Bitcoin Mining Can Worsen Global Warming

[Mlc]

Bitcoin is a cryptocurrency with heavy hardware requirements, and this obviously translates into large electricity demands  do you agree this can affect global warming ?

source http://www.rttnews.com/2949723/bitcoin-mining-can-worsen-global-warming-study.aspx?type=cryp

[CaptainLorca]

So.. is there any research or anything comparable? 

That Mining for coins and so on is not the best for nature is glasclear. But what’s the news on this?

i think washing all the real coins and printing new notes is much worse for nature.

[Xantys]

How about building mining rigs powered by Wind or Sun stations? I've read about one such project. 

[bmg]

This was something that i questioned when i first learned about minning . It takes so much energy to run air conditioners to mine cryptocurrancy . It will affect our planet but so does everything else. I think that as humanitarians we just need to learn to balance it out and all will be ok 😘

[Owl182]

On 11/1/2018 at 5:04 PM, Xantys said:

How about building mining rigs powered by Wind or Sun stations? I've read about one such project. 

I've been researching running miners on solar power for a while, am hoping to invest in a powerful machine to take this idea forward in the near future, i have spoken with a solar expert in my area & as soon as i can get the machine he will set up monitoring etc and can start looking into solutions, maybe approach one of the large manufacturers of solar with the data and see where it goes from there, its slow going 'cos the machine is very costly but i'll get there eventually ;o)

Nice topic MLC...

[Xantys]

7 hours ago, Owl182 said:

I've been researching running miners on solar power for a while, am hoping to invest in a powerful machine to take this idea forward in the near future, i have spoken with a solar expert in my area & as soon as i can get the machine he will set up monitoring etc and can start looking into solutions, maybe approach one of the large manufacturers of solar with the data and see where it goes from there, its slow going 'cos the machine is very costly but i'll get there eventually ;o)

I'm glad to hear about your project Mr. Owl. I know it's not easy and wish you all the best. I think this is how future mining will work.

[Owl182]

12 hours ago, Xantys said:

I'm glad to hear about your project Mr. Owl. I know it's not easy and wish you all the best. I think this is how future mining will work.

Hi Xantys,

Thank you for the positive response, much appreciated, i have tried "crowdfunding" but it seems to be a waste of time, i am looking for alternatives though, the local banks in my country wont finance the machines either as they dont understand the concept, you can have a look at this page of mine if your interested though

http://liderkey.com/19173-mining-cryptocurrency-with-100-profit/details.html

Owl182 😉

[skywallkee]

This is just as realistic as "gaming worsening global warming". Just think of how absurd it is.

Even if we would be mining or not, power plants would anyway work and poluate.

[djafar1]

Not that big of an affect. Just go watch netflix cowspiracy. Documentary about how much animal agriculture is the reason in Global Warming

[blueprints]

Hopefully we can find ways to mine bitcoin without using machines that put out so much heat. 

[Owl182]

20 minutes ago, blueprints said:

Hopefully we can find ways to mine bitcoin without using machines that put out so much heat. 

Liquid nitrogen cooling...

[blueprints]

Yeah we could use liquid instead of air to cool down the machines. 

[Owl182]

2 minutes ago, blueprints said:

Yeah we could use liquid instead of air to cool down the machines. 

Probably the best idea over air actually, as i said earlier i am planning on bringing in a powerful machine, hopefully some of the "tests" or research i will do with it will yield interesting and useful results ;o) the machine i am planning on runs a 4000w power supply & runs at 33TH/s full speed...

[djafar1]

I think you guys dont get how global warming works...