Crypto required electricity

[mehek380 333]

Without electricity how can I have crypto currency in the first place. But if its like there's electricity available for a amount of time I would wait for the electricity to come and then convert it.

[Suhannewaz 245]

Mining is a high-energy process, and Bitcoin needs 215 kilowatt-hours of energy each time a transaction is estimated. The overall energy consumption of the Bitcoin network, according to Morgan Stanley data, consumes as much energy as 2 million U.S. homes

[Shahud 1319]

On 12/3/2019 at 7:11 AM, Gusion said:

Cryptocurrency is a digital currency which occurs only on digital world. For us to encounter that, we need electricity. Therefore, electricity is a must for us to encounter crypto.

Yes ..cryptocurrencies are in the digital form and to work on e currencies we need networks and intenet connections.however it all needs the electricity to develop any cryptocurrency.

[Sedy 670]

On 12/3/2019 at 2:22 AM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

The best way for a person with crytpo currency is to hold them for a long term. I don't think selling would be an option, unless you're desperate. Market prices of crypto currency may rise and fall. But crypto currency are becoming more reliable , big companies like Samsung are coming forward to promote the crypto digital currency .. 

[gigabyteRTX 1583]

On 12/3/2019 at 4:52 AM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

Well, if you don't have electricity, then you cant have the chance to convert your coins because you cant access it. Maybe if you have a smart phone, then data connection. Bun converting all my coins to fiat will not be a good idea, so if I only have things to buy, then I will convert the currencies to fiat that i need.

[Ali_hmwi 966]

okay we don't have electricity here alot it came 2 hours and off for 4 hours will be hard on me here and i always go out of my trade or do a stop lose to be safe.

damn that is not good 😟

[Wijayafajar06 274]

I will trade to make a profit as my capital in buying tools for mining because mining really needs electricity and this is my way to get more income.

[Mehedi552 30]

I think so. Of course yes electricity is needed because all the devices or my smart phone we use are of electricity With the help of help, I think cryptocurrency electricity is being run by Parliament to make money.

[MohammadMohsin 569]

If there is not electricity there would be no internet connection. And if there is no internet connection there is no chance that anybody would ever keep online currencies. 

[Arsm 63]

Actually this seems to be another disadvantage for cryptocurrencies vs. cash. Cash of course can be used without electricty but crypto requires electricity - for mining to process transactions and to power online wallets But one thing worth noting is that credit and debit cards etc. also require electricity but still is a major form of payment especially in developed places. I feel crypto needs to have newer edges to beat out cash and cards if it wants to become a more bigger form of payment. 

[Brushless4500KV 4214]

On 12/4/2019 at 8:22 PM, andrehol said:

No electricity - no cryptocurrency. But there are neighboring villages! you can search for electricity in them. There are simply no other options

Most people who think about cryptocurrency are those who have access to internet services. The people who don't have electricity, don't have internet connection and people who are deprived of internet haven't even heard about cryptocurrency. Nowadays, even the most remote parts of the world have electricity and the distance between places with no electricity and cities that have both electricity and internet is only a few kilometers.

One solution is to use high capacity powerbanks. They generate enough electricity to charge your smartphone for some days. You can connect to internet with your mobile phone without electricity.

Edited January 22, 2020 by Brushless4500KV

[andrehol 16294]

10 minutes ago, Brushless4500KV said:

Большинство людей, которые думают о криптовалюте, имеют доступ к интернет-услугам. Люди, у которых нет электричества, нет подключения к интернету, а люди, лишенные Интернета, даже не слышали о криптовалюте. В настоящее время даже в самых отдаленных частях мира есть электричество, а расстояние между местами без электричества и городами, в которых есть электричество и интернет, составляет всего несколько километров.

Одним из решений является использование мощных банков . Они генерируют достаточно электричества, чтобы зарядить ваш смартфон на несколько дней. Вы можете подключиться к Интернету с помощью мобильного телефона без электричества.

Powerful batteries are an expensive thing! In remote villages there is not only electricity, but also no work. That is why people there are excited about the opportunity to earn a few $ in crypto.

[Jyz2009 105]

We all know that this is a must, because of the new technolgy in our era. If no electricity we cant use our smart phones or computer to have a transactions. Also, minning really requires a lot of energy, hope someday people find more greener source of electricity.

[Rickso 768]

On 12/2/2019 at 9:52 PM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

if i don't have electricity in my village  ( i suppose this means that you don't have phone or pc) i would not even know the existence of bitcoin and even i know theme i can't buy them since i don't have access to computers or phones

[Shaza Ahmad 1682]

if I were in your situation i will choose to hod bitcoin for the long term, in my opinion, this will give some profits.

[Opinder 1310]

Crypto is not required extra electricity. We already using phones and computers on electricity and if we mine on them there is not need of extra electricity to mine it. But if electricity is not available then whole technology is useless not only crypto. And only fiat would be useable.

[Upright 2688]

Crypto mining sure does requires electricity,  and if on large farms, the electricity cost is high up

[Muskan7816 175]

There is no chance of acquiring any crypto. If you have achieved something and are saving in some way, you should continue to do so. If there is no electricity in the village, I should not have a mobile or computer device

[Benjamin 84]

17 hours ago, Moon Light said:

I wouldn't convert it to fiat immediately. Because why would I have cryptocurrency if there is no electricity in the village in the first place? I would just wait for that electricity to go back.

Well, the creator of this thread has no common sense, all of people here in this forum are know that the coins are runs only through network unless he didn't know that thing.

[McCree 713]

On 12/2/2019 at 10:52 PM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

Mobile devices have a long battery life so electricity shouldn't be a problem, otherwise you wouldn't be able to post this topic on the forum. Best thing in such a situation is to keep your wallet on a remote server that only you control (not online wallet).

[Akasshh 234]

Yeah crypto required electricity,a  lot of computing power is needed to mine bitcoin which requires more and more electricity ,Digiconomist estimates that bitcoin mining ,the process of generating bitcoin accounts for 0.29% of the world annual electricity consumption.

The mining of  a single bitcoin block -a block of transaction data on the bitcoin network -consumes enough energy to power more than 28 homes for a day.

[Dmasked 1840]

If it is a remote area with no electricity then digitak currencies along with crypto has no use there. Even if you convert it to fiat there would be no banks to withdraw and much of electronic means of exchanges will be of no use.

[Razan alikac 1899]

I will choose anything that gives me profits in the long term, as I will not be able to continue trading or investing without electricity

[Darkelf11 262]

On 12/3/2019 at 4:52 AM, noman said:

If you dont have any electricity source in your village what will you do with your cryptocurrency.

Will you convert it to fiat ?

Or 

will you keep it ....(for profit or something else?)

 

First of all, you cannot access any cryptocurrencies if there are no electricity. You cannot even convert it on any fiat currency ofcourse, unless you can think of any way. Maybe selling your wallet. That could be one, but that would be not good I believe. 

[mani982 286]

Crypto Required Electricity..No crypto did not require Electricity if we are just trading .But if we want to mining crypto then definitely crypt require electricity.