Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is Bad for the environment, taking the worlds energy - yes?
by
shinratensei_
on 22/06/2016, 06:32:52 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?
To gather bitcoin with a mining way it's can make dangerous for the environment because needs a lot of energy to mining bitcoin, and on some countries in European feel the disadvantages from mining to their environment.