Ninjastic
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Re: Bitcoin as a Driver for Free Energy
by
jaysabi
on 05/02/2015, 20:22:50 UTC
Quote from: bmarch on February 05, 2015, 08:15:26 PM
Quote from: Wilikon on February 05, 2015, 07:46:54 PM
Quote from: ajareselde on February 05, 2015, 04:08:16 PM
Quote from: bmarch on February 05, 2015, 01:13:13 AM


The following is an article I wrote that argues how free energy devices might be developed more quickly now thanks to Bitcoin. I'm hoping to forward these ideas in some way. I hope it's a shared interest in this community as well


I see your point, but the bitcoin itself is insane dump on energy resourses (@ time of writing Network power consumption
2513.31 MW) , and as such its hardly driver for free energy.
Wouldn't some POS coin be more optimal choice?


Network power consumption, compared to facebook's, google's, apple's, the pentagon's, and all the ATM machines around the globe being used 24/7? How about those millions of tons of soil being moved everyday for rare earth elements for smartphones, then shipped into containers around a global physical network?

Insane indeed.






Free energy is supposed to take electricity from static in the air. So how much of it getting consumed by the network afterwards probably won't be a concern like it is with burning oil or coal.

There's no such thing as free energy. If someone invents a machine that creates energy from the static in the air (assuming this is even possible and viable), he has created a machine with value. Why would he give it away for free? He would either sell the machine or more likely license the technology or sell the power. Similarly, the sun blankets us with "free energy" but unless you can manufacture solar panels, you're going to need to buy them from someone who can. And those people are going to sell the panels to you or sign you to a PPA (power purchase agreement) to provide you with the energy for a price, not give it to you for free. So there will never be free energy, because energy has value, and the people who can produce it or the means to harness it will never be interested in giving it away for free, because that makes no economic sense at all.