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Author Topic: Is it true that this cryptocurrency/bitcoin boom poses a threat to Earth.  (Read 353 times)
fara_buduk
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June 11, 2021, 05:41:07 PM
 #1

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..

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June 11, 2021, 06:44:49 PM
Last edit: June 12, 2021, 03:27:16 PM by TangentC
 #2

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..

Even for those that ignore the environmental damage of Bitcoin Mining.
The literal collapse of a power grid because bitcoin mining exceeds the safe capacity of that specific power grid,
is the ultimate danger to all people on the same grid.

If their is a heat wave or subzero temps and multiple bitcoin mining operations,
their is very little wiggle room as excess power capacity is now gone.
At best this means rolling blackouts to preserve the power grid from being fried.
At worst, the rolling blackouts don't save the grid and transformers are destroyed,
this means the grid will be down for years, before full operations are restored not days.
That is the ultimate danger of Bitcoin mining , is making entire regions unlivable by power grid destruction.
Which is why China and Iran stopped the bitcoin mining as it was in danger of collapsing their power grids.
Because even Government officials admit protecting their people is more important than protecting a proven proof of waste system call Bitcoin mining.

FYI:
Go turn off the main circuit breaker to your home, and leave it off for 24 hours
now you can't cook, your lights are out , the cold or heat become unbearable without electric heat or air,
you can't use your computer, your phone charge is out, the food in your refrigerator is ruin, if you had any medicine in the refrigerator it is also ruin, no running water. In other words your life has become a living hell without electricity.
Now imagine , this will be the way it is, for 2 years, and now you understand the real danger of bitcoin mining to you and your loved ones.
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June 11, 2021, 06:45:10 PM
 #3

Bitcoin isn't a threat but mining it using non-green energy contributes to the existing problem we call as global warming.

...if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..
There are miners mixing the source of electricity for mining but it's still unclear how many percent is renewable and non-renewable. There is a Bitcoin Mining Council formed recently to address these issues so just wait for their report.

Green field to red? Are you talking about candles in trading?

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June 11, 2021, 06:53:10 PM
 #4

Changpeng Zhao had one great tweet about that:
Quote
When you use electricity to run cars, it’s environmentally friendly.

When you use electricity to run the most efficient financial networks in the world, it’s an environmental concern.

And there was also an answer from Jeff Kirdeikis:


Certainly, it's not really good what's happening in the mining industry but that's because of greedy businessmen who will do everything in their life to gain as much profit as possible, doesn't matter whether it will be bitcoin or any other thing. In life everything has it's pros and cons.
Just remember! Cryptocurrencies are financial freedom! And I don't think that bitcoin is great, eco-friendly for mining and also, this coin isn't the verdict. If it's number one right now, doesn't mean that the same trend will continue. Just wait, there will be something better than bitcoin in trend in near future Smiley I believe the energy consumption problem will be solved Smiley

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June 11, 2021, 06:59:34 PM
 #5

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..

The fact is most of the things poses a threat to the environment. Microplastics in your toothpaste or even the small plastic bag that we get from wallma often..be it cars or be it big companies making necessary products. The whole concept of nonveg meal and even a simple milk. Now what people are doing here is , highlighting just one problem because they see other alternatives which do not require heavy mining machinery but forget that Bitcoins will stop being mined after a small amount of time but the long term effects of other cryptocurrencies are strictly the same.
Now they want to deviate the people but rather they should think about asking people to use renewable sources of energy. They can integrate it with their machines and viola ! Probelm solved.

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June 11, 2021, 06:59:58 PM
 #6

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..
How about?

Continous growth of car numbers which do make even more our air poluted?
Generating more plastic which cant really be decayed?
Etc.

Energy issue on Bitcoin is just a bullshit excuse just for those non coiners to focus on for them to create something to counter on bitcoins existence.
They dont even consider those current things which are giving more threat on mother earth.

If they do mind much about being green then they should find out to solve first those old issues that we cant resolve until this very moment.

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June 11, 2021, 09:45:17 PM
 #7

In order to answer your question, I need you to first answer my question. Beginning with the subject title.

Do you have any idea how much of the environment and ecosystem has been destroyed and degraded for centuries, all in the name of mining the precious metals?

Why is it an issue now with Bitcoin mining using just a small part of energy, most of which I believe is not even from fossil fuels?

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June 11, 2021, 09:50:37 PM
 #8

Some people say that like cryptocurrencies are the only things which destroy the environment by consuming too much electric energy. But it is not true. We have so much bigger problems than this. They also know that but they choose to attack Bitcoin mining only.

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June 11, 2021, 11:09:43 PM
 #9

That's crazy to say that they only look at the mining operation of bitcoin but not with most of the world's production from different companies and manufacturing companies. The waste is thrown in different areas which bring pollution not just by the air but also by the land.
If they're looking to bitcoin as a technology that imposes a threat to the Earth then they shouldn't ignore other emerging technologies.



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June 12, 2021, 03:04:18 AM
 #10

no, because the use of electricity for crypto mining is still quite normal. The people of the world should focus on the whole factory, because they are the ones who cause too much pollution to the earth. after all, currently POW is no longer the main thing, because there are already POS and others.
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June 12, 2021, 03:23:43 AM
 #11

no, because the use of electricity for crypto mining is still quite normal. The people of the world should focus on the whole factory, because they are the ones who cause too much pollution to the earth. after all, currently POW is no longer the main thing, because there are already POS and others.

Exactly,  there are no such mining farms in the world right now as we have many factories scattered all over the world with the constant population they generate on a daily basis both on air and sea, chemical spills and disposal of toxic waste into the atmosphere possess a more dangerous situation to the human health, why nobody is paying attention to that,

some of this factories have been running for years long before btc and btc mining will ever become a thing,  humans has always endure this pollution and the environment threat,  it seem very easy to shift the blame of global warming to btc mining rather than the obvious.

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June 12, 2021, 03:42:33 AM
 #12

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..

There is no threat coming from bitcoin mining, LOL, it just began like 10 years ago and now they are saying that it has a dramatic effect on global warning and environment issues. Bitcoin is not the culprit here, many industrial nation since the 1900 has really contributed to the worsening and increase of the earth's temperature. This is just an excuse and I doubt that even 0.1% bitcoin is having a negative effect  on climate change.

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June 12, 2021, 04:02:05 AM
 #13

I am still thinking it's very safe to mine bitcoin in the year 2050! Look around you, notice what machines are running 24x7 from Sky scrapper tower cooling system to Cloud Storage facility of giant companies like Google, Amazon, IBM, TCS everyone use the electricity. The cost of them is many times more than the Bitcoin.

I am mining the crypto as well and with two average rigs using 1.8 kw of energy while the room air conditioner itself use around 0.9 kw of energy (single). Just imagine what it takes to cool the whole sky scrapper and how many of them are there?

I mean we can just go on giving out the examples. I think that is the threat to the earth not the newly born tech like Bitcoin alone?

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June 12, 2021, 04:41:12 AM
 #14

There is no threat coming from bitcoin mining, LOL, it just began like 10 years ago and now they are saying that it has a dramatic effect on global warning and environment issues.
I know right! the argument regarding bitcoin's excessive usage of energy to the point that effects on the climate are worrying is just an attempt to further criminalize bitcoin. the funny thing is, the bitcoin's energy consumption debate only started after bitcoin reached its all-time high at the end of 2017(or at least that is the oldest article I've seen regarding bitcoin's energy consumption).

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June 12, 2021, 04:42:54 AM
 #15

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..

what is the primary greenhouse gas?  I can tell you what it isnt.   its Not CO2.  its Not methane  

Its good olde H2O   not only is H20 primary in the amount of heat it holds its also the most plentiful by a rather huge margin.  welcome to having your opinion assigned to you by the media.   You have been TOLD what to think on this.
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June 12, 2021, 04:45:19 AM
 #16

Over 74% bitcoin mining is powered by renewable energy, most of miners are not some old man that really fond of coal contributing really high pollution and causes globlal warming, it's just what media want you to believe and if you see
pollution produced over vehicle is among the one that contributes the most,it generates CO2 so much and also pollute the air, meanwhile bitcoin? it could instead helps us advance in renewable energy as the miner always find a way to increase electricity generated while staying green, that's just how the media trying to built negative opinion on people and it's better to ignore it.
even before bitcoin exists global warming problem already rising, but no one bats an eye to those excessive industrial and factories that keeps running until today, now there's bitcoin and they are trying to label it and make it a spacegoat.
basically, they are fine to be the one who caused global warming but not fine if it's other. though btc by any mean isn't speeding the global warming.

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June 12, 2021, 05:53:11 AM
 #17

Bitcoin mining farm is not orderly hazardous compare to industrial equipments, it's well known that mining farms are not multiple compare to industries across the world, and when we talk about pollution we mention industries they are major sector or concept that poses threat to Earth through the release of (CFC) chlorofluorocarbons to the earth, so in summary op, is that Bitcoin mining farm doesn't really caused hazard to the earth relating to companies that deals with production of chemical substances.





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June 12, 2021, 06:25:20 AM
 #18

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..

Nah,this is just propaganda made by the Bitcoin haters.
Energy consumption isn't equal to environmental pollution.The problem is that the coal burning power plants are polluting the environment,not the crypto miners.
Even if all the cryptocurrency miners in the world stopped working forever,the coal burning power plants will keep producing energy,by burning coal and therefore polluting the environment.




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enhu
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June 12, 2021, 06:49:24 AM
 #19

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..

Nah,this is just propaganda made by the Bitcoin haters.
Energy consumption isn't equal to environmental pollution.The problem is that the coal burning power plants are polluting the environment,not the crypto miners.
Even if all the cryptocurrency miners in the world stopped working forever,the coal burning power plants will keep producing energy,by burning coal and therefore polluting the environment.

If they comply with all the environment-friendly regulations just as Greta Thunberg and Elon are asking I think it wouldn't hurt the industry but will give everyone a chance to be in the crypto space. 

Coal is very much effective that is why even today, it's still being used. Some trains are still even working with coal and the countries using these are producing more carbon than China and Iran combined.



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semobo
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June 12, 2021, 06:50:51 AM
 #20

The threat is in the form of increasing global warming which results in climate change. Generating Bitcoin requires a capable computer to solve complex mathematical puzzles and high electricity consumption. so that some countries prohibit mining for several other reasons such as in China and Iran some time ago. if so will bitacoin and others be able to run forever or is this just an excuse to change the green field to red..
The power consumption of bitcoin and cryptocurrency miners are negligible which doesn't even comparable to a small country's total consumption, but we are the people talking about global warming and energy consumption while sitting in a air conditioned room, how hilarious isn't it. Cheesy

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