Quote from: mrkubanftw on June 25, 2015, 08:44:07 PM

Quote from: MCHouston on June 25, 2015, 08:08:47 PM

The government will not shutdown a company for polluting, they just regulate it. I have worked with oil/chemical companies for many years. The government allows so much pollution and if you have a spill or go over that it is usually just a small fine. Of course disaster like Exxon Valdez are a different story, but the extra pollution on a day to day is easily allowed.

I can tell you 1 chemical plant can easily use well over 88.9MW of power just 1, some of the large data centers have 100MW.

88.9MW for an entire planet of BTC mining is nothing in comparison to other industries or even a single facility. I would say by your math you just proved BTC is more eco friendly then stuff we use everyday.

Edit: I found this after the fact. Chemical Companies alone back in 2002 use 3.7 Quadriillion BTUs of energy or converted 1,172,284,280 MW. http://www.eia.gov/consumption/manufacturing/briefs/chemical/

Your taking an entire community and comparing it to one company. A government can hold a company liable for pollution it creates. They have absolutely NO way of holding a community liable for the pollution it creates.

All of your rational is very logical but its applied in the wrong way.

I would for the second time state and agree that it creates less pollution than current systems. Again this argument is not about gold vs btc. Nor current banking vs btc. Its about solely the pollution created by mining. Lets stay OT. That been said I think we could all agree that bitcoin is not nearly evolved enough to maintain an entire world of banking systems. Its ready to make an appearance but its not owning the show any time soon.

People just like with bitcoin, make lots of money on international banking. Like petrol.. don't expect it to go anywhere anytime soon. Not until bitcoin is a MASSIVE competitor and even then probably not.

There is the 16nm 3D chip KNC claims to have developed. Don't expect to get your hands on one without a group buy. They plan on self-mining the shit out of that hardware. The claims for that are 1/10th the power usage. Maybe. Probably not. That would revolutionize computation in general much less bitcoin.

My whole point was that the entire bitcoin system uses less power then a single building in other industries. If you look at all other industries regardless of their product bitcoin is just a drop in a very big lake, and it much more eco friendly then other industries.

AND.... I am not even sure where banking came into this conversation.