Post
Topic
Board Bitcoin Discussion
Re: The ugly side of Bitcoin
by
Genemind
on 28/04/2019, 08:53:38 UTC
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
This had been a topic for a long time whether it is worth it to mine bitcoin or not because of the amount of energy it consumes. If ot brings convenience to anyone, why not.  We were able to cut middle-men such as banks when doing are transactions. Move money or buy stuff conveniently without further delay, and improve technolgy, provide job and investment opportunities.

That is why there are alternatives than consuming electricity produced by coal. Some mining farms utilize natural energy which is cost efficient in the long-run.