Can actually Bitcoin be good for the environment?

[bdamenaakter]

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

[Elkafee]

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

I think mining equipment is very noisy. I prefer join bounty and trading. It is more profitable.

[sixexgames]

I guess I'd like to see the industry as a whole move away from PoW. OR actually have to computing power go towards something useful like curing diseases or scientific calculations. But right now it seems like just a bunch of useless math equations. I think Bitcoin will always be PoW though.

[Crypto Joe]

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

I think mining equipment is very noisy. I prefer join bounty and trading. It is more profitable.

Yes, agreed to you mate, bitcoin mining is need a big capital when installments and very big electricity consumption while doing bounty campaign is need only a time and effort. And yes its very profitable.

[Nisa12]

The effort we do in the crypto world does not interfere with the environment does not pollute the environment but can provide us with income. We also don't need to work hard

[ComeBack]

Mining a bitcoin is really cost a lot of electricity and very noisy. But we all know that bitcoin will really going to bring another great future to us in terms of technology.

[ayatoslaw]

I never thought that BITCOIN was bad, I saw that bitcoin was a future breakthrough, and everyone would try to use it for future transactions, because without bitcoin, altcoins would never exist, and the financial development of a country would not change.
and since there is bitcoin, all systems will experience changes little by little.

[Bit]

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Thinking of all that, would you still say Bitcoin is bad for the environment?

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I think mining equipment is very noisy. I prefer join bounty and trading. It is more profitable.

There are a lot of ways to get bitcoin, don't just talking about mining. Bounty, investment, and trading are good ways to get the bitcoin.  I agree with Elkafee's opinion about it, but not about the mining equipment. If he said mining equipment is very noisy, it is only from his personal view. It cannot be applied to others. I don't think it is noisy.   

[Bruks]

Let's analyse the situation, The extent of bitcoin's impact on the environment, and how much that should matter to people who use it. The Bitcoin Energy Consumption Index shows that global digital "mining" of bitcoin consumes more energy than 159 countries. Nearly 10 U.S. households can be powered for one day by the electricity consumed for a single bitcoin transaction, according to the group, according to Digiconomist.
In other words, it takes a whopping 29.05 TWh (terawatt hours, equal to one million megawatt hours) annually to operate the energy-hungry computers and networks that power bitcoin transactions. That's about 0.13 percent of total global electricity consumption, While de Vries says bitcoin is consuming an "insane amount of energy," both on its own and relative to older payment systems such as credit cards, others think the situation is now so dire.
Bitcoin investor Marc Bevand, of St. Louis, has written that bitcoin likely uses close to four or five terawatt hours, less than the annual electricity consumption for Christmas lights in the U.S. He said that he believes bitcoin's benefits, such as making payments more efficient and helping people escape inflation, outweigh the environmental toll.
However, he added: "We don't have exact data to say how much we are benefiting from bitcoin.

[spark]

A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".

To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.

Thinking of all that, would you still say Bitcoin is bad for the environment?

I think mining equipment is very noisy. I prefer join bounty and trading. It is more profitable.

Yes, it's very noisy and very heat because I have one rig in my room and I see on my other friends, they have a lot of rigs in their house, and yes, it's very very very hot in that home. I think bitcoin is not bad for the environment and I think it depends on how we use that bitcoin.

[Elevteros]

Rumors that mining Bitcoin harms the environment sounds silly, because the entire banking network consumes 10 times more energy.  If we strive to develop, digital currencies are our small step into the future, and all our technologies are somehow connected with the consumption of electricity.