Bitcoin and CO2 emissions (Should we care?)

[fiulpro]

Well first of all regarding the part about worrying about the carbon emissions, we need to worry about them for sure ! I do think that we cannot just be biased towards bitcoins what we can say is :

The miners have to change their tactics , they have to engage in mining in such a way that they do not harm the environment at the same time.

There are actually plenty of ways that they can go forth, using renewable sources of energy is not only more cost efficient in the longer run but at the same time you enjoy more governmental benefits too.

Elon Musk is not entirely wrong but the guy just did that as a market stunt to buy while it drops low and to make profit when it progressively increases.

He could have gone forth a different way , which he eventually did for sure. Telling people how Tesla will against start engaging with bitcoins and how they are going to discuss the green mining.

Being environment friendly is never a negative thing, undoubtedly we would have to evolve eventually.

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[dothebeats]

If we are singling out bitcoin in this problem about CO2 emissions without batting an eye on other industries with the same—if not more—output, then there is indeed a problem.

Other industries can easily dismiss bitcoin's usefulness in the society as long as it tramples a few of the aspects of what they can offer, for example the banking sector. They can just throw shade at the energy usage of bitcoin without even acknowledging the fact that they are one of the largest contributors to CO2 emissions, too. Why not look at their own industries first and see that they are also a part of the problem that they are trying to pin so hard on bitcoin?

Suppose we eliminate PoW and shifted to other greener algorithm for minting bitcoin and these other industries continue to emit the same, if not more, CO2 in the atmosphere. The problem still exists, and will never be eliminated as long as there are still industries emitting the said gas. Currently, bitcoin miners are shifting towards other power sources, and cleaner ones at that too. I hope other industries who point their fingers toward bitcoin follow the same thing.

[Carlton Banks]

The miners have to change their tactics , they have to engage in mining in such a way that they do not harm the environment at the same time.

they're already using renewable energy sources anyway


but it's irrelevant, you don't know what you're talking about. Climate change is a sophisticated power play by the rich, powerful companies that are ostensibly a target of the movement.


Green activists have been figuring this all out for some time now, because they actually investigate the issue carefully, because they actually care about protecting against environmental damage.

[herurist]

I don't really care, because how much we talk about saving emissions, the miners will continue to insist on asking for more electricity to be supplied.

I think the current emission levels could equal or even exceed the annual emissions held in various European countries. We remind you again, before China stopped Bitcoin and its mining, there were several reasons that might be quite reasonable, where 2024 will be the peak of the end of carbon emissions from Bitcoin mining. The shadow of nearly 130 million tonnes is released into the Earth's atmosphere from Bitcoin mining activity. LOL

[tiCeR]

By the way, I am wondering how important a globally uniformly planned CO2 certificate market could be crucial to Bitcoin mining. If certificates in some places of the world are much more expensive than in others, wouldn't that lead to geographical centralization? I know it is already centralized China for the most part, but the role these certificates could play could become interesting.

[Rengga Jati]

The use of electricity or energy for Bitcoin mining by miners does require high power. Maybe for a country where many miners are, this is one of the problems because of the limited electrical energy and its influence on the environment.
However, again, this is one. There are still many more things that need energy than Mining Bitcoin. There are still many many more that make pollution and environmental damage on this earth. Are they as bad as it will be slicing or fighting it?
NO.
Why? Because this is just a mere interest. Many people don't like Bitcoin. And this is used by them to drop Bitcoin.

[CaVO32]

The use of electricity or energy for Bitcoin mining by miners does require high power. Maybe for a country where many miners are, this is one of the problems because of the limited electrical energy and its influence on the environment.
However, again, this is one. There are still many more things that need energy than Mining Bitcoin. There are still many many more that make pollution and environmental damage on this earth. Are they as bad as it will be slicing or fighting it?
NO.
Why? Because this is just a mere interest. Many people don't like Bitcoin. And this is used by them to drop Bitcoin.

Some people are just highlighting the use of energy of bitcoin mining. Whereas, there are a lot more of these human activities and industries that are just wasting energy. People should educate themselves and know these differences. At least with bitcoin mining, even if we say it is energy intensive, it is helping the community in some way, like in payment system or investment aspects. And for those who don't want bitcoin or crypto, they are finding ways how to make the energy consumption a big deal so people will not support it.

[UKprod]

Bitcoin doesn't amount to much of CO₂ emission since most of the times it is generated through cleaned forms of energy i.e. electricity. In many cases the electricity is generated through renewable sources of energy since the electricity generated through burning coal and fossil fuels is not cost-efficient for mining. Further, the burning of the fossil fuels for generation of electricity is something that the governments need to address before pointing fingers on miners.

The reason for the No.   C02 isnt the primary greenhouse gas.   its Not even close.  H20 is the primary greenhouse gas.  it accounts for aprox 60-85% of all greenhouse gases.   c02 is under 1% also if you have equal values of CO2 and H2O, h20 is still quite a bit stronger then c02.

H₂O is water, my friend! It is essential for water vapor to be present in the air so that earth has rains. H₂O might be the highest contributor of greenhouse effect, but it is quintessential for the earth to survive. However, water vapor in itself doesn't cause the earth to warm up, rather it is other non-condensable gases that cause it such as CO₂. You can read about this further here

[sapnu]

Apparently the crack head skipped the battery pollution which is 74 percent more than a conventional car and also the space rocket emission which not only destroys the ozone  layer but contributes a good amount of CO2 to the atmosphere. He should first looks into his companies rather blaming Bitcoin and the miners.

The best solution is to ignore him whenever he tweets about Bitcoin. These influencers are cancer to the community.

His reason indeed contradicts the thing he is doing in his company. Space explorations are surely harmful within the earth and while going out of the planet. For sure there are some benefits we may gain because of it but still it is a risk and there is a probability that harm will be much more likely to be obtained on doing such. His tweets should not mean anything anymore, if you really know how bitcoin is mined and how miners are trying to avoid harming the nature, everything he says should just go out on your ear as soon as you hear it. Be smart and consider making researches so you won't be confused anymore.

[Luqman]

Bitcoin has been along the way here and mining is being done from several years ago, And now, mining has decreased. WHy it is so matter with mining Bitcoin and also other things about BTC? WHy those people must care enough about how BTC can give that impact and should care about CO2? Is there any certain importance on it? There are so many things and many people who don't like BTC and this is the reason and they will make it down again by using this very common reason.

[Kakmakr]

The only reason why Elon Musk wants to bring the CO2 emission and clean energy into the issue, is because he wants to sell more "clean energy" solutions. See this ==> https://www.tesla.com/solarroof

Let's not forget that Elon Musk is a clever business man and he never does something without considering how it will positively impact his pocket, so he made this statement to get people to invest more into "Clean energy" and possibly into his projects.

Should we care about CO2 emission? Yes, it is our responsibility to look after the world we live in. Do Banks care about their energy footprint...? No, they care about their profits. 

[seoincorporation]

The only reason why Elon Musk wants to bring the CO2 emission and clean energy into the issue, is because he wants to sell more "clean energy" solutions. See this ==> https://www.tesla.com/solarroof

This is a good point, at least some miners could be provided from musk's energy.

Should we care about CO2 emission? Yes, it is our responsibility to look after the world we live in. Do Banks care about their energy footprint...? No, they care about their profits. 

As I mentioned before, we can be worried but it's out of our hands, if the government wants to provide us with nasty energy, there is not much we can do with our daily consumption.

[Carlton Banks]

As I mentioned before, we can be worried but it's out of our hands, if the government wants to provide us with nasty energy, there is not much we can do with our daily consumption.

if someone says:

• buy this from my friend
• because you bought it, I will now kick your ass

then maybe buy it somewhere else?