost any human activity is harmful to the environment. If we consider directly the production of crypto-currencies, it is necessary to understand the following: environmental damage is minimal in view of the specifics of production, there is no need for mines, no harm to humans (people are also part of the environment).

[stompix]

It's not a deflection.
Hydro is limited, there are just x rivers flowing with y water at z height.
You will NEVER be able to supply the whole world with hydro
So it's obvious that the only thing left was exactly the solar thing  YOU mentioned first..... 3 times

just Y water is not a problem...
heres your problem.. screw it ill draw it for you

(imagining a its a year later... and had a year drought you'll se an empty reservoir, right)


heres my solution


its called re-use.. recycle. after all if you can pee out of your urethra to turn a paper windmill. does the water vanish.
if you direct it right and your standing above a container. the container is now a new bladder.
now pour that over a paper windmill... now i should have sparked your imagination positively
repeat repeat repeat

water turbines are not a one use and its gone forever..... Y water is not a problem
as for z height to have space/capacity for a second bladder/reservoir. well it doesnt need to be a container of a years supply of rain/pee..
so

so now as of day 3.. the same water that fills the main reservoir gets reused 3 times.
production: so thats 3x electrical production
capacity: reservoir + 2x 0.003~ of a reservoir to hold and reuse the same water twice to get the 3x production

Oh my god, you've just invented the Perpetuum mobile!!!
We can build 100 dams and from a single river, we will have infinite energy....

Of course, if we exclude the fact that the Colorado River, for example, has only a 270m drop from the Hoover Dam till the Ocean and the dam itself stand 160 m on top of the water level before the drop. .

And the pee example.....
Have you calculated if you can produce enough energy with your urine to lift a bottle of water so you can drink it?
On the energy required to lift your body up so you can actually pee? 

Common Franky, what's next?  Flat earth?

[KIROMATH]

it is a big and a very popular debate that we see going on about the environmental damage that is done due to Bitcoin mining and I have heard some miners say Bitcoin mining consume more electricity than other currency mining and some even don't mine Bitcoin anymore specially in countries like mine where electricity prices are high so there wont be any considerable amount of profits at the end for the investment but hope with better solution this situation will change 

[tkaush]

Nothing is perfect and if we seek best features from a currency like bitcoin there can be some negative effects that can caused during the process but we should always calculate whether it is worth or are we taking something profitable for the input we have done and with bitcoin it is really worth considering the facilities it provides for its users and businesses so I don't think this is a major issue at the moment

[buy_crypt_sell]

No. This is the tale. What stands out when it is grown on farms a lot of heat - this is true. But the heating of the earth's atmosphere and the strengthening of the greenhouse effect is not affected. Scale is wrong.

[Impulseboy]

All due respect, but people consume electricity every single day, why do we have to blame it all on cryptocurrency alone? Dont you think that we should focus more on other important things that causes environmental damage than blame it on mining bitcoin? Things like single-use plastics, air pollution and water pollution are just three of the things that hurt the environment more than electricity use because of bitcoin mining.

[ETHICKNINE]

Even this is a negligible issue because the out come of the bitcoin is much better than the cost. But I think  this issue should be fix as soon as possible because this increase the mining cost immensely which reduces any gains for miners who came to the mining field with the desire to earn bitcoins and there job is very important to the bitcoins future and its existence

[ANUKRAMAYON]

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

[kawaihito]

Bitcoin mining is not causing environmental damage, rather the money printed in banks from papers are hazarding the trees, harming the ecosystem.

that's what i am thinking about. I'm sure that bitcoin mining doesn't affect to our environment

[darthmaul]

Well, energy is being used, transformed since many years now, and why this question is being raised now? Is there any meaning to this one if the bitcoin came to existence since decade now and then it started using huge electricity just recently? I guess its useless to talk about the energy consumption of the bitcoin at this point. There is more electricity is consumed by the Information Technology firms around the world than how many firms of bitcoin mining are using put together. So make buzz about the bitcoin's fate through its electricity consumption. Its being paid with the money and no one is using it free of cost, so everything is just fine.

[hungsanh2512]

If millions of computers are connected, energy consumption is huge. So we see there are many recommendations for computer users should monitor the energy consumption in the computer system to manage and minimize. But we do not always work 24 hours a day so it will not cause serious environmental damage.

[KIROMATH]

Even bitcoin waste too much energy when considering the return that bitcoin provide for its users it is beneficial because large number of people now rely on bitcoin as traders , investors or as users who use it as a currency for payments and there are individuals who have made bitcoin there only living source so if we neglect bitcoin by only pointing its one problem we have forgot all its benefits in the process so rather than accusing bitcoin we need to find a better solution to fix the problem or to  reduce it

[ANUKRAMAYON]

Most say that but it is not a problem with bitcoin but there is a problem with the power source we used to mine bitcoin because most miners use home electricity mainly because it is the most convenient method they can find but this is a era where even cars and houses use solar electricity to run instead damaging the environment but yet even for a great innovative currency like bitcoin we haven't found an innovative way to mine it and we accuse bitcoin that it is making environmental damage but we already have the technology to stop that right now

[NavigateSamurai055]

When we use internet in other purpose then we don't think about the environment and only because bitcoin run through bitcoin we start rising question about it but I must say there is no relation between bitcoin and environment.