The problem of getting bitcoin in the future

[sethelfor]

I am wondering if more and more mining centers will switch to the use of alternative energy, will it allow to reduce the cost of bitcoin? After all, while mining is very expensive

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[ralosted]

I am wondering if more and more mining centers will switch to the use of alternative energy, will it allow to reduce the cost of bitcoin? After all, while mining is very expensive

Maybe it will. Now many projects decide to combine green energy and mining. Recently saw such a project in Kazakhstan, and this is all brought to the state level

[sutetrez]

I am wondering if more and more mining centers will switch to the use of alternative energy, will it allow to reduce the cost of bitcoin? After all, while mining is very expensive

Maybe it will. Now many projects decide to combine green energy and mining. Recently saw such a project in Kazakhstan, and this is all brought to the state level

funny,I see  more and more nice projects from there. I also found a nice one. taklimakan is a social network for crypto enthusiasts. It looks like Kazakhstan is going to become the next capital of technology.

[sethelfor]

I am wondering if more and more mining centers will switch to the use of alternative energy, will it allow to reduce the cost of bitcoin? After all, while mining is very expensive

Maybe it will. Now many projects decide to combine green energy and mining. Recently saw such a project in Kazakhstan, and this is all brought to the state level

funny,I see  more and more nice projects from there. I also found a nice one. taklimakan is a social network for crypto enthusiasts. It looks like Kazakhstan is going to become the next capital of technology.

Well, there is China with one of the largest economies wants to ban mining, it’s natural that centers will open more in Central Asia, where at least the level of development may be less, but the cost of production is cheaper

[amposed]

I am wondering if more and more mining centers will switch to the use of alternative energy, will it allow to reduce the cost of bitcoin? After all, while mining is very expensive

I don’t understand why, with the general access to green energy, countries don’t switch to it en masse? One guess is that it is more profitable for them to keep high rates for traditional mining methods.

[darklus123]

I can personally say that bitcoin is still on a experimental stage. We never know what will happen and bitcoin can really be on the history as the father of crypto but this cannot yet guarantee its success in the future

[Pamadar]

I can personally say that bitcoin is still on a experimental stage. We never know what will happen and bitcoin can really be on the history as the father of crypto but this cannot yet guarantee its success in the future

Anything can happen in the future, we just need to survive this infancy period before we can call the system successful and be adopted by many people around the globe, possibilities can't be denied that things can be worse or can also be more than what we are thinking of, the potentials of bigger supports level can be in questioned as they can hold more and make it more harder than a simple bitcoiners.

[Searing]

The halving in 1 year plus.

The fact that 86% of all BTC has already been mined. So maybe whales/folk will fight and raise price

for the remaining 14% BTC left?

Mining difficulty at ATH but price of btc is 3/4 of what it was 1 year ago

fun times (not!)

brad

[rijaljun]

Regarding the technical problems, there are a lot of options. And new innovations will always be found. I think Satoshi, Bitcoin inventor, is living in the future and always know from the start what are needed in the future and how Bitcoin will survive.


Regarding the adoption, Bitcoin as an electronic money which dont belong to any country is of course will always face hard problem. Every country are just trying to make their financial products (their own currencies) to be used by their people or even other people outside their country. Bitcoin is a kind of threat to them, especially banker as they will not be able to fool people anymore using their centralized ways. But, I dont think this will last forever, centralize currency will be struggle at the end and they will realize that they can't use this way anymore. In other side, people will realize that they have been fooled by bank system in their whole lives. Therefore, either bankers or normal people will start looking into bitcoin and try to use blockchain system. So, my opinion, Bitcoin will be adopted by anyone and it's just about time.

[kingpin4321]

It's still very possible for counties to have there own money value and for there citizenry to deal in bitcoin. Bitcoin is not money but it can be converted into other currency value so this eliminate that stereotype

[Doell]

Will not be a problem in the future given the large number of people  want to invest in bitcoin ,its difficult that there is not from several countries including my country already mature in expanding investors ,I think bitcoin will be easy to use in your daily life later

[seoincorporation]

I can personally say that bitcoin is still on a experimental stage. We never know what will happen and bitcoin can really be on the history as the father of crypto but this cannot yet guarantee its success in the future

You can be sure it is on the experimental stage, that's why bitcoin version is 0.17, when it rich the version 1 then we can say the experiment phase is over, i don't know how long it will take, but for sure btc will be much different from what its nowadays.

[Yakamoto]

I am wondering if more and more mining centers will switch to the use of alternative energy, will it allow to reduce the cost of bitcoin? After all, while mining is very expensive

It all depends on the economics of it. There aren't a lot of scenarios where you could effectively pay into alternative energy and have it net you a decent return. For example, if a miner has no river or lakes near them, they can't do hydro. If their location also lacks significant wind activity, they now can't use wind power either. If they're far from the equator it might also be difficult for them to supply their energy needs during winter months, as the sun won't shine as much as necessary to keep all of their miners operational, in the case of solar panels. If anything, alternative energy might increase the cost of Bitcoin because of the setup costs.

That, and now you have to think about how you'd store excess energy, if at all. Batteries that could store the amount of electricity required to run miners for a night would cost, at least, tens if not hundreds of thousands of dollars.

There are some ways that they could notionally reduce the expenses, such as selling the energy they produce back to the grid, but the same issues I mentioned above still apply. Renewable resources are not an end-all-be-all when it comes to reducing energy expenditures.

[kingplaya4]

This is definitely a non-problem. While owning a whole btc is nice, it is not necessary for most people. Do most people have 100k in their bank account? No, most people will have at most a tenth or a hundredth of a bitcoin and if btc does well we may start talking about satoshis rather than bitcoin.

[minersday]

Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?

Integrating the use of electronic/ digital money into a country is not as problematic as you think it would be. China for instance  as been able to integrate regular use of electronic/ digital payment system like weChat, with about half of their population using that payment option. Knowledge and understanding are all we need to be able to accept and adopt to the use of cryptocurrency. What people need to understand and see is that, cryptocurrencies such bitcoin are no different from physical fiat used for exchange of goods and services. Once the world understands this, Cryptocurrencies can easily be adopted and used world wide.

[sunsilk]

I am wondering if more and more mining centers will switch to the use of alternative energy, will it allow to reduce the cost of bitcoin? After all, while mining is very expensive

Depends on their area as well, I guess I've seen on videos few major mining centers that are into this kind of idea. If ever they'll use alternative energy, will it really reduce the cost of bitcoin? I don't think so. There can be one problem that I can see on this, regulation and gov'ts stand about bitcoin. We're talking about alternative energy here and if the gov't would allow it to happen.

This is definitely a non-problem. While owning a whole btc is nice, it is not necessary for most people. Do most people have 100k in their bank account? No, most people will have at most a tenth or a hundredth of a bitcoin and if btc does well we may start talking about satoshis rather than bitcoin.

It is one of the beauty of bitcoin that we can use it and divide it to the smallest portion when we're about to use or send it to someone.

[goaldigger]

Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?

Its really much easier for us to adopt cryptocurrency in the future knowing it doesnt need to convert in any other currency and is acceptable worldwide. Other aspects like political,military etc. Will follow.

[Yamifoud]

Will not be a problem in the future given the large number of people  want to invest in bitcoin ,its difficult that there is not from several countries including my country already mature in expanding investors ,I think bitcoin will be easy to use in your daily life later

Some areas still facing into difficulties which crypto aren't permitted to be used. Hopefully it won't be like that forever and their government leaders will lifted their doubts towards crypto's capability and even helping them to adopt the new system of payment.  
We are in new generation which we are mostly using computers and internet. This could be help us to become more productive and can maximize our time by using crypto.

[shesheboy]

Its really much easier for us to adopt cryptocurrency in the future knowing it doesnt need to convert in any other currency and is acceptable worldwide. Other aspects like political,military etc. Will follow.

Even if crypto is already accepted in the future , will still be needing to convert our money to cryptos and cryptos to money ( vice versa ) because we will still be needing a money especially if we will shopping locally (  on local stores where crypto is not accesible   )  we also be needing money to be able to buy a crypto   .  the problem of getting bitcoin in the future will be slightly harder because the price will be more expensive  .

[samputin]

Just a friendly reminder: Please give attention with the use of your punctuations so that the idea you want to convey will be easily understood by the readers.

Going back to your topic, problems are inevitable because we cannot foresee what will happen in the future. But what we can be sure of is that in every problem, there is always a solution. In the first you mentioned, which I think, is about adoption, acceptance and right provision of information, in my own opinion, are two of the key factors so we can achieve such. Then, in the second one which, I think as well, is about the technical issue, the solution can be the improvement of bitcoin in terms of scalability, volatility, and usabality.