Quote from: Minecache on June 09, 2022, 02:40:15 AM

There is no denying that bitcoin mining releases a certain amount of carbon and contributes to environmental instability but look at what other industries are doing, mineral resource extraction, heavy industries contribute a lot to environmental pollution and cause serious environmental concerns. But I haven't heard any accusations about it, they seem to be trying to put the blame on bitcoin when it's only a small part of it. I agree with @The Cryptovator, those guys are just looking for an excuse to ban bitcoin.

You haven't seen any accusations?
You haven't seen thousands of people chaining themselves to the fences of factories, blocking access to mines, protesting every day in front of companies' offices?
Do you know what extra taxes are imposed on the extraction of raw materials for transportation on the energy bill?
Do you know how much money some of that pay in green certificates to keep producing stuff?

I just have to admire the level of basis some have here, after 3 years in which everyone was saying bitcoin mining is green, bitcoin mining is doing now with only renewables somehow everyone now is angry that a bill states the same as they were shouting, mine only with green energy or don't mine! What happened to those 80-90% percentages, where those just lies feed through laser yees to the gullible masses for another pump?

The other thing is that some still want to compare bitcoin mining with some industries, let's compare bitcoin mining with car manufacturing.
Tomorrow, in two parallel worlds one of them stops, let's see the impact on the economy for each case!

Quote from: Ale88 on June 09, 2022, 01:47:48 AM

Did you ever do any kind of research about the origin of energy used to mine bitcoin? Or do you just read articles written by people who know nothing about bitcoin and their job is just to create FUD? Another advise, go look also the amount of energy that the bank system and gold extraction required, and check especially what kind of energy they use, then you tell me if bitcoin is bad and not environmentally friendly Wink

Show me that "research" and I can show you 20 cases of large farms using coal and gas, and you're free to try and at least match the one's mining with renewables.
Do you have an example of mining farms using wind or solar? I have tens with coal!

As for the whole bitcoin vs banks..

Quote from: stompix on May 09, 2022, 03:34:15 AM

Ok, let's compare it
Galaxy Digital (which is pro-Bitcoin) estimated the consumption of banks at 263 TWh
Bitcoin Mining council estimated the bitcoin mining consumption at 247 TWh.

Been there, done that!

To all of you, stop trying to picture bitcoin as a thing that uses 10w and all those come from a windmill in Switzerland, it's not like that, a lot of energy is dirty, because it's CHEAP and that's all that matters for miners, it's also a bad approach to keep comparing it to banks, if Bitocin goes to 100k, the reward will triple, miners will put twice as much gear in place and the consumption will double, you're going to end up willing to delete your posts about comparisons.

The right approach is to acknowledge these facts and understand the economics behind them, the energy is consumed because it produces something that is valued enough to generate this usage, that's a basic law of a free economy, you can't have security trust and demand with nothing to compensate.