Does bitcoin waste electricity?

[Afro Musashi 1 on 1 4]

On 11/10/2019 at 8:25 AM, Rashel said:

There are many arguments against wasting not only electricity,but also computing power.. 

Computing power includes internet. Electricity... 

(only estimates)-Ships that move cargo across the sea put out 12% of all carbon emissions worldwide-the military puts out 22% airplanes putout 2%  China economy 24% America 21% I can go on so it's not that big a deal the electricity used for mining Btc? arrrghh

[DORANBU0818 56]

I think bitcoin use electricity but not waste it it's natural to use money for some machine to work right? So then it's not considered as wasting electricity.

[MOProgress 363]

On 11/10/2019 at 2:25 PM, Rashel said:

There are many arguments against wasting not only electricity,but also computing power.. 

Computing power includes internet. Electricity... 

When it comes to mining bitcoin, there a lot to do if you must not waste electricity, bitcoin does waste electricity for those who are still small miners. if you intend using all these Computers for mining, it will be both waste of time and resources. Bitcoin mining requires using Bitcoin miner.

[Mike Wazowski 129]

Do the various illuminated signs waste electricity?

Is the night time electric lighting a waste between certain hours in certain towns?

It's all debatable.

In the same way some may consider Bitcoin mining a waste of electricity or not. Imho it's not a waste. Neither of those examples is a waste.

[Emma 611]

On 11/10/2019 at 7:25 PM, Rashel said:

There are many arguments against wasting not only electricity,but also computing power.. 

Computing power includes internet. Electricity... 

Maybe you are right in a mean. But also think about the impirtance of bitcoin transections. many company are now dependent on this and it is so important.

[ASDFGHJKL17 267]

3 minutes ago, DORANBU0818 said:

I think bitcoin use electricity but not waste it it's natural to use money for some machine to work right? So then it's not considered as wasting electricity.

Yes bro you're right, bitcoin need electricity but not too much, and also for me bitcoin is not a waste of electricity, bitcoin is really worth it. 

[Jimmy 437]

Logically yes, Bitcoin consumes electricity because of miners who use hardware to mine but it's smaller than the traditional system used today for example in the transaction sector, Besides that a new breakthrough of bitcoin mining hears solar cells already exist so I think bitcoin is better than traditional systems for electricty.

[shohana 34]

With the desires connected with orders in addition to completely new formation. Really, bitcoin has a substantial electric power supplier. Although involves is usually a realistic qualification, in addition to preferably the modern messages can be located due to this dilemma. A number of people claim of which butcoin is usually adverse as a result, while anything massive may in truth involve substantial methods likewise.

[guatazoo 7150]

If you are talking in terms of mining then it is very true, but in other countries it does not cost much, there are even countries where electricity is free.

[fo1lluko1l 487]

I think not, with the help of electricity that miners spend a lot of people are able to use the most reliable system of money transfer.

[Yanadia 1517]

On 11/10/2019 at 11:54 PM, Ukstar said:

We couldn't locate a different results for waste or electronic waste is created once an electronic product is discarded after the fall of its useful vibrancy. The short imitate at the forefront of technology and the consumption driven organization results in the inauguration of a each and every one large amount of e-waste in all minute.

I agree with you wasted meaning to use for things that are not useful but not so for BTC this project is a project for the welfare of the community.  Some other electronic devices that are not important might be called waste but not for BTC in my opinion.

[MohammadMohsin 569]

Well I don't think so. Cause I think we all do our regular works on our computers and the powers get used by the computer anyway! And I don't think there is any problem using that computer to earn bitcoins! Like it's completely worth it! 

[Aereen 456]

On 11/10/2019 at 9:25 PM, Rashel said:

There are many arguments against wasting not only electricity,but also computing power.. 

Computing power includes internet. Electricity... 

I think using the term waste is wrong, perhaps think of it as an overhead expense on your part instead and how you can profit from spending on that expense. 

[Sohel Rana 406]

About 1 year ago when i read an article about bitcoin mining then i realise btc mining are most costly.

Because btc Mining use electricity and computing power.

Today's time btc Mining not profitable that's why i think bitcoin waste electricity?

[Emma 611]

in my opinion, the answer is different from the people from different countries. electricity bill is very low in some country and high in some country like mine.

[varun3941 8]

Indirectly; Yes as when you install or download the bitcoin mining software it doesn't use your electricity directly it uses your computer hashes which computer produce more power to store or gain it the electricity will use for gaining charge and for mining in software you need to open the computer till you want for 10 to 15 hrs each day for more earning.

[Satya31 865]

It is true that the mining equipments obviously needs the electricity and they can't work without power. But we can not say that it is the wastage of electricity. This sector is a very good sector and a very needy one. It will be very useful in future. So please don't say it waste. 

[vivek jain 308]

Now days, I think yes earlier people use to mine 2-3 Bitcoins in a week, but now days as the price has increased one can mine upto $2000. if you are moderate minor but big minning firms are very profitable even nowadays. but everyone can't be big miner most of them are medium aur motor rate aur moderate minor and after halving they will be able to mine lesser.halving this going to happened in in 2020.

[Muhammad atif iqbal 569]

I don't know what you mean But if you do not consume electricity while watching movies, songs and TV etc. Then you are not going to power even after turning on BTC Rather you earn from this Paying tv bill 

[Roomi 1119]

Inthe hardware mining its wastes. Because now the difficulty to solve a block have been increase very much. So electricity cosumption also increase with solving a block

[Ms.o 3322]

Prefering to bitcoin mining,yes it consume eletricity enourmously,and different countries

have different electricity charges so for some country they find it expensive and some are cheap,but above this,bitcoin mining or wasting electricity to mine bitcoin is worth it.

[patitaycute 648]

If you are earning Bitcoin in mining I can say that it consumes a lot of electricity and as well maintenance of the computers. It is very expensive to maintain the computer on its best performance and keep it cool to prevent overheating.

[Interface User 1070]

In my perspective Bitcoins just consuming electricity not wasting it because it's purpose is to help people so I think it's okay to used it. Maybe it consumes more than a normal but I think all of that have purpose to the world. But if possible many alternative way was exist I hope they try that.

[azhar99 0]

I think Bitcoin dont waste any electricity. 

[Pearls Before Swine 815]

Waste?  No.  It takes a lot of energy and manpower to mine metals, and yet its very worthwhile to do so.  Same thing holds for mining bitcoin.  The electricity used is to create something of value, though the enrivonmental impact in doing it is, of course, up for debate.  I tend to think it's not as bad as all these cars we have on the road, spitting out carbon dioxide and all the other waste products of combustion.  Still, I think proof of stake coins are way better for the environment than pow coins like bitcoin.