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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin an insurance in case BigBanks fail again?

on: February 05, 2014, 11:58:26 AM

Quote from: FandangledGizmo on February 04, 2014, 09:37:43 PM Always closely inspecting but never watching his own back... it looks like me!

Bitcoin / Bitcoin Discussion / Is Bitcoin an insurance in case BigBanks fail again?

on: February 04, 2014, 09:07:50 PM

I hope you can prove me wrong, but if bigbanks would fail the coins could be a safe haven. and the price of all coins will grow exponentially..........................................................

Bitcoin / Bitcoin Discussion / Re: Tax on mining due to climate change.

on: February 03, 2014, 06:56:18 PM

Quote from: Mr. Socko on February 02, 2014, 11:06:03 PM mined coins will be gone within 2 years so the point is moot... except for perhaps bitcoin... Thanks for the hint! ;-)

Bitcoin / Bitcoin Discussion / Re: Tax on mining due to climate change.

on: February 02, 2014, 10:50:12 PM

yes bee7, i was cynical.

Bitcoin / Bitcoin Discussion / Re: Tax on mining due to climate change.

on: February 02, 2014, 10:15:18 PM

Quote from: bee7 on February 02, 2014, 09:18:16 PM Quote from: emergingcoin on February 02, 2014, 03:46:35 PM Aha, so all windmills will be used for bitcoin mining. That is a stupid future. I mean this energy problem could really harm the bitcoin. This is stupid delusion. Quote from: bee7 on November 25, 2013, 03:29:21 AM Quote from: SquashJ on November 25, 2013, 03:15:27 AM While it's true that printing money and manufacturing coins takes a lot of resources, some have criticized Bitcoin for consuming resources unnecessarily. According to the ATM Industry Association there are about 2.5 million ATMs installed in the World presently. Let's think that the most time each ATM consumes 100W (definitely not less than 100W as it is not a simple motherboard with just a CPU installed). This means all ATMs are consuming 6000MW a day at least. Most time they are doing nothing but waiting for a customer. Is it a waste of the resources or useful spending? update to my post cited above: the ATMIA withdraw the page I linked to. Here is some replacement: https://www.atmia.com/news/?detail&id=154 The present network power is 19,303,048.14 GH/s according to blockchain.info. Assuming that modern mining equipment draws 1W per Gh the whole bitcoin network consumes 463.27315536 MW a day. Well, if the bitcoins is here to stay....the exponential growth (GH/s) will ultimately be 20.000MW in the year 2017 allready. https://blockchain.info/nl/charts/hash-rate Good luck bitcoin! If we keep believing it will happen indeed!

Bitcoin / Bitcoin Discussion / Re: Tax on mining due to climate change.

on: February 02, 2014, 09:01:54 PM

Well, If the Panda or the IceBear get into trouble and the bees have problems to reproduce and the farmers can not grow their crops and the volume of ice has dropped by 90% since 1970 (not the area, this only 40%). etc. etc. etc. its not a joke!

Bitcoin / Bitcoin Discussion / Re: Tax on mining due to climate change.

on: February 02, 2014, 04:14:57 PM

Wow, thanks for the answer. Then the next logical question will be: what needs to happen for some organisation to push this global tax higher on the global agenda?? We are entering a future that becomes stranger by the day...

Bitcoin / Bitcoin Discussion / Re: Tax on mining due to climate change.

on: February 02, 2014, 03:46:35 PM

Aha, so all windmills will be used for bitcoin mining. That is a stupid future. I mean this energy problem could really harm the bitcoin.

Local / Meetings (Nederlands) / Re: Bitcoin meeting Nijmegen donderdag 30 januari bij café van Ouds

on: February 02, 2014, 03:28:29 PM

Jammer dat het tot nu toe alleen blijft bij lokale initiatieven. Zal het ooit 'mainstream' worden? die bitcoin?

Bitcoin / Bitcoin Discussion / Tax on mining due to climate change.

on: February 02, 2014, 03:20:46 PM

A special climate tax in the comming years will spoil the bitcoin market. Electricity needs will skyrocket. So will the tax on electricity. This is a logical scenario?

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