The ugly side of Bitcoin

[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.

[1715102687]

1715102687

[1715102687]

1715102687

[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.

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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.

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.