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Showing 6 of 6 results by geschtonkenflapped
Re: Bitcoin GEOCACHE in Iceland FREE money!! GAME STILL ON!!
One year left!
As per the note in the geocache I will move the bitcoin if it is unclaimed by 2018, one year from today. I think I will continue to offer a small reward for finding and photographing the cache after 2018. As far as I know the paper wallet is still just sitting there. We can see that the money has not moved anyway.
I recently visited Iceland and having come across this post a while ago, I thought I would go and hunt for for the geocache before leaving. But it seems like it has disappeared!
See photographic proof below:
http://i.imgur.com/xhqOeWe.jpg
http://i.imgur.com/FhSE8oY.jpg
Disappointing! Beautiful country though, highly recommend a visit and thought that this was an interesting experiment
Bitcoin was started as an alternative to present monetary system. Now compare the resources used in Bitcoin development (mining and other expenses) to Monetary System (banks, ATM, running costs). Bitcoin hardly utilize 1-2% as what utilized by present banking and monetary structure. And what about presence of 2 AC in 10x6 feet ATM room? Do these ACs contribute nothing to Green House gases?
Re-think!
Re-think!
Let's compare bitcoin to what they usually like to usually compare it to - gold. How is gold mined and what are the costs? Aside from all the energy used to mine it, it usually comes with an environmental cost, with landscapes destroyed and chemicals from digging as well as processing the gold can also escape into the environment. Cryptocurrencies only become damaging to the environment if the electricity used was from polluting plants like coal and oil.
Yeah these are the sorts of reasoning I was wondering about. As bitcoin gets more and more in the spotlight, in my opinion these issues must be studied in more detail.
Has anyone done any serious studies on electricity consumption due to cryptocurrency related activities like mining? Possibly with comparison between different currencies and feasibility of maintaining such consumption? Is there an argument to be made for or against them in the context of global warming?
Electricity consumption has nothing to do with the global warming.Electricity production creates the global warming.If we produce electricity with green techonologies ,the consumption of such energy won`t be a problem.
Anyway,after 21M bitcoins the mining will stop and this issue will disappear.
Sorry, bad wording. To consume, we must produce, and green technologies aren't close to covering our current consumption, let alone future consumption. Hypothetically we could get to the stage where green technologies take over and then there would be no problem. However, this is not the current case and most likely won't be for a long time. So until that point, and with our current non-sustainable production of electricity used for bitcoin related activities, is bitcoin big enough to do damage?
The end of mining won't happen for at least 100 years if at all, and in that time some serious damage could already be done.
Has anyone done any serious studies on electricity consumption due to cryptocurrency related activities like mining? Possibly with comparison between different currencies and feasibility of maintaining such consumption? Is there an argument to be made for or against them in the context of global warming?
Being scammed in one way or another seems inevitable, what are the clear indicators that a legit-looking service is actually a big scam of some sorts? Is this forum a good place for info to detect a fraudulent scheme?