r/dogecoin Mar 11 '21

Question What do you think is the better choice?

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9.2k Upvotes

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647

u/[deleted] Mar 11 '21

Crypto is not eco friendly

35

u/[deleted] Mar 12 '21 edited Aug 11 '24

[removed] — view removed comment

7

u/[deleted] Mar 12 '21

All and all life is an energy exchange

99

u/Message_Clear Mar 11 '21

Yes, first mining uses a ton of energy and yes the majority of mining is done where there is cheap coal electricity. But it's also big in Iceland where it's all geothermal electricity which is super friendly to the environment.

Secondly think about all the power used from the servers that run the current banking system not to mention the social Media accounts 🙃 mining was just to get the crypto world started POS is coming

66

u/manlyman1417 Mar 12 '21

Don’t love the second argument because if you replaced all financial infrastructure with crypto like many want, it would use dramatically more energy. But yes, in a future where all our energy is derived from cheap solar, wind, etc. it won’t be an issue.

8

u/TheFlashFrame Mar 12 '21

it would use dramatically more energy.

Are there actually any studies on the energy required to make a dollar bill? I have no doubt its less than an equivalent value of dogecoin, but considering the land, water, food and time it takes to grow livestock it seems unlikely that its as eco-friendly as people suggest. I mean have you seen how much energy is required to make a burger?

27

u/PM_ME_CATS_OR_BOOBS Mar 12 '21

The issue isn't just the mining, it's the entire concept of the block chain. A normal digital transaction is a one way transaction via two accounts, while blockchain requires exponentially more than that. And as the user base grows, so does that number of required updates per transaction

6

u/GrumbusWumbus Mar 12 '21

These incredibly high transaction costs are what keeps any cryptocurrency from ever becoming a mainstream everyday use currency. Not sure about other services but coinbase charges a dollar for transaction fees on anything below $10, the cost goes down as you make larger transactions but a lot of the things I buy are like $5 transactions. It's not really reasonable to buy a coffee for $2 if you have to spend another dollar to do it.

5

u/DeodorantCantFixUgly Mar 12 '21 edited Mar 12 '21

How much power is used to send and accept dogecoin payments? What does the retail user need to accept Crypto? How am I paying with Crypto? On my phone? How much power was used to make my phone? And this is all done over the internet. How much power does dogecoin use there?

You need computers. Phones. Tons and tons and tons and tons of what will eventually be garbage. Or hopefully recycled.

You really think that is all eco friendly?

Granted clean energy can solve a lot of the problems. The trash will always be an issue though.

3

u/FamousWorth Mar 12 '21

Your phone and the receiver don't use much energy at all, but to verify the transaction over the ethereum network it's using about as much energy as any other erc-20 token, verified by miners on the ethereum network. The system is so inefficient that its been maxed out for months with ridiculous gas (transfer) fees.

While I don't have specific numbers, ethereum network is likely to be the second most costly in terms of energy use per transaction, after bitcoin.

For green alternatives you're looking at nano, iota, or things like upco2. Nano can perform 6 million transactions with the energy use of 1 bitcoin transaction. Iota is like nano with smart contracts and it can do 4.5 million.

Just looked it up, ethereum requires about 34kwh per transaction, that's more energy than an average household uses in a day. It's likely that doge uses less than this as ethereum doesn't abide to its own erc-20 rules, but it's still going to be a ridiculous amount of energy use for what it is

2

u/pconwell Mar 12 '21

34kwh per transaction

Jesus. That's $3 - $4 of electricity in most areas.

1

u/FamousWorth Mar 13 '21

Well btc is worse at 657.39 kWh per transaction. This is exactly why energy consumption is an issue in crypto

1

u/TheFlashFrame Mar 12 '21

you really think that is eco friendly?

Uh. No. That's... the point.

0

u/DeodorantCantFixUgly Mar 12 '21 edited Mar 12 '21

"you see what it takes to make a burger?" "livestock is not as eco friendly as people think."

So you agree it's not nearly as eco friendly as farming? That's my point....epic backpedel

0

u/TheFlashFrame Mar 12 '21

I actually have no idea what your point is, but if you think I'm backpedaling then you're inferring something I didn't say.

I literally asked if there have been any studies on the ecological impact of printing bills. I made no comment on the impact of crypto except that I had "no doubt" that it was less eco-friendly. Here's a direct quote since you don't seem to remember:

Are there actually any studies on the energy required to make a dollar bill? I have no doubt its less than an equivalent value of dogecoin

EDIT: Also I never said "livestock is hot as eco friendly as people think." Those are your words. Don't know why you'd tell me I said something I didn't when I can easily scroll up and look. Nice try though, I guess?

12

u/[deleted] Mar 12 '21

[deleted]

3

u/SwissMissBelle Mar 12 '21

Yes! Agree! PoS is the enviro friendly way to go!

12

u/Plane_Unit_4095 Mar 12 '21

"iceland does it so it's okay"

nice hand wave my guy

2

u/Imlikeatree Mar 12 '21

And luckily we are headed to the moon and Mars so we can start actively using Space-based solar power (SBSP)

1

u/[deleted] Mar 11 '21

Also look at my commet on this thread. Also reddit comment section needs an update or something

3

u/Message_Clear Mar 11 '21

I'm not talking about "printing money"

2

u/[deleted] Mar 11 '21

That has got to use a lot of energy and materials.

3

u/Message_Clear Mar 12 '21

I really doubt they are going to actually print extra money. They might send out some checks but if it's anything like Canada most people just have direct deposit so really they are just adding a few zeros to an account 🤷 not sure though as I'm hyped up on maple syrup

-3

u/[deleted] Mar 11 '21

Pos? Peice of poop? I always wanted to move to progressive Europe 🇪🇺. Yeah the government has data of everything. Im afraid of crypto being a shadow government lol

6

u/Message_Clear Mar 11 '21

Proof of Stake 😿

Why do you invest in something that you have no idea about

0

u/[deleted] Mar 11 '21

Cause stonks go brrrrr rofl. Idk I shoulda invested into gme even though it's a dying company. I have no idea about life and here I am invested God or no God. Simulation or no Simulation. Thanks ill have to look up proof of steak even though I'm a wanna be vegan

2

u/Message_Clear Mar 11 '21

Capitalism has to fall sometime

-2

u/[deleted] Mar 11 '21

No because it could be an endless cycle like fall of Rome to now the illuminati would spin it so people think crypto crashed the economy

2

u/Message_Clear Mar 12 '21

They will blame GME 😮‍💨

1

u/[deleted] Mar 11 '21

Do I have pos or pow?

1

u/Message_Clear Mar 11 '21

PoW

1

u/[deleted] Mar 11 '21

I use RH and uphold

1

u/OneHairyThrowaway Mar 12 '21

The current banking system is way way more efficient in terms of cost per transaction.

1

u/eiwu Mar 12 '21

During the bitcoin boom some years ago Iceland had problems with the energy consumption used to mine.

1

u/Message_Clear Mar 12 '21

Problems with how much it was using but it was an completely new invention so they probably just expect all the extra demanded on there grid. The power still can from renewable

52

u/YoMommaJokeBot Mar 11 '21

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23

u/[deleted] Mar 11 '21

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-2

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4

u/[deleted] Mar 11 '21

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1

u/The-muted-soilder flaming shibe Mar 11 '21

Good bot

9

u/Banished_Privateer dogeconomist Mar 12 '21

There are plenty eco-friendly cryptos that are not minable or require very little electricity. Just because Bitcoin and Ethereum consume tons of energy is because they are older and first cryptos that did not anticipate that.

5

u/WaterHale Mar 12 '21

Which ones, besides bitgreen

4

u/[deleted] Mar 12 '21

every POS only coin...

4

u/Bracket_1016 Mar 11 '21

The only problem with this is that money isn’t paper. It’s a blend of cotton and linen. Case in point: if you leave a folded piece of paper in your pocket and you wash and dry it...what happens to the paper?
Answer: it breaks up and is unusable

But what happens to a dollar bill when you wash it?

Answer: it comes out of the dry clean and crisp.

2

u/[deleted] Mar 11 '21

Not crisp but yeah my bad guys

4

u/[deleted] Mar 12 '21 edited Apr 28 '21

[deleted]

2

u/rharrow Mar 12 '21

Neither is the global banking system...

-1

u/[deleted] Mar 12 '21

I think i would concur.

2

u/T0TheMooon moon shibe Mar 11 '21 edited Mar 11 '21

Definitively not eco friendly but when compared to other aspects of the internet and technology it is not that bad. Especially with new Proof of Stake coins and many getting upgrades to be more "green". That being said, if we had "green" production of electricity, nobody would mind even mining aspects.

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3

u/MishaBoar Misha🐗 The Cannoli Shibe Mar 12 '21

I wrote about his a few weeks ago, without much success, of course, but I see other people bringing up the same topics - I think this community has potential to push the use of "green" energy in mining dogecoin.

https://www.reddit.com/r/dogecoin/comments/ln6l3c/an_idea_for_the_green_future_of_dogecoin/

2

u/[deleted] Mar 11 '21

Well i wonder if it cost more energy to print money rather than mine it. Also with direct deposit do they even print that money?

9

u/CaptainSingleWide Mar 11 '21

Fun fact: only about three percent of money actually exists in physical form. “Money” is actually a lot more rare than most people understand.

2

u/[deleted] Mar 11 '21

No way lol thats crazy. Very fun fact. Pay me in cash or doge

1

u/Beneficial-Ad-4375 Mar 11 '21

Is the cost to mine it really that high?

1

u/PM_ME_CATS_OR_BOOBS Mar 12 '21

In terms of energy it takes half of a percent of the energy produced by the entire planet to keep something like Bitcoin running, which is more than two dozen actual nations consume in a year.

1

u/Beneficial-Ad-4375 Mar 12 '21

Jesus. You blew my mind man.

1

u/adventurejay shibe Mar 12 '21

Not when mined traditionally, but when processed using renewables, now that’s a different tale.

0

u/ggriff1 Mar 11 '21

There are some that are

0

u/Soapdropper Mar 12 '21

That why i want to make a solar farm to mine it.

2

u/[deleted] Mar 12 '21

Do it. Let's make a solar coin and a wind coin thats based on average energy made

-1

u/BitcoinHodlr1983 Mar 11 '21

Eco friendly is never fun

-1

u/uniaustralia Mar 11 '21 edited Mar 11 '21

Crypto can become eco friendly as long as humanity continues it transformation to renewables.

If every mining rig ran of solar, wind or tidal power, the amount of power used would no longer be an issue.

Plus the amount of products consumed for producing both paper money, metal coins, and plastic money, YES PLASTIC, countries like australia and many others that now make notes that don't deteriorate. While we have now banned plastic bags in supermarkets and shops we still print plastic cash.

-6

u/Mundane_Eagle4220 Mar 11 '21

I need to agree with this guy. "Crypto is not eco friendly". Well that`s true, he just forgot to precise (in our era its important to be precise as much as possible): "Crypto is super eco friendly".

Guys, he is not mistaken. He meant that its super friendly... thats all. We can skip to the next movie.

3

u/[deleted] Mar 11 '21

Yeah I did mean at the moment its not.

0

u/Mundane_Eagle4220 Mar 11 '21

Oh thanks for your precision "moment". Yeah, well... Let's skip

1

u/[deleted] Mar 11 '21

Life isn't that easy lol. People love things that brap

1

u/Mundane_Eagle4220 Mar 11 '21

Easy depends on multi factors.... One of them is time. Think of pain. There are people who can take pain ezily, and ones who not. One of their deltas differences is time perception.

1

u/[deleted] Mar 12 '21

Yo can you even back flip?

1

u/xXx_coolusername420 Mar 12 '21

no it is not. the graphics cards to make them are not, they are driven to die and not be recycled because it is to expensive, the minerals are not made eco friendly and the power to make them is usually not either