Quote from: ajareselde on February 05, 2015, 08:26:03 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.

When u put it that way it makes sense, but those devices will continue to exist regardless of bitcoin or any other alternative payment processor.
Actually bank ATM machines would be replaced with bitcoin ATM-s , so there is no progress there.

All i am saying is that bitcoin needs to get better power/hash ratio, and lower total consumption massively before it can be called energy saving technology.
But in the end , that's only my opinion.

cheers

Yes. I agree totally. Lots of waste of energy. Let's see if the big boys can do something about it first, if they care to...