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Subscribeis Bitcoin is good for environment?
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#1
is Bitcoin is good for environment?
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#2
Hmmm. I don't think the cryptocurrencies carries pollution that could affect the environment. I think it is the Bitcoin mining that could greatly affect the environment because it consumes too much energy.Originally Posted by Alexthedefender04
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#3
Mining Bitcoin can expand electricity consumption because the trading tool works 24/7.
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#4
That's the reason why some investors stop mining Bitcoin because of this.
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#5
We are using the bitcoin on our transactions because it is easier, faster and secured and even we already have a lot of benefits using the bitcoin still it has an impact to the environment first is the miners you already stated because miners use an electricity too because they are mining with the use of their computers and some of them are using those computers for 24/7 just to mine a lot of bitcoin it has a lot of consumption of the electricity and where do resources come from it is from our natural resources. If you are in a country which has a low electricity bill it is good for mining but if you aren't don't attempt to mine because the bills are higher than your earning but still it is on your decisions. Also, we have cloud mining today you can use this to mine too.
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#6
Energy management is a method of controlling and reducing energy consumption. By decreasing the amount of electricity use, decrease the amount of electricity that needs to be produced. This section explains how Bitcoin is good for the environment.
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#7
Bitcoin also promotes digital payment that can prevent the spread of the New Corona Virus and other contagious diseases. It may sound unrealistic but if we consider what we currently experiencing today, Bitcoin can be one of the major help along with similar digital payments like PayPal and MasterCard that can prevent the passing of this contagious disease to other people. If we have so many choices of digital payment and many people are using it, that can become one of the reasons to slow the number of people who got infected by the New Corona Virus.
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#8
That's true. Nowadays, it is safest to transact digitally. However, it would be inconvenient to those with no access to digital currencies.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#9
This is the reason why Bitcoin is not much used for consumption. Very few establishments accept this as a mode of payment. The accessibility of digital coins is still debatable.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#10
Well if we talk about it literally, I'd say that mining Bitcoin is a lot better than mining gold in terms of environmentalism. We mine Bitcoin virtually and I don't think it has a bad effect on the environment. Unlike with gold wherein it often causes erosion and other accidents.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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