it's not easy to convince market in to buying or selling spree any more, not with 10-20k btc

Hello.
It's not related to cold storage this time, but a technical problem that happened unnoticed. Will be fixed in a couple of minutes, sorry.

A heat pump doesn't CREATE heat.  If it did it could never have more than 100% efficiency.  A heat pump MOVES heat.  There is significant heat outside the home.  Even in 0C air there is thermal energy.  The only temp that has no thermal energy is absolute zero.

If a heat pump burned fuel or turned electricity into heat via resistance its max efficiency would be 100%.  You can't get more heat/energy than what existed in the fuel/electricity to begin with.

However as a pump it can pump in huge amounts of outside energy for a small amount of energy and thus achieve >100% efficiency.

The theoretical max efficiency for a heat pump varies by the difference is desired source (outside) & sink (inside) temperatures.  For 10C outside and 35C inside is ~1200%.  The highest efficiency units available for purchase are ~500%.

As energy becomes more scarce/expensive expect heat pumps to replace furnaces.  With technology we potentially could have 600%, 750%, 800% efficiency heat pumps someday.  A furnace simply can never be more than 100% efficient (due to law of conservation of energy).

As for why couldn't you use that energy to power the device.  the thermal energy in your house is not very concentrated.  The less concentrated an energy form is the more difficult it is to convert into another form.  For example a thermalcouple can directly convert heat into electricity but it is usually less than 1% efficient.  For 100 units of heat energy = 1 unit of electrical energy.

BTW:
Air conditioners, refrigerators, freezers are all heat pumps they are simply one way heat pumps.  A residential "heat pump" can pump heat into or out of the house.



Some people don't understand the law of conservation of energy.

If you have 100 units of energy outside the home and 10 units inside and I move 20 of those units inside via a "pump" (a energy/heat pump) then the end state is 90 units of energy outside and 20 inside.  No energy was created or destroyed.  Energy was simply moved.

I think I know what the problem is. Would you mind sending me your account login to support@intersango.com? The front-end of the site is simply display, but internally everything should be fine.

Thanks.

We're the only long running exchange that hasn't been compromised (formerly Britcoin), are based in London with a development team. Our group (Bitcoin Consultancy) is also actively involved in developing other areas of bitcoin, operates other services and is working with merchants.

Our about us: https://intersango.com/about-us.php

Our development's group website: http://bitcoinconsultancy.com/

We were the ones just at SWIFT's (the messaging network used for international bank transfers) SIBOS conference on the future of banking discussing how bitcoin could be used to improve international transfers.

So we're pretty much heavily invested in bitcoin for the long term. The purpose of our group is to hire people to work full-time on furthering bitcoin.

Lower than 4.18? Bluff?

Which exchange this time?