Bitcoin Forum
November 14, 2019, 03:22:35 AM *
News: 10th anniversary art contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin mining using excessive electrical energy proved wrong  (Read 62 times)
r32godzilla
Hero Member
*****
Offline Offline

Activity: 1130
Merit: 502



View Profile
September 07, 2018, 12:13:27 PM
Merited by BrewMaster (1)
 #1

I had been very much disturbed by reading articles that criticize bitcoin for using excessive enerfor mining.Nowadays such articles could be seen in large numbers.But the reality is different.Its just a false allegation against bitcoin by the biased media which is mostly funded by corporates.For them,those media deliberately spread FUD against bitcoin mining.

But bitcoin mining is using much less energy when compared to energy used for gold mining or bank transactions.

Such articles directly equate the number of transactions directly with the mining cost.But there is no such thing.The cost of mining stays the same both when a bitcoin block is full or empty.

https://www.reddit.com/r/Bitcoin/comments/9dnkye/bitcoin_uses_less_energy_than_banks_bitcoin_clean/


        ▄▄▀▀▀▀▀▀▀▀▀▄▄
     ▀▀ ▄▄▀▀▀▀▀▀▀▄▄ ▀▀▄
  ▄  ▄▀▀           ▀▀  ▀▄
 ▄▀ █      ▐█ █▌      █ ▀▄
▄█ █     ▄███████▄     █ █▄
█ ▄▀    ██▀▐█ █▌▀██     █ █
█ █     ██ ▐█ █▌ ██     █ █
█ ▀▄    ██▄▐█ █▌███    ▄▀ █
▀█ █     ▀████████▄    █ █▀
 ▀▄ ▀      ▐█ █▌ ▀█▌  █ ▄▀
  ▀▄  ▀▄           ▄▄▀  ▀
    ▀▄▄ ▀▀▄▄▄▄▄▄▄▀▀ ▄▄
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
      █▀▀▀▀▀▀▀▀▀▀▀▀█
▄▄▄▀▀▀█   ▄▄▄▄▄▄   █
█     █ ▄▀      ▀▄ █
 █  ▄██ █        █ █
 █  █ █ █        ▀ █
  █ █ █ █ ▄█▄█▄  ▀ █
  █  ██ █  █▄▄█▄ █ █
   █ ██ ▄ ▄█▄▄▄█ █ █
   █  █ ▄  ▀ ▀   █ █
    █ █ █        █ █
    █ █ ▀▄      ▄▀ █
     ██   ▀▀▀▀▀▀   █
      █▄▄▄▄▄▄▄▄▄▄▄▄█
.PLATINUM  STABLECOINS
..USDQ KRWQ CNYQ JPYQ...

─────────────────────────
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█     ████     █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
██████
██
██







██
██
██████
██████
██
██







██
██
██████
▬▬▬▬▬▬▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬
...FACEBOOK... .....TWITTER..... ...TELEGRAM...
▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬▬▬▬▬▬▬
1573701755
Hero Member
*
Offline Offline

Posts: 1573701755

View Profile Personal Message (Offline)

Ignore
1573701755
Reply with quote  #2

1573701755
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1573701755
Hero Member
*
Offline Offline

Posts: 1573701755

View Profile Personal Message (Offline)

Ignore
1573701755
Reply with quote  #2

1573701755
Report to moderator
1573701755
Hero Member
*
Offline Offline

Posts: 1573701755

View Profile Personal Message (Offline)

Ignore
1573701755
Reply with quote  #2

1573701755
Report to moderator
Hablinfuld
Newbie
*
Offline Offline

Activity: 58
Merit: 0


View Profile
September 12, 2018, 06:43:23 PM
 #2

I agree with you. Although Bitcoin mining consumes quite enough energy , it's still less than the others and also much more less than how it is exaggerated in those criticizing posts. And the amount of energy consumed by the mining is actually worth doing the mining. The criticized don't acknowledge the brighter side of it and are only spreading negativity to the world which is really upsetting. But I think we , the the supporters should take a step too, to make people realize the role of Bitcoin mining. If they can spread negativity, why can't we spread support too ?
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!