Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and pollution
by
hitrawal91
on 12/01/2018, 17:33:41 UTC
What do you think about the facts about bitcoin and pollution? can this disadvantage repel future investors? are there any solutions for this problem?

Yes, it really a serious problem for Miners and for the country also, as the electricity which is been used for bitcoin mining by the mining network is really high and this electricity can be used for some other purposes also if the consumption decreases to some extent. The solution for this is that we need to replace this electricity with renewable energy something like either Solar energy or Mechanical energy or we can also develop our processing systems and units by which we can start consuming lesser energy. I have found an article that shows you that Bitcoin mining consumes more electricity a year than Ireland.  https://www.theguardian.com/technology/2017/nov/27/bitcoin-mining-consumes-electricity-ireland