Is cryptocurrency bad for the environment?

[Fatunad]

It’s all FUD by people who work for governments or organisations that are scared of bitcoin making them obsolete.
They did it in the 90’s about the internet & about electricity in the 1900’s. It’s a load of rubbish. Think how much energy the world banking industry uses or how much energy is used in war. It’s pathetic, just buy bitcoin & ignore it.

Very well said mate! If we do look back in time then those are just bullshit things for government and other people involved on making out some issues whenever they do saw
that it would be totally opposing or would really be putting them on disadvantage or would really impose some threat but look at we now? Its been a decade where Bitcoin
is already existing and we have seen countless of issues been thrown and lots of criticism had been endured and still we are standing from this very moment.
Environmental issues? Its just a lame excuse and just to make it look bad.

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[Kiley33]

People say that cryptocurrency is harmful to the environment, because miners use a lot of electricity to mine, but mining other projects also uses a lot of electricity, such as oil, such as gold. But people are not optimistic about Bitcoin. They will say some negative news. When people don't know Bitcoin, there is no news that Bitcoin is harmful to the environment. Because if Bitcoin is influential, it will be controversial,

[mrongoz22]

if someone says crypto is bad for the environment, we should not care about those who say all that, because we know, there are still many big companies that cause the environment to be unclean, but why is it supported by the government, from here we know, whatever the government can't control, there must be a lot of negative posts, we should just ignore it..

[Kong Hey Pakboy]

How is it exactly baad for the environment though? I mean there's no physical thing involved in cryptocurrency, it's just a consumer of electricity, even though it consumes a lot, that doesn't mean that it's going to destroy the environment, the key word is consumer meaning that cryptocurrencies are just like households, they consume energy but they don't produce any. Remember that what we should be focusing on is the producers of electricity because they are the reason for the destruction of the environment.

[yazher]

So far, while there is a lot of speculation that cryptocurrencies are bad for the environment, but there is no evidence to show the damage caused by crypto mining. in fact it is not harmful, because if you compare the mining of gold then you need to reflect on the statement that mining crypto is much more effective and efficient, than mining gold, coal, natural gas, etc.

just because it uses a waste of electricity that requires high power? okay, let's see how much it costs Bitcoin mining and electricity costs? I think a lot of speculation is exaggerated so that those who are interested in mining Bitcoin think again.

Just like what happened a few months ago when the tweet about it cause some big issues in the market and the reason for it to crash just because of that non-sense topic where it does not prove any point. Looks like they already planned that thing before tweeting those words because it is impossible that the reason for the market to fell last few months was because of the bad to environment thing. Therefore, whenever they tweet those negative words and link them to cryptocurrency, we should take heed and don't listen to them because they are not really hearing themselves every time they talked, it's just simply non-sense at all.

[mckinleeanael07]

I heard there is some news saying that BTC mining pollutes the environment because it is quite expensive to mine electric energy and to generate this electric energy they use the way to create pollution rate. very high environment.

[Lorence.xD]

I heard there is some news saying that BTC mining pollutes the environment because it is quite expensive to mine electric energy and to generate this electric energy they use the way to create pollution rate. very high environment.

Does mining produce this electricity? I don't think so, they are just consumers like any of us. It's the source that we should be worrying about because they are the ones that is causing the pollution because they're the one that burns the fossil fuels and oils for electricity.

[oHnK]

So far, while there is a lot of speculation that cryptocurrencies are bad for the environment, but there is no evidence to show the damage caused by crypto mining. in fact it is not harmful, because if you compare the mining of gold then you need to reflect on the statement that mining crypto is much more effective and efficient, than mining gold, coal, natural gas, etc.

just because it uses a waste of electricity that requires high power? okay, let's see how much it costs Bitcoin mining and electricity costs? I think a lot of speculation is exaggerated so that those who are interested in mining Bitcoin think again.

Just like what happened a few months ago when the tweet about it cause some big issues in the market and the reason for it to crash just because of that non-sense topic where it does not prove any point. Looks like they already planned that thing before tweeting those words because it is impossible that the reason for the market to fell last few months was because of the bad to environment thing. Therefore, whenever they tweet those negative words and link them to cryptocurrency, we should take heed and don't listen to them because they are not really hearing themselves every time they talked, it's just simply non-sense at all.

Yup, I really hate this situation because when the popular man tweet on his page about environment issue of BTC that was just a bullshit. They use this issue just for their own profit and kill the price. But as the penny investor, we follow what whales said meanwhile they told the statement with full politic agenda behind of this.

[Sterbens]

Just like what happened a few months ago when the tweet about it cause some big issues in the market and the reason for it to crash just because of that non-sense topic where it does not prove any point. Looks like they already planned that thing before tweeting those words because it is impossible that the reason for the market to fell last few months was because of the bad to environment thing. Therefore, whenever they tweet those negative words and link them to cryptocurrency, we should take heed and don't listen to them because they are not really hearing themselves every time they talked, it's just simply non-sense at all.

it's been proven, following the instructions of tweet tweets makes us deviate from the initial trading strategy and try to test our luck because the information is raw and not ready for consumption. no matter how raw the information is, just for the sake of making a profit we forget trading discipline.

Yup, I really hate this situation because when the popular man tweet on his page about environment issue of BTC that was just a bullshit. They use this issue just for their own profit and kill the price. But as the penny investor, we follow what whales said meanwhile they told the statement with full politic agenda behind of this.

Everything that has a major influence on economic growth will be used as a political game so as to trigger two parties who are pro and contra. both are designed to balance and behind them institutions play behind the scenes. Yes, they are high-level economists who run businesses in murky waters. found the pearl in the garbage heap.

[dificanovi]

Cryptocurrency is an environmentally friendly technology. At this time bitcoin mining, although altcoin mining will not pollute the environment because all the tools used to mine cryptocurrencies do not emit smoke and do not emit hazardous waste from mining results.

[ven7net]

And why did everyone decide that nature is subject to negative effects from human activities, including from cryptocurrencies? Yes, there are changes in nature, but why does everyone think that this is from the influence of humans and cryptocurrencies? Or maybe there is simply a change in the position of the earth in relation to the sun and from this the climate changes? Of course, making harmful emissions, deforestation and other factors is not a very good thing, but where is the evidence that all this is affecting climate change? And there is no evidence and there will not be, since it is simply beneficial for many countries to pursue such a policy in order to perform various manipulations. Yes, cryptocurrency mining consumes electricity, but how exactly this negatively affects nature, I do not understand. I believe that cryptocurrency is not harmful to the environment, and such statements are deception and manipulation of people's minds.

[geegaw]

if someone says crypto is bad for the environment, we should not care about those who say all that, because we know, there are still many big companies that cause the environment to be unclean, but why is it supported by the government, from here we know, whatever the government can't control, there must be a lot of negative posts, we should just ignore it..

Crypto can be harmful to the environment by using a large amount of electricity to mine but we also know a few harmful factors are inevitable in industries, to compensate for the environment, the government also regularly collects high taxes and they also rebuild tree reserves, this exchange is probably not too much damage, the environment will still be very fully produced and built up every year. Besides, with the technological factor being studied by scientific institutes, the elimination of emissions and bad factors of mining will soon take measures.

[RokokGudangGaram]

if someone says crypto is bad for the environment, we should not care about those who say all that, because we know, there are still many big companies that cause the environment to be unclean, but why is it supported by the government, from here we know, whatever the government can't control, there must be a lot of negative posts, we should just ignore it..

Crypto can be harmful to the environment by using a large amount of electricity to mine but we also know a few harmful factors are inevitable in industries, to compensate for the environment, the government also regularly collects high taxes and they also rebuild tree reserves, this exchange is probably not too much damage, the environment will still be very fully produced and built up every year. Besides, with the technological factor being studied by scientific institutes, the elimination of emissions and bad factors of mining will soon take measures.

The digitalization feature of cryptocurrency itself has pros and cons towards the environment. Due to its existential requirement of electricity, resources like fossils are being used up for energy conversion, while it also saves natural resources that are being used to produce paper money and such. I think that more than it defects  or degrade environmental condition, cryptocurrency is eliminating a huge environmental problem.

[CryptoStar19]

We spend %0.1 of our energy on bitcoin --- but for that expenditure we get financial freedom for humanity. It's a small price to pay.

I don't like that much of the environmental narrative as of late focuses on the amount of energy used to secure the bitcoin network without emphasizing what a truly amazing thing it is for humankind that the energy goes toward.

[BITCOIN4X]

Bitcoin mining destroys the environment is one of the many myths circulating among the public and government, but many people are reluctant to believe that bitcoin mining is much more environmentally friendly than natural resource mining in general. I found an interesting resource here to read.

So far I am confused by people's belief about bitcoin mining being dangerous or having a bad impact on the environment. Although we know there is a lot of mining of other natural resources including gold, other metals have a direct impact on the environment but many people don't really care. Why does bitcoin and cryptocurrency mining get so much attention from the government or from other circles that some government like China have to ban and close mining farm? Is it possible to say that the government is the enemy of bitcoin so far judging by the way they really care about bitcoin mining which is said to be damaging to the environment?

[randegibran]

I think bitcoin is.not pollution.for environmental.pollution that causes.pollution everywhere, so this is.very unlikely.to happen, because what can.pollute.the environment.itself is.the traffic jam pollution.that is.engulfing big cities, therefore.we don't need to worry about bitcoin because it will not cause.environmental.pollution

[awik p]

there is no pollution caused by bitcoin, it's only possible that bitcoin mining requires greater electrical energy so that the electrical energy used increases. but I don't think it will be a problem, because currently a lot of electrical energy is being developed that comes from natural uses, such as wind power or hydro power.

[davis196]

In fact, there are now cryptocurrencies that don't require mining at all. Some of the more sustainable options like Cardano, Ethereum and Bitgreen use ‘proof of stake’ to validate their transactions. In the proof of stake process, only validators that have ‘staked’ their coins or have already processed transactions can verify transactions and be incentivised.

Do you suggest that we should dump Bitcoin and switch to Proof-of-stake altcoins,only because some FUDsters say that Bitcoin is bad for the environment?Really?Are you kidding me?
Breeding and farting are also bad for the environment,because the people are producing CO2 and toxic gas and letting it go into the atmosphere. Should be stop breeding and farting?
Just don't listen to the environmental fundamentalists and you will be fine.

[agg2702]

I've read about several articles that say that Bitcoin is bad for the environment and a lot of statements and speculations stating that Bitcoin is bad for the environment. but from what I entered into the world of cryptocarensi, especially to Bitcoin, I have not found facts or for example places or pictures about the environmental impact that is damaged by crypto mining.
maybe what is certain is basically because mining crypto requires a lot of available electricity supply and from there it is possible and the negative impact that occurs when mining crypto so that a few weeks or a few months ago Iran once hated Bitcoin because mining consumes a sufficient amount of electricity supply a lot but it's only temporary and if I'm not mistaken the ban will only last until September.
and maybe for pollution I think the impact is very little but for electricity supply I think crypto mining takes up quite a lot of supply so maybe that is based on crypto mining can damage the environment

[izsara]

impact on the environment maybe because basically crypto mining has a bad impact on electricity supply because basically crypto mining is associated with very large electricity and very large electricity supplies.
so that if this mining continues to be carried out continuously it will have an impact on the electricity supply which continues to decrease because we know that the supply of coal in this world is only limited and if it is taken it is continuously used for electricity and electricity is used to add crypto, I think it will increase. the longer it will be less and maybe we will become a crisis in the electricity supply maybe that is one of the reasons that basically crypto mining has an impact on the environment