khunsanuk Posted May 29, 2022 Report Share Posted May 29, 2022 Hi, How do you feel about the environmental impact bitcoin mining has due to the vast amounts of electricity used, mostly from fossil fuels? Sanuk! Link to comment Share on other sites More sharing options...
Mekong Posted May 30, 2022 Report Share Posted May 30, 2022 The same could be applied to “Green” Electric Vehicles, China has the most EV’s in the world. Global EV’s Link to comment Share on other sites More sharing options...
khunsanuk Posted May 30, 2022 Report Share Posted May 30, 2022 Hi, But it is a lot easier to argue that the world needs cars then that the world needs more bitcoin Sanuk! Link to comment Share on other sites More sharing options...
Mekong Posted May 30, 2022 Report Share Posted May 30, 2022 I know, but I like “Green Bashing” This Article states the “Well to Wheel” carbon emissions of EV’s could be up to 67% of ICE, in China and India where a lot of electricity is fossil fuel around 30%. So, in the “Ideal World” the so called “Net Zero” for EV’s is in fact “Net 33%” or in China “Net 70%” so the whole Net Zero concept that Politicians and the Greens are trying to sell us are a lie, there is no such thing, it is just a pipe dream. What the article also mentions, which I am in total agreement with, is the need to decarbonise Electricity Generation. The Greens will have us believe this means No Fossil Fuels whereas in fact Fossil Fuels can be clean if CO2 Capture & Storage is utilized on existing Fossil Fuel Power Plants. Today the only thing that stops grid collapse and total blackouts are the Baseload Fossil Fuel Power Plants, who’s output can be modulated on demand to meet requirements. You can’t control the weather to modulate wind or sunshine The Captured CO2 will then be used in Fire Extinguishers, Rubber and Plastic Production, Stunning Animals for Slaughter, Carbonated Beverage Production etc, the same things it is used for now but only it is generated by Carbon Dioxide Production Plants, believe it or not, on one hand “Let’s reduce CO2” and on the other “Let’s Make CO2’ you couldn’t make it up. Most Greens and Tree Huggers are a weird bunch, spouting off about this that and the other without really having a clue what they are talking about and just like jumping on the Bandwagon much like Bitcoin investors or Social Media challenges. Link to comment Share on other sites More sharing options...
khunsanuk Posted May 30, 2022 Report Share Posted May 30, 2022 Hi, But of course, you are heavily biased towards the Oil & Gas industry Anyway, we are getting off topic. Sanuk! Link to comment Share on other sites More sharing options...
My Penis is hungry Posted May 31, 2022 Report Share Posted May 31, 2022 This is THai360 - there is no topic we can't drift from Link to comment Share on other sites More sharing options...
Coss Posted June 15, 2022 Report Share Posted June 15, 2022 The following is not :: me being pro or anti Crypto, it's merely a post, to draw the valued readers attention, to what Bill Gates thinks of Crypto and NFTs. "Don't count Bill Gates among the fans of cryptocurrencies and NFTs. Those digital asset trends are "100% based on greater fool theory," the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing to bid them higher. Gates added that he's "not long or short" crypto. And he mocked Bored Apes NFTs, joking that "expensive digital images of monkeys" will "improve the world immensely." Instead, Gates said he prefers old fashioned investing. "I'm used to asset classes, like a farm where they have output, or like a company where they make products," he said. His comments come as bitcoin and other cryptocurrencies are crashing. Bitcoin hit an all-time high of $69,000 in November 2021. Since then, the world's most valuable cryptocurrency has lost two-thirds of its value, tumbling below $23,000 on Tuesday. It has lost about 25% of its value since Friday..." https://edition.cnn.com/2022/06/15/tech/bill-gates-crypto-nfts-comments/index.html Or to view this story from Appalachia - if Crypto and NFTs don't actually put a chip in your brain, then Bill Gates wouldn't be interested in them... Link to comment Share on other sites More sharing options...
Steve Posted July 27, 2022 Report Share Posted July 27, 2022 On 5/30/2022 at 3:59 AM, khunsanuk said: Hi, How do you feel about the environmental impact bitcoin mining has due to the vast amounts of electricity used, mostly from fossil fuels? Sanuk! My friend mines. Another thing its noisy as hell. I am probably going to get into as well. I consider myself an environmentalist to some extent. I want us to all go green and so forth but that would all go out the window for mining. Everything else I do (paper not plastic, etc). I'd be a hyprocrite for bitcoin mining for sure. Link to comment Share on other sites More sharing options...
khunsanuk Posted July 28, 2022 Report Share Posted July 28, 2022 Hi, Well, at least you are honest about it. One of my friends just claims that it isn't that bad and it will get better in time. Sanuk! Link to comment Share on other sites More sharing options...
Coss Posted November 15, 2022 Report Share Posted November 15, 2022 The joys of being outside traditional banking system... https://www.bbc.com/news/technology-63624894?at_medium=RSS&at_campaign=KARANGA ""real liabilities but imaginary assets" and that a huge proportion of the assets are in exchanges' own tokens - such as FTX's FTT token - to which "they've assigned a spurious value in the billions"." https://coinmarketcap.com/currencies/ftx-token/ Link to comment Share on other sites More sharing options...
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