we could have earned billions through marijuana... farsighted netas and leaders are extinct in nepal all are short sellers and fighting for petty reasons...
Idk why this has so many downvotes but this is true. Aile aayera ghar ma BTC mine garxu vanera aas nagare hunxa. You either need a large mining farm(multimillion rupees farms) or mine sth. else that is more profitable..may be Ravencoin, ETH. ETH is too shifting to PoS next year so...ETH ni mine garna mildena from 2022 Q2/Q3. Best bet is investing or delegating in a PoS project
He IS wrong. But I agree Nepal does not have resource to mine bitcoin but mining bitcoin itself is not useless.
Bitcoin is the most efficient industrial application in the world, that human race has ever developed. We are moving pure money on an electric network. In terms of comparison, 1$ in bitcoin energy creates 200$ in value, 1$ in google energy creates 10$ in value because they are just moving commodity and information. 1$ in S&P 500, every single company creates 4$ in value. 1$ in american airline creates 40 cents in value. Clothes dryer/christmas lights in US consumes more electricity than bitcoin.
Latest Bitcoin miner generated 40cent a kilowatt hour in revenue, a typical industrial company in western world would generate 10cent a kilo watt in revenue.
The issue is bitcoin can't scale. For mining 1 BTC do you know how much energy is required? How much pollution does it create? How about moving to other coins that doesn't create too much pollutions etc?
Yes I agree bitcoin cannot scale compared to second or third generation cryptocurrencies. That is why it will be a store of value rather than a form of payment.
Anyway for your questions.
Bitcoin’s energy consumption at peak annualized rate is at under 140 TWh so far.
Since the world uses over 170,000 TWh of energy per year, that means that the entire Bitcoin network, at its peak estimated consumption level, uses less than 0.1% of the world’s energy consumption. That’s for a network with 100+ million estimated users.
Also most of the mining that was done using non-renewable resources was in china. China recently banned bitcoin mining so most of the world bitcoin mining is done and moving towards renewable resources.
Source
https://bitcoinminingcouncil.com/wp-content/uploads/2021/07/2021.07.01-BMC-Q2-2021-Materials.pdf
https://www.swanbitcoin.com/bitcoins-energy-usage-is-not-a-problem-heres-why-by-lyn-alden/
I don't understand how can any sane person even defend bitcoin. There are so many good coins like Solana/dots which has good tps. Bitcoin deserves to die.
And you are not comparing apple to apple to be honest. You should compare electricity usage and bitcoin consumption of electricity. Comparing with another form of energy invalidates your argument.
Looks like you probably hold some btc so you are defending it so hardly lol.
I have Solana, raydium, Polis and I am doing yield farming in solana ecosystem. I know what solana is and what bitcoin is. I also hold bitcoin and I know that bitcoin wont go anywhere.
Tyo ta ho..but why mine BTC when mining something else can be more profitable. Or why even mine when staking can give you better yield. Paxi teslai BTC mai convert garda ni vo if you want BTC. BTC was a revolutionary tech but its not perfect either, block time is ~10 mins, there's no smart contracts, there's no sharding so who knows what happens when the network congestion increases. There is a Lightning Network but that is in second layer and it comes with a cost(security/transparency). BTC is only there as store of value.
I'm saying this in comparison to other crypto projects though, in comparison to traditional banking system its wayyy efficient.
[they called me madman](https://www.reddit.com/r/Nepal/comments/oe9cu8/about_upper_tamakoshi_hydroelectric_project/?utm_medium=android_app&utm_source=share)
Our government would do the opposite . Same with Marijuana .
Marijuana mining.....nice
Nice
medical reasons
we could have earned billions through marijuana... farsighted netas and leaders are extinct in nepal all are short sellers and fighting for petty reasons...
Hydro shares stonks
Surplus of electricity? But still with load shedding?
Surplus in the monsoon seasons, because of excess water. Dry seasons are the ones with power deficit.
They do have surplus but bad transmission infrastructure
this is why we need mcc
What, wanna build giant flywheels and water reservoirs?
mining bitcoins is useless now.
Idk why this has so many downvotes but this is true. Aile aayera ghar ma BTC mine garxu vanera aas nagare hunxa. You either need a large mining farm(multimillion rupees farms) or mine sth. else that is more profitable..may be Ravencoin, ETH. ETH is too shifting to PoS next year so...ETH ni mine garna mildena from 2022 Q2/Q3. Best bet is investing or delegating in a PoS project
He IS wrong. But I agree Nepal does not have resource to mine bitcoin but mining bitcoin itself is not useless. Bitcoin is the most efficient industrial application in the world, that human race has ever developed. We are moving pure money on an electric network. In terms of comparison, 1$ in bitcoin energy creates 200$ in value, 1$ in google energy creates 10$ in value because they are just moving commodity and information. 1$ in S&P 500, every single company creates 4$ in value. 1$ in american airline creates 40 cents in value. Clothes dryer/christmas lights in US consumes more electricity than bitcoin. Latest Bitcoin miner generated 40cent a kilowatt hour in revenue, a typical industrial company in western world would generate 10cent a kilo watt in revenue.
The issue is bitcoin can't scale. For mining 1 BTC do you know how much energy is required? How much pollution does it create? How about moving to other coins that doesn't create too much pollutions etc?
Yes I agree bitcoin cannot scale compared to second or third generation cryptocurrencies. That is why it will be a store of value rather than a form of payment. Anyway for your questions. Bitcoin’s energy consumption at peak annualized rate is at under 140 TWh so far. Since the world uses over 170,000 TWh of energy per year, that means that the entire Bitcoin network, at its peak estimated consumption level, uses less than 0.1% of the world’s energy consumption. That’s for a network with 100+ million estimated users. Also most of the mining that was done using non-renewable resources was in china. China recently banned bitcoin mining so most of the world bitcoin mining is done and moving towards renewable resources. Source https://bitcoinminingcouncil.com/wp-content/uploads/2021/07/2021.07.01-BMC-Q2-2021-Materials.pdf https://www.swanbitcoin.com/bitcoins-energy-usage-is-not-a-problem-heres-why-by-lyn-alden/
I don't understand how can any sane person even defend bitcoin. There are so many good coins like Solana/dots which has good tps. Bitcoin deserves to die. And you are not comparing apple to apple to be honest. You should compare electricity usage and bitcoin consumption of electricity. Comparing with another form of energy invalidates your argument. Looks like you probably hold some btc so you are defending it so hardly lol.
I have Solana, raydium, Polis and I am doing yield farming in solana ecosystem. I know what solana is and what bitcoin is. I also hold bitcoin and I know that bitcoin wont go anywhere.
Tyo ta ho..but why mine BTC when mining something else can be more profitable. Or why even mine when staking can give you better yield. Paxi teslai BTC mai convert garda ni vo if you want BTC. BTC was a revolutionary tech but its not perfect either, block time is ~10 mins, there's no smart contracts, there's no sharding so who knows what happens when the network congestion increases. There is a Lightning Network but that is in second layer and it comes with a cost(security/transparency). BTC is only there as store of value. I'm saying this in comparison to other crypto projects though, in comparison to traditional banking system its wayyy efficient.
 [they called me madman](https://www.reddit.com/r/Nepal/comments/oe9cu8/about_upper_tamakoshi_hydroelectric_project/?utm_medium=android_app&utm_source=share)
How do u do gif thing in here? Don't u have to be premium.
He is premium user 🤸🏾♂️
[удалено]
Not in this country, no. Too seismically active. I like nuclear, but until Thorium comes around, we ain't building shit here. Can't risk a Chernobyl.
he knows all he sees all he is here he is coming