Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is Bad for the environment, taking the worlds energy - yes?
by
marcuslong
on 17/06/2016, 14:55:04 UTC
(I think this should go in mining)

There has been a lot of talk on this.  Quite a few good papers
https://karlodwyer.github.io/publications/pdf/bitcoin_KJOD_2014.pdf
From this paper: "Bitcoin mining is comparable to Ireland’s electricity consumption".



As bitcoin grows the amount of energy on the planet is not increasing. Anyone who understands the article, it seems very legitimate to me, discuss,   Yes, I realize the miner wants to reduce cost & cut waste.  Therefore they may seek alternative forms or desire to do so.  Yes, I read about the Hydrofarmer on this very forum.  It is just not the norm with all the major miners around the planet.  Proof of work is expensive. https://en.bitcoin.it/wiki/Proof_of_work

**Title was sarcastic.  But it is still something to think about?

Bitcoin is not bad in environment it is bad if all bitcoin miners stop bitcoin mining because theres no big consumer of electricity i think thats bad for community many people will not get their pay for their services if bitcoin miners stopped using bitcoin mining.. So the bad here if they stopped.