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Author Topic: If you could invest your cryptocurrencies in the environment would you?  (Read 794 times)
Twentyonepaylots
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February 02, 2020, 11:26:16 AM
 #41


Between the question of electricity consumption, the pollution produced by mining and many other things.
What if that would ultimately turn to the benefits of cryptocurrencies?
There is no way that things would turn into something beneficial. What could we do with pollution and high electricity consumption? nothing but to deal with it, we just need to find alternatives in utilizing them. Let us be practical here, as mining become more expensive we are just like doing it in the name of pride of cryptocurrencies and we get less and lesser every time.

polution cant only be found on those mining activities that you mentioned ( coal , gold , oil , etc . mining ) but polution can be on any forms like sound/noise  , heat , etc .  arent you aware of big crypto mining companies   ?  you can see them on the web or on here the forum  . lots of crypto mining ( cpu / hardwares ) are being run all together  .  you dont think this does not release negative energies  or polutions   ?  i believe they are     .
Bitcoin mining can have some negative effects on our environment. I once read a journalist's article on The Guardian, and he claimed that the effects ofBitcoin in our environment is similar to oil and has the possibility of being even bigger than oil, and it’s probably going to haunt it, and everyone that’s into it will be seen as the enemies of environmental movement. I don’t know about this for sure, there are few journalists that have said the claims are not really as serious as others says it is.
Bitcoin will going to haunt these oil companies as oil is non-renewable and most of companies today are preferring digital assets than oil. Dollar for example, we have seen dollar degrading its universal value making Yuan stronger than it. But the problem with crypto is the mining process wherein lots of E-waste are produced due to energy consumption. Negative things with crypto now are not yet that felt but I'm pretty sure we will be able to feel that in span of 3 to 5 years.
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February 02, 2020, 12:19:18 PM
 #42


Between the question of electricity consumption, the pollution produced by mining and many other things.
What if that would ultimately turn to the benefits of cryptocurrencies?
There is no way that things would turn into something beneficial. What could we do with pollution and high electricity consumption? nothing but to deal with it, we just need to find alternatives in utilizing them. Let us be practical here, as mining become more expensive we are just like doing it in the name of pride of cryptocurrencies and we get less and lesser every time.

polution cant only be found on those mining activities that you mentioned ( coal , gold , oil , etc . mining ) but polution can be on any forms like sound/noise  , heat , etc .  arent you aware of big crypto mining companies   ?  you can see them on the web or on here the forum  . lots of crypto mining ( cpu / hardwares ) are being run all together  .  you dont think this does not release negative energies  or polutions   ?  i believe they are     .
Bitcoin mining can have some negative effects on our environment. I once read a journalist's article on The Guardian, and he claimed that the effects ofBitcoin in our environment is similar to oil and has the possibility of being even bigger than oil, and it’s probably going to haunt it, and everyone that’s into it will be seen as the enemies of environmental movement. I don’t know about this for sure, there are few journalists that have said the claims are not really as serious as others says it is.
Bitcoin will going to haunt these oil companies as oil is non-renewable and most of companies today are preferring digital assets than oil. Dollar for example, we have seen dollar degrading its universal value making Yuan stronger than it. But the problem with crypto is the mining process wherein lots of E-waste are produced due to energy consumption. Negative things with crypto now are not yet that felt but I'm pretty sure we will be able to feel that in span of 3 to 5 years.

We all know that bitcoin is the most potent coin today, and it is better if we grab the opportunity to invest in this coin because there are a lot of people get rich because of this coin but still be aware of being volatile of this coin. There are a lot of processes to earn profit like we have trading that you will predict the market price of the bitcoin and the other currency, next is the gambling that you can make some wage to the different games like poker, dice, roulette and many more. Lastly is the use of investment if you want to play safe and avoid losing your money. We all know that while improving technology, it will affect our environment like today. There are a lot of trees cut because of the infrastructure we want to make, and by these, it lessens the oxygen we have now. If there is any chance, we can contribute to nature too by donating our bitcoin or another coin to buy or to plant a lot of trees, so while we are earning at the same time, we are saving the world.

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February 02, 2020, 12:22:23 PM
 #43

Of course I could, but the question arises of what exactly? Solar power generation? But to whom then can I sell it with an excess of it from me? We have a state monopoly on electricity in our country. And I need to look for places for panels somewhere so that they are safe for others. Wind energy is much more demanding and need more money to start it.

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February 02, 2020, 01:18:19 PM
 #44

Yes, it is kind of sensitive.

Cryptocurrency in which we are making dome digitial coins or digital currency that may helps us to use it into the new technology of the world, bitcoin mining produce a very high electricity consumption that is producing also a high heat in the environment and it is very hard because as we all know that it is kind of pollution that the environment is suffering so if I would really given a chance that I would invest my cryptocurrency to the environment then I will do it because just like what we learned in the school, we should need to protect the environment so that the next generation will be able to see the environment that we have right now, be an environmentalist in which in some very simple way we can help to lessen the pollution that is brought by Cryptocurrency on our environment.



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February 02, 2020, 06:38:29 PM
 #45

The topic of ecology at the moment is one of the most discussed topics in general. It's no secret that in the waters of the ocean there is a garbage island the size of France. there are also a huge number of other environmental problems (and, as a result, with the climate). If we combine our efforts and use cryptocurrency for the good, then we can change the situation with the environment. It will also be a great cryptocurrency ad.
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February 05, 2020, 11:01:38 PM
 #46

The topic of ecology at the moment is one of the most discussed topics in general. It's no secret that in the waters of the ocean there is a garbage island the size of France. there are also a huge number of other environmental problems (and, as a result, with the climate). If we combine our efforts and use cryptocurrency for the good, then we can change the situation with the environment. It will also be a great cryptocurrency ad.

It's certain ! Although the subject is fraught with meaning. There are still very good prospects in this sector. And I will be totally ready to read a project like this.
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February 07, 2020, 08:40:24 AM
 #47

If the people behind the project was trusted maybe I can invest on that cryptos. Because as we benefit from this community we should be also responsible and never forget to give back to our home. Environmental project should be supported and its better to study our ocean since issues have been arise about the ton of garbages are being located to our sea.
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February 07, 2020, 09:37:38 AM
 #48

Even if we invest it, in this environmental organizations. Corporations would still be destroying the ecosystem with their industrial mining machines. I think, we should look for more viable investment for our cryptocurrencies to actually mean something.
Like what Elon Musk is doing, creating electric cars to stop pollution, research and development for renewal energy unlike corporations who mines our resources until the last drop.

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February 07, 2020, 11:18:14 AM
 #49

I agree with you, if you can find an idea like this in the sea it would be great Now that many people are trading in the sea investing cryptocurrencies in the environment will support it all. The crypto helps us to get out of the environment where the environment often suffers By investing in crypto the environment will be restored to its natural balance. Now almost every country is suffering from climate change and natural disasters.

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February 07, 2020, 01:54:11 PM
 #50

If the people behind the project was trusted maybe I can invest on that cryptos. Because as we benefit from this community we should be also responsible and never forget to give back to our home. Environmental project should be supported and its better to study our ocean since issues have been arise about the ton of garbages are being located to our sea.

The percentage of water on our planet is 71%, it will be the most violated one.

Though we can find ways to minimize this, people will still continue to violate our planet. It will never stop since a lot of people are doing it and powerful people are earning from it. The body of water is bigger but there are a lot of things happening to lands too. Lands being mined, trees in mountains are being cut, a lot of things are happening. It would be great to have a project to help our environment to minimize these kinds of problem.
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February 07, 2020, 04:52:41 PM
 #51

Spending energy for the mining has always been a discussion amongts people who are energy efficient and afraid that we are losing the battle against climate change.

However, I feel like people are forgetting the fact that 100 companies are responsible for the 70% of the worlds pollution right now, look at China, they literally do not care if they are ending the world right now if it means they would be the king of corpses. That kinda means the amount of energy spent by the miners are not really the big trouble as they are not making their own energy but they are also not forcing you to not do renewable neither, if someone was using solar panels and created electricity for the miners and offered them same rates or lower rates, surely miners would have agreed but nobody is doing that and that is not miners fault.
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February 09, 2020, 04:23:41 PM
 #52

Spending energy for the mining has always been a discussion amongts people who are energy efficient and afraid that we are losing the battle against climate change.

However, I feel like people are forgetting the fact that 100 companies are responsible for the 70% of the worlds pollution right now, look at China, they literally do not care if they are ending the world right now if it means they would be the king of corpses. That kinda means the amount of energy spent by the miners are not really the big trouble as they are not making their own energy but they are also not forcing you to not do renewable neither, if someone was using solar panels and created electricity for the miners and offered them same rates or lower rates, surely miners would have agreed but nobody is doing that and that is not miners fault.
I completely agree with you regarding the issue that cryptocurrency mining does not harm the environment, since we are talking about electricity and everyone has a chance to use alternative energy sources.  As for the relatively Chinese state, I’m sure that they really did a great harm to the environment, and the evidence of their activity is the huge economic growth in recent years, even though there have already been several economic crises around the world, and in China they have recorded growth.  But in life it always happens that for any results you have to pay accordingly.  Perhaps the current situation with the virus screen will be one of those moments when China will be responsible for the consequences of its activities.And regarding the investment of cryptocurrency into the environment, I want to say the following: my activity in the cryptocurrency market brings quite important income for my family, from which I allocate funds to make my home efficient and non-volatile, which consumes alternative energy and is heated without harming  environment.  Of course, this may be a completely different answer to the questions posed in this topic, but if each person pays enough attention to this question like me, we can save at least what is left on the planet.
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February 10, 2020, 05:15:26 AM
 #53

I had quite some difficulties understanding what you mean by environmental pollution turning to the benefits of cryptocurrency? Lips sealed. I believe these environmental pollution problems can be sorted out. Bitcoin mining has been said to be very bad and due to the level of energy it consumes. Some have said that there is a better way that can be solved.

We can make use of solar energy as that would make it less risky and more profitable, although I have also seen those that claimed the idea of using solar energy is not pretty good. The truth is that everyone will never come to agreement in things like this.

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February 10, 2020, 07:46:50 AM
 #54

Spending energy for the mining has always been a discussion amongts people who are energy efficient and afraid that we are losing the battle against climate change.

However, I feel like people are forgetting the fact that 100 companies are responsible for the 70% of the worlds pollution right now, look at China, they literally do not care if they are ending the world right now if it means they would be the king of corpses. That kinda means the amount of energy spent by the miners are not really the big trouble as they are not making their own energy but they are also not forcing you to not do renewable neither, if someone was using solar panels and created electricity for the miners and offered them same rates or lower rates, surely miners would have agreed but nobody is doing that and that is not miners fault.
Electricity should not actually be a problem here. There are a number of ways to generate electricity which might be from some of the nuclear power stations, windmills, hydro power plant, etc so we could always generate electricity until these resources are available. Miners consume a huge energy but the profits too are decent which allows the miner to pay the heavy electricity bills. But, miners do not consume even 30% of the total energy which is been consumed by the factories globally.

So, do we need to shut down the factories in order to save electricity? Of course no, as those factories are the medium for the country to get developed and the same might be considered regarding the miners. Bitcoin mining has least connections with the global warming.
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February 10, 2020, 08:59:34 AM
 #55

Is the subject sensitive or not...

If you could invest your cryptocurrencies in the environment would you?

Between the question of electricity consumption, the pollution produced by mining and many other things.
What if that would ultimately turn to the benefits of cryptocurrencies?

Several comments, Many environmental investment sectors exist, but we would like to know your opinions about this

Thanks
Coinbees

For me, helping first myself to grow, support my family and friends are the things that is more important to me because, if you have helped yourself to be more financially stable and your friends or family, you wouldn't be a burden to the government and that would be a good way to help for the environment.

In our little ways, we could somehow help our environment. And after we became established, I think that is when the right time to contribute to the society and aid the environment.

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February 10, 2020, 11:18:37 AM
 #56

In my opinion it is absurd thing that mining will affect environment then if it do then every electric equipment is responsible for it. Don't take these environment friendly protesters seriously as they usually travel in luxuary car and waste environment resources then they attend some event and start fake narative of environment destruction. It is true that global warming is increasing but that doesn't mean that if we stop some electronic appliances then it will slow down. Government has to take some big step towards it to solve the problem.
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February 10, 2020, 01:35:34 PM
 #57

Between the question of electricity consumption, the pollution produced by mining and many other things.
What if that would ultimately turn to the benefits of cryptocurrencies?

There's no pollution produced by mining crypto! What are you talking about? Maybe you're talking about coal and oil mining? 
What pollution does a bitcoin miner produce? I'd say the same kingd as your PC and TV.

Sure I'd invest in a company that would improve the environment but it would have to show real results not catchy slogans like Greta. Wink
the environmental improvement program is indeed an environmental improvement program that is currently getting attention throughout the world, so it is not surprising that there will be many people interested in the theme of this program. so for the project's success I don't think it's something that is difficult

People will really become interested in joining this kind of program related to conserve, maintain, and develop our environment with the use of cryptocurrency. As the number of people who engaged in the cryptocurrency increased, the larger the population we can build just to minimize the destruction of our environment. We can make some advocacy about promoting our environment with the use of cryptocurrency. Environment is really an essential thing that gives us our needs in everyday lives, so it's time to give back to its kindness. It is easy to pollute the surroundings, but it is never easy to correct the mistakes. We're the one who will suffer in the end if we don't start right now.

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February 10, 2020, 01:49:45 PM
 #58

The topic of ecology at the moment is one of the most discussed topics in general. It's no secret that in the waters of the ocean there is a garbage island the size of France. there are also a huge number of other environmental problems (and, as a result, with the climate). If we combine our efforts and use cryptocurrency for the good, then we can change the situation with the environment. It will also be a great cryptocurrency ad.

It's certain ! Although the subject is fraught with meaning. There are still very good prospects in this sector. And I will be totally ready to read a project like this.

I accept as true with you and that I fully agree on this project If we will change the environment through cryptocurrency we'll be shielded from various disasters. I can prevent environmental pollution and balance the environment and protect the environment from the destruction of the forest therein case the demand for crypto will increase and crypto will improve.
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February 10, 2020, 02:19:13 PM
 #59

I had quite some difficulties understanding what you mean by environmental pollution turning to the benefits of cryptocurrency? Lips sealed. I believe these environmental pollution problems can be sorted out. Bitcoin mining has been said to be very bad and due to the level of energy it consumes. Some have said that there is a better way that can be solved.

We can make use of solar energy as that would make it less risky and more profitable, although I have also seen those that claimed the idea of using solar energy is not pretty good. The truth is that everyone will never come to agreement in things like this.
Bitcoin halving process which is about to take place would minimize the profits for the miners and in this case setting up a solar farm would hardly give us any profits. Mining is really something which consumes a lot of energy. No doubt that the miners get profits from setting their hardware onto the mining pools but the energy they consume is not freely available in the environment, it is created and hence it can even extinct.

The use of electricity has been multiplied in the recent few years and if the same is the situation than the time is not far when each of the natural resources would be extinct and it would even be difficult to generate some electricity. Perhaps this is what makes OP fear for the future.
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February 10, 2020, 04:25:47 PM
 #60

I would use renewable energy if it was affordable for me and competitive with what I currently have - like an electric car, solar panels, etc. But I would never donate my money to environmentalists, especially to some strangers on the internet, especially if they run an ICO or otherwise involved with blockchain, tokens and other scams.
Yes,people in this world are too greedy and they are hiding under good things to make money only so donating or helping such projects is like simply throwing away your money to someone who wanted to earn them without doing any work.
We need to realize that in this venue if investment greedy people are also present, if we wanted to help the environment we should not just blindly invest without doing any research, we should be aware that scam developers are wanting your money and in order not to waste your investment it's needed to have a deeper research.
Investing your funds for the sake of environment is great because you know that in some ways is you did your part as a human. The possible problem is people can find it as an opportunity to exploit your funds and assets that's why it requires some research to ensure that it will be use on its specific purpose. You can't just invest without even knowing particular goal, it's your responsibility as an investor to assure that your investment will be worth it and beneficial. If ever, i'm willing to invest because why not? its our obligation to help our environment. Just do your own exploration to determine which environmental project is legit so you will not end up regretting your own decisions because of scams.

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