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[SCAMEXPOSER]

Elon MUSK's tweet on Bitcoin mining impact on environment might a blessing in disguise because this has made miners to research further for alternatives. Recently Bitcoin miners in North America has decided to partner with oil drillers to mine Bitcoin with excess natural gas. Bitcoin miners are reportedly moving mining rigs to the oil drilling sites at North Dakota to leverage the extra energy from the natural gas to channel into Bitcoin. The wasted energy which comes from oil extraction and will be put into good use.

 

[Niftyicon]

This is very good news and I hope it would help take the fear away. The environment deserves the best and an alternative for mining would go a long way.

 

[SCAMEXPOSER]

Yeah, this move is a relief to many Crypto currency enthusiasts because miners are back bone the Crypto currency sustainability and growth. It also an advantage to utilize the energy been wasted.

 

[candybutcher]

Good news for all bitcoin holders. I'm glad they care about our environment, hoping they would find a better alternative for mining. BTC will rise again soon!

 

[highspeed]

So they are talking about stop mining, to protect the environment. But don't they think that drilling for oil is also causing environmental damage?
Maybe it would be better, in my opinion, to opt for other systems to obtain the necessary energy.

 

[SCAMEXPOSER]

So they are talking about stop mining, to protect the environment. But don't they think that drilling for oil is also causing environmental damage?
Maybe it would be better, in my opinion, to opt for other systems to obtain the necessary energy.

You know the volatile and decentralized nature of cryptocurrencies makes it has more pessimist or antagonist , other activities offcourse consumes more energy and harm the environment more .

 

[Razor1911]

Another good development for the bitcoin. This will surely help to boost the sentiment of the traders. The bitcoin already had plunged so much. Now news in necessary to lift it up again.

 

[Wisdom01]

I think it's good ,instead of wasting nthe extra energy of oil ,glad they would be using it for mining ,I think ever since Elon musk made reference of green energy ,I have actually seen an improvement in the way almost every country are actually just keen to see Bitcoin reaching it's potential

 

[Horia_10]

Yes ; that's good because the market was always in need of such efforts ; one thing that I would like to add is that the miners might have gone at a compiler rate here in mining but in actual sense the reduction has taken place since then in all parts of the world and is imminent to take place in the america as well so countries like Norway and Uruguay and Russia might be the ultimately final solutions for the miners here regardless of anything .

 

[Wisdom01]

Yes ; that's good because the market was always in need of such efforts ; one thing that I would like to add is that the miners might have gone at a compiler rate here in mining but in actual sense the reduction has taken place since then in all parts of the world and is imminent to take place in the america as well so countries like Norway and Uruguay and Russia might be the ultimately final solutions for the miners here regardless of anything .

Yes I believe with time ,other countries would emulate mining Bitcoin ,but green energy should be the most preffered type of mining , yes countries like that you have listed could be the preffered location for miners ,love the way some countries are adopting mining

 

[Horia_10]

The mining no doubt can help many economies grow through additional revenue sources ; but the truth is that the economies that want to grow do not help out the miners that much vs the developed countries where miners get much help and its the reason why they have staked business in such countries that listen to them for the better future of the country and the miners .

 

[Wisdom01]

The mining no doubt can help many economies grow through additional revenue sources ; but the truth is that the economies that want to grow do not help out the miners that much vs the developed countries where miners get much help and its the reason why they have staked business in such countries that listen to them for the better future of the country and the miners .

you are right , because of the way some under developed countries shun cryptocurrency as a whole not to talk of mining , for mining to suceed in the country it would be really difficult for that to happen , hopes they actually change the setting and make it a better suceeding instinct

 

[Horia_10]

Mining can only succeed in countries like the Us because they are much adapted to it and have lots lof electric power that can be used to mine electric supply , the mining focus was firstly on warm regions and now on cold regions , so things have shifted greatly on this regard as well actually .

 

[Wisdom01]

Mining can only succeed in countries like the Us because they are much adapted to it and have lots lof electric power that can be used to mine electric supply , the mining focus was firstly on warm regions and now on cold regions , so things have shifted greatly on this regard as well actually .

I think the us government still charge more tax for mining even if they have lot of eletricity ,that's why you see big mining firm relocates to country with low charge for mining and others , countries like Argentina and other top countries too I think

 

[Horia_10]

The countries like north America have lots of issues and therefore miners tend to find an easy path there since the electric supply is cheap , but since last year the Inflation is really up in noty america and miners might not be interested to pay 3x costs from last year so Norway is better choice and the reason why they are shifting in flocks there exactly .

 

[Ben Kempton]

I think it's good ,instead of wasting nthe extra energy of oil ,glad they would be using it for mining ,I think ever since Elon musk made reference of green energy ,I have actually seen an improvement in the way almost every country are actually just keen to see Bitcoin reaching it's potential

I also think that this is a good thing. But I am wondering that how will they use oil and gas in order to mine Bitcoin because till now I have been thinking that Bitcoin basically requires electricity. Have they also invented some sort of new way to mine Bitcoins through gas and oil?

 

[Horia_10]

They will use oil and gas mixture to produce electricity just like what an ups does in this case they will spark the mining machines which will use the fuel from the source and will start mining on as per the difficulty which will increase if the condition are suitable. Hot and humid and will be beneficial and profitable only above $35k

 

[Wisdom01]

I also think that this is a good thing. But I am wondering that how will they use oil and gas in order to mine Bitcoin because till now I have been thinking that Bitcoin basically requires electricity. Have they also invented some sort of new way to mine Bitcoins through gas and oil?

you know that there are some machinery that are been powered by oil , probably those machinery could actually be used to mine Bitcoin and make them more profit , instead of wasting those oil it could be properly utilized at the end of the day , it's for the good of the people

 

[fiery phoenix]

you are right , because of the way some under developed countries shun cryptocurrency as a whole not to talk of mining , for mining to suceed in the country it would be really difficult for that to happen , hopes they actually change the setting and make it a better suceeding instinct

I think underdeveloped countries would find it very hard to engage in crypto mining that is why mining lacks in Africa and also in South America.El Salvador,one underdeloped country in South America is having issues to make its bircoin mining a success.Even if we speak of green energy,its not every country that has natural gas or oil to do mining,some don't have it available to mine in their countries

 

[achawaskey]

That is a nice move in order to help secure the environment from its by product when mining bitcoin. This is indeed an eye opener to other institutions who are planning to start cryptocurrency mining. If clean energy could be utilities in other things that produce harmful substance to the environment, some natural disaster could be stopped through this means.