Bitcoin are playing with the big boys and cleaning their energy footprint

[Kakmakr]

Environmentally friendly renewable power is chepaer than fossil fuel based alternatives across the board. Which should naturally align market forces with carbon neutral power in bitcoin mining.

It is possible the only coal and petrol based crypto mining operations are those that are state subsidized in order to create jobs and boost the economy of certain regional economies.

The concept of bitcoin miners needing to clean their energy footprint could be misleading in that regard. Bitcoin mining could be clean today. It may always have been clean in an overwhelming majority of cases. The media's attempt to push agendas by implying the opposite is certainly not appreciated.

Well, most of the Bitcoin mining is done in China and as we know, most of their power is still generated in coal power plants. See this site for the proof : https://www.statista.com/statistics/859266/number-of-coal-power-plants-by-country/

That is not to say that most mining operations are centered around these power plants, because China is also the country with the most hidro electricity power plants.  Source : https://www.statista.com/statistics/474799/global-hydropower-generation-by-major-country/

I am still happy that the USA and other countries are shifting their focus to "clean" energy for mining now. 

[ReiMomo]

My goodness!
Never imagined that this will happen. A public exchange within a public exchange? That is like unlimited funds, unlimited financial instruments for coin base. Never though Coinbase can pull it up like this. I hope this will proceed to the next level which is being consistent and having a promising stock value per share.

I was eyeing for Coinbase since their early days but I really never expected for them to be listed in a very much reputable public stock exchange! That was very impossible back then. I will be waiting for their Initial Public Offering soon and anyone here has strategies they could share?

[zanezane]

Bitcoin is surprisingly environmentally friendly, as opposed to what most of the people think. Individual Miners may definitely use their in-home internet which is then again derived from fossil fuel burning, but large mining rigs out there are using greener and more efficient ways to tap energy, like wind and solar energy for instance. This rally bitcoin is making may actually help onboard the industry into switching to renewable energy resources in the future.

No matter how environmentally friendly bitcoin is, if fossil fuels are still the biggest energy source for almost every country, we probably aren't going to appreciate it that much because renewable energy sources only make up around 20% of the total energy source, the number is not accurate so I might be wrong but it is true that fossil fuels are dominating the energy market.

[jaysabi]

It is also a trend for Fiat shills (competition) to complain about the high energy consumption that are needed to mine coins (tokens) and to run the Bitcoin Blockchain. Now, "Gryphon Digital Mining has raised $14 million to establish renewable energy-driven bitcoin mining operations in the United States."

Characterizing the criticism as coming from “fiat shills” is disingenuous at best. Bitcoin is never going to replace fiat, it’s just not a viable currency. So people don’t need to tear down bitcoin because it’s not a threat to fiat. The criticism about energy consumption is legitimate, and it has nothing to do with fiat.  You’re projecting your own insecurities about bitcoin way too hard.

[WinBIts]

So, big centralized exchanges becomes bigger and more centralized. The bright future of decentralized cryptos

[FIFA worldcup]

So, big centralized exchanges becomes bigger and more centralized. The bright future of decentralized cryptos

Just wait, the future is only for the decentralized crypto. They will get hold of your crypto if you keep your funds in centralized exchanges.

DONT buy the coinbase IPO, Buy the real bitcoin

[so98nn]

It is nice to see that the industry are moving forward and also focusing on "burning issues" that has received a lot of criticism in the past. I hope other Bitcoin mining operations will take note about the changing environment and they will also shift their operations to run on "clean" and renewable energy sources.   

It is not 100% sustainable to use the renewable energy sources and they costs a lot considering the build up areas based on the type of energy farm. For windmills you need acres of stretches to have enough energy which can run mining farm smoothly. There is no guarantee it will produce the energy 24x7. Sometimes nature can be angry upon us giving to 0% output on the bad day!

Im not against using the energy which is clean but mining operation need mega energies and they need stable electricity to have proper hash rates.
But surely they must go on building the renewable energy plants which may benefit them with the operations and also nature at the same time.

About the coinbase: Yeah the forum itself is flooded with the topic of coinbase so can imagine the popularity and attention is growing for the same.

[TheGreatPython]

"Kraken, another cryptocurrency exchange, also has plans to go public next year..."

So Kraken also plans to go public? That’s very nice, this is going to encourage a lot of other cryptocurrency companies and exchanges to open up to the public. At this level I don’t think there is anything that’s going to be stopping bitcoin anymore (and cryptocurrency as a whole), because the cryptocurrency has reached to another level with this kind of achievement. Even though there are still some countries that still ban it, just like Turkey and Nigeria, but I think it’s just a matter of time until their government understands what cryptocurrency fully is.

[laredo7mm]

So, big centralized exchanges becomes bigger and more centralized. The bright future of decentralized cryptos

people like to use a centralized exchange or wallets because they can transfer funds from their bank accounts there more easily. I do not know is there any fully decentralized platform like uniswap offers this kind of service. As long as we can not use crypto without the use of banks it can not be fully decentralized. At some points, we must pass through any centralized authority because fiat is the one we use at the end, not crypto.

[awik p]

Bitcoin is surprisingly environmentally friendly, as opposed to what most of the people think. Individual Miners may definitely use their in-home internet which is then again derived from fossil fuel burning, but large mining rigs out there are using greener and more efficient ways to tap energy, like wind and solar energy for instance. This rally bitcoin is making may actually help onboard the industry into switching to renewable energy resources in the future.

There are many development of energy resources that are currently developing, by utilizing them from nature and returning to nature. I think large-scale bitcoin mining is not a reason for environmental destruction, especially since there are still many that are more widely used than mining