Post
Topic
Board Bitcoin Discussion
Re: Here's food for thought: Bitcoin's carbon footprint
by
senin
on 12/04/2019, 04:56:52 UTC
Already, even on this forum, the strong impact of bitcoin mining on the environment in terms of electricity costs was refuted. In fact, Bitcoin does not consume so much energy for its production as compared to our other types of activity, in particular, for example, for the work of banks. In reality, this problem does not exist. Humanity can generate electricity as much as necessary. In recent years, the cost of producing renewable energy has decreased markedly. More and more private farms acquire a solar or wind power station and not only cover their costs, but also sell surplus energy to the network.
In addition, mining Bitcoin and other cryptocurrency is not harmful to the environment. At the same time, only heat is released, which is sometimes even used to heat residential buildings.
Of course, now the equipment for the production of renewable energy sources is getting cheaper every year and it becomes more profitable to install them in private farms. Therefore, I do not think that we have a serious problem with the consumption of electricity for mining Bitcoin.
I agree that this problem is more contrived than it deserves to be discussed.