Mining and its impact?

[Hasan Raza]

Dear friends these days I am much hearing about Pi network mining and many more. I couldn't understand yet that what is mining and what are its imoact on your life? Can anybody explain it to me?

 

[Eren Jaeger]

Through high rates of electricity consumption and emission, Bitcoin mining and trading might hinder government attempts to conserve energy and combat climate change. By failing to regulate these overlooked costs to the environment, nations are practically subsidizing the polluters at public expense.

 

[Quert]

The Environmental Effect of Cryptocurrency Mining Researchers estimate that crypto-mining will generate 3-15 million tons of global carbon emissions depending on the energy source. ... Coal energy sources deliver costs up to 30 percent lower than industrial firms' average energy usage prices.

 

[Mawome]

The impact in terms of electricity is not all that palatable, it consumes electric more than everyother machines, it doesn't share electric transformer with other appliances and it's power intensive, that is major problems and that's why the government always talk against it.

 

[Kehinde]

Across the world, mining contributes to erosion, sinkholes, deforestation, loss of biodiversity, significant use of water resources, dammed rivers and ponded waters, wastewater disposal issues, acid mine drainage and contamination of soil, ground and surface water, all of which can lead to health issues in local.

 

[WhiteHouse]

Bitcoin mining is the cycle by which exchanges are confirmed and added to the public record, known as the square chain, and furthermore the methods through which new bitcoin are delivered. Anybody with admittance to the web and appropriate equipment can partake in mining. The mining cycle includes accumulating late exchanges into squares and attempting to settle a computationally troublesome riddle. The member who initially settles the riddle will put the following square on the square chain and guarantee the prizes. The prizes, which boost mining, are both the exchange charges related with the exchanges ordered in the square just as recently delivered bitcoin.

 

[Xerryl]

The impact in terms of electricity is not all that palatable, it consumes electric more than everyother machines, it doesn't share electric transformer with other appliances and it's power intensive, that is major problems and that's why the government always talk against it.

Yea, especially ant miners. I heard there are tokens that are minable with PC.

 

[Shigobad2020]

Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, ree
can pollute air and drinking water, harm wildlife and habitat, and permanently scar natural landscapes. Modern mines as well as abandoned mines are responsible for significant environmental damage throughout the West.

 

[Onachukwu]

Mine exploration, construction, operation, and maintenance may result in land-use change, and may have associated negative impacts on environments, including deforestation, erosion, contamination and alteration of soil profiles, contamination of local streams and wetlands, and an increase in noise level, dust

 

[Mawome]

Yea, especially ant miners. I heard there are tokens that are minable with PC.

Yeah you can get some token with PC, but I tell you it doesn't worth trying, before now Bitcoin is minable through PC, but it's no longer like that anymore, though you can get Bitcoin through some mining app or some websites that pays you, I mean legit website that are out for business.

 

[Jimmie150]

The importance of cryptocurrency mining can not be over emphasized because it has great role in promoting this coins and also circulating them all over. There are lots of coin out there in the market that one can mine.

 

[Patrik]

it has a big impact on the environment as mining is completely based on graphics cards usage that consume lot of power, which means more electricity usage that leads to more pollution

 

[Good-Person]

As far as Pi coin is concerned, it is one of those coins that has not made its way to any exchangers and it is not listed in the database of registered coins in any blockchain. Right now it has no value but it might be valueable in the furture.

 

[mcjerry]

Dear friends these days I am much hearing about Pi network mining and many more. I couldn't understand yet that what is mining and what are its imoact on your life? Can anybody explain it to me?

Mining is an act of generating new coin by using some means like phone, compute and more. This will help the availability of coin to the people and also aid in business

 

[Nurudeen]

Mining is a process that allows you to get a coin without you having to pay for that particular coin. Pi coin is definitely a good coin to mine as at now and that is what I'm also doing

 

[Yusuf]

With the pi network mining system you just have to download the mobile app from playstore and start mining the coin every 24 hours. That is how it works and you get a free coin

 

[Kingstone]

If you are talking about the pi network that will be launched in some time to come, I think it's good to keep mining for them on your mobile phone. But the general BTC mining can be damaging to the ecosystem. But it increases the amount of coin available

 

[Justin]

If you can actually receive rewards, mining can uplift your life as it is is passive earning method. But I m not sure about pi mining because I hear that the coin is still not trade able.

 

[Sotherefore]

We don't really have much information about their progress now , but since they don't require money for the mining process I believe you can continue mining the coin , even if they are not profitable you still wouldn't have anything to lose.

 

[HayKay]

Please do not waste your time in trying to mine that currency that's being paraded as Pi. It's wasting time and efforts
The thing about mining is that it allows you to accumulate more coins through means that the networks provided.