The ugly side of Bitcoin

[fiulpro]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

[1715338788]

1715338788

[CrypeX.]

In relation how useful bitcoin is i think the polution from the mining farms / transactions is worth it.
I’m more worried about the polution by manufacturing and disposing the batteries for e-cars...

[Pursuer]

the mining and its costs is so old right now. these days the new "drama" and "FUD" that people are using about bitcoin is with Tether and Bitfinex's shadiness. you have to keep up and stop rehashing the discussions that are already see through because of being discussed a million times

[figmentofmyass]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

the fundamental problem here is that humans are still using money. you think the banking system consumes no energy and has no carbon footprint? how about gold mining?!

bitcoin didn't solve the problem of how to secure money without energy consumption. that hasn't been solved yet and may never be.

[Genemind]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

This had been a topic for a long time whether it is worth it to mine bitcoin or not because of the amount of energy it consumes. If ot brings convenience to anyone, why not.  We were able to cut middle-men such as banks when doing are transactions. Move money or buy stuff conveniently without further delay, and improve technolgy, provide job and investment opportunities.

That is why there are alternatives than consuming electricity produced by coal. Some mining farms utilize natural energy which is cost efficient in the long-run.

[talkbitcoin]

that is not the ugly side of "bitcoin", i would go as far as saying it has nothing to do with bitcoin. it is all about the ugly side of the electric producing companies that have been producing it inefficiently and with lots of pollutions. bitcoin is just using what is offered to it by them. we can't change everything. we have revolutionized the concept of currency from being centralized to being decentralized, you can't expect us to also revolutionize the electricity production too!

[waynechong1995]

Its so minimal compared big scale national operational such as mineral mining or other natural resources abundance in waste and energies. Renewable energy could easily sustain bitcoin network across the globe in futures and we sees pictures bigger than just bitcoins. Securing a network is much more easily when done through programs. Ugly side of bitcoin always come from people not the technology itself.

[darklus123]

Every production is indeed causing some environmental problem, but basically bitcoin is only using electricity power which is already been working around the globe for quite sometime.

If you don't want this kind of work then I think you should also stop using any gadgets or appliances right? This issue is not for bitcoin to solve instead people should do something in creating a more environmental way of getting sources of energy such as electricity.

[PointHope]

The advent of generation IV/V nuclear power over the next few years is going to change the dynamics of Bitcoin.

[noormcs5]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

I don't think any of your argument is valid. Bitcoin mining uses a lot of energy but if you look around almost everything uses electricity and energy to run.
You cannot say that global warming or environmental pollution is only because of Bitcoin. It is the industries around the world who are producing wastes which is gathering up in the form of global warming. Bitcoin mining contribution is almost none as compare to other industry.

[Yara1]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Let me ask a question, despite the high rate of pollution generated by industrial machines should we stop industrialization, bitcoin mining is the power house of bitcoin and at that whatever sacrifice we have to pay for it operations is not too much.

[Janation]

We earn from it and we find ways to reduce this.

I know that there are a lot of negative things that Bitcoin brought us but when we will be talking about pollutions? Global warming? Do we really need to think that mining Bitcoin will mainly start this? We've been using paper all this time, think how many trees have brought down just to make those, I think that doesn't start pollution or global warming but only mining of Bitcoin does.

[FlightyPouch]

Consume a lot of energy he says but right now there are a lot of sources of energy that don't really use the usual gasoline or maybe coals. We now have renewable sources of energy, the popular example of it is the sun, the wind even the rain are said to be one. We humans are the main problem and not Bitcoin mining, we start pollution and global warming.

[bitbunnny]

When it comes to environment I'm the first who will fight for its protection. Still compared to other sources of pollution, I think that the amount caused by Bitcoin as well as energy consumption for mining is not worth so much worry. I would also like to see some research whiich would clearly show how really big the problem is because now we can only guess how much global warming or energy consumption is caused by Bitcoin. But alternative sources of energy could be the one of possible solution.

[ralle14]

My opinion about this is we shouldn't worry about Bitcoin mining causing a huge problem in the future because it's far from being a threat to the environment and as figment mentioned there are other activities that consumes more than Bitcoin. This is just exaggeration on how Bitcoin could pose a problem when there's so many bigger problems to the environment. Stopping Bitcoin or reducing the power consumption might not change anything.

Also here are some old threads that discussed the same topic.
Power consumption of Bitcoin mining
Bitcoin uses too much energy
Stop worrying about how much energy bitcoin uses

[therhslv]

What about all the ATM's , Banks , Bank storages , transfers of FIAT money does that not consume big energy like electricity to run all of that . I think Miners consume just like 5-10% of the energy that Banks consume . Technology is addapting really fast and im 100% sure that not far from now somebody will come up with something better to run hardwares and things that runs currently on electricity =] New form of energy i mean =D

[Yaunfitda]

Do you have proofs that mining really affected the environment in a bad way? Or is this just your own opinion? I understand that this is just another attack entry for those who don't like haters but banks as well are creating pollutants in the environment.

https://phys.org/news/2018-08-energy-bitcoin.html

[goaldigger]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Energy on mining is just isolated case and small compared to the pollution produced by large companies with damages not just ozone layer but the environment. I thought you would say something about hacking and doing illegal things because that really is the ugly side of bitcoin.

[coolcoinz]

This green talk is so overhyped it's not even interesting anymore. Please, get some numbers before you start generalizing! How much surplus energy is being produced around the world? This energy can't be stored and is being wasted. Whether bitcoin mining exists or not this energy will continue being produced and if not mining then other industries will eventually grow to use it.
Also, there's nothing stopping people from producing green energy if there's a branch of industry willing to pay for it. Miners want more, you build new solar/tidal/geothermal/hydro plant to supply them.

[1Referee]

Bitcoin's "pollution" is still orders of magnitude lower than the entire world banking system, the datacenters Google, Microsoft and Amazon operate, and I could continue for a while. You get the point (I hope).

The benefit of energy consumption is that it forces every involved party to look for an alternative, because you firstly want your rates to be cheaper (a business is a business at the end of the day), and the alternatives are cleaner as well, which reduces external (political) pressure on your operation, which is another incentive right there.

The worst part is that some people consider it a waste of energy, lol. Securing trillions worth of value every year is a waste, right. 

[BrewMaster]

unless you have any new solutions to fix a problem that you are pointing out, your topic is low quality because it is the repetition of something that was mentioned a hundred times. and there is no point in repetition unless you have something new to add, which should be the "solution"!

[Astvile]

That thing you said that its very energy consuming why dont you look in banks/world government dont you think they are eco friendly?yeah bitcoin contributes to global warming and polution but its just a small percentage on how government facilities contribute to global warming and we are feeling it the rapid rise in temperature is the price for our development and not caring for the environment

[rijaljun]

What has impact to the price are either the expensive mining or a news. Normal people won't care about the polutions, they will just care about how to get Bitcoin and become rich. However, this side-effect of Bitcoin mining (like a pollutions) should get more attention from everyone in the community to sustain Bitcoin existantance.

Bitcoin's "pollution" is still orders of magnitude lower than the entire world banking system, the datacenters Google, Microsoft and Amazon operate, and I could continue for a while. You get the point (I hope).

What if at the end Bitcoin operation reach the same level of what you mentioned? Doesn't it mean Bitcoin will be the same as centralized things?

[pawanjain]

1. ULAB (Used Lead-Acid Batteries)
2. Mining and Ore Processing
3. Lead Smelting
4. Tanneries
5. Artisanal and Small Scale Gold Mining

These are the world's top industries that lead to environmental pollution. In fact these industries pollute more than anything else.
Should these industries stop functioning ? I guess not.
Should Bitcoin mining be stopped ? Definitely not.

Besides that, paper money needs paper to be printed upon. Paper is made by cutting down trees. Is that Eco friendly for you ?
I guess I have made my point very clear.

[XCANA]

The most ugly side of Bitcoin to me is the volatility nature its possess. Many atimes some individuals do asked me of how secure will their investment be if they choose to invest in Bitcoin or cryptocurrency in general. And my replies will be, although is good to invest in it, but remember that, the market is not stable the price can fluctuate at any given time.

[rodel caling]

Nothing perfect all invention have side effect to our environment.

What about all the ATM's , Banks , Bank storages , transfers of FIAT money does that not consume big energy like electricity to run all of that . I think Miners consume just like 5-10% of the energy that Banks consume . Technology is addapting really fast and im 100% sure that not far from now somebody will come up with something better to run hardwares and things that runs currently on electricity =] New form of energy i mean =D

This probably great example that they also use energy not only consuming energy for money withdrawal, and how about government create money paper they need also use energy.

[samputin]

There are more worse problems to pay attention to than what you perceive as the ugly side of bitcoin. Pollution, whether air, land, noise, and the like, are caused by the lack of discipline of people. They know what could possibly happen but they choose to be ignorant about it. Bitcoin mining also consumes lots of energy but in this day and age, new alternative sources of energy are discovered and utilized so that we will not rely solely on diesel-dependent power plants.

This

1. ULAB (Used Lead-Acid Batteries)
2. Mining and Ore Processing
3. Lead Smelting
4. Tanneries
5. Artisanal and Small Scale Gold Mining

These are the world's top industries that lead to environmental pollution. In fact these industries pollute more than anything else.
Should these industries stop functioning ? I guess not.
Should Bitcoin mining be stopped ? Definitely not.

Besides that, paper money needs paper to be printed upon. Paper is made by cutting down trees. Is that Eco friendly for you ?
I guess I have made my point very clear.

And this

unless you have any new solutions to fix a problem that you are pointing out, your topic is low quality because it is the repetition of something that was mentioned a hundred times. and there is no point in repetition unless you have something new to add, which should be the "solution"!

are ON POINT.

[The Cryptovator]

Who care really for environment? Is only bitcoin mining destroying our environment? Have you calculate how percentage of pollution occurred by bitcoin mining? I think it would be very very small quality. So we should concentrate to others which is hugely destroying environment instead blame bitcoin mining. However, we should think how we could prevent pollution by bitcoin mining since we are a bitcoin user. So there should be new  manufacturers who would make environment friendly mining rigs. So we can prevent pollution by the way.

[BADecker]

Bitcoin is being controlled by the Devs and the miners to keep it low. The reason why, is that if it were allowed to run rampant - an out of control "investment" - it would jump to a $million in one or two years, and then a $billion. This would clog communications, and change the whole Federal Reserve fiat setting.

The resulting changes would upset all kinds of ownership of value in the world, but especially the USA. There would be a collapse of funding to the military, and other nations that are not affected by fiat in their military would grow faster in their military.

There would also be a collapse of Social Security. This will happen, but for now government can protect us from the coming collapse. Government couldn't do this in a total Bitcoin-caused fiat chaos.

Why do the Devs and miners care? Because they would get sued. Suddenly we would find the death sentence coming into being around the country, and they would die. But it might be fair, because many other people would die from the chaos in the collapse.

God won't let this happen until more of His people have died off naturally from old age. He will control the sense of the Devs and Miners, and only later will bring the Bitcoin chaos on the people who reject Him.

[jpnl0008]

i personally do not see any ugly side in bitcoin as it has its remedies. i only know most people do no have sufficient knowledge of what the blockchain technology is and bitcoin in particular and therefore they tend to hurt themselves when they take a deep dive into it without the precautions tagged on it such as its volatility

[naufals4]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

in my opinion the problem with the earth is not someone who does mining cryptocurrency. I think it's more of a big factory that has the most global warming.

[fiulpro]

In relation how useful bitcoin is i think the polution from the mining farms / transactions is worth it.
I’m more worried about the polution by manufacturing and disposing the batteries for e-cars...

No pollution is worth it!
NONE

There is always a solution ,we can actually find alternatives if we worked hard but rather we do not , we sit and relax and let things happen and it won't be us who would suffer , it will be out next generation or the generation after that , we will easily be able to live a normal Happy and healthy life but what about the countless sufferings that the upcoming generation will face and more or so animals will be wiped out in an instant .
It's too serious !

[1Referee]

What if at the end Bitcoin operation reach the same level of what you mentioned? Doesn't it mean Bitcoin will be the same as centralized things?

If that happens, Bitcoin is very likely at a stage people no longer care about it, because they consider it useful.

I remember back when multi billion dollar internet companies such as Google weren't as big as they are today; people were worried about how their datacenters would impact the environment, and even referred to them as environmental disasters. Do you see people complain about Google's datacenters nowadays? Nope. People no longer care because they so heavily depend on these companies and everything related to the internet.

People are hypocrites. Everything they don't think they need is either a fraud or useless. Wait for the moment they more than ever need Bitcoin in their life. It's not a matter of if, but a matter of when.

[tsaroz]

There are ugly sides to everything and there would always be room for improvement. Even if bitcoin is not able to adopt itself with time or modify itself completely, it would still always be the pioneering cryptocurrency. The mother of all blockchain based currencies. An trophy worth keeping polished.

[rahmatullah9305]

Bitcoin was created through an incentive 'mining' process that uses high computational power to solve complex mathematical equations agreed upon in the network and record blockchain transactions. it means that innovation is needed to outsmart energy consumption to be more efficient and environmentally friendly than before considering that it is clear that each year there will be more miners or bitcoin transactions, hopefully the innovation can be more widespread so that no more claims that mining or bitcoin transactions can damage the environment.

[Slow death]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Electricity companies are responsible for the supply of electricity and for possible pollution, so we can not blame bitcoin. we have to blame the electricity companies. Another point, there are many polluting industries so that we should not only look at electricity companies, we have to look at all companies in the world and do a reflection on how to reduce pollution

[Kakmakr]

Oh not this again. One guy starts a crusade against Bitcoin and the supposed harm that it is done due to mining and everyone believe that nonsense. These claims have been nullified by several people with actual facts and also comparisons to harm that are done by printing and minting fiat currencies.

The total energy used by the Banking system actually dwarf the figures from energy that are used in the mining of Bitcoin, but people still believe the fud that are spread in social media.  

[leonair]

This is an old issue regarding with Bitcoin but it's still right to be concern with our mother earth, let's think about the betterment of our future though because every good technology that mankind invented has its own advantages and disadvantages even the printing of paper money needs to cut downs trees to produce its raw material so I think we can compare it to Bitcoin mining. I'm positive that the time will come that someone can think a way to minimize the heat/power cost of mining or eve greater to eliminate it all.

[TheCoinGrabber]

I do not see this as a fundamental problem, there other industries that produces far more pollution. It's always been just the source of electricity. If majority source of electricity is green then bitcoin would be green.

China eventually banning Bitcoin mining might be a good thing. The only reason mines are concentrated there was because of the artificially low electricity rates (and sometimes they even just outright steal electricity to run their mines). As that becomes no longer available, it's very like that mines would be placed in areas that can produce electricity cheaply like those with hydro and geothermal plants.

Of course that don't rule out using oil or coal but mining being spread out meant it's more likely that some mines would run on green energy. Besides the Middle East is somewhat hostile to crypto so it's unlikely mines would be placed there.

[shesheboy]

The most ugly side of Bitcoin to me is the volatility nature its possess.

You arent alone with that  . many users also think that being volatile is the most ugliest side of bitcoin because the price can go down no matter how high the price goes  but volatility is also beneficial for investors and for us sellers because people can buy more coins when the price drops and we can sell it again when the price recovers or pumps  .

Many atimes some individuals do asked me of how secure will their investment be if they choose to invest in Bitcoin or cryptocurrency in general. And my replies will be, although is good to invest in it, but remember that, the market is not stable the price can fluctuate at any given time.

Securing your cryptos is easy  . all you gotta do is choose a good wallet that is safe or have a solid security  . also , checking your assets more oftenly is a good idea because you can monitor the price and then you can cash out them when you already hit your targeted price to secure their value .

[pixie85]

This is an old issue regarding with Bitcoin but it's still right to be concern with our mother earth, let's think about the betterment of our future though because every good technology that mankind invented has its own advantages and disadvantages even the printing of paper money needs to cut downs trees to produce its raw material so I think we can compare it to Bitcoin mining. I'm positive that the time will come that someone can think a way to minimize the heat/power cost of mining or eve greater to eliminate it all.

Is it really an issue? I think it's a point brought up by people who are looking for negatives in bitcoin. The same people are saying that it is used to finance terrorism and to pay for child porn and gambling. This is like saying that cars are used to kill people because people sometimes die after being hit by a car.

There is no issue. Bitcoin is using power like every other industry and is paying for it. Miners aren't stealing power but taking what is available for everyone.

[Marine8]

You may have a point with regards to the environmental pollution aspect, no doubt. But lets look at it from this angle, environmental pollution started way before bitcoin even came into existence. Apart from that, how many people mind bitcoin in a particular locality, compared to the number of industries and factories that are around there? The amount of pollution caused by other factors are way more than what bitcoin mining can cause.

[qwertyup23]

<snip...>

Mining consumes considerable amount of energy in producing bitcoin and its by-product is heat. Some claim that mining produces tons of energy while damaging the environment but there are ways in order to address this problem. People have already started implementing environmental procedures wherein they substitute processes which are relatively better for the environment.

Furthermore, global warming is a huge problem caused by multiple factors and not on mining alone. Although mining can contribute to the hazards, compared to factories which produce heavy tons of smoke everyday, the positive merit outweighs the negative outcome it brings.

[Thermytee]

Is environmental pollution an ugly side of bitcoin, I don't agree. Most energy sources for mining is electricity which may not necessarily be polluting the environment. The major issue is with the manufacturing companies scattered all over the world. Bitcoin mining has little or no effect on the environment. Some mining farms now use renewable energy to generate power for their mining processes. Though heat is  generated during mining, it's not sufficient.

[darklus123]

Do you have proofs that mining really affected the environment in a bad way? Or is this just your own opinion? I understand that this is just another attack entry for those who don't like haters but banks as well are creating pollutants in the environment.

https://phys.org/news/2018-08-energy-bitcoin.html

If you fully understood the point OP is actually referring to the energy consumption caused by bitcoin or any other crypto mining. The thing here is that this has been done already by almost all of the production sites all over the world which obviously consumes more than the percentage of bitcoin mining.

It is indeed purely just a propaganda

[De4ted]

But its worth the pollution it creates, also there are LOTS OF OTHER THINGS that creates more pollution than mining bitcoin.

BTW Im more interested on the ugly side of you. 

[baghdatis1990]

       I do not think you're serious. Mining pollutant for Bitcoin production is insignificant compared to pollution produced by manufacturing plants. Global warming is a cumulation of pollution due to truly harmful factories. Do you think there is no bitcoin anymore, do we remove global warming? Think again!

[leea-1334]

Every technology has a good and an ugly side. People keep talking about how Bitcoin mining is polluting the earth and what not, but it is a talk about cost and benefit,,, people never complain that gaming has a bad effect on the industry. Imagine millions of people consuming electricity, bandwidth and hardware just to play games. Or touch screens. Ever wondered where it comes from,,, how it is produced? How it pollutes the world?

Bitcoin at least gives benefit to many things and is still a lot of potential.

[TimeBits]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

"something that we can use without any interference and without any middle man"
I mean in order to cash them out you are trading back into fiat (middle man), in order to use them there is tx fee given to a (middle man), bitcoin itself is mostly owned by some else's supply(middle man). When you have to trade your bitcoin into fiat on a exchange (middle man).


May 5th, Christie Pits Park, All Toronto Canadians will be talking about Climate change
I will be presenting there, A token that is providing people basic income (www.bitswift.cash) and runs off 1 laptop and a solar panel (not more than the entire power supply of Ireland) (I can see why governments want to ban it)

Come say Hello, Come at me bankers and bitcoin "lamborghini members".
No I am not Bitswift or Ardor, just a big fan of what these men are doing.



#Cryptocurrency harvesting powered by the sun - #Bitswift #Blockchain. Lightweight, eco-friendly, green, all inheritable attributes for your #applications. $BITS

p.s. I don`t own any bitcoin, ardor or bitswift (I could careless about prices what I care about is the future of us humans) I care about my earth and well being of my species and other species.

[pushups44]

One way to combat pollution due to energy consumption is to promote the use of renewable energy for mining. This is a win-win for governments as they seek more efficient ways to generate and use power. Fortunately, the market is very good about promoting efficient energy usage, which is why there is a strong push to mine bitcoin with renewable energy, given that it is usually cheaper.

[jakezyrus]

well, I don't feel that it's the ugly side of bitcoin. however, that is the price that needs to be paid for using this technology. well, we all have different views, but if we have received bitcoin, then all sides will look good. that is what I think.

Thats true  . once you embrace bitcoin , you will also embrace its ugliness because the goodness of bitcoin still shines the most  .

other people that are not into bitcoin or isnt faithful to bitcoin are the only one that will always complain about the ugliness that bitcoin brings  .

 not only bitcoin but almost every cryptos and other payment methods out there do also have a bad side but they also blindly accept it .

[TimeBits]

This green talk is so overhyped it's not even interesting anymore. Please, get some numbers before you start generalizing! How much surplus energy is being produced around the world? This energy can't be stored and is being wasted. Whether bitcoin mining exists or not this energy will continue being produced and if not mining then other industries will eventually grow to use it.
Also, there's nothing stopping people from producing green energy if there's a branch of industry willing to pay for it. Miners want more, you build new solar/tidal/geothermal/hydro plant to supply them.

Bitcoin's "pollution" is still orders of magnitude lower than the entire world banking system, the datacenters Google, Microsoft and Amazon operate, and I could continue for a while. You get the point (I hope).

The benefit of energy consumption is that it forces every involved party to look for an alternative, because you firstly want your rates to be cheaper (a business is a business at the end of the day), and the alternatives are cleaner as well, which reduces external (political) pressure on your operation, which is another incentive right there.

The worst part is that some people consider it a waste of energy, lol. Securing trillions worth of value every year is a waste, right.  

True the current systems are build around greed as well   and bitcoin is better but still the fact is most the energy is not green energy being used. Which actually makes the price go up to the general public in the areas. Take a look into things like the Carbon Tax.
https://www.youtube.com/watch?v=K8kua5B5K3I where are the solar panels?


Mining and Forging in terms of distribution are pretty much the same thing the only difference is one uses more power than all of Ireland atm and one could run on a single laptop and have basically the same results.

It is a waste of energy, That power could be used for food production, if bitcoin price drops to 0, what did we accomplish, We don`t have anything to use in the real world like if we used the energy on mining Gold or FOOD.  

[Pamadar]

One way to combat pollution due to energy consumption is to promote the use of renewable energy for mining. This is a win-win for governments as they seek more efficient ways to generate and use power. Fortunately, the market is very good about promoting efficient energy usage, which is why there is a strong push to mine bitcoin with renewable energy, given that it is usually cheaper.

If this can be pushed the possibilities will be much better for the society, using renewable energy will be sufficient to continue the process of mining Bitcoin it's just needed to be well understood so the potentials will be much higher, imagine the cycle of mining without over using the actual electricity which been produced for the society, renewable will make it also much profitable in return.

[TimeBits]

 "The rest can only be treated as waste material"  https://www.youtube.com/watch?v=K8kua5B5K3I LOOK AT THE PILE OF SHIT ON THE GROUND AT 4:46  

Stop being ignorant for greed. This is my planet to buddies, I don`t care about your slave money gains.  

well we will see how people feel about it at the climate picnic may 5th.
https://www.youtube.com/watch?v=Qnw-hTYOYbk  Even silly rappers can see what is going on.

[philipma1957]

This green talk is so overhyped it's not even interesting anymore. Please, get some numbers before you start generalizing! How much surplus energy is being produced around the world? This energy can't be stored and is being wasted. Whether bitcoin mining exists or not this energy will continue being produced and if not mining then other industries will eventually grow to use it.
Also, there's nothing stopping people from producing green energy if there's a branch of industry willing to pay for it. Miners want more, you build new solar/tidal/geothermal/hydro plant to supply them.

This bitcoin gives a great incentive to build a solar array.

[TimeBits]

This green talk is so overhyped it's not even interesting anymore. Please, get some numbers before you start generalizing! How much surplus energy is being produced around the world? This energy can't be stored and is being wasted. Whether bitcoin mining exists or not this energy will continue being produced and if not mining then other industries will eventually grow to use it.
Also, there's nothing stopping people from producing green energy if there's a branch of industry willing to pay for it. Miners want more, you build new solar/tidal/geothermal/hydro plant to supply them.

This bitcoin gives a great incentive to build a solar array.

Or build another coin that does not use that much power and does the exact same thing.
Take a look into Forging vs Bundling vs Mining

[btcluisdiki]

In my opinion, mining btc has an impact with respect to power consumption and this will increased the fossil fuel consumption. Fossil fuels are generating more heat and pollution to the environment. Renewable source of energy should be developed further to help lessen the effects of global warming.

[jojohamasa]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

To solve this problem, the cryptographic community presented good ideas and initiatives, some of which have already begun, namely, alternative energy
there are ideas for ICOs projects that have raised millions of dollars to start an alternative energy project by using waste in power generation
for more detai
 wppenergy.io

[darklus123]

What is actually the big deal here? , humans doesn't even care about their trash that they've been throwing in the globe. We actually don't need big miners it's just that someone has the power to do it.

What if most of the users have their own small mining rig can that still affect the environment that much?

[TimeBits]

What is actually the big deal here? , humans doesn't even care about their trash that they've been throwing in the globe. We actually don't need big miners it's just that someone has the power to do it.

What if most of the users have their own small mining rig can that still affect the environment that much?

I do, I walk around picking up trash in my park here and there on the roads(granted I owe it because I throw my smokes on the ground when there is not ashtray around). But it is not just about throwing trash down it is about changing the climate as well.

I mean you don`t even need to mine with some new tech (look into forging or bundling or time dispensed*duration* tokens https://bitswift.cash/ is kind of like that from what I get, every time that bar fills up you get "Cash")

 Cars have evolved to be more fuel efficient, xbox went to xbox 360 went to xbox 1, Nintendo - switch, your mom turned my 3.5 inch floopy into a harddrive that turned into ssd`s, hdmi 2.0 to hdmi3.0.

    MS-DOS
    Windows 1.0 - 2.0
    Windows 3.0 – 3.1
    Windows 95
    Windows 98
    Windows ME - Millennium Edition
    Windows NT 31. - 4.0
    Windows 2000
    Windows XP
    Windows Vista
    Windows 7
    Windows 8
    Windows 10
    Windows Server
    Windows Home Server
    Windows CE
    Windows Mobile
    Windows Phone 7-10

yo, btw Bill Gates, I should of only had to buy 1 copy of that come on brah, haha   Where is the lifetime renewal package?

Tech gets better. That is why we have a thing called "antiques" that are more used as a novelty or for nostalgic purposes, so do people that is why hidden slavery will become nostalgic, Evolution baby right in front of our eyes.

[alonelyorange]

The ugly side of bitcoin maybe when price down its really hard to get back to higher price, we are waiting more than one years to see bitcoin could back above $10k and right now price still lower and drop.

[TimeBits]

The ugly side of bitcoin maybe when price down its really hard to get back to higher price, we are waiting more than one years to see bitcoin could back above $10k and right now price still lower and drop.

oooh, that is cute.
I feel sorry for you, don`t worry friend you will be able to pass go soon and collect $200`s.

In the meantime enjoy these puppies, maybe it will cheer you up. (don`t worry lonelyorange, I am here by your side, we are not lonely anymore)

[samcrypto]

What is actually the big deal here? , humans doesn't even care about their trash that they've been throwing in the globe. We actually don't need big miners it's just that someone has the power to do it.

What if most of the users have their own small mining rig can that still affect the environment that much?

It can still affect the environment. I agree that most of us here we really don't care about the globe and we are just making a big mess just to earn money. That's natural for a greedy people but if the mining with bitcoin affects the environment much, then I must say that the electricity on those big buildings should also be shut down because they consume more than the small miners. Just be more responsible miners, so you can have a better life surrounded by great nature.

[darklus123]

I do, I walk around picking up trash in my park here and there on the roads(granted I owe it because I throw my smokes on the ground when there is not ashtray around). But it is not just about throwing trash down it is about changing the climate as well.

I mean you don`t even need to mine with some new tech (look into forging or bundling or time dispensed*duration* tokens https://bitswift.cash/ is kind of like that fromw hat I get, every time that bar fills up you get "Cash")

 Cars have evolved to be more fuel efficient, xbox went to xbox 360 went to xbox 1, Nintendo - switch, your mom turned my 3.5 inch floopy into a harddrive that turned into ssd`s, hdmi 2.0 to hdmi3.0.

    MS-DOS
    Windows 1.0 - 2.0
    Windows 3.0 – 3.1
    Windows 95
    Windows 98
    Windows ME - Millennium Edition
    Windows NT 31. - 4.0
    Windows 2000
    Windows XP
    Windows Vista
    Windows 7
    Windows 8
    Windows 10
    Windows Server
    Windows Home Server
    Windows CE
    Windows Mobile
    Windows Phone 7-10

yo, btw Bill Gates, I should of only had to buy 1 copy of that come on brah, haha   Where is the lifetime renewal package?

Tech gets better. That is why we have a thing called "antiques" that are more used as a novelty or for nostalgic purposes, so do people that is why hidden slavery will become nostalgic, Evolution baby right in front of our eyes.

Seriously are you trying to promote a coin which actually just another type of Sh*t coin? , good for you then. Wait should you stop using gadgets also right? this are all getting energies as well from the power plants that are actually also polluting the environment?

Doesn't mean that the certain tech is more innovative it will have no effect in the environment. Unless we all wan't to live into the early stage of life. Bitcoin will eventually be better soon

[TimeBits]

I do, I walk around picking up trash in my park here and there on the roads(granted I owe it because I throw my smokes on the ground when there is not ashtray around). But it is not just about throwing trash down it is about changing the climate as well.

I mean you don`t even need to mine with some new tech (look into forging or bundling or time dispensed*duration* tokens https://bitswift.cash/ is kind of like that fromw hat I get, every time that bar fills up you get "Cash")

 Cars have evolved to be more fuel efficient, xbox went to xbox 360 went to xbox 1, Nintendo - switch, your mom turned my 3.5 inch floopy into a harddrive that turned into ssd`s, hdmi 2.0 to hdmi3.0.

    MS-DOS
    Windows 1.0 - 2.0
    Windows 3.0 – 3.1
    Windows 95
    Windows 98
    Windows ME - Millennium Edition
    Windows NT 31. - 4.0
    Windows 2000
    Windows XP
    Windows Vista
    Windows 7
    Windows 8
    Windows 10
    Windows Server
    Windows Home Server
    Windows CE
    Windows Mobile
    Windows Phone 7-10

yo, btw Bill Gates, I should of only had to buy 1 copy of that come on brah, haha   Where is the lifetime renewal package?

Tech gets better. That is why we have a thing called "antiques" that are more used as a novelty or for nostalgic purposes, so do people that is why hidden slavery will become nostalgic, Evolution baby right in front of our eyes.

Seriously are you trying to promote a coin which actually just another type of Sh*t coin? , good for you then. Wait should you stop using gadgets also right? this are all getting energies as well from the power plants that are actually also polluting the environment?

Doesn't mean that the certain tech is more innovative it will have no effect in the environment. Unless we all wan't to live into the early stage of life. Bitcoin will eventually be better soon

Why did you edit my quote?

also I am not promoting any "sh*t coin" I am promoting forging or bundling or time dispensed tokens, just used one as a example. That do the same thing as bitcoin mining with 1/100000000000000000000000000000000th of gigawatts of power usage (coins that do not cause sh*t to our environment or create "waste material" also literally know as "sh*t") or use our power that we could be feeding people with.
https://youtu.be/K8kua5B5K3I?t=284 go ahead look at the "sh*t" your kids, kids, kids will live in it! Open your eyes, stop being ignorant buddy.

ToxiCity: life at Agbobloshie, the world's largest e-waste dump in Ghana https://www.youtube.com/watch?v=mleQVO1Vd1I *this is literally trickle down economics and the future of the gold standard  
Yah that will be great, a bunch of people burning toxic plastic to get a bit of gold out of a computer, nah no negative effects foreseen here.

looking at your old post, "yah its just propaganda", NAH THERE IS NOT MAJOR WASTE! WHAT ARE YOU BLIND? more power usage than IRELAND! THAT IS NOW! WHAT ABOUT IN ANOTHER 20 YEARS

meh will just launch it into space, I am sure the aliens won`t mind when a telsa car smacks em in the face, ok will just launch it at the sun it won`t have any negative effects, nah let`s just put it on the moon that won`t screw up the orbits and tides or anything, hey wait.... we could sweep it under the carpet and put it on the bottom of the ocean that way we don`t have to see it for a few years.  I heard the toxic will turn some turtles into ninja turtles and they are pretty cool.

[creeps]

In my opinion, mining btc has an impact with respect to power consumption and this will increased the fossil fuel consumption. Fossil fuels are generating more heat and pollution to the environment. Renewable source of energy should be developed further to help lessen the effects of global warming.

Then there must be a regulations not just on bitcoin mining but also to those establishments who are still using fossil fuel, because they tend to be more harmful than bitcoin mining. The ugly side of bitcoin is not just about the mining but also those who are using it because people are the one who controls it and used it into bad things for their own sake. If we want to help the environment then we must start on our own little way and always be responsible wherever you go.

[CryptoBry]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

This is the big challenge with Bitcoin that should be given more focus. We already live in the era where environmental problems keep on growing everyday and people are demanding solutions and not addition to the many problems  we already have. For sure, Bitcoin can never be considered as really GREEN but I think there can be done on this. We can use new technologies that can lessen the power needed to run Bitcoin mining...and this is really important. How good it would be if Bitcoin is green.

[pinoyden]

In my opinion, mining btc has an impact with respect to power consumption and this will increased the fossil fuel consumption. Fossil fuels are generating more heat and pollution to the environment. Renewable source of energy should be developed further to help lessen the effects of global warming.

Then there must be a regulations not just on bitcoin mining but also to those establishments who are still using fossil fuel, because they tend to be more harmful than bitcoin mining. The ugly side of bitcoin is not just about the mining but also those who are using it because people are the one who controls it and used it into bad things for their own sake. If we want to help the environment then we must start on our own little way and always be responsible wherever you go.

fossil fuels are now rare these days because its harmful to the environment . they are considered illegal . bitcoin mining on the other hand is less harmful than fossil fuels because people can use renewable energy or eco friendly energy such as solar , wind , water and so on  .  bitcoin mining is not also a big industry because its not really that profitable  . now when it comes to the bitcoin usage  . bitcoin isnt alone that can be used for illegal purposes because even fiat money and other currency can also be used for doing crimes . so what im saying is its normal and should not be really consider an ugly side .

[eternalgloom]

We've seen this argument being made a bunch of times already and I've always said that it's based on flawed reasoning.
Consuming energy doesn't have to be polluting, I mean you can't fully eliminate the carbon footprint, but you can severly reduce it.

We need to find better ways to generate energy as a society, bitcoin miners are not personally responsible for how the power they're using is generated.

To call it "the ugly side of bitcoin" is a little bit dishonest imo, since there are many other industries that are far more polluting.

[jak3]

not everyone does bitcoin mining and its normal for humans to consume resources even if it harms the environment. just like humans deplicit natural resources from the earth so like mining. so to get better with mining and not harming the environment we have to minimize the heat generating from the mining rigs. for that we can have plants inside our room they need heat to grow and also keep the room open so it will make a balance with nature.

[coolcoinz]

This green talk is so overhyped it's not even interesting anymore. Please, get some numbers before you start generalizing! How much surplus energy is being produced around the world? This energy can't be stored and is being wasted. Whether bitcoin mining exists or not this energy will continue being produced and if not mining then other industries will eventually grow to use it.
Also, there's nothing stopping people from producing green energy if there's a branch of industry willing to pay for it. Miners want more, you build new solar/tidal/geothermal/hydro plant to supply them.

This bitcoin gives a great incentive to build a solar array.

Or build another coin that does not use that much power and does the exact same thing.
Take a look into Forging vs Bundling vs Mining

But why? What's wrong with using available power to increase the security of the network? POW is expensive, but it's also safe and robust, proven by years of stable performance. We aren't draining natural resources to mine. Nobody's feeding rainforests into a giant furnace to steampunk his way into bitcoin mining! Your 10MW hydro generator doesn't care if you're drawing 5 or 9 MW. If there was a shortage and miners switching off their machines could make the world feel more safe and comfy I would support the idea, but there's not!

[pundit]

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

[Kelvinid]

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

I also don't know what is the basis of his statement, I don't know such huge energy consumption give a huge impact to the environment causing pollution. There is no actually pollution happen, if only have but only it is just less than 1% which we can't be worried about.
I don't see any dark side of crypto whcih could be consider as a treat to our surroundings nor a treat to our health.   

[Fredomago]

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

I also don't know what is the basis of his statement, I don't know such huge energy consumption give a huge impact to the environment causing pollution. There is no actually pollution happen, if only have but only it is just less than 1% which we can't be worried about.
I don't see any dark side of crypto whcih could be consider as a treat to our surroundings nor a treat to our health.   

If there's 1%  it will not affect the the surroundings or it will not be felt that much, bitcoin pollution is not comparable to those pollutants that really damaging the environment, this is just some black propaganda but ain't be proven in any manner.

[OrangeII]

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

you are right. because this is only a matter of energy released from electricity. I think the actual pollution comes from vehicles, or greenhouses. maybe bitcoin minning can have that effect, however, I think it only gives a small effect.

[TimeBits]

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

you are right. because this is only a matter of energy released from electricity. I think the actual pollution comes from vehicles, or greenhouses. maybe bitcoin minning can have that effect, however, I think it only gives a small effect.

Have you ever heard of the butterfly effect? even the smallest of effects in the future become great ones. Even you reading this text right now, will change the future by a lot and alter the rest of your life.

[nauane]

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

you are right. because this is only a matter of energy released from electricity. I think the actual pollution comes from vehicles, or greenhouses. maybe bitcoin minning can have that effect, however, I think it only gives a small effect.

Those who are on the point of view that bitcoin creates energy pollution are totally wrong. The only pollution can be from the mining farms but if we compare it from other environmental pollution like  auto industry, rubber industry etc, it is very minimal.

[MMS2017]

Bitcoin is good but when the countries trying to stop it or whenever they want to illegal the crypto then it is a fear for me because if i invest my money in it and in the end the value of this currencies down then i can not use it and i will come from hero to zero so when i hear about the crypto market down i feel fear and then i am looking at all the market the bullshit. Bitcoin in the present time the best coin considered and approved and with this all the other altcoins are too very popular.

[Osayo]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

I don't really think there is much of a concern about the environmental hazards posed by energy consumption of bitcoin mining. If you compare this to the current energy consumption of the banks and other financial institutions, then you will realize that bitcoin is still a better option as its activities will save more energy than the large power plants used by all the banks put together.

[TimeBits]

DO TWO WRONGS MAKE A RIGHT?

Hi!

You know to guess at how much electricity is being consumed, for a produced known hashrate, the data may not accurately reflect the actual reality, as the asics improve, and get cycled in over time throughout the network, the numbers on the issue are not bad at all. The market cap certainly justifies this use of electricity.

https://www.youtube.com/watch?v=K8kua5B5K3I LOOK AT THE PILE OF SHIT ON THE GROUND AT 4:46

"The market cap certainly justifies this use of electricity"......... you greedy boy, KILL YOURSELF.... O WAIT YOU ALREADY ARE AND THE REST OF THE WORLD FOR ALL HUMANS AND ANIMALS FOR WHAT FIAT2.0 ILLUSION OF FREEDOM WORK FOR ANOTHER MANS MONEY SUPPLY?

I don`t own any bitcoin, I used to, why do I have to pay more in tax for you to run a network I don`t even give a shit about look into things like carbon tax. I mean I care about blockchain and satoshi. I don`t care about bitcoin in its current state as I see it will only end up killing us all in the end and I prove it in a simulation, It will lead to your kids being $laves or someone you knows kids go watch huntercoin youtube.

[TimeBits]

DO TWO WRONGS MAKE A RIGHT?

Hi!

You know to guess at how much electricity is being consumed, for a produced known hashrate, the data may not accurately reflect the actual reality, as the asics improve, and get cycled in over time throughout the network, the numbers on the issue are not bad at all. The market cap certainly justifies this use of electricity.

"The market cap certainly justifies this use of electricity".........  KILL YOURSELF

I am certainly not going to violate that command because some apparent bozo states to do such on the net.

I didn't look at the video, but if it is something in china, perhaps you can send your complaint to the appropriate govt agency over there.

First of all I am not in the States, I live on Earth. Secondly,
"KILL YOURSELF.... O WAIT YOU ALREADY" don`t take things out of context. It was a joke but I guess it flew over your head. If you think it was serious I suggest contacting https://suicidepreventionlifeline.org/, I regret saying that I am sorry, I don`t want anyone to kill themselves as you can tell by this post....

Brother that is all over the world! not just in China! more power usage than Ireland, we could feed all of Ireland and transport and run everyone equipment anything that uses power it is literally all the power in Ireland and soon to be Canada.  Wake up!

Watch the video if you are going to make a reply to a comment with a video in it. check out this video to while your at it https://www.youtube.com/watch?v=Qnw-hTYOYbk maybe a Lil Dicky can convince you.

[Genamant]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

this issue has been widely raised but bitcoin experts explains that benefits from bitcoin outweigh this fact
you can read this article to know others views about your topic

https://coingape.com/is-bitcoin-mining-actually-an-environmental-hazard/

[TimeBits]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

this issue has been widely raised but bitcoin experts explains that benefits from bitcoin outweigh this fact
you can read this article to know others views about your topic

https://coingape.com/is-bitcoin-mining-actually-an-environmental-hazard/

"In comparison Fiat is far more detrimental!"

yah two wrongs make a right, when your shit stinks blame it on other stinky shit. Grow a pair whoever wrote this article.

[bobsav2121]

According to this article https://cryptotradernews.com/cryptocurrency/how-does-bitcoin-mining-work/ ;

Bitcoin mining is largely restricted to people with access to cheap or renewable energy, as well as enough money to run several mining rigs at once.


So, in essence, since traditional (dirty) energy typically isn't cheap most people tend to use renewable energy anyways. I don't think bitcoin mining is that big of a problem for the environment...

[TimeBits]

According to this article https://cryptotradernews.com/cryptocurrency/how-does-bitcoin-mining-work/ ;

Bitcoin mining is largely restricted to people with access to cheap or renewable energy, as well as enough money to run several mining rigs at once.


So, in essence, since traditional (dirty) energy typically isn't cheap most people tend to use renewable energy anyways. I don't think bitcoin mining is that big of a problem for the environment...

I will go out to some of these industrial farms and make a video on all the waste being produced you can already see it in the video I linked above. "bit government fiat is worse" is the main throw back here, come on, what are you 5? That article is b.s. and I can see it with my own eyes. It uses more power than IRELAND ATM! you can energize all of Canada if we keep going at the rate for free next year!

what is "renewable energy" are we able to reuse that power that has been expended to secure that network? I mean if we put it to food we could.

[Leonardo7]

This is currently what the media is focusing upon and not the previous Pyramid and Ponzi allegation of the bitcoin state. Well, a lot of projects are now focusing on renewable energy which is eco-friendly. Another thing is that the bitcoin miners are paying for this electricity, and thus contributes to the country's IGR.

[posi]

I do not really agree to the thread starter statement about pollution from Bitcoin mining. What amount of pollution it produces? I think only the pollution he can talk about is global warming because of high end equipments used in BTC mining. It is not wasting any energy rather Bitcoin mining is utilizing it. More pollution is caused by vehicles we drive or the large manufacturing industries, we need to focus on such areas rather than talking about pollution by BTC mining which is in no way justified.

you are right. because this is only a matter of energy released from electricity. I think the actual pollution comes from vehicles, or greenhouses. maybe bitcoin minning can have that effect, however, I think it only gives a small effect.

Yes, we shouldn't ignore problem affecting Bitcoin network and if we check it closely the problem which Bitcoin is facing will definitely pollute crypto sphere sooner or later when Bitcoin hit the mainstream of payment if we don't focus on it. But if we talking about environment pollution I also don't see Bitcoin mining polluting the environment than cars etc. Infact, the electricity consume in Bitcoin mining is still low than the electricity consume by the fiat money printing company.

[figmentofmyass]

Not to mention the energy consumption itself is a trivial amount in comparison to how much electricity is used by the world annually.

that's true, although we shouldn't assume that will remain true forever. if bitcoin continues on a path of exponential adoption and price increase, the energy expended to mine it will likely increase drastically as well. an ever-increasing price (as we've seen for the past decade) creates incentive for an ever-increasing hash rate.

hopefully market forces will drive miners towards cheap renewable energy. that's the ideal, especially as solar panels and other renewable tech becomes cheaper to produce. unfortunately other external forces can undermine this market activity: for example, chinese capital controls provide increased incentive for miners to produce at any cost (and regardless of carbon footprint) in order to aid capital flight outside the country.

[arpon11]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

If we began to list some of the things that pollute our investments we as a human beings may not be on this earth and most of the things we see do pollute our environment.  I think the disadvantage of bitcoin in polluting our environment is insignificant and I don't think it can match bitcoin benefits of being a decentralized way of transactions were third party are not needed in whatever we do financially.  The transparency bitcoin bring into transactions and trusts.  I think we need bitcoin to resolve most of the financial issues we are having all over the world.

[mensahkkofie]

There are always bad things associated with the good things in life. This is not only limited to the mining of bitcoin but many activities that are essential in life. With little improvement in modern technology, there  would be greener source of energy for the mining of bitcoin and other activities that contributes to global warming.

[crzy]

As for me, anything that is beneficial requires energy even if its a digital currency or physical money.  Bitcoin consumes and bitcoin produces so there is a thermal balance which we must not bother about. Bitcoin is not certainly consuming a huge percentage of electric supply. There are lots of businesses which consumes more energy than mining.

That’s right, this is just a small consumptions compare to those corrupt big companies who are really ruining the nature, just like the real mining industry where they killed many trees for their own sake. Bitcoin is harmless, it can give you good things just treat it right.

[sammyp]

How successful have we been able to address other sources of pollution? Our climate keeps changing now and then. I think bitcoin mining is posing a little threat compared to the other pollution sources such as the kind of vehicles we use especially in the developing and underdeveloped countries.

[BADecker]

One of the ugliest sides to Bitcoin is hidden. The world is being saved from the communications chaos that would come about from an uncontrolled Bitcoin-as-an-investment. But 5G communications are already online in a few places, and when they come online in a big way, Bitcoin communications chaos will be eliminated... because 5G will be able to handle it all.

So, what's the hidden ugly? It's that 5G radiation will essentially nuke all life on earth, similar to the way a cat is nuked when you place him in the microwave oven.

At best our brains will be partially fried, and Hitler-like people will be able to control us through 5G signals, direct to brain. It's being set up with all the aluminum and barium being sprayed into the air in the form of chemtrails. We absorb this stuff into our systems and brains. It will make us succeptible to 5G radiation controls, mentally, directly.

[drumamat]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Yes, mining is relatively harmful, but besides it, our Earth is polluted by a lot of chemical plants.There are a lot of fires per day with the release of a much larger amount of harmful substances.How many cars pollute the atmosphere with exhaust gases.I think if you take it together,the mining looks like a little prank.

[DreamStage]

Pollution is being caused by Bitcoin?

Actually no, you could still use Solar Panels for Bitcoin production which already exists as for example:
https://bitcoinist.com/bitcoin-miner-says-solar-energy-cuts-mining-costs-by-75/

Sure as in general all those cons exist but sooner or later more adoptations (at least better ones) will be applied so save us from the negative side effects.

[Artemis3]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

No because this "problem" does not exist and will correct itself by free market forces...

Sooner than later it will be too expensive to mine using energy from the grid in ANY country, even mine. Then the last miners will be those who invested in renewable energy and therefore have free electricity from nature.

For that reason the best thing you can do, is do nothing.

[TheKeyLongThumbI]

As for me, anything that is beneficial requires energy even if its a digital currency or physical money.  Bitcoin consumes and bitcoin produces so there is a thermal balance which we must not bother about. Bitcoin is not certainly consuming a huge percentage of electric supply. There are lots of businesses which consumes more energy than mining.

That’s right, this is just a small consumptions compare to those corrupt big companies who are really ruining the nature, just like the real mining industry where they killed many trees for their own sake. Bitcoin is harmless, it can give you good things just treat it right.

That's very true. How can they point us out when they can't put fingers on those multi-millionaire who own those mining companies. There have been numerous time where flashfloods and landslides killed thousands of my people in my country because of rampant mining activities in those forest and mountains. I know that btc mining can be solved by renewable energy but not the real mining.

[pinggoki]

As for me, anything that is beneficial requires energy even if its a digital currency or physical money.  Bitcoin consumes and bitcoin produces so there is a thermal balance which we must not bother about. Bitcoin is not certainly consuming a huge percentage of electric supply. There are lots of businesses which consumes more energy than mining.

That’s right, this is just a small consumptions compare to those corrupt big companies who are really ruining the nature, just like the real mining industry where they killed many trees for their own sake. Bitcoin is harmless, it can give you good things just treat it right.

That's very true. How can they point us out when they can't put fingers on those multi-millionaire who own those mining companies. There have been numerous time where flashfloods and landslides killed thousands of my people in my country because of rampant mining activities in those forest and mountains. I know that btc mining can be solved by renewable energy but not the real mining.

Indeed, as a matter of fact, bitcoin mining is far batter than real mining or gold mining because first, the electricity consumption of bitcoin mining could be rely on eco-friendly of getting energy such as solar panels unlike the fuel used by vehicle in real mining is non-renewable at could absolutely harm our environment. Generally, all of these have cons but by further finding more efficient solution this negative effects will be clear up.

[Wildwest]

that is not the ugly side of "bitcoin", i would go as far as saying it has nothing to do with bitcoin. it is all about the ugly side of the electric producing companies that have been producing it inefficiently and with lots of pollutions. bitcoin is just using what is offered to it by them. we can't change everything. we have revolutionized the concept of currency from being centralized to being decentralized, you can't expect us to also revolutionize the electricity production too!

I agree with you that it is not the bad side of bitcoin because bitcoin has nothing to do with environmental pollution. When energy use begins to be inefficient we cannot blame what other people do, because more and more energy technology is increasingly needed.
The rest is the task of the energy company to be smarter in developing strategies.

[BigBos]

The Good
Bitcoin is incredibly secure. Most of the time, people talking about “hacking” when it comes to cryptocurrencies have no idea what they’re talking about. At this point, barring an (extremely unlikely) exploit to the underlying cryptographic algorithm, it would take nation-state level budgets to be able to perform attacks on the network

maybe the worst thing is, crypto is always the target of hackers, or other things like scammers. well, this is difficult to avoid if we are not careful. even I myself have felt the bitterness of believing in a scammer, or a hacker who took my bitcoin in my wallet.

[Mr.Ease]

Pretty sure if the Energy Companies Selling energy to those miners had an issue, they could just increase their price so it's unprofitable to mine.
But they don't.

Because they Love BTCBTC 

IDK, blaming this "Global Warming" on BTC Miners seems kinda like something the oil companies would say...

[Fredomago]

Pretty sure if the Energy Companies Selling energy to those miners had an issue, they could just increase their price so it's unprofitable to mine.
But they don't.

Because they Love BTCBTC 

IDK, blaming this "Global Warming" on BTC Miners seems kinda like something the oil companies would say...

They are most probably the one who will point fingers to this miners, they should be the one that will be blamed, but that's business everyone will wanted to stop something that will make a good competitions or make some impacts to their own self greed, we never know as we don't have anything
to point things to another.

[darklus123]

Why did you edit my quote?

also I am not promoting any "sh*t coin" I am promoting forging or bundling or time dispensed tokens, just used one as a example. That do the same thing as bitcoin mining with 1/100000000000000000000000000000000th of gigawatts of power usage (coins that do not cause sh*t to our environment or create "waste material" also literally know as "sh*t") or use our power that we could be feeding people with.
https://youtu.be/K8kua5B5K3I?t=284 go ahead look at the "sh*t" your kids, kids, kids will live in it! Open your eyes, stop being ignorant buddy.

ToxiCity: life at Agbobloshie, the world's largest e-waste dump in Ghana https://www.youtube.com/watch?v=mleQVO1Vd1I *this is literally trickle down economics and the future of the gold standard  
Yah that will be great, a bunch of people burning toxic plastic to get a bit of gold out of a computer, nah no negative effects foreseen here.

looking at your old post, "yah its just propaganda", NAH THERE IS NOT MAJOR WASTE! WHAT ARE YOU BLIND? more power usage than IRELAND! THAT IS NOW! WHAT ABOUT IN ANOTHER 20 YEARS

meh will just launch it into space, I am sure the aliens won`t mind when a telsa car smacks em in the face, ok will just launch it at the sun it won`t have any negative effects, nah let`s just put it on the moon that won`t screw up the orbits and tides or anything, hey wait.... we could sweep it under the carpet and put it on the bottom of the ocean that way we don`t have to see it for a few years.  I heard the toxic will turn some turtles into ninja turtles and they are pretty cool.

Seriously? I just cut out the previous that are already answered there is no point in quoting that one back. Tokens for another coin right? then it is still a sh*tcoin. You are just looking on the other side. Of course chinese doesn't always care about the environment, you know how toxic they are. What I am trying to say here is that we can actually still do mining bitcoin using a much more environmental friendly way of getting your energy. It is all about the type of energy you've been using but the coin that you've been talking is  not the answer to that as I have said that can just be a type of coin which is actually considered as sh*t.


You keep ranting about the usage of so much energy. Have you ever used bitcoin? or even mined a coin? If so then stop being sarcastic about it you also contributes to the effects it causes. If you would say no " I don't think so"

[Afnan_faizah]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

I heard many statement like this, come on mate open your eyes. Did you know that the cost that government spend for paper money. Government spends a lot of money for the creation and the maintenance of paper money. Bad or ripped paper money will be burned and replaced by the new one while there is nothing like this in bitcoin. Remittance service also spends high of cost  to move paper money to destination place, it needs car, safety box and police to make sure that everithing it save. But when you use bitcoin then hou don't need something like that.

[alcoholboy]

The importance of Bitcoin in the present age is increasing day by day. Bitcoin is one of the best sites to earn money in a very short time. But in every good direction, bad aspects are also hidden. There are also some bad aspects of Bitcoin. People are so much leaned on it that they forget about everything and just stick to this site.

Thank You

[Iamtutut]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

https://beincrypto.com/how-much-pollution-does-bitcoin-mining-really-produce/

So much more energy efficient than many many other things.

[izanagi narukami]

There are uglier side than mining bitcoin.
For example my company using coal to generate electricity and the people who live near coal factory are suffering because they produce dirty pollution.
Yes, crypto mining require more energy as long as they exist but there are more problem that need to be solve and crypto still not priority yet

[coolcoinz]

There are uglier side than mining bitcoin.
For example my company using coal to generate electricity and the people who live near coal factory are suffering because they produce dirty pollution.
Yes, crypto mining require more energy as long as they exist but there are more problem that need to be solve and crypto still not priority yet

The production of energy from coal isn't as dirty as people think. Didn't you hear about the latest Japanese project to build some new coal burning plants. They had enough of atomic energy after Fukushima and learned that what used to be advertised as clean energy is actually deadly. The pollution that Fukushima caused wouldn't be possible to achieve if they run a coal power plant for 100 years.


Japan is poor in resources such as oil and natural gas, and it built numerous coal-fired power plants in the aftermath of the “oil shock” of the 1970s in order to reduce dependency on oil and diversify its energy sources. The country also increased its dependency on nuclear power and liquefied natural gas.

As climate change issues grew in importance, the government, in its basic energy plan endorsed in 2010, sought to increase reliance on nuclear to 53 percent of the total and reduce that of coal to 11 percent by 2030. But the Fukushima No. 1 disaster threw that plan into disarray.
https://www.japantimes.co.jp/news/2018/10/09/reference/japan-continues-rely-coal-eyes-coal-fired-plants-despite-global-criticism/#.XM7dIjAzaUk

[Iamtutut]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

https://beincrypto.com/how-much-pollution-does-bitcoin-mining-really-produce/

So much more energy efficient than many many other things.

From the article I quoted:

"One user (@khannib) found that 10 years of Bitcoin mining has produced the equivalent energy consumption as all American cars in three or four days."

[Vishnu.Reang]

Energy generation is getting more greener these days, with renewable energy sources such as solar energy, tidal energy and wind energy increasing their proportion with every passing year. It is not like fiat energy is environmentally friendly either. Printing all the bank notes and minting the coins requires a lot of paper/pulp and metals.

[iqlimasyadiqa]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Indeed all things must have positive and negative sides. we don't need to be hypocritical to deal with that. but for me bitcoin has many benefits compared to the negative side. the use of bitcoin is very useful to support our lives at this time and also in the future. bitcoin mining is indeed a serious problem, but along with the discovery of renewable energy such as nuclear energy, in my opinion this can be muted.

[Bunsomjelican]

For me I don't see the bad side neither the ugly side of it too. Though I can't deny that as of the moment people around the world still need fiat currency, however, Bitcoin may not be like fiat as needed but its an opportunity to everyone who believe in it, including myself of course. It cannot be deny also that Bitcoin nowadays was very popular in the entire world too.

[Indamuck]

From the article I quoted:

"One user (@khannib) found that 10 years of Bitcoin mining has produced the equivalent energy consumption as all American cars in three or four days."

A least most of the electricity used in mining comes from clean or renewable energy sources, not producing dirty emissions that would require you to wash your car sooner than you would like too - you are essentially comparing apples and oranges.

I may be wrong but isn't most mining electricity still coming from traditional sources rather than solar, wind, and hydro.


America could easily cut down emissions if they had more public transport systems instead of everyone owning a car.

[Iamtutut]

If you count nuclear power plants in "clean" (meaning non warming effect), then the figure is not unrealistic.

[newgal2017]

Well I'm thinking of a something like a solar panel and a wind or water turbines produced energy to use in mining but I think it would be a problem too since a water and wind turbine needs a lot of water and a good area to maximize the air flow in regards with solar panels I think you need tons of solar panels to run a mining equipment for 24hrs since the solar panels can only gather energy during day.

I might thinking of a new kind of coin to introduced that doesn't need to do mining using energy maybe through nodes? I'm not sure I'm just giving my idea since I don't have enough knowledge about technical stuff and I don't know the cons and pros of the idea I shared.

[denzkilim]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

the fundamental problem here is that humans are still using money. you think the banking system consumes no energy and has no carbon footprint? how about gold mining?!

bitcoin didn't solve the problem of how to secure money without energy consumption. that hasn't been solved yet and may never be.

That makes sense, the blame shouldn't be only on crypto like Bitcoin that needs mining because there are a lot of other things that cause global warming and pollute our environment more than Bitcoin does. The more the technology becomes high the more the energy we consume because most of the innovations that we do are based electronics and electronics needs electricity, I guess creating more renewable energy sources might help to lessen the global warming effect.

[Alpinat]

I disagree with your statement here. Bitcoin is not the cause of the problems that you stated bitcoin is just a cryptocurrency that wants to help people in different country to lessen the effort to send money and make it easy to communicate,. Global warming is not just caused by mining.

[cipherhut]

Bitcoin emerged as an alternative option to the traditional currency with extended features and its underlying technology i.e. blockchain is grabbing the attention with its security benefits. But every good thing has some setbacks which make it harder to accept with ease and the same thing happening with Bitcoin now!

[gabbie2010]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

I had the opportunity of visiting a refinery and where crude oil is extracted, in the former the environmental pollution in form of smokes churning out from those chimney 24/7 is very alarming triggering global warming  while in the latter oil spillages had degraded the entire riverine area making life unbearable for both aquatic and inhabitants all those effects had the polluted water and land have much more impact on the environment compared to mining of bitcoin.

[Ailmand]

Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.

Are you sure that Bitcoin is causing all of this?   Bitcoin mining might have it's share with this but take note that some miners are seekig alternatives such as using natural energy (solar, hydro, thermal energy) to pwer their farm since it is not just eco-friendly but alsp cost efficient in mining.
Still, all the environment problem that we have is caused by us, people. Deforestation, water pollution, over population, there's a very long list, and bitcoin mining has nothing to do with it.

[Xising]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Well, I would say that amongst all similar assets that can be held upon, Bitcoin is really one of those that has a lot of ugly sides so to speak because all of its characteristics have been given that negative image from when it started. Many of its characters can be considered a double edge sword that can be good or bad at any given situation, it's just up to the user himself to know what and when to do the correct actions in order to make those characteristics work for him to get good profits. Also, as much as Bitcoin having its ugly, we cannot discount the fact that it also has a lot of good sides in it that can be capitalized upon in order to get good returns and profits. It's just a matter of knowing what to do, which can be had through continued gathering of knowledge and experience.

[ogini]

As long as humans are existing we all need money and energy consumption,Bitcoin mining is not the only source of  carbon,the bank,oil companies,private business etc,all of these generate carbon,so I don,t see bitcoin as a source of global warming. 

[darklus123]

this too will change in time. Miners will become more efficient...the code will shift to reflect this too most likely

It will definitely happens sooner or later. It's just that now is not the right time to do so. We still have things to fix, I am not saying tho that the environment effect should not be prioritized the thing here is that it will be very difficult to address as for the current bitcoin situation

[martychubbs]

We can apply this ugliness to almost everything in this world that has been created by human. Probably because it's us who ugly in our greed and consumerism. Global warming was unavoidable. In the scale of a planet it's a normal process and it's only harmful for us. Bitcoin is just a by-product of our need for convenience and our stress about safety of our funds.

[jhonjhon]

Yes, it is true that mining bitcoin uses a lot of energy but how about those gold mining, illegal logging & etc, I think those are the ones who has been damaging our environment big time. Even before the birth of bitcoin, pollution, global warming and the likes has been an issue how come you all blame it to bitcoin all of a sudden. On the other hand, a lot of us is still using money, where do you think it's from? It is from trees right? Bitcoin may have an effect on the environment but it is not the main cause of all environmental problems.

[pragna]

I am not agree with it as i astonished how Bitcoin pollutes environment? Bitcoin using electricity and battery for mining but electricity is much needed at present time. Electricity has changed our life ridiculously day by day and in each and every part of our life electricity is working like Wonder light. So for electricity may has some bad effects but how we blame BTC for that??

[Karamabit_209]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Well, don't blame it all to bitcoin because it is not the only one contributor to global warming and in fact, what it does is just a small fraction compare to what gold mining and other human activities do. And to tell you, bitcoin miners is now trying to use the alternatives. And for me, it worth it because of the pros it gave us like fast transaction speeds, a form of investment, an alternative way to buy things with an ease. It even allow us to play on an online casino where we could play poker, cards, and the likes on your home. So don't blame bitcoin to global warming, other polluters do a huge damage compare to bitcoin and bitcoin miners again try to lessen it's effects by doing the alternatives.

[Yamifoud]

I am not agree with it as i astonished how Bitcoin pollutes environment? Bitcoin using electricity and battery for mining but electricity is much needed at present time. Electricity has changed our life ridiculously day by day and in each and every part of our life electricity is working like Wonder light. So for electricity may has some bad effects but how we blame BTC for that??

Even we think that miners contributed wastages to the environment but they will handle it carefully in never cause pollution to us. If we compared it to big factories, I believe it is just below 1% contribution and it will give a huge effect into our environment condition.

Only I saw the dark side of Bitcoin is someone used this into illegalities and fraud. I'll never think this as a huge pollution contributor.

[DreamStage]

Yes, it is true that mining bitcoin uses a lot of energy but how about those gold mining, illegal logging & etc, I think those are the ones who has been damaging our environment big time. Even before the birth of bitcoin, pollution, global warming and the likes has been an issue how come you all blame it to bitcoin all of a sudden. On the other hand, a lot of us is still using money, where do you think it's from? It is from trees right? Bitcoin may have an effect on the environment but it is not the main cause of all environmental problems.

Well if we consider mining does produce a certain amount of polution coming from it's electricity that is used for mining only or creating new network technologies.
Then we should accept the fact that is does have a ugly side overall. But i'm sure there will be better ways to prevent such in the future like using Solar Panels.

[scambust]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

The carbon footprint of Bitcoin mining compared to other industries is miniscule. Although, it doesn't excuse the pollution caused by the mining. IMHO, it is a bigger issue of pollution caused by generating power. Renewable resources is the key.

[kotajikikox]

In relation how useful bitcoin is i think the polution from the mining farms / transactions is worth it.
I’m more worried about the polution by manufacturing and disposing the batteries for e-cars...

In my understanding bitcoin electricity and power to run the computer system use for mining. I agree with mate food manufacturer, chimical manufacturer use to make cars or equipment are the highest polution contribute worldwide.

[Ranly123]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Pollution is everywhere and it a nature to mankind that everything will have an effect to the environment. Maybe we should just accept the fact that every positive action that people do has a negative reaction to the environment.

[MFahad]

In relation how useful bitcoin is i think the polution from the mining farms / transactions is worth it.
I’m more worried about the polution by manufacturing and disposing the batteries for e-cars...

In my understanding bitcoin electricity and power to run the computer system use for mining. I agree with mate food manufacturer, chimical manufacturer use to make cars or equipment are the highest polution contribute worldwide.

But i heard most of the countries ban mining, recently China also ban it then it is good thing. It is true, mining need a lot of electricity and also need big capital tomake it. So better to buy only bitcoin and in my country mining is totally ban.     

[niisarearning]

Bitcoin emerged as an alternative option to the traditional currency with extended features and its underlying technology i.e. blockchain is grabbing the attention with its security benefits. But every good thing has some setbacks which make it harder to accept with ease and the same thing happening with Bitcoin now!

Yes bitcoin or crypto currencies are having set back and also compare to traditional fiat currency required paper it was also harmful for environment . Bitcoin reduced that and some mining electricity required now , Even Smart phone and laptop charge required phone . It is also consuming huge electricity . Once segwit or offchain transaction implementation done there will be reduction of this problem.

[Nnuego]

How on earth is bitcoin causing environmental pollution through mining (small portion of it though). What happens if it's been mined all over the world? That means the world will put a stop on it. Bitcoin pollution is never an issue,the issue is how it will be adopted all of the world

[Irvinn]

How on earth is bitcoin causing environmental pollution through mining (small portion of it though). What happens if it's been mined all over the world? That means the world will put a stop on it. Bitcoin pollution is never an issue,the issue is how it will be adopted all of the world

Actually, I wonder who raises this question.  Why do some people talk about the fact that mining Bitcoin causes environmental pollution, while not paying attention to what is happening with the pollution of the seas and oceans, with deforestation, with CO2 emissions into the atmosphere and in general with the complete destruction of nature in the world  .  Why not pay attention to this, when our system destroys each state with its own plants, while no one is engaged in reducing carbon dioxide emissions. 

[fiulpro]

In relation how useful bitcoin is i think the polution from the mining farms / transactions is worth it.
I’m more worried about the polution by manufacturing and disposing the batteries for e-cars...

No pollution is worth it , none.
You are more worried about pollution from manufacturing departments ? But will choose to ignore this ?
This is something that actually shows how concerned you are about your environment, actually there are renewable options available for us when it comes to using electricity, one can actually go and do something about it , but just considering that it's useful and not doing anything about it is something that won't do good for anyone.

[samsul1234]

maybe you are too blaming one side especially bitcoin, you don't see much from people in luarsana that damage nature not because of bitcoin, a lot of pollution everywhere, i live in indonesia and pollution here is not caused by bitcoin

[Janation]

It all depnds upon how you use bitcoin.
Like Many Scammers are using crypto only. It is a bad side.

It is true that there are a lot of scammers, but it is on us how we will be taking care of our investments or cryptos.

Since the first year Bitcoin became available, we all know it is not safe since it is a decentralized cryptocurrency and it is a digital currency, the horror of early digital currencies will still be in our minds. But it proved that Bitcoin is secure, it is hacked in the past but after that, it never happened again. For me, the ugly side of BTC is the people who wants to earn money since they are taking advantage of the price movements and other people are affected by that decision, I think this world is cruel for those people that is new here.

[Sithara007]

This is more of a temporary issue. As technology progresses, we will see more powerful mining rigs, that consume only a fraction of the power that the current mining rigs consume. If you remember, the old computers (of the 1990s) consumed a lot more power when compared to the PCs and laptops of current generation. The same will happen with Bitcoin miners.

[wack slacker]

The bad thing about bitcoin is that their value is unstable and constantly changing.  It would be good to keep them long and the value of Bitcoin increases but if they are reduced it is disastrous.  Bitcoin does not anonymous this affects the privacy of the person who used them.  Like any currency, exchanging from one person to another is completely anonymous and you can't look at the money table to know who owned it or use it for exchange, it's simply  is a sheet of paper.

[Vishnu.Reang]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

As per the latest stats, Bitcoin mining consumes as much as 1% of all the electricity available in this planet. I don't think that this is a very significant amount. A lot of electricity is consumed and toxins released during the mining of gold and silver, two metals that are used for making bullion coins. No one seems to be having an issue. You can't say that one thing is good and another is bad, if they are very similar.

[exchangestolemycoins]

What about the environmental impact of traditional payment networks? Setting up a bank account, getting monthly paper bills and promotions, the cost of hiring a human being to support your questions about their horrendous UI... it adds up quickly, bitcoin or not.

[kerneal]

The fee situation on BTC is what big blockers have been predicting all along. Ou next prediction: Users will evacuate High Fee Coin for better alternatives. The easiest thing to switch to is BCH. I ve heard Credits-coins are going to prove to be formidable because there's a solid community behind it, there's a use for it, and it's got a great market capitalisation. I think that's going to be a winner.

[Getmon]

Bitcoin may be contributing to global warming but before pointing your fingers at Bitcoin, try to look around you and tell me where the heat of your surroundings come from. It is very hot here in my place but I cannot simply blame Bitcoin miners for it. I can easily see hundreds of cars emitting black smoke, factories releasing smoke in the air, houses with CFC-releasing air condition system, huge coal-fired power plants, and so on. How many percent does Bitcoin mining contribute to global warming? And, for all you know, they are slowly converting into using green energy.

[Sithara007]

What about the environmental impact of traditional payment networks? Setting up a bank account, getting monthly paper bills and promotions, the cost of hiring a human being to support your questions about their horrendous UI... it adds up quickly, bitcoin or not.

Do you know that printing of all the paper money in circulation around the world resulted in the destruction of a huge amount of forest? And paper money needs to be replaced every 5-6 years, while Bitcoins don't need replacement. Coins that are mined once remain in circulation for ever. That is unless the private key is lost for some reason.

[zee11225]

The fee situation on BTC is what big blockers have been predicting all along. Ou next prediction: Users will evacuate High Fee Coin for better alternatives. The easiest thing to switch to is BCH. I ve heard Credits-coins are going to prove to be formidable because there's a solid community behind it, there's a use for it, and it's got a great market capitalisation. I think that's going to be a winner.

Maybe the bad side of humans will be spoiled with technology, as you mentioned monthly paper bills, bank accounts, etc. In my opinion we must still have cash because all technologies still have imperfect sides such as hacking, etc.
But again, bitcoin is the most expensive currency and from there we can profit because there is a trading system. I can only keep up with the times so we are not outdated.

[wanted sliter]

In addition to consuming energy from electricity, bitcoin mining also generates waste from computer hardware.  Bitcoin is not really anonymous and improvements on the bitcoin network are still limited.  A large number of Bitcoin was created from the first years by Shatoshi.  This means that if he keeps them now, that is a terrible amount.  Bitcoin market is still small so the manipulation to manipulate the market is huge.

[slaman29]

Bitcoin may be contributing to global warming but before pointing your fingers at Bitcoin, try to look around you and tell me where the heat of your surroundings come from. It is very hot here in my place but I cannot simply blame Bitcoin miners for it. I can easily see hundreds of cars emitting black smoke, factories releasing smoke in the air, houses with CFC-releasing air condition system, huge coal-fired power plants, and so on. How many percent does Bitcoin mining contribute to global warming? And, for all you know, they are slowly converting into using green energy.

I think the argument of Bitcoin energy wastage is not only stupid but deserves not to even be acknowledged. First we'll talk about energy consumption. Then we'll talk about pollution, heat, noise, maybe next all the toxic waste from the rigs that burn out. Basically, it starts in a stupid place so it'll just end up going down and even more stupid path.

[Vaskiy]

Energy consumption is truly a big issue with bitcoin mining as well other metal based mining. This isn't an ugly side, but it is the one that need to be given importance to innovate and find a better solution for the energy related issues.

Already the climatic scenario around the globe keeps changing with the destruction of nature. Everywhere power generation is a big issue, even the automobile industry is moving towards other ways of power generation for the vehicles.

[bounty.cvn]

You were right. Really benefits that Bitcoin brings also. However, from your point of view or those who work on the environment, that is a bad thing.
However, when Bitcoin is fully exploited, will it pollute the environment? Can anybody tell me this

[Vishnu.Reang]

You were right. Really benefits that Bitcoin brings also. However, from your point of view or those who work on the environment, that is a bad thing.
However, when Bitcoin is fully exploited, will it pollute the environment? Can anybody tell me this

First of all, I don't agree with this "Bitcoin mining pollutes the environment" BS. In case you are asking whether mining will continue after 2140 (when the last coins would be mined), then the answer is yes. The mining reward will consist solely of transaction fee. If my calculations are correct, then the transaction fee would represent more than 50% of the mining reward by around 2050.

[Siren]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Everything that beneficial has also a bad area and just like what you all mentioned those are the negative effect but we must also know that the benefits covers the negative in this face of situation,many miners now uses Renewable energy and also they are paying for each amount of energy the uses so with this it means let us look at the brighter side and not on the dark one

[dat.ho12492]

Bitcoin may be contributing to global warming but before pointing your fingers at Bitcoin, try to look around you and tell me where the heat of your surroundings come from. It is very hot here in my place but I cannot simply blame Bitcoin miners for it. I can easily see hundreds of cars emitting black smoke, factories releasing smoke in the air, houses with CFC-releasing air condition system, huge coal-fired power plants, and so on. How many percent does Bitcoin mining contribute to global warming? And, for all you know, they are slowly converting into using green energy.

Agree, although bitcoin can contribute to global warming, it can even harm the environment but we should look at the surrounding industrial sectors, everything has certain effects on the environment but until now, industrial activities have not been eliminated, I can even see the growth in each year. The most plausible explanation that I can think of is profit from these industries, the benefits are too great, it is enough to offset the losses of the environment, without these services and technologies, the world will not have growth, and this is something no one wants, everyone wants better and better than need sacrifice

[alexmcquee734]

that is not the ugly side of "bitcoin", i would go as far as saying it has nothing to do with bitcoin. it is all about the ugly side of the electric producing companies that have been producing it inefficiently and with lots of pollutions. bitcoin is just using what is offered to it by them. we can't change everything. we have revolutionized the concept of currency from being centralized to being decentralized, you can't expect us to also revolutionize the electricity production too!

Power stations do not always use the most environmentally friendly ways to produce electricity. Yes, for mining bitcoins you need a lot of electricity, but this is how our world works. Almost all devices and even many vehicles now use only electricity.

[ttcsalam]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

It is necessary to know the correctness of the product from where it is right. However, there are plenty of electricity used in mining bits. It is very expensive to spend.

[kr105]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

This had been a topic for a long time whether it is worth it to mine bitcoin or not because of the amount of energy it consumes. If ot brings convenience to anyone, why not.  We were able to cut middle-men such as banks when doing are transactions. Move money or buy stuff conveniently without further delay, and improve technolgy, provide job and investment opportunities.

That is why there are alternatives than consuming electricity produced by coal. Some mining farms utilize natural energy which is cost efficient in the long-run.

That’s true we made this argument multiple times in the past and apparently we will keep talking about it till the day that we found a solution. Use of the electricity and this kind of things causes global warming. On the other hand there are also tons of things that we should worried about before the bad sides of bitcoin.

[Iamtutut]

73% of Bitcoin mining comes from renewable energies, compare this to any other industry.

[Upgate]

Mining affects our zone layer and pollutes the environment. Since bitcoin requires mining does it mean we shouldn't get it processed? That's to say focusing more on it's benefit, it's what we're after than the environmental hazard it cause within the environment is been mined. Bitcoin haven't caused more damage compare to refining of petroleum but still yet it's been process till date due to we all know it's benefit and uniqueness to the whole world

[diahsw]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

For bitcoin itself it still has some negative sides or weaknesses that you mean, in my opinion there are some that I think about this bitcoin weakness, namely:
1. Not yet recognized in all countries, there are even some countries that expressly prohibit bitcoin from circulating in their countries.
2. Security issues, because bitcoin is valuable, security must be tightly guarded. For security now it's good but it does require more knowledge and skills to implement good security, so people who are struggling to follow the mining era or do not want to follow, the bitcoin security is very vulnerable to being stolen by others.
3. The level of tracking of the bitcoin movement is difficult. Until now it is still difficult to track this bitcoin transaction moving to who and from whom because the wallet address is an address created from a random system generated by our wallet keyword phrases. This is actually to improve security, which will make it difficult for someone who intends to hack our account / wallet, but this can be misused because it can be used to facilitate money laundering transactions.
4. Fast price fluctuations and sometimes too high ranges. This makes investors very scared, especially investors who are new and only plan to invest in the short term. Besides making a lot of thoughts, it can also make us lose our initial investment capital.
5. The absence of fixed price transactions makes the transaction fee price very high. But in my opinion this is reasonable because of the increase in prices on Bitcoin itself, so the miners do need extra effort to launch our bitcoin transactions in block transactions, so the fees go up.

[bright4mech]

This discussion have been repeating over a long time, on how bitcoin consume energy and carbon, Hence the truth is that bitcoin is a function of mining which required the Energy and Power to proceed the process, more over the Bank used power in times of printing currency. 

[Iamtutut]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

One of the ugly sides of Bitcoin we have to mention is It is used for illegal actions. Crimes like Bitcoin because it is anonymous.

That's bullshit, at most 6% of the transactions were estimated to be kind of related to illegal activities. Any FIAT currency is used for such purpose.

[diahsw]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

for one person, Bitcoin is a new technology, and although it looks very safe and solid, there are always those who expect failure. That's also the problem. You don't need to put all your eggs in one basket, 'and never buy Bitcoin with all your assets. Bitcoin is more stable, the value of Bitcoin can go up and down in a short time or place) compared to other currencies, and the current value of Bitcoin is more stable, Bitcoin will definitely use more volatile moments in the future.Remember that Bitcoin transactions are similar to cash where transactions cannot be returned - make you send Bitcoin to the wrong person, or your Bitcoin wallet is hacked and someone buys your Bitcoin, it is very difficult and cannot be retrieved. Bitcoin is also not protected by any entity, so if you lose your Bitcoin, the service provider or 'Bitcoin network' cannot compensate you. That's why you have to use trusted products and service providers to help you, just like you manage a bank to secure your money.
Finally, the value of Bitcoin is determined by the number of people or businesses that accept Bitcoin. If Bitcoin develops, this will be very good for Bitcoin, but if fewer people use Bitcoin, then this will have a negative impact on the price and use of Bitcoin itself.

[pixie85]

I do not like the speed of payments Bitcoin and the commission now reaches as much as $ 3. In fact, this is a big commission at the moment.

It's still low if you compare it to what Western Union is charging. It's also low compared to what banks are charging for foreign currency transfers and exchange.

Most banks will ask you to pay premium if you want the transaction to be done fast. In my bank that premium is over 2 EUR.

[puertorikosena]

Listen, I believe that there are so many factors of global air pollution in the world that, compared to this, bitcoin mining is just a drop in the ocean. Mining Bitcoin and any other cryptocurrency has little impact on the environment.

[prehisto]

There are a number of threads on this forum which are constructively denying argument of Bitcoins contribution to global warming.
Bitcoin is not a threat to global climate more than any other industry, it is not the ugly side of bitcoin!

[ghost424]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

It is true that what we are doing is possible affecting the climate and other natural resources. At some point or maybe right now would be the best moment to act on it. We cannot destroy our current technology because it help's us develop our world. We just need to have some limitations on how would things work in a way that it would not hurt nature.

Cryptocurrency was always on the bad side in some stories because they still do not fully understand how it could help us in our everyday lives. We must need to study more and be mindful on how it will affect other situations.

[goldenbitC]

a lot of things pollute the environment. for example, printing presses consume many times more energy than bitcoin, but no one is going to prohibit the production of Fiat many. all the more, that the most big spending humanity spent on financing war.

[romero121]

Bitcoins ugly side as mentioned in the Op is the pollution caused out of mining and the same is the major reason for global warming.

• Even before the existence of bitcoin the world is talking about global warming
• Pollution is caused not only by mining, there were more pollutants released to
  atmosphere by other factories
• The pollution caused out of mining and the electricity consumed compared to
  the usage on other things combined is very small
• Environment should be taken care and for the same it is a must to look for
  alternate sources that don't pollute, just indicating bitcoin alone
  the reason for global warming and pollution is unfair

[The3max]

Mining has become obsolete when the price of bitcoin is low. The energy it uses also decreased many times. Now I think the bad side of Bitcoin is that it is suitable for crimes of multinational money laundering, smuggling, tax evasion, terrorism, etc. Because Bitcoin is a currency not managed by any country. Anyway, it seems it can't be controlled

[Fundamentals Of]

There is always a bad side for everything. We cannot deny that. But it is not enough for anyone to say, let's quit because it has some negative effects. Do we have anything pure in this world? Even helping a poor, homeless, and disabled person has negative side-effects. No wonder why it is banned in some countries. We always measure the cost and benefit of every single thing. Crimes, climate change, and all have been here for so long before Bitcoin even came into the game.

[loopes]

We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Most of people agree that mining bitcoin requires or consumes huge ton of energy i.e electricity as main power to run the mining equipment. Some miners of bitcoin find them way to produce electricity from solar power that Environmentally friendly. But one of the problems that is not yet resolved is miners use air conditioner / similar equipment that contain Chlorofluorocarbon (CFC). This material can scrape the layer of Ozon (O₃).

[imstillthebest]

...
Pollution, global warming  Bitcoin is causing all this
...

I do not agree with your statement, it is precisely the factory industry, gas emissions, and the use of power plants in general cause that. Most Bitcoin miners are now able to anticipate the pollution caused by their mining tools.

well, maybe he thought that mining might cause that. in general, the internet, computers, and others will continue to be used for 24 hours. so, I think that's a wrong thought. the only bad side of bitcoin is, so many use it to cheat others, and even that doesn't come from bitcoin.

most bitcoin users are not scammers but i believe that only few are using the name bitcoin to scam others because bitcoin is not too popular and there more scammers that users local fiats  so i think this isnt consider as the ugly side of bitcoin   . pollution on the other hand isnt also caused by bitcoin because those pollution that we saw are already existed just before bitcoin came out and pollution also depend on the handling of the person , we can controll pollution if we want to   .

[putukin]

Global problems include many different points, and among them, bitcoin mining takes the smallest place. I think that first of all, people need to deal with the problem of garbage and plastic and then complain about mining

[bitbunnny]

Unfortunately we live in the world where almost every human activity is causin polution and endangers our planet. This is the huge problem but compared to other industries and activities I don't think that Bitcoin mining represents big issue in that sense. Of course, implementation of alternative energy sources could be part of solution but at the moment human kind has much bigger problems in area of ecology than Bitcoin.

[killat]

Bitcoin's value is basically supply and demand. Which since there is a limited amount of bitcoin that the blockchain can be mined up too, it inherently becomes more valuable over time as long as it is used. Since bitcoin can be sliced up into any decimal amount of shares, it can represent any amount of currency.

The power of math and the free market, there you go.

[jostorres]

Bitcoin's value is basically supply and demand. Which since there is a limited amount of bitcoin that the blockchain can be mined up too, it inherently becomes more valuable over time as long as it is used. Since bitcoin can be sliced up into any decimal amount of shares, it can represent any amount of currency.

The power of math and the free market, there you go.

I wonder what the trend will be after the last bitcoin has been mined, at least all these electricity jargon will no longer be mentioned again, because it seems to me that people are the ones just exaggerating this electricity thing and ever since bitcoin started and being mined on a daily basis, I have never really seen damage it has caused.

People have caused more damage than the really bitcoin mining system has done itself, this is almost 18 million coins that has been mined already and nothing has been destroyed, is it the remaining 3 million left to be mined that will not cause disaster, I think people knees to focus where attention is needed and not in this regards at all, there are other challenges of bitcoin that needs to be mentioned and not this one.

[Vishnu.Reang]

As a Bitcoin user with more than two years experience, I don't think that this is an issue which we can ignore. As the mining difficulty increases, it is going to take more and more power. Either we should reduce the electricity requirement for mining, or we should move to a different mining algorithm. This may sound ridiculous, but PoS algorithm suits Bitcoin much more than PoW.