Is cryptocurrency bad for the environment?

[Obito]

I don't think so, unless the electronic waste produced by mining rigs like old chips and stuff are not being properly disposed off then we can say that in extension, cryptocurrency is bad for the environment but other than that, I don't see any other cause for alarm for cryptocurrency that might affect the environment. The electricity consumption is a BS, every household consumes electricity too so it's not a problem that cryptocurrency is a guzzler when it comes to electricity.

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[Rehan Zakir]

Crypto currency is not bad for environment. Because we use computers it consumes electricity. And the mining machine consumes electricity for running. There are graphics cards that are used in mining machines. So, i think it does not effect the environment. If it is harmful for human health then no one adopt this currency. But now, it is used in worldwide.

[Tumanggor]

What is baddest  the people who destroy the environment because of their shits or the Mining of crypto in which many are using alternative source of energy like solar paneling or wind energy? and El Salvador is trying to mine now using geothermal energy.

I agree with you, human activities in this modern era that have a negative impact on the environment, not bitcoin mining
government under bank control deploys environmental FUD to make people blame bitcoin miners for environmental damage

cryptocurrencies never harm the environment, instead it fix our outdated financial system and improve it

[bryant.coleman]

Bitcoin mining is considered environmentally unfriendly because it uses fossil fuel energy. If crypto or bitcoin mining uses solar energy or water, surely the mining will be environmentally friendly. In my opinion, in addition to the proof of stake system, using a proof of work system like bitcoin is also not a problem as long as it uses environmentally friendly renewable energy.

There is no requirement in Bitcoin mining industry that electricity should be generated specifically from the fossil fuels. The miners use electricity from the national grid and therefore it is not their responsibility to check whether the power generation is done using renewable sources or not. If the environmental activists are so concerned, then they should request the government to shut down all the coal-fired power plants and pay double price for energy that is generated from solar or wind powerplants.

[tanjiran]

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There is no requirement in Bitcoin mining industry that electricity should be generated specifically from the fossil fuels. The miners use electricity from the national grid and therefore it is not their responsibility to check whether the power generation is done using renewable sources or not. If the environmental activists are so concerned, then they should request the government to shut down all the coal-fired power plants and pay double price for energy that is generated from solar or wind powerplants.

this makes a lot of sense. because the miners and companies only use the available ready-to-use electricity. other big companies that also use big electric power should be protested as well.
however, if anyone wants to build a renewable alternative power generation facility, it will definitely have a very good impact on the environment. if there was a crypto company that pioneered this, and it did well, there would definitely be no reason that crypto mining could harm the environment.

[mrongos]

The amount of energy and electricity consumed during bitcoin mining has a detrimental effect on the environment and on the economic site. Putting this idea in front of the world completely banning Bitcoin mining.

it's true as you said comrade, Cryptocurrency, with Bitcoin as one of the most popular variants, is one of the new alternatives in investing. The advantages are decentralization and high exchange rates. But there is a price to be paid, namely environmental damage. Recent studies have shown that Bitcoin's energy consumption is extremely wasteful. The study even mentions that the energy spent on Bitcoin transactions every day is greater than the energy consumption of Switzerland.

[Dhaniii]

The amount of energy and electricity consumed during bitcoin mining has a detrimental effect on the environment and on the economic site. Putting this idea in front of the world completely banning Bitcoin mining.

I think the use of electrical energy for bitcoin miners can be said to be detrimental to the environment if the electricity used is free, but of course they pay the electricity fee.
If we look to the past then it's just bullshit for the government and other people who are involved in creating some trouble every time they see
that it will actually oppose or will actually harm them or will actually impose some threat but look at us now?
Environmental issues? It's just a lame excuse and just to make it look bad.

[Marvell1]

Crypto currency is not bad for environment. Because we use computers it consumes electricity. And the mining machine consumes electricity for running. There are graphics cards that are used in mining machines. So, i think it does not effect the environment. If it is harmful for human health then no one adopt this currency. But now, it is used in worldwide.

Not really. Mining bitcoins from fossil fuels, it also emits tons of carbon dioxide emissions every year. But bitcoin mining energy is still much lower than in other industries. Currently, a lot of miners are converting to green energy, which will make bitcoin mining more environmentally friendly in the future.

[Dhoe]

Anything that involves the burning of fossil fuels and the pollution of the air is bad for the environment. And cryptocurrrencies aren't the prime offenders in this as far as I know. We have corporations to blame for not giving renewable resources a chance to shine because oil and non-renewable resources rake in much bigger stacks of money for them than the healthier and much more environmental-friendly variants. This is bound to change in the future however as more and more people are enticed to take in cheaper and renewable alternatives, which these companies will be forced to adopt or adapt into.

it's true as you said, actually there are still many companies that cause environmental damage, because it is caused by the air pollution they emit, and causes global warming, but why is bitcoin always the scapegoat, even though we know bitcoin has provided many positive benefits for us, but there are still people who hate bitcoin..

[DarkDays]

Anything that involves the burning of fossil fuels and the pollution of the air is bad for the environment. And cryptocurrrencies aren't the prime offenders in this as far as I know. We have corporations to blame for not giving renewable resources a chance to shine because oil and non-renewable resources rake in much bigger stacks of money for them than the healthier and much more environmental-friendly variants. This is bound to change in the future however as more and more people are enticed to take in cheaper and renewable alternatives, which these companies will be forced to adopt or adapt into.

You've got solid argument and I agree with it. The fact that we are facing an environmental crisis is because governments and those in positions to make a change are not taking climate change seriously. Cryptocurrency mining energy expense is nothing by comparison.

All it takes is a change in attitude but the problem is that governments only think for the 5 year period they're in power/office so plans are made on these short scales not the long term as required.

Yes, renewable energy and reduction of fossil fuels as main source of power are necessary and we must do better to see these implementations.

[Sihab76]

Cryptocurrency mining is not harmful to the environment but cryptocurrency mining can have some adverse effects on the environment. Bitcoin mining can create a crisis environment on electricity and fuel.This is not a problem, but there are thousands of factories around the world that are harming the environment, I do not see environmentalists sniffing. But why so much speculation about bitcoin mining?

[rosebrand]

there is no reason to say bitcoin is bad for the environment, only some people say bitcoin is bad for the environment, bitcoin has long been founded by satoshi nagatomo, why only now there are so many debates like that, if bitcoin really damages the environment why not prevent it in the first place..

Many people are just too ungrateful, there benefit from bitcoin and same time fight against bitcoin which  isn't supposed to be so, if bitcoin is bad for the environment then they should avoid it but no way there won't because they benefit a lot from  it. Bitcoin does more good than harm, many people are solely being liberated financially because of bitcoin so why now fighting against it, actually no point so u did say the debate shouldn't continue.

[Oilacris]

there is no reason to say bitcoin is bad for the environment, only some people say bitcoin is bad for the environment, bitcoin has long been founded by satoshi nagatomo, why only now there are so many debates like that, if bitcoin really damages the environment why not prevent it in the first place..

Many people are just too ungrateful, there benefit from bitcoin and same time fight against bitcoin which  isn't supposed to be so, if bitcoin is bad for the environment then they should avoid it but no way there won't because they benefit a lot from  it. Bitcoin does more good than harm, many people are solely being liberated financially because of bitcoin so why now fighting against it, actually no point so u did say the debate shouldn't continue.

Issues with environment about bitcoin mining is just bullshit.If we do consider on how other factors or things in the earth is affected into those old problems or before crypto exist then they could really make out some
comparison.

Agree that people are just too ungrateful and instead on looking on the good side there are still people who do really love to make some issues and make out some focus or elaboration on why bitcoin mining is really harmful
without even thinking that there are lots which is much more worst that this.

This is why the entire crypto community is really having bad impressions to those people/institutions who do really make out issues in regarding to this and now its being really that ignored.

This is just an another day on where people do really love to seek for some holes just to throw out something and can be blamed out but still the demand and support hadnt been affected that much.

[19Nov16]

Cryptocurrency mining is not harmful to the environment but cryptocurrency mining can have some adverse effects on the environment. Bitcoin mining can create a crisis environment on electricity and fuel.This is not a problem, but there are thousands of factories around the world that are harming the environment, I do not see environmentalists sniffing. But why so much speculation about bitcoin mining?

There is no accurate data that bitcoin mining damages the environment, of course the percentage of natural damage from mining is very small, everyone will attack bitcoin because they hate and hope bitcoin will die soon but they are silent when a forest fire is used for plantations.

[Yatsan]

This have become a big talk few years ago with regards to the activity of mining Bitcoin that consumes a big amount of electricity for power consumption to operate those mining and that it can possibly lead to have a bad effect on the environment. Whether it is true or not, still there is no enough data to prove such claim and before hand, there are already lots of things that consumes big amount of energy that is harmful to the environment, yet are still operating until now. The mining activities might be the bad thing about crypto but the existence of such is not really bad for the environment.

[nazmul30]

Although the cryptocurrency is bad for the environment but not. It is very harmful to use cryptocurrency data for plantations and the environment Cryptocurrency has become one of the best cryptocurrencies in the world today because those who are investing in cryptocurrencies have benefited the most and have certainly gained widespread popularity.

[Qikiye]

Cryptocurrency is not a threat to the environment, but bitcoin mining is somewhat harmful to the environment. Because the fuel oil and electricity required for mining are used to improve the economic condition. Moreover, the amount of carbon dioxide produced by burning fuel oil harms the environment.