Post
Topic
Board Economics
Re: Energy Consumption of the Bitcoin Network
by
halfawake
on 13/07/2014, 21:35:58 UTC
RE: Huge Opportunity That Bitcoin Is Perfectly Suited For - When you start to look beyond the traditional constraints of the existing grid and fuel transportation networks you will find that Bitcoin is perhaps one of the best suited technologies to leverage abundant energy resources that are hiding in plain site. Rather than spoil it by elaborating too soon I am curious to know if any of you smart people know what I am referring to. Anyone?

An easier option than these super advanced solar beaming technology would be to have people in the Dakotas build wind turbines and host miners on behalf of other people.  The Dakotas have been described as the Saudi Arabia of wind and have the potential to generate enough power to power the entire United States.  The catch is, of course, that being ridiculously cold much of the year, almost no one lives there and much of the power generated would likely be lost to power line inefficiencies.  But the turbine powered miner technique wouldn't have this problem as the product being sent elsewhere would be bitcoins, not power, which wouldn't require the creation of a whole new system of power lines.

It's definitely a potential market for anyone who lives in this area.  They could even use the miner as a space heater during the winter months.