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Author Topic: Crypto and energy consumption  (Read 860 times)
Coroline
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June 23, 2021, 11:18:48 PM
 #101

Just want to put this out there. What is the problem with crypto mining and energy consumption? Yes, I know you'll raise environment concerns, I get it.

However, consider this: a civilisation is measured by its energy consumption. Before we discovered fire and used any stone tools, the only energy we had was whatever our bodies produced. Then we discovered fire, made tools, invented the wheel, etc. Until now, when we use computers, robots and other machines to help us live. Our life expectancy and quality of life has increased dramatically.

Shouldn't we concentrate our efforts on using clean renewable energy, rather than restrict our use of it?

Frankly, if there is a problem with too much energy consumption, we should go back and live in caves, and hunt in groups.
This is the reading that I found, the case that is happening now is likely to just bring order to the miners, that in North America they use hydropower and renewable energy.

According to recent studies, hydropower is the most common source of energy for miners. Nearly 62% of miners reportedly use hydroelectric power. Sources of coal and natural gas occupy the second and third positions at 38% and 36%, respectively.

The report further divides miners' energy consumption by region, noting that miners from Asia-Pacific, Europe, Latin America, and North America use almost the same percentage of hydropower as electricity from other sources such as coal, natural gas, wind, and oil. .

The report also notes that Asia Pacific miners account for nearly 77% of Bitcoin's hash power, but use the lowest amount of renewable energy sources. While North America only adds 8% to the total hash power, 63% of the energy consumed in mining Bitcoin comes from renewable sources.

source:
https://www.wartaekonomi.co.id/read306996/mayoritas-penambang-kripto-gunakan-energi-terbarukan
sammy21
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June 24, 2021, 03:47:54 AM
 #102

Some people are just ignorant so they always raise this issues or that people who doesn't like Bitcoin or others who want FUD will try to spread this argument as many times as they want in a bias way because a lot of people wouldn't really care much about the details.
Yes, but those of us who really care and understand about cryptocurrencies also don't need to pay attention to those who are stupid because arguing with stupid people can also lead us to stupid places like him.
Yes, we don't need to listen to stupid people like them so that we don't fall into the strange doctrines they are trying to do, because if we get into the doctrines they are trying to spread, it will only make us not focus on the research and assets we have.

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Lantind
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June 24, 2021, 12:55:07 PM
 #103

Yes, we don't need to listen to stupid people like them so that we don't fall into the strange doctrines they are trying to do, because if we get into the doctrines they are trying to spread, it will only make us not focus on the research and assets we have.
True, that's why some people say to always leave people with negative thoughts and always approach people who have positive thoughts, because with that our enthusiasm for working in the crypto space will not diminish.

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