The ugly side of Bitcoin

[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.

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[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.

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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.