Well, the heaters are just one thought. But I think there is more to the thought of commoditization (e.g. longer and longer development circles for ASICs). BTW: I don't see mining centralization as a big problem. There is always competition by other crypto-currencies to balancethings in Bitcoin.

Let's get to the heat waste discussion: Maybe it would be possible to gain back some energy by using Stirling engines. https://en.wikipedia.org/wiki/Stirling_engine

...
P.S. If you wanna talk about particulars of utilizing waste heat, I'll be glad to.

P.P.S. LOL, HE'S the bro behind "That is why we are building a bitcoin miner that fits inside a water heater."
I remember when IceDrill was selling us stories about their farm providing heat for apartment complexes

If I remember right, there is even a paper written on this topic. But for the start, this should work: https://www.reddit.com/r/Bitcoin/comments/2o71hh/physics_and_economics_will_distributed_mining_im/

^that govy shill never stops spewing his shit all over the place uh?

debunking all the conspiracies and pushing for bitcoin fork along with the beanies babies..

how about you pay a visit to MMM forums and take a break from here, you seems quite nervous lately < snip>

...
OMG - you envision a fee market (long before it's neccessary), but you can not see the commoditization of mining equipment hence re-decentralization of mining!?

If we can't again achieve distributed mining, then the only thing left for me to do is try to find the best possible exit point to divest.

We are a gnat to the PRC. If we ever grow to the size of a horsefly, we will get swatted and we've given them the best possible flyswatter: >50% of mining hardware.

If there are cell towers 200 miles from Gnome, Alaska, I am not aware of it.
...

My interest is in how many mined coins are sold. If an exchange owns a mining firm, then those coins will go into stock, and will only be sold if demand is there. If a pension fund owns a mining farm so that it can obtain coins at a discount, then those coins won't hit the market. If miners decide that returns are low, and sell their business to a pension fund, then that will withdraw those coins. Obviously there are many more possibilities. With the current value of Bitcoin, the halving is probably going to change the supply chain for Bitcoins.

I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same 

Originally and all the way up through the GPU era, mining was something that could be done profitably part time, so taking advantage of off-peak cheap electricity was an excellent use case. Now however, miners are so damn expensive, that if they are not running 24/7 you can run a real risk of never being able to recoup your capital investment.

It is a race to break even before your miners are obsolete, halving cuts revenue, or the market crashes. I guess if you live somewhere cold, you could still run obsolete miners as a space heater, sell them as a curiosity or mine some altcoin with a SHA256 hashing protocol and a much lower difficulty, but other than that, it's a race.  

WE HAVE A CHICKEN AND EGG PROBLEM. Miners outside of China are reluctant to invest substantially in new mining gear because they face an uphill battle competing with Chinese mines with electricity and labor cost advantage.

Miners are also reluctant to build up because the code development uncertainty and scaling uncertainty.  It's hard to make long term plans with so many unknowns. So mining concentration may not be corrected until there is code development decentralization.

Then we have the problem that code development centralization (with Core) is an established practice, something that will not be easily changed, if at all.  Miners do not want to switch to Classic or other alternative because they fear (rightly IMHO) that a switch will cause market volatility or an outright crash.
They can't do something even if they know or suspect it is in their long-term best interest if they need to keep mining revenue high enough to pay for their gear operations in a shorter time period.

The vaccine could cause the death of the patient before it cures it. I think this is a risk worth taking, but I'm not a miner. It is up to them.  Without taking the medicine, there is limited potential for growth and price appreciation.

Any miners want to weigh in on this?

lets try to get back on track here.

Questions...

Does Core intend to go ahead with the proposal reached at the roundtable consensus? (segwit ASAP + 2MB HF a year later)

or maybe a better question, did the roundtable have any effect on anything or anyone? has anything changed due to the roundtable?

This weekend, 70 leaders in the Bitcoin and blockchain industry are meeting for a retreat.
[...]

Joshua Zipkin of AMT is a Freemason.
John MacPherson AKA Horus of Cryptsy is a Freemason.

A good man I know here in Sandwich, IL, got the local serial liar (which said good man was well aware of, for he, too, joked at said liar's expense when dude wasn't present) to become a Freemason. BTW, the new Freemason is still the local serial liar - nothing changed except his stories became bigger, including how he (supposedly unknown to others) is fastly advancing through the ranks (leveling up) sharing supposed Masonic secrets while holding court at the local restaurant with the yokels.

...
current gen run 4.73TH at 1293 Watts. And no professional miner pays 12c/kWh. More like 1.5-4 cents.

Launch window opening in a couple of days for Bitcoin Earth to Mars minimum energy transit and escape from the $500 sphere of gravity.

All lights continue to be green.

http://codesuppository.blogspot.it/2016/02/the-lightning-network-is-so-great-that.html

Try to avoid dreaming, wait until it is out for real.

Good question.

I hate advertisements.
< >
Your thoughts?

If you produce 500 pizzas per day, and 1,000 people want pizzas. You don't get rid of the backlog by doubling the size of the pizza. Either you produce 1,000 pizzas per day, or you increase the price so that 500 people buy something else.