Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: TomPluz on May 27, 2021, 04:58:00 AM
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Lately, the question of the power requirement to run Bitcoin mining has been in focus. And so we now hear the demand for green Bitcoin referring to the Bitcoin mined using cleaner, renewable sources of electricity coming like solar, wind, water and maybe we can also include geothermal. And because of this concern and demand, there is a big possibility that some miners can be shifting their sources of power from coal to solar, though it may not be easy to do for some miners especially those in China.
Is there a possibility that with this scenario, mining in China can be disrupted and its share of the total market can be slashed? Or will this issue just be forgotten weeks from now?
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I think the good times for Bitcoin are starting to come. A few days ago, however, the price of Bitcoin came down a lot. However, Bitcoin has started coming back to its previous form. Hopefully Bitcoin will be able to set a new record price soon. Because the amount of investment in Bitcoin platform has been low for some time but now the amount of investment in Bitcoin platform has increased a lot.
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Nothing will be disrupted in china. But if miners shifted to solar that will be an appreciable step but the solar setup is not cheap it is costly for the small miners I believer big miners can afford to shift but for the small miners, it's hard to afford. I believe this issue will be fade away as time passed.
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Solar, wind, and water resources are much environmental friendly than coals.
If these will be the next development program for mining then I assume the mining industry will absolutely shift to whatever the trend comes for mining.
We can also speculate the price of Bitcoin could reach 100k mark in due time.
Change is constant in this world.
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Lately, the question of the power requirement to run Bitcoin mining has been in focus. And so we now hear the demand for green Bitcoin referring to the Bitcoin mined using cleaner, renewable sources of electricity coming like solar, wind, water and maybe we can also include geothermal. And because of this concern and demand, there is a big possibility that some miners can be shifting their sources of power from coal to solar, though it may not be easy to do for some miners especially those in China.
Is there a possibility that with this scenario, mining in China can be disrupted and its share of the total market can be slashed? Or will this issue just be forgotten weeks from now?
I don't understand why using the solar system for power generation would be a problem when we know that all the solar equipment we use in most parts of the world are been imported from China. I have worked with an organization that develops mini solar power grid in my country and one of the staffs told me that even if they got the original design from the USA, all subsequent product is from china so I know they have the capacity to build the solar power equipment or is it that they don't have enough solar energy to power the equipments? this souldnt be a problem for them as far as i am concern.
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The cryptocurrency market I looked at a few days ago was red. But now the market for Bitcoin will be green again. All the markets in cryptocurrency are going green.Hopefully this is a green signal for cryptocurrency. We are hopeful that other cryptocurrency currencies, including Bitcoin, will rise again soon.
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The cryptocurrency market I looked at a few days ago was red. But now the market for Bitcoin will be green again. All the markets in cryptocurrency are going green.Hopefully this is a green signal for cryptocurrency. We are hopeful that other cryptocurrency currencies, including Bitcoin, will rise again soon.
of course is we hope, because the effect of the very deep correction of bitcoin affects almost all altcoins, so that all of them have decreased. many have lost money with this incident, especially if they are impatient and immediately carry out the execution to sell.
we should believe that bitcoin will do well and will be able to bounce back so that all the altcoins can move towards improvement. we will not suffer a huge loss from the panic that occurs.
yes, the signal has returned, even though it hasn't really reached the right point, we can believe it won't go down again, but we must always be optimistic.
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I read some news of Bitcoin Mining. There I found out that bitcoin mining consumes a lot of electricity. Which is very expensive. Bitcoin mining is on the rise around the world. However, such activities have stopped consuming extra electricity. In other words, the amount of electricity consumed to bitcoin mining, the price of bitcoin is many times less than that. So it is calculated that bitcoin mining does not increase the electricity cost. The more organizations or authorities that do bitcoin mining, the more they lose. So there are many speculations about bitcoin mining.
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As far as I know, Bitcoin mining is already banned in China. Following China, bitcoin mining was banned in Iran. It is possible that other countries will pay attention to the problem of consumption of cryptocurrency energy from carbon sources. Although this is a general problem, because any consumers use the energy that is generated in a given area, it is possible that this will also be a signal for a general revision of the sources of energy produced due to the dramatically changing climate on our planet. If it is necessary for the preservation of humanity, then it must be done once and for all.
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After what is happening in China the total market can be slashed. China has already lost its position as a global cryptocurrency trading centre after Beijing banned crypto exchanges in 2017. After all, China will lose crypto computing power to foreign markets as well.
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Greener Bitcoin is something great and it will definitely help the sector. Surely this is the future for all the crypto currencies.
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There's important reason why every indusyry must use green energy because without it our environtmeny will have great damage. But there's no reason why bitcoin become priority, this digital money only about technology and use slowly but sure is better.
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I think the biggest problem with this type of mining would be having the initial investment needed to get started. Not only will ASICs be needed, it would be necessary to build new facilities and new structures and on very large sites, especially if we move towards solar energy. Thousands of solar panels would also be necessary, I don't know what their price is, but they sure aren't cheap.
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It is funny how this has become a thing to consider after so many years have with btc being mined in same way, suddenly people are talking about more greener way to mine btc because Elon don't find it healthy enough, I guess those previous people who already hinted this out where not taken seriously.
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It is funny how this has become a thing to consider after so many years have with btc being mined in same way, suddenly people are talking about more greener way to mine btc because Elon don't find it healthy enough, I guess those previous people who already hinted this out where not taken seriously.
as a businessman it is clear what is said there is a certain purpose that can be very clear related to it, so just ignore what is said because indications for self-benefit are always attached to people like this. more and more who respond then the error continues.
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Vitalik Buterin sees Proof-of-Stake as a "solution" for environmental problems in the crypto industry.
What Ethereum did may also be possible for Bitcoin. Let digital stay digital, but don't increase the number of Bitcoin.
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It is still not there. The market is still at a downtrend so far. It may be hard to face but this is what happens. BTC itself has dropped drastically causing altcoins to drop very deeply. We cannot expect much to face green market nearly, but for several months later
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Using the solar system for mining won't be so cheap, so not all miners would be able to afford to switch its mining power to solar. About the mining in China I think it won't be disrupted because that's the lively hood of most of China's citezen, tho the government can actually disrupt mining in China but it won't be that easy for them to do so because it will affect most their citizens financially
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I believe that Bitcoin will return to its full potential. Bitcoin will thrive with great potential like the green candle. Bitcoin will become a popular currency around the world. Currently, the market situation of Bitcoin is a little worse. The bitcoin market is likely to grow much higher again. So the Bitcoin market situation is expected to change very soon. The price of Bitcoin keeps bouncing every time. So you have to be patient and invest.
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Nothing but stays in the same position for a long time. Maybe the market is having a bad time now. But soon the market will be in a good position again. There are many reasons behind dumping a coin in general. Some of these factors are currently responsible for dumping the value of Bitcoin. Hopefully the market will return to normal.
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I am not sure enough, for now, thatBitcoin is coming green again. Although it is rising up, the price in fact still at the Prices are quite vulnerable because they have the potential to drop back.
That is why we must be more and more careful and wiser in facing the Bitcoin market.
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Almost everything goes on in the same way, time is managed in both directions, good and bad. Similarly, the path of Bitcoin was very upward a few days ago. The price of Bitcoin continues to rise very fast. But for some time, Bitcoin has lost its rhythm. Currently the price of Bitcoin is just drifting downwards. Of course, Bitcoin will see the light of day again and new investors will invest in Bitcoin. Bitcoin will move forward at a faster pace again.
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I have seen Bitcoin miners use solar and wind energy as energy sources by using a DC to AC inverter to supply 220v voltage.
regulations or any news from the government about the prohibition of mining for using excessive electrical energy makes the cryptocurrency industry more innovative in utilizing existing energy sources.
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While it's great that some miners are doing this, the vast majority of Bitcoin is still mined in China, using coal-powered electricity. Until that changes, Bitcoin won't be green.
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While it's great that some miners are doing this, the vast majority of Bitcoin is still mined in China, using coal-powered electricity. Until that changes, Bitcoin won't be green.
I agree with you, but at least it is progress. Not all miners will start using green energy at the same time, but if they make the switch even slowly, I think that is good news. You have to take into account the costs, the necessary facilities and infrastructure are very expensive and also need good planning. Although it is a slow process, I am glad that there is some change.
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It's certainly some progress, but that progress will stop with the people doing this outside of China, unless Chinese miners also move in that direction. Which may also happen with time, hopefully.
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We have already seen that the resistance of Bitcoin has exceeded that of Bitcoin. Now Bitcoin's market is growing again. Bitcoin's market has gone bad for a while but maybe it's a good time again. I think the price of Bitcoin will rise again. If the value of Bitcoin rises again, so does the cryptocurrency of all other coins Prices will increase
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In other words, Bitcoin is limited in supply and I am sure that this Bitcoin can become a valuable asset in the future.
Unfortunately, the price of Bitcoin now tends to fall and many FUD scales for Bitcoin, just like Elon Musk also always creates FUD for Bitcoin. LOL
Someday it will turn green and I also still hold Bitcoin at Biannce, although only a little because I believe Bitcoin will be something very valuable in the future.
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The topic of the consumption of a large amount of energy by bitcoin, as well as its consumption of carbohydrate sources, has been raised and is unlikely to disappear on its own. Now this is very important in connection with the sharp climate change, and therefore the states will gladly pick up this topic in order to criticize Bitcoin. Bitcoin really needs to do something to consume less energy, otherwise it will soon lose interest from institutional investors. In this regard, ethereum now compares favorably with bitcoin, the network of which, when updated, will dramatically reduce energy consumption. Therefore, it is predicted that ethereum can bypass bitcoin in terms of price dominance and capitalization.
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Bitcoin will continue to be green and red all the time because indeed every 24 hours it will have a price change, just basically we don't know when it will turn red and green.
I am also sure that this Bitcoin will surprise us and it will make us angry and for sure if Bitcoin turns green then it will be the best choice for us because it has been holding from red.
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Bitcoin will continue to be green and red all the time because indeed every 24 hours it will have a price change, just basically we don't know when it will turn red and green.
I am also sure that this Bitcoin will surprise us and it will make us angry and for sure if Bitcoin turns green then it will be the best choice for us because it has been holding from red.
This thread talks about the possibility and acceptance by miners of mining Bitcoin with green energy (wind power, hydro power, geothermal power, solar power) and others who still cannot obtain the necessary energy to mine even though they are in the process of study. There is no talk of the rise or fall of the value of Bitcoin, that is already discussed in other threads that you can find in the forum.
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Elon Musk tweeted yesterday that Tesla will start accepting bitcoin for payments again when there is indications that half of mining uses renewable energy... his statement is already moving the market. I feel that overall the recent environmental FUD over bitcoin mining will ultimately end up being a good thing for the industry as it will accelerate the adoption of greener / more renewable energy for bitcoin mining than otherwise.
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Elon Musk tweeted yesterday that Tesla will start accepting bitcoin for payments again when there is indications that half of mining uses renewable energy... his statement is already moving the market. I feel that overall the recent environmental FUD over bitcoin mining will ultimately end up being a good thing for the industry as it will accelerate the adoption of greener / more renewable energy for bitcoin mining than otherwise.
It can be a way to accelerate the migration to green energy, but we must remember that those decisions are in the hands of many people who, for example, may not want to make the initial investment to change mining facilities and infrastructure. We must not forget that in some areas of the planet, in the most remote areas of the population, there are mining farms that use "free" electricity.
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Until China goes green I doubt there will be a relatively green Bitcoin. The fact, for now at least is, that most Bitcoin is mined in China using coal-generated electricity.
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Until China goes green I doubt there will be a relatively green Bitcoin. The fact, for now at least is, that most Bitcoin is mined in China using coal-generated electricity.
I think bitcoin does depend on Chinese.
That's fall.
Bitcoin price always depend on demand and supply.
Maybe negative issue will have effect to market, but It will not long.
Market will have several corrections and be back to grow.
We all see bitcoin already touched $ 40k now. That's the fact, bitcoin still have potential to grow.
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I think bitcoin does depend on Chinese.
That's fall.
Bitcoin price always depend on demand and supply.
Maybe negative issue will have effect to market, but It will not long.
Market will have several corrections and be back to grow.
We all see bitcoin already touched $ 40k now. That's the fact, bitcoin still have potential to grow.
bitcoin can not be separated from social media, if bad news comes it will affect the movement of bitcoin and it clearly happens but we are starting now to sort out bad news that we can analyze well with bad news who want to look for a momentary profit opportunity. don't give people like @elonmusk to be able to muddy the atmosphere with the aim of making profits and don't trust news from him anymore.
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Kraken CEO & Co-founder Jesse Powell says today: Bitcoin is "greener" than critics say. "I think Elon has some more studying to do".
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I think bitcoin does depend on Chinese.
That's fall.
Bitcoin price always depend on demand and supply.
Maybe negative issue will have effect to market, but It will not long.
Market will have several corrections and be back to grow.
We all see bitcoin already touched $ 40k now. That's the fact, bitcoin still have potential to grow.
Not that Bitcoin is depends on China, China is where 65% of the Bitcoin hash is, and although many miners can change the type of energy it is possible that not all do. And yes, Bitcoin is back up to $ 40,000, but we can't say if it will continue to grow or if it is another "trap" from the whales. What happens in China has a great impact on the rest of the world.
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It is true that bitcoin's PoW consumes a great deal of energy. What few realize or talk about is that this is one of humanity's best uses of energy compared to everything else we are using energy for. Bitcoin uses %0.1 of the world's electricity and for that %0.1 we have a sound hard monetary system for the entire world with the potential to bring economic freedom to anyone! This is energy well used.
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What is PoW? I haven't seen that abbreviation before.
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What is PoW? I haven't seen that abbreviation before.
PoW stands for Proof of Work, and PoS stands for Proof of Stake, two different technologies for mining, Bitcoin is PoW and ETH 2.0 will be PoS, for example. The world of cryptocurrencies is full of abbreviations, I think for your own information you should look up some kind of dictionary to understand things better, you have a lot of information in this forum and on the net.
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Bitcoin market is probably starting to have a great time. Different countries have started adopting cryptocurrencies. Bitcoin is a popular currency around the world for many transactions in a very short time. So the popularity of Bitcoin is much higher all over the world. Currently, all developing countries, including various rich countries, have started accepting bitcoin. So the scope of bitcoin transactions around the world is increasing a lot. Bitcoin transactions are increasing in various organizations and commercial sectors. So in a few years Bitcoin will become a popular currency all over the world.
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Bitcoin market is probably starting to have a great time. Different countries have started adopting cryptocurrencies. Bitcoin is a popular currency around the world for many transactions in a very short time. So the popularity of Bitcoin is much higher all over the world. Currently, all developing countries, including various rich countries, have started accepting bitcoin. So the scope of bitcoin transactions around the world is increasing a lot. Bitcoin transactions are increasing in various organizations and commercial sectors. So in a few years Bitcoin will become a popular currency all over the world.
In this thread we talk about the different possibilities of Bitcoin when it comes to using green energies (of the many different types that exist) that pollute the planet less (although there are things that pollute much more and nobody complains), we are not talking about green or red in the value of Bitcoin or in the direction the market takes.
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The cryptocurrency market I saw a few days ago. I have a lot of dumping. I think it will become pumping in a few days. It will become pumping for the cryptocurrency market. All the coins will be pumping like before. This is what I see now.
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Currently the price of bitcoins in the cryptocurrency market has gone from a dumping position to a lot of pumping. The price of Bitcoin in the market is going to increase massively again. I think in a few days the market will change a lot more than before. The value of Bitcoin is currently recovering.
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The price of Bitcoin dropped to a low of $28k. The idea was that the price of Bitcoin would go down to $20k in a few days. Bitcoin price will be dumped in this way. In fact, everyone was unaware that suddenly the bitcoin price has dropped by more than 60%. But I believe the Bitcoin price will definitely increase and will repeat $60k by 2021.
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The price of Bitcoin dropped to a low of $28k. The idea was that the price of Bitcoin would go down to $20k in a few days. Bitcoin price will be dumped in this way. In fact, everyone was unaware that suddenly the bitcoin price has dropped by more than 60%. But I believe the Bitcoin price will definitely increase and will repeat $60k by 2021.
The price of Bitcoin did fall, but the decline was short-lived. I just checked the market, And the price of Bitcoin is now up 10% and the price is now around $33k. The price of Bitcoin changes very fast, and we must take advantage of this to make a profit.
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I just checked the market, And the price of Bitcoin is now up 10% and the price is now around $33k.
It is true. Bitcoin price already improved and the price may increase again to $35k. Let's expect that there will be good news in the next few days, so the price can increase faster before the end of this week. Because at the end of the week, the price of Bitcoin and altcoins are often decreasing quite big.
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I still cannot meet with this.
Moreover, we can see how red the market right now. It is likely going up very small and going down very significant, almost every day, and the top loss is about at the weekend. SO, I basically still feel fear of this situation.
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It also takes time to clear FUD from China because China always gives something very inappropriate in the market, for example, when the market is green and then China gives FUD and a dump occurs.
It is indeed very difficult to clear up news from China because China is a granary for all Bitcoin miners, in China there is a dilemma for Bitcoin mining.
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It also takes time to clear FUD from China because China always gives something very inappropriate in the market, for example, when the market is green and then China gives FUD and a dump occurs.
It is indeed very difficult to clear up news from China because China is a granary for all Bitcoin miners, in China there is a dilemma for Bitcoin mining.
It seems that this time the FUD may last less than we think. Several Chinese mining groups are already moving their ASICs outside the country's borders, they don't want to waste time or money. They will need time to prepare everything in the new facility, but soon they will be mining again, let's see how many groups are joining that idea and things go back to "normal".
https://bitcoinmagazine.com/business/bit-mining-moves-to-kazakhstan
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I had little doubt that would happen. I am just surprised it's happening so fast, but then again, time is money, of course they'd be in a hurry.
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It also takes time to clear FUD from China because China always gives something very inappropriate in the market, for example, when the market is green and then China gives FUD and a dump occurs.
It is indeed very difficult to clear up news from China because China is a granary for all Bitcoin miners, in China there is a dilemma for Bitcoin mining.
China is a big country that has a very big influence in any affairs in this world, not apart from this Cryptocurrency business. FUDs from China are very painful for us, and we can't do anything about them. To minimize losses in my opinion, quickly sell assets when there is FUD from China and when the price is really a big dump we buy more coins in large quantities.
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We have noticed that all crypto market was red in sign in last few days after that we have seen two days back it is increasing gradually. Right now we have seen Bitcoin is showing green signal. When crypto market is in red sign we may remain unhappy but right now it is showing green so we are happy now. We always deserve that market will remain green always.
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The Cambridge Bitcoin Power Consumption INDEX shows that Bitcoin power consumption in July dropped by nearly 40% compared to May. Mainly because China bans most Bitcoin mining, which caused a drop in hashrate of about 40%.
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As this moment the bitcoin will now green in the market and I believed it can recover for this coming year become into a higher place because of some investors will continued there trust in the blockchain of cryptocurrency.
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As this moment the bitcoin will now green in the market and I believed it can recover for this coming year become into a higher place because of some investors will continued there trust in the blockchain of cryptocurrency.
Don't you think that instead of just reading the thread title you should read the comments before writing a post?. This thread talks about green energies for Bitcoin mining, not green or red candles. We must talk about the topic of the conversation so that the threads do not end up becoming chaos. Thank you very much for your understanding.
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Indeed this Bitcoin will continue to turn green and red and these two colors are always changing all the time because basically Bitcoin is always going up and down.
Hopefully we can be more precise to get or buy Bitcin at the right price and hopefully Bitcoin will be the best choice for our future as a digital asset.
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"Green Bitcoin" refers to its effect on the environment, i.e. when Bitcoin stops impacting it negatively. It does not refer to its price movements.
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Indeed this Bitcoin will continue to turn green and red and these two colors are always changing all the time because basically Bitcoin is always going up and down.
Hopefully we can be more precise to get or buy Bitcin at the right price and hopefully Bitcoin will be the best choice for our future as a digital asset.
it looks like bitcoin will be the best choice now and in the future as a digital asset, maybe there are still many who want to try to pass but it doesn't seem like it will be easy if you look at the current market cap. Bitcoin's current situation is indeed going green, but because of the ever-changing movement of bitcoin, it is likely that green and red will always happen and it is true what the colleague said above, but in general it is now heading green. hopefully this situation will continue until the end of this year.
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Will it be a better choice than fiat currencies for the majority of people, I wonder. I think that remains to be seen for now.
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The advent of green bitcoin? This is the first time I've heard of green bitcoin prices. Bitcoin is the most expensive currency in the world. Many people create many currencies by comparing these currencies with expensive ones. But since the same car cannot be used more than once, Green Bitcoin has been created by simply adding it to the name of this bitcoin. Its popularity grew rapidly.
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"Green Bitcoin" simply means environmentally safe Bitcoin - i.e. the electricity used to mine it is not produced in a way that damages the environment.
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Nothing will be disrupted in china. But if miners shifted to solar that will be an appreciable step but the solar setup is not cheap it is costly for the small miners I believer big miners can afford to shift but for the small miners, it's hard to afford. I believe this issue will be fade away as time passed.
Solar setup.is not cheap, But I think Its good way to do.
Several countries talked about bitcoin mining is not good for environment.
I think Its teh best time to build it.
As OP said, the coming of green bitcoin.
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Nothing will be disrupted in china. But if miners shifted to solar that will be an appreciable step but the solar setup is not cheap it is costly for the small miners I believer big miners can afford to shift but for the small miners, it's hard to afford. I believe this issue will be fade away as time passed.
Solar setup.is not cheap, But I think Its good way to do.
Several countries talked about bitcoin mining is not good for environment.
I think Its teh best time to build it.
As OP said, the coming of green bitcoin.
Indeed, solar energy is not cheap in terms of installation, since it requires a large investment of money, but that initial investment is more than rewarded later. The fact of not depending on any energy company is a very good thing. Large mining pools should not have any problem in that initial investment, so they would become fully autonomous.
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We've all heard of green bitcoin. We will see what this bitcoin will look like. The price of this bitcoin will not be so high. That's why the popularity of Bitcoin is not at all. This bitcoin is named after a bitcoin.
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We've all heard of green bitcoin. We will see what this bitcoin will look like. The price of this bitcoin will not be so high. That's why the popularity of Bitcoin is not at all. This bitcoin is named after a bitcoin.
Some in this thread write about "green bitcoin" as a new kind of cryptocurrency. No, this is the same bitcoin that was created by Satoshi Nakamoto in January 2009, here we are only talking about the fact that "green bitcoin" is ordinary BTC, which will be mined exclusively from "green", that is, not carbohydrate energy sources. Its mining will take place not through the consumption of energy based on the combustion of coal, gas or oil products, but primarily through the use of solar panels, wind and water energy. It is in this respect that it will become "green".
After the introduction of a ban on bitcoin mining by the government of China, the share of its mining in this country has already dropped below 50 percent and, in my opinion, this is good, since the cryptocurrency market will no longer depend on negative news from China in this regard.
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I agree. "Green Bitcoin" just means Bitcoin mined using green energy. That said, I doubt we would see much of that Bitcoin in the near future.
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Miners are now taking the environmental impact of their activities seriously. even a greener Bitcoin presents many problems. Because it is an add-on to existing financial systems, actually increases emissions - it's going to increase emissions just because it exists.
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Miners are now taking the environmental impact of their activities seriously. even a greener Bitcoin presents many problems. Because it is an add-on to existing financial systems, actually increases emissions - it's going to increase emissions just because it exists.
We already know that Bitcoin is not the world's largest consumer of electricity, banks, some military installations, and also some factories pollute much more, but they have always been "untouchable". Bitcoin must improve and get them to stop targeting electricity consumption, which is not only good for the planet, it is also good for the image of cryptocurrencies, that the "bad guys" continue to be others.
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Personally, I think every little thing helps. If Bitcoin can move toward green energy use for mining it would be great.
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Miners are now taking the environmental impact of their activities seriously. even a greener Bitcoin presents many problems. Because it is an add-on to existing financial systems, actually increases emissions - it's going to increase emissions just because it exists.
I think It is just negative issue to against bitcoin mining. I often heard about it, they said bitcoin mining has bad effect for environmental.
Maybe if the bitcoins minner use solar energy, It is not problem.
I believe bitcoin will exist for along years again.
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@legendary1979 the problem is the same as always, money. For large mining pools, the initial investment required to mine Bitcoin with solar energy (for example) is not a problem, in fact it is another question whether these groups want to make that investment or not. The problem is with medium groups and small miners, these groups do not have the money that Bitmain has, for example, but they do contribute a considerable percentage to the hash rate of Bitcoin.
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Indeed. Small miners are just plugged into the electric grid, they don't have their own green energy rigs.
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Indeed. Small miners are just plugged into the electric grid, they don't have their own green energy rigs.
Exactly, and going from electricity to green energy is very expensive at the beginning, although later it pays for itself, that is why it is something that only large mining groups can do. I am sure that many more groups would do it if they had the economic capacity, but as always happens in this world, the little fish is the one with the least chance of getting ahead.
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What do you think of El Salvador's claims that they will use volcanic energy for their Bitcoin mines?
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What do you think of El Salvador's claims that they will use volcanic energy for their Bitcoin mines?
Several weeks ago I read something about using volcanic energy to mine Bitcoin, but I have several doubts. What they want to use is the heat that the volcanoes give off?. In the article I read they didn't say anything in particular about how they would implement the energy, and I think it will be the most difficult, especially considering that such technology has never been used to mine Bitcoin, from what i know.
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What bothers me here is that these powerplants that use volcanic heat to produce electricity need to be built from scratch, and that is a huge investment. It's a huge investment for any country, even for powerful economies. El Salvador is not exactly a powerful economy. Where are they going to get that money from?
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Several weeks ago I read something about using volcanic energy to mine Bitcoin, but I have several doubts. What they want to use is the heat that the volcanoes give off?. In the article I read they didn't say anything in particular about how they would implement the energy, and I think it will be the most difficult, especially considering that such technology has never been used to mine Bitcoin, from what i know.
For bitcoin mining, it will be necessary to create an entire infrastructure, for which only one volcanic energy will not be enough. It is possible that this will happen someday, but it will take years.
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What do you think of El Salvador's claims that they will use volcanic energy for their Bitcoin mines?
Several weeks ago I read something about using volcanic energy to mine Bitcoin, but I have several doubts. What they want to use is the heat that the volcanoes give off?. In the article I read they didn't say anything in particular about how they would implement the energy, and I think it will be the most difficult, especially considering that such technology has never been used to mine Bitcoin, from what i know.
I think It's a good idea , if they will use volcanic energy, maybe It seems as geothermal energy to generate electricity.
But I don't how to do it.
Every effort is good , if we can do it..
So let's see and wait.
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I think It's a good idea , if they will use volcanic energy, maybe It seems as geothermal energy to generate electricity.
But I don't how to do it.
Every effort is good , if we can do it..
So let's see and wait.
That is precisely what I was referring to, the way to implement geothermal energy. After looking for information for a few days I have come across a report from a company in which they explain it quite well adding more information and some examples and also explaining the advantages and disadvantages of this technology. If you want to read it, it is available here:
https://www.endesa.com/en/blogs/endesa-s-blog/sustainability/geothermal-energy
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The technology exists and it is quite environmentally friendly, but my question was whether El Salvador can afford such an investment to begin with. I have not seen any concrete information on the matter.
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The technology exists and it is quite environmentally friendly, but my question was whether El Salvador can afford such an investment to begin with. I have not seen any concrete information on the matter.
Who knows, the government of El Salvador can make rounds to finance the cost of operations and implementation. If they do something similar and present a good project it is possible that some companies are interested and invest money, I have seen similar "crazy things" that have generated hundreds of millions of dollars and it was smoke what they sold, not concrete projects. The government may already have these things in mind.
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Hopefully, it would work out.
Another question - have they actually started implementing Bitcoin as a legal tender? Have people started using it to pay with it?
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Hopefully, it would work out.
Another question - have they actually started implementing Bitcoin as a legal tender? Have people started using it to pay with it?
I don't know, but I don't think the population is already actively using Bitcoin. Keep in mind that stores and businesses must first learn how to use blockchain in its most basic form, send and receive, to be able to start receiving payments from customers. And citizens also need to know those first steps to be able to use it, so I imagine it will take a while to use it actively. They must first educate themselves, and that will take a while.
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I was thinking about that. If the state wishes for them to do so, it'd be its job to educate them, rather than expect them to search for information on their own though.
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I was thinking about that. If the state wishes for them to do so, it'd be its job to educate them, rather than expect them to search for information on their own though.
I agree, it should be the government in charge of making the population start to know what blockchain is and how it works. If the population had to do it themselves it would be chaos, the majority would not know where to start and would also fall for scams, causing more fear among people who do not know this technology. In addition, since it has been a unilateral decision of the government of El Salvador, it is also their responsibility to educate.
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I was thinking about that. If the state wishes for them to do so, it'd be its job to educate them, rather than expect them to search for information on their own though.
I agree, it should be the government in charge of making the population start to know what blockchain is and how it works. If the population had to do it themselves it would be chaos, the majority would not know where to start and would also fall for scams, causing more fear among people who do not know this technology. In addition, since it has been a unilateral decision of the government of El Salvador, it is also their responsibility to educate.
My thoughts exactly. Can you imagine some elderly people living alone that fall for basic phone scams trying to make heads or tails of using Bitcoin on their own? I shudder to think about the consequences. :(
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My thoughts exactly. Can you imagine some elderly people living alone that fall for basic phone scams trying to make heads or tails of using Bitcoin on their own? I shudder to think about the consequences. :(
That is precisely what I have said on several occasions. El Salvador's younger population will have no problem learning quickly, at least the most basic things, but older people will need more time and help. That is why the FIAT must continue to circulate and the government must initiate campaigns to educate the population as soon as possible.
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My thoughts exactly. Can you imagine some elderly people living alone that fall for basic phone scams trying to make heads or tails of using Bitcoin on their own? I shudder to think about the consequences. :(
That is precisely what I have said on several occasions. El Salvador's younger population will have no problem learning quickly, at least the most basic things, but older people will need more time and help. That is why the FIAT must continue to circulate and the government must initiate campaigns to educate the population as soon as possible.
Of course, FIAT must continue at El savador. Becaue not easy to learn crypto currency.
I think El savador need time, more time to learn aboyt crypto and usable..
Please wait, we will see the test, sucsess or not.
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Indeed. I do hope it works, for the sake of the El Salvadorian people. Personally, I would have preferred such tests were conducted by coutries with stronger economies, vulnerable population shouldn't be economic test subjects, much as I want Bitcoin to gain more popularity.
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Of course, FIAT must continue at El savador. Becaue not easy to learn crypto currency.
I think El savador need time, more time to learn aboyt crypto and usable..
Please wait, we will see the test, sucsess or not.
Some believe that this present condition is a proof that crypto is just a Bubble and has a limit. El Salvador would be the first affected during this bloodbath event. They are still on the process to observe the brand new Bitcoin adoption beyond cultural point of view and traditional fiat system. Though it may look unsafe to adopt Bitcoin because of volatility, yet need to try. To master the new system it requires enough time to fix everything. Let's see El Salvador few years more.
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Lately, the question of the power requirement to run Bitcoin mining has been in focus. And so we now hear the demand for green Bitcoin referring to the Bitcoin mined using cleaner, renewable sources of electricity coming like solar, wind, water and maybe we can also include geothermal. And because of this concern and demand, there is a big possibility that some miners can be shifting their sources of power from coal to solar, though it may not be easy to do for some miners especially those in China.
Is there a possibility that with this scenario, mining in China can be disrupted and its share of the total market can be slashed? Or will this issue just be forgotten weeks from now?
I think the chinese government has good solution for this problem.
Maybe solar energy or alternate energy for green bitcoin, If they said bitcoin mining has bad effect for environmental.
Bitcoin is the future technology, no one can refuse crypto.
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I think the chinese government has good solution for this problem.
Maybe solar energy or alternate energy for green bitcoin, If they said bitcoin mining has bad effect for environmental.
Bitcoin is the future technology, no one can refuse crypto.
if you look at the problems in China, then we have to look at China's past of bitcoin. China has banned several times and finally it's back to normal, we don't know what China is currently doing with the ban.
Mining has a negative impact on the environment, yes, we have to admit that. but maybe this is one that can be brought to the fore, but we know that china is very advanced in technology. If they want, it is clear that this can be accomplished with renewable technologies, such as solar power plants, water, and many others.
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Are there no news coming out of China regarding the ban and how the industry is doing there currently, if at all?
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Are there no news coming out of China regarding the ban and how the industry is doing there currently, if at all?
What news do you want? About the ban on Bitcoin mining, it seems just applied to miners who use fossil energy. While miners who use non-fossil energy, have no problem continuing the activities in mining Bitcoin. The China government may take attention to their future energy, they want to eliminate something that can decrease much on the existing energy there.
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I did not know the ban was not universal. So if they're using, say, solar panels, they can keep mining just fine?
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I did not know the ban was not universal. So if they're using, say, solar panels, they can keep mining just fine?
As far as I know, using non-fossil energy can continue their mining activity. I don't know if it was just changed lately, but that's what I read from the previous news. I also have discussed on many people on the other crypto forum, some people said that, only using fossil energy was banned. The China government may want to consider the mining must be more friendly with the environment.
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I did not know the ban was not universal. So if they're using, say, solar panels, they can keep mining just fine?
As far as I know, using non-fossil energy can continue their mining activity. I don't know if it was just changed lately, but that's what I read from the previous news. I also have discussed on many people on the other crypto forum, some people said that, only using fossil energy was banned. The China government may want to consider the mining must be more friendly with the environment.
If it has to do with China, whatever their government does, it certainly needs to be observed, because usually this has been banned several times and nothing will happen in the future. Since we know that China is an expert in all things related to renewable technology that may be able to do very similar things from the original, does this have nothing to do with China's desire to make something?
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If it has to do with China, whatever their government does, it certainly needs to be observed, because usually this has been banned several times and nothing will happen in the future. Since we know that China is an expert in all things related to renewable technology that may be able to do very similar things from the original, does this have nothing to do with China's desire to make something?
On this occasion, the Chinese government has managed to eliminate some of the largest mining groups in China from its territory. It is not only a problem with the amount of electricity that these mining groups use, it is also, and is the most important part, economic decisions that according to the Chinese government can negatively affect the country and its sovereign currency, the Yuan. I think the electricity issue, in this case, is another excuse to ban cryptocurrencies in China.
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I had little doubt that having full control over their currency was their main motivation, that much was pretty obvious I think. I wonder if it did help the local environment at all though, they have a lot of other industry causing all sorts of problems.
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Lately, the question of the power requirement to run Bitcoin mining has been in focus. And so we now hear the demand for green Bitcoin referring to the Bitcoin mined using cleaner, renewable sources of electricity coming like solar, wind, water and maybe we can also include geothermal. And because of this concern and demand, there is a big possibility that some miners can be shifting their sources of power from coal to solar, though it may not be easy to do for some miners especially those in China.
Is there a possibility that with this scenario, mining in China can be disrupted and its share of the total market can be slashed? Or will this issue just be forgotten weeks from now?
I think China have plan to create new coins.
They banned bitcoin mining, said It's not good for environmental, It's just drama.
I don't believe about this.
I think China government has good solution, maybe use solar energy or geothermal for bitcoin mining. Not only ban.
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Of course, the price of bitcoin is down a bit at the moment. But, the future of bitcoin is going to be very bright in the coming time. No doubt it will turn green soon.
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I think China have plan to create new coins.
They banned bitcoin mining, said It's not good for environmental, It's just drama.
Do you think China government to create a crypto coin?
To be honest, I don't think it to happen, they are unlikely to have a crypto coin.
Sure, banning BTC mining was a drama. They may take advantage of buying big numbers of Bitcoin at that time. They must know after they announced banning BTC mining, the price of BTC dropped severely. Then, when Bitcoin is in a bullish trend again, they may consider selling them. So be careful!!
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Do you think China government to create a crypto coin?
To be honest, I don't think it to happen, they are unlikely to have a crypto coin.
Sure, banning BTC mining was a drama. They may take advantage of buying big numbers of Bitcoin at that time. They must know after they announced banning BTC mining, the price of BTC dropped severely. Then, when Bitcoin is in a bullish trend again, they may consider selling them. So be careful!!
China will not have a cryptocurrency as we know them, it will have a CBCD currency, the digital Yuan, a digital currency issued by the Chinese central bank. Although for the industry and the community the fact that the Chinese government banned crypto was a shock, I personally think it is one of the best things that could have happened to cryptocurrencies. This has allowed Bitcoin mining to be more decentralized and let us forget once and for all the “continuous fear” of what China can do.
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Of course, the price of bitcoin is down a bit at the moment. But, the future of bitcoin is going to be very bright in the coming time. No doubt it will turn green soon.
Today, one "green" bitcoin, that is, a bitcoin that would be mined from clean energy sources, is not enough. Now the issue of the energy consumption of cryptocurrency mining is being seriously raised, and there are calls from European regulators and high officials to ban the mining of cryptocurrencies that use the energy-consuming PoW algorithm. In the light of the fight against global climate change, such a ban may turn out to be quite real and bitcoin will have to be mined either illegally or switched to other mining algorithms.
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I come from the future and China is once again banning cryptocurrencies
in their clumsy attempt to remove them from the earth.
But now Russia enters as a power to accept them in the economy of its citizens,
I think there will be no mining in China until this country ends its political problems against cryptocurrencies... ::)
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Bitcoin got red again it happen some good news coming from Russia soon 18 feb bitcoin can pump up to 52k to 54k for that don't be scare every thing will fine soon hold your coins.
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Bitcoin got red again it happen some good news coming from Russia soon 18 feb bitcoin can pump up to 52k to 54k for that don't be scare every thing will fine soon hold your coins.
It's just correction mate, I think bitcoin price will pump again.
I still believe bitcoin will pump and touch new ATH at this year, although bearish season now.
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Bitcoin got red again it happen some good news coming from Russia soon 18 feb bitcoin can pump up to 52k to 54k for that don't be scare every thing will fine soon hold your coins.
It's just correction mate, I think bitcoin price will pump again.
I still believe bitcoin will pump and touch new ATH at this year, although bearish season now.
Agree with this, current market is red because has correction before go up again soon.
More than before.
That's character of crypto.
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Bitcoin got red again it happen some good news coming from Russia soon 18 feb bitcoin can pump up to 52k to 54k for that don't be scare every thing will fine soon hold your coins.
That will happen if the draft previously presented to the Ministry of Finance is approved on February 18. The Russian government needs to raise money now more than ever due to the conflict with Ukraine and NATO, and it looks like cryptocurrencies could be a big part of the solution to those problems. If the draft is finally approved on the 18th, we may see a significant global market rally, there are a few days left to have more information, a little more patience.
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Bitcoin is green due to stable selling with buying, for other things maybe the impact of mobility and price increases that exist in Bitcoin, may be accompanied by rising prices of other cryptocurrencies.
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Would love nothing more than a green Bitcoin, or green mining in general. Improvements are made over time
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Lately, the question of the power requirement to run Bitcoin mining has been in focus. And so we now hear the demand for green Bitcoin referring to the Bitcoin mined using cleaner, renewable sources of electricity coming like solar, wind, water and maybe we can also include geothermal. And because of this concern and demand, there is a big possibility that some miners can be shifting their sources of power from coal to solar, though it may not be easy to do for some miners especially those in China.
Is there a possibility that with this scenario, mining in China can be disrupted and its share of the total market can be slashed? Or will this issue just be forgotten weeks from now?
I think It's good idea if we can use solar for mining.
As you said about bitcoin green.
But It needs supporting from the government.
China government should have solution for this.
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at the time market is red it will be more red but in few days market will green it will be huge to pump market to 50k I think so market is looking bullish still waiting for good news.
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Bitcoin still gives a positive image so that Bitcoin can continue to be on the green track and everyone will feel understood to be able to buy Bitcoin with all their assets.
I also hope that someday Bitcoin will provide a broad picture for the various projects that are being developed such as trading, NFT, Metaverse or projects that are not yet present in cryptocurrencies.
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Still, as we have seen over recent weeks markets can change their minds very quickly. It is perfectly possible that the engine-maker will be worth more than the crypto exchange a year from now.
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current market is red because has correction before go up again soon.
More than before.
Do you think Bitcoin price will be higher than before this year?
I have no idea to predict the maximum price of Bitcoin this year, but people started to claim the beginning of the bearish season this year. I think we must prepare both bullish or bearish, crypto market is unpredictable. However, if we consider the schedule of halving, this year should be 1 year after Bullrun.
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I dont think so this month green candle next month may be it will be green some good news will come to pump bitcoin or it will dump more and more 32k it will dump so be careful from trade now days.
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These days I am just waiting. If it's going to be depreciating further I'd like to buy Bitcoin as low as possible.
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The ban on mining in China has bothered the price of Bitcoin very much. Because of that issue, Bitcoin price dropped drastically until today. I don't see any good news again in China lately, no green days in Bitcoin trend that can make Bitcoin price above $60k. Maybe the best days in Bitcoin already over for this bullrun season.
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The ban on mining in China has bothered the price of Bitcoin very much. Because of that issue, Bitcoin price dropped drastically until today. I don't see any good news again in China lately, no green days in Bitcoin trend that can make Bitcoin price above $60k. Maybe the best days in Bitcoin already over for this bullrun season.
There are many bug whales from China, I think the ban on mining in Chinese has bad effect for bitcoin price, But I didn't agree with It will effect until now, because we all know it is bearish season.
We must realise, at bearish bitcoin will struggle and altcoins will follow bitcoin
Please wait at 2023, I think bitcoin and altcoins will pump again because we will see bitcoin halving.
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I dont think so this month green candle next month may be it will be green some good news will come to pump bitcoin or it will dump more and more 32k it will dump so be careful from trade now days.
The only ones who trade now with the current market situation are the short term traders. Depending on the amounts used for this type of trading, the profit can be substantial if it is done with very short times, and when I say short times, I mean a few minutes of margin. People who don't do those types of rading now buy tokens at a good price and see how the market develops in the next few hours or days. We are in times of little movement, but always looking for investment opportunities.
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Bitcoin got red again it happen some good news coming from Russia soon 18 feb bitcoin can pump up to 52k to 54k for that don't be scare every thing will fine soon hold your coins.
That will happen if the draft previously presented to the Ministry of Finance is approved on February 18. The Russian government needs to raise money now more than ever due to the conflict with Ukraine and NATO, and it looks like cryptocurrencies could be a big part of the solution to those problems. If the draft is finally approved on the 18th, we may see a significant global market rally, there are a few days left to have more information, a little more patience.
Cryptocurrency will no longer help Putin's Russia. On February 24, they made their choice there, attacking Ukraine from three sides with a 100,000-strong army and modern armored vehicles. In response, the civilized world, having united, introduced sanctions that are devastating to the Russian economy, which every day will cause damage of about 20 billion dollars. At the same time, approximately 70 percent of all gold and foreign exchange reserves that are located outside of Russia are now frozen. Let's see how long the economy of the aggressor country can withstand after such sanctions.
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The funny thing is that when Bitcoin has gone green then all markets follow the price of Bitcoin and all altcoins feel confident and proven that they are super cool, this is often proven.
But after Bitcoin came back red and all the markets turned red then everyone complained the same as some of the members in this beautiful forum.
That's still reasonable but what is certain is to relax, friends, because Bitcoin prices will always go up because the supply is limited. Cheersss
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Lately, the question of the power requirement to run Bitcoin mining has been in focus. And so we now hear the demand for green Bitcoin referring to the Bitcoin mined using cleaner, renewable sources of electricity coming like solar, wind, water and maybe we can also include geothermal. And because of this concern and demand, there is a big possibility that some miners can be shifting their sources of power from coal to solar, though it may not be easy to do for some miners especially those in China.
Is there a possibility that with this scenario, mining in China can be disrupted and its share of the total market can be slashed? Or will this issue just be forgotten weeks from now?
If China government refused bitcoin mining because has bad effect for environmental, I think the government should have solution fro this problem.
Maybe solar energy, wind energy etc.
Talking about green bitcoin ,Maybe China has good idea.
But I don't believe It will happen.
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Playstation 5 units that have been sold worldwide consume more energy than Bitcoin mining... The Chinese government has not "banned" Bitcoin from its country for energy consumption, it has done so because of the economic threat it poses to its sovereign currency. There are many alternatives to electric mining, and some are already used by mining groups and companies. Electricity consumption has only been an excuse by the Chinese government.
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April and the next few months afterwards will be interesting for both stocks and crypto. It will be a bloodbath and this is not the bottom. Maybe not so much of a drastic change for BTC, but for the alts, the bottom is not even in sight yet.
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Playstation 5 units that have been sold worldwide consume more energy than Bitcoin mining... The Chinese government has not "banned" Bitcoin from its country for energy consumption, it has done so because of the economic threat it poses to its sovereign currency. There are many alternatives to electric mining, and some are already used by mining groups and companies. Electricity consumption has only been an excuse by the Chinese government.
Yeah, there are many alternative to electric mining , I think the government should have good solution if the ban bitcoin mining because of environmental reason.
Maybe solar energy or other will be alternative.
Good to hear China has not banned bitcoin mining.
Hopefully Chinese government will accept bitcoin.
Let's see.
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Bitcoin will soon move to the green position. Because at the current rate the price of the currency has been pumping, and investing heavily. If the price of currency continues to rise at this rate, it will reach a stronger position.
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Playstation 5 units that have been sold worldwide consume more energy than Bitcoin mining... The Chinese government has not "banned" Bitcoin from its country for energy consumption, it has done so because of the economic threat it poses to its sovereign currency. There are many alternatives to electric mining, and some are already used by mining groups and companies. Electricity consumption has only been an excuse by the Chinese government.
Yeah, there are many alternative to electric mining , I think the government should have good solution if the ban bitcoin mining because of environmental reason.
Maybe solar energy or other will be alternative.
Good to hear China has not banned bitcoin mining.
Hopefully Chinese government will accept bitcoin.
Let's see.
Last I checked, China has essentially banned everything to do with cryptocurrencies, including Bitcoin mining. The Chinese Hash Rate – the total amount of computing power used to mine bitcoins and process transactions as a percent of the global Bitcoin Network has fallen virtually to zero. (https://www.forexbrokerz.com/news/us-overtakes-china-as-the-worlds-largest-bitcoin-producer) And I doubt they will change their mind anytime soon, unfortunately.
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Last I checked, China has essentially banned everything to do with cryptocurrencies, including Bitcoin mining. The Chinese Hash Rate – the total amount of computing power used to mine bitcoins and process transactions as a percent of the global Bitcoin Network has fallen virtually to zero. (https://www.forexbrokerz.com/news/us-overtakes-china-as-the-worlds-largest-bitcoin-producer) And I doubt they will change their mind anytime soon, unfortunately.
You are right @mlawson71, the Chinese government has eliminated crypto mining in their country (at least that's what they say), but all that hash rate has not disappeared, it has moved to other countries, that's why I think it's something we shouldn't worry about. What the Chinese government has not been able to eliminate is cryptocurrency trading, although the Chinese government laws with exchanges are very strict, it does not mean that trading has disappeared, they have simply changed the ways of doing it.
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There is a campaign at the moment led by Chris larsen to switch to green energy for mining bitcoin, this is expected to save more than 90% of energy consume by bitcoin mining. Some claimed it is an antibitcoin agenda but find it energy effecient especially at a time in the world that energy cost is rising. He is funding the campaign with $5 million and got organizations on his train
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I never heard any news about mining in China but Good to see that bitcoin is increasing now and I see all the altcoins are green in the market, this is great that we will witness a bull run in the coming days but I hope this is not a bull trap.
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Greenpeace is that campaign against the energy consumption of bitcoin. Today another tough topic is rallying in the media. An anti campaign to the group is expected to start soon. Other think the advocacy for Point of work for bitcoin will be better. The greenpeace campiagh is losing ground with lots of supporters as well
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Greenpeace is that campaign against the energy consumption of bitcoin. Today another tough topic is rallying in the media. An anti campaign to the group is expected to start soon. Other think the advocacy for Point of work for bitcoin will be better. The greenpeace campiagh is losing ground with lots of supporters as well
Greenpeace has always done everything possible to appear in the media, what they are looking for is publicity no matter who they have to attack, that's why lately the image of Greta Thunberg is used more, they believe that the image of a girl is going to make people change their way of life, it's nonsense. I agree that there are many things to change to improve the planet, but I cannot agree that only Bitcoin is attacked, when the oligarchs of the world with their companies pollute much more than Bitcoin mining.
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Greenpeace is that campaign against the energy consumption of bitcoin. Today another tough topic is rallying in the media. An anti campaign to the group is expected to start soon. Other think the advocacy for Point of work for bitcoin will be better. The greenpeace campiagh is losing ground with lots of supporters as well
Greenpeace has always done everything possible to appear in the media, what they are looking for is publicity no matter who they have to attack, that's why lately the image of Greta Thunberg is used more, they believe that the image of a girl is going to make people change their way of life, it's nonsense. I agree that there are many things to change to improve the planet, but I cannot agree that only Bitcoin is attacked, when the oligarchs of the world with their companies pollute much more than Bitcoin mining.
Yeah I think Greenpeace should be consideration for all activities, not only for bitcoin.
We all saw bitcoin always being attacked.
I also agree bitcoin mining use green energy.
Im wondering why bitcoin is alway be the reason about it.
Many industries and all that didn't use green energy yet.
It seems not fair for bitcoin only.
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I'm a student who put my pocket money into Bitay. I'd want to put my BTC and ETH earnings into a native coin. With the watch and win function, earning a native coin is also quite simple.
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Yeah I think Greenpeace should be consideration for all activities, not only for bitcoin.
We all saw bitcoin always being attacked.
I also agree bitcoin mining use green energy.
Im wondering why bitcoin is alway be the reason about it.
Many industries and all that didn't use green energy yet.
It seems not fair for bitcoin only.
You're right, green peace should be consideration for any elements.
Why only bitcoin mining.
We know many industries still used fossil energy.
Hopefully we will see everything in green.
Wind energy, solar etc will be alternate energy.
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With the EU looking to cut off Russian energy supplies I imagine there would be a big push for green energy in the region, that will certainly contribute to the matter.
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With the EU looking to cut off Russian energy supplies I imagine there would be a big push for green energy in the region, that will certainly contribute to the matter.
Yes, in the European Union each country has its own plan to increase the share of energy received from alternative sources. The current situation with Russia's attack on Ukraine will further accelerate this process. Europe and many other states are giving up Russian oil and gas, and finally. This will hit the Russian economy, since half of the budget was filled with these sources of income.
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The bitcoin market was looking a bit sluggish for the past few days. But now for some time a slight increase is visible. So now we can say this. Yes, bitcoin is going green.
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With the EU looking to cut off Russian energy supplies I imagine there would be a big push for green energy in the region, that will certainly contribute to the matter.
Yes, in the European Union each country has its own plan to increase the share of energy received from alternative sources. The current situation with Russia's attack on Ukraine will further accelerate this process. Europe and many other states are giving up Russian oil and gas, and finally. This will hit the Russian economy, since half of the budget was filled with these sources of income.
I think Putin will have good solution for his decision.
We also heard Russia will sell oil and gas to Asia.
If Asian accept and buy this, I think It's good for Russia.
I always don't agree about war.
Hopefully it will end soon.
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The saddest thing about this whole situation is that a war has been necessary for the governments of many European countries to open their eyes. For decades, almost every member country of the European Union has been a slave to Russian oil and gas, paying billions of dollars every day to the Russian government, instead of using that money to find alternative solutions.
Now that those countries are aware of the amount of money and resources that Putin has for the war, they want to find quick solutions, and we already know that things do not work like that. All the sanctions would have been much more effective if the European Union had not depended for years on Russian energy.
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All the sanctions would have been much more effective if the European Union had not depended for years on Russian energy.
Yeah, European should have alternate solution if they don't have the good solution quickly, I think European will suffer because the lack of gas and oil.
Every country should have own energy nto fulfill their needs.
Because It's the primary needs.
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Yeah, European should have alternate solution if they don't have the good solution quickly, I think European will suffer because the lack of gas and oil.
Every country should have own energy nto fulfill their needs.
Because It's the primary needs.
That is the problem, that despite having had years to invest in R&D in renewable energy, governments have found it more comfortable to continue paying for Russian oil and gas, and now those governments want to do things fast. Now there are only two possible solutions to solve this problem, continue to pay Russia or start suffering supply cuts while doing things fast and wrong, and this is the worst way things can be done.
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Yes, it's true, that Green Bitcoin is coming. At this point in time, bitcoin rates are running low. But it's nothing to worry about. Soon, the rate of bitcoin will rise again. And bitcoin will start shining like stars.