Is mining bitcoins not a waste of energy?

[J7torresperez 59]

 

mining btc stopped being profitable for a long time this due to high energy expenditure ... other currencies are more profitable

[ElYormen 5]

Mining is hard risk when u live in Venezuela

[candyguyyy 43]

as long as mining able to make profit so it is good thing that what is think

[ElYormen 5]

I think that mining with good equipments is not wasting energy, you can make good income if you kept an eye on your work, yes it costs but you will earn if you have experience Mining is hard risk when u live in somewhere in Latam

[Azzari 3]

6 hours ago, Gustavo_j_m_a said:

Welcome to the virtual mining

Compra Virtual Miner y obtén ingresos en fichas todos los días!

- Micro Miner:
BTC diario estimado: 0.00012330, USD: $ 1.43, BTC mensual: 0.00382230, USD: $ 44.33

- Minero ligero:
BTC diario estimado: 0.00137000, USD: $ 15.95, BTC mensual: 0.0424700, USD: $ 494.45

- Miner
Standard: Btc diario estimado: 0.00753500, USD: $ 87.74, Btc mensual: 0.233585, USD: $ 2719.94

- Miner
Professional: Btc diario estimado: 0.01644000, USD: $ 191.45, Btc mensual: 0.50964, USD: $ 5934.95

- Vip Miner:
BTC diario estimado: 0.10275000, USD: $ 1196.57, BTC mensual: 3.1852, USD: $ 37093.67

Al comprar un minero, el 90% de los fondos de btc se destinan a comprar soporte para Minex (Token de minería virtual) en el par comercial Minex / BTC

Con cada compra de un minero, el precio de soporte de Minex / BTC aumenta en un 0.1%

El 10% del costo del minero se destina a la recompra del token Yo (en el par Yo / BTC)

Pruébelo ahora: https://yobit.net/en/mining/

Hola Gustavo , quisiera plantearte una pregunta. Que recomiendas hacer con los minex ganados, venderlos al momento o holdearlos un buen tiempo?

Agradezco de antemano tu apoyo.

Saludos!!

[Wilfrr 37]

It is not a waste of time at all, it is rather to focus your time on generating money in the short or medium term and it depends on the effort you give it since if it is free to generate bitcoin it becomes a bit long and tedious but always generating  dividends and when you make an investment of course the results are more favorable and faster

[joaquin 113]

From my point of view it consumes energy but it is worth it because they pay you, of course, if it is scam it is a waste of time you have to realize that, but it is worth it because it gives a lot of money.

[Hami 42]

I think it is not waste of energy. if you want to earn anything you need to cost some energy. the miners are doing good job for the crypto market and it is profitable too.

[FIA17 44]

There have recently been some stories where the heat generated by a bitcoin mining farm is regenerated into something useful again and hence the so called waste of energy is drastically offset as the miners are generating bitcoin and generating heat which is being reused and possibly sold somehow. However if a single hobby miner is mining away at the bitcoin blockchain then yes this would definitely be a waste of energy.

[eren24 14]

too much energy consumption waste

[Maloy228 6]

Я не считаю майнинг пустой тратой времени и энергии, потому что он окупается, а как мы знаем, любая работа оплачивается, она также работает с майнингом

[Ledg 44]

On 08.10.2019 at 19:34, starwill said:

Spending energy on securing and operating a payment system is no waste of time. Like any other payment system, the use of Bitcoin entails processing costs. Services necessary for the proper functioning of the world's most widespread currencies such as banks, credit cards and armored vehicles also need a lot of energy. Unlike Bitcoin, that energy consumption is not transparent and cannot be measured.

Bitcoin mining was designed to become more optimized over time due to specialized hardware that consumes less energy, and thus the mining's operating costs should continue to be proportional to demand. When Bitcoin mining becomes too competitive and less profitable, some miners decide to stop their activities. In addition, all the energy spent on mining is eventually transformed into heat, and the miners with the greatest benefits will be those who take advantage of that heat. An efficient mining network is one that is not consuming extra energy. Although this is ideal, mining expenses are such that miners strive to achieve it.

It is quite difficult to make a closed cycle in such a way that the consumed energy is fully utilized.  Only if the farm is organized on the river bank where you have a hydroelectric power plant, the farm itself will be underground with good ventilation, and on the surface there will be a greenhouse for vegetables and fruits or grass (if it is legal in your country).  This will solve the problem of obtaining energy, and the return of heat in the right direction.  Plus safety, since in case of emergencies and in case of poor flow, the fire will not spread

[godislovefll 1880]

On 8/10/2019 at 12:34, starwill said:

Gastar energía en asegurar y operar un sistema de pago no es una pérdida de tiempo. Como cualquier otro sistema de pago, el uso de Bitcoin conlleva costos de procesamiento. Los servicios necesarios para el correcto funcionamiento de las monedas más extendidas del mundo, como bancos, tarjetas de crédito y vehículos blindados, también necesitan mucha energía. A diferencia de Bitcoin, ese consumo de energía no es transparente y no se puede medir.

La minería de Bitcoin fue diseñada para optimizarse más con el tiempo debido al hardware especializado que consume menos energía y, por lo tanto, los costos operativos de la minería deberían seguir siendo proporcionales a la demanda. Cuando la minería de Bitcoin se vuelve demasiado competitiva y menos rentable, algunos mineros deciden detener sus actividades. Además, toda la energía gastada en la minería eventualmente se transforma en calor, y los mineros con mayores beneficios serán los que aprovechen ese calor. Una red minera eficiente es aquella que no consume energía extra. Aunque esto es ideal, los gastos de minería son tales que los mineros se esfuerzan por lograrlo.

The great cost that mining carries with respect to electricity only allows large investors to have mining farms since they have many mining machines and generate much more profit.

[DanielMcRon 598]

No, of course, then the cryptocurrency would stop. It's just that the activity and hype on the news and bitcoin jumps disappeared and there was less activity in the mining industry. As long as there is cryptocurrency, there is also mining. Under good conditions, he will not die

[Faruk Akdağ 43]

On 10/8/2019 at 7:34 PM, starwill said:

Spending energy on securing and operating a payment system is no waste of time. Like any other payment system, the use of Bitcoin entails processing costs. Services necessary for the proper functioning of the world's most widespread currencies such as banks, credit cards and armored vehicles also need a lot of energy. Unlike Bitcoin, that energy consumption is not transparent and cannot be measured.

Bitcoin mining was designed to become more optimized over time due to specialized hardware that consumes less energy, and thus the mining's operating costs should continue to be proportional to demand. When Bitcoin mining becomes too competitive and less profitable, some miners decide to stop their activities. In addition, all the energy spent on mining is eventually transformed into heat, and the miners with the greatest benefits will be those who take advantage of that heat. An efficient mining network is one that is not consuming extra energy. Although this is ideal, mining expenses are such that miners strive to achieve it.

Thank you wery much. It was very good explanation. I personally benefited o lot. Thanks for your effort.

[grivin 71]

Mining is calculating the formula of humans immortality

[Mabelita 49]

It is not a waste of energy to mine bitcoin if the purpose of this practice is to generate and validate the blocks that make up the great ledger of the bitcoin blockchain network, which prevents anyone from using the coins twice and not being introduced fake bitcoins. Now it depends on your capital, if you have the right equipment, with a responsible graphics card and a good internet connection that allows you to mine bitcoin that can pay for electricity consumption, it is not a waste of energy either.

[heatdz 53]

is not waste On the contrary, it has an excellent return.

[adrift1995 38]

if the electricity charge is not high then it is profitable . some places have too much electricity charge rate so for that place it is waste of time . so you need to calculate proper for mine btc

[Snow2020 113]

Yes, mining bitcoin makes money and energy is spent, but what is spent is very little compared to what is earned, having a center where many devices mine simultaneously is good.

[xawier 49]

be something of loss of energy, but it is necessary to buy the necessary components to be able to mine well, the electricity that is spent if it is something considerable and it will be even more when with the passage of the years and while more people do it will be this way. 

[Katynguyen 31]

All technology in the current era depends on energy and this is normal, but the high energy consumption due to mining bitcoin causes concern of many quarters, of course this is not impossible to resolve and there can be solutions to this problem in the future. Indeed, many interested parties have begun to look for appropriate solutions

[ehnegociosonline 24]

según el país en el que se encuentre y las condiciones según cuánto pague por los servicios eléctricos.

[Maharba 237]

Agree with you my friend, that is the crude truth, You talk about the waste of energy, indeed is a pain, plus, another state is the huge noise of the fan of the antminers, if you have many of them , is totaly insane, thats way many people who live in countries of the first world migrate some offices to some LA countries where power was cheaper and set a level of crypto farms for years, (china is appart), another side of the bussines was some smart guys in latin america offer their service to companies in usa or europa to set miners with very los price of operation, and those people still live of that. In few words: You put your antmine in my country and I set the place and the electricity, nice deal.

[Billalkhan6712 82]

Bitcoin is not mined, energy is not wasted and money is not wasted. Cryto The best currency is Bitcoin. Bitcoin can make money in a short time at low cost. Thank you for letting me know