I am researching how the Bitcoin is affecting our environment adversely . Yes we cant leave Bitcoin but also we have to adopt a new way for the survival.
In my Previous article I have discussed about the consequences of Bitcoin Mining >> https://bitcointalk.org/index.php?topic=5056073.0

Bitcoin relies on Proof-of-Work and really its troublesome, How ? Lets check >>

Proof of Work:

The concept of PoW is created even before the birth of Bitcoin. The Original Idea was published by Cynthia Dwork and Moni Naor in the year of 1993. But thats the idea stage only. In 1999 The term Proof of Work is coined by Markus Jakobson. It is the Form of answer of a mathematical problem or puzzle. It is required a tons of works to reach the final result. Now if we tire up the Bitcoin and the Pow we will get the idea. The one and only way to solve this equation is solve the nodes on the certain network. The result we get through a long process and successive steps. For detail we need to acquire the primitive knowledge of Consensus.

So what is Consensus
Consensus is just a general agreement which is an important component of blockchain technology. Rather than power for keeping accounts being centralized in a solitary substance, similar to a bank or centralized online installment framework, cryptocurrency utilizes conveyed ledgers or blockchains to record data. Along these lines, a general agreement is expected to record data, for example, the parity of each address, exchanges, and so on the blockchain. All accord instruments plan to anchor the network by making it costly to assault the network and more beneficial to help ensure it.

Here are the consensus mechanisms for blockchain are

Proof of Work (PoW)
Proof of Stake (PoS)
Delegated Proof of Stake (DPoS)

Both Bitcoin and Ethereum use PoW mechanism. Be that as it may, engineers of Ethereum are attempting to move to PoS accord component on account of several downsides of the PoW system.

Cons of PoW

1. Real Bad- Tremendous Energy Consumption:

The rate of energy consumption is huge , we could talk about the genuine information and reality sheet. I heard in a month of last year, the Bitcoin and Bitcoin Cash networks alone used 0.14% of the total energy consumption in the world, which is considerably more than numerous entire nations. The usage is higher , we can conclude.

2. Electricity to Heat(Just producing Heat who failed to solve the puzzle)

Could you guys estimate the number of machine , which are failed to solve the math or heavy puzzles through the PoW., I know its the theme of the task to maintain the security but thousands of computers/asics are running the doing the math s on the network that dont win a given block puzzle , so they are just converting electricity to heat.

3. The rate of Electricity is not same:

There are two sectors for dumping electricity , one is the mining rig and other is the environment. For hot countries , we have to maintain the environment of the rig also. For that in some cases we need 2X electricity for mining.Not everywhere in the world has cheap electricity.
[/list]

Mining has Demographic advantage:
So, Mining pools are established in a relatively small number of geographic areas, like having the cool environment for free of cost. Like the countries having their temperature down less than 10 degree are more likely to adopt the advantages.

Again The Ironic Truth
The ironic Truth is that blockchains and cryptocurrencies are created to establish a new economic system. But it requires fiat transactions to acquire electricity to operate.

Now looking for a Solution , is it viable to rethink the idea of Bitcoin, is there any way capable enough to pursue the existing conventional technology.

Is Proof-of-Stake(PoS) the Winner
Proof of stake is originally designed to solve the current problem for PoWs energy intensive process. In PoW , it just blended with tons of useless puzzles and mathematical problem. The main theme in PoS lies on the staking of the coins which is eventually derived as Proof of Stakes. This systems have the same purpose of validating transactions and achieving consensus.

No more mathematical puzzle

In this system Way to Create a Block
the creator of a new block is chosen in a deterministic way based on their stake which might put positive effect on the long term basis . The higher quantity of reserved coins , the higher chance to create a Block.

Will it take positive effect on the Market (Right or Wrong)
You guys might think Miners might be responsible for the market volatility. They just pay the electricity cost for running the rigs. As a whole mining is expensive ,so you cant blame miners for selling a bit in hurry. Even in bearish market there might be a consequences, if theres not much demand for a coin, this certain activity pushes the price down. In this proof of Stakes system , it ensures you price stability is because it gives the person more incentive to keep the coin than to sell. Holding will be the main key for the miners in a sense. I know its not 100% correct. But it has some positive perspective.

One thing we all agree with - The Core Formula of Decentralization (Blockchain)
Countries having contributed to the hashing power will get higher chance to solve the complex puzzle faster. Inside that situation, stakers would understand that the more you hold, the more costly your coins would get.

BUT still PoS system also consists some critical problems.
Monopoly is the Main Curse Again Holding a ton of coins, Will dominate the rewards.

I am not new in this forum , but still suffers to get merits. If you think i am capable enough , please tip me a merit. It will boost my speed.