Quote from: willmoss on April 25, 2011, 10:23:05 PM

Rofl.

IMO, its not like theres a shortage of energy, just in certain countries.

For example, Iceland is brimming with energy, has loads of hot springs and stuff, and way too much electricity. Similarly Iran (apparently) because of all the oil they burn. Yet California can't get enough.

I think the problem is not a lack of energy but distribution of it.

So to that point, I guess Bitcoin miners should be concentrated in places with an abundance of energy. And I suppose the free market forces will make sure that this happens.

BTW, as a side note I think that the solution to the 'energy crisis' is better infrastructure, so that we can have say a country like Iceland exporting its energy to say the US.

That energy can then be used in different forms, eg. Hydrogen for cars, Electricity for houses, etc. etc.

Thus replacing oil and solving the world's energy crisis. Simple, lol

Maybe you are just generalizing, maybe not. I don't live in California, nor have I ever faced an energy crisis. Energy is super cheap because we burn coal and the US as a whole does not charge the true cost of burning coal in its energy expenses. Thus, we have super cheap electricity but will not be able to pay for the end results of climate damage.

You seem to miss the point. It is not the distribution of energy, it is the USE of energy that is the issue.

How would you suggest we import energy from Iceland? Currently, all energy imports are in the form of oil. There must be a storage mechanism or a potential/thermal difference in order to transfer energy.

The world has an energy crisis because we of the effects it is having on the environment, not necessarily due to shortages.