Creating Bitcoins without paying for electricity?!

[Max Stirner]

As far as I got it - the price of creating bitcoins depends on investment in hardware and
of course electricity. If this Bedini generator really works than the only investment
you have to do in the near future is the computer hardware because electricity comes for free.

Sounds crazy? I will check this out soon when I have more free time...
the videos and postings I have found so far didn't look so fake to me.
so enjoy these links for your entertainment.

http://www.youtube.com/watch?v=zJySgeSpJpQ&feature=related
http://www.youtube.com/watch?v=nlO8UDsc-Fc&feature=fvw

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[bitcoinex]

This is a joke? You want to talk about "how you can take energy from nothing, using the ten ignition coils"?

Nerds forum very unfortunate place for this

[nelisky]

This is a joke? You want to talk about "how you can take energy from nothing, using the ten ignition coils"?

Nerds forum very unfortunate place for this

No, no. Please disregard bitcoinex completely. I have done it and I can assure you it works! There is, however, a small change that you need to do there, and I'm available to share that with you for 100k coins or it's dollar counterpart. It's a great deal, if you think about it, as you will not have to pay electricity again, and you can even mine for the coins and get your money back in no time!

Just send me the coins/$ and I'll be sure to fedex you all the diagrams to help you on this endeavor!

...

[Max Stirner]

This is a joke? You want to talk about "how you can take energy from nothing, using the ten ignition coils"?

Who knows, I have no clue.  It looks like you need two batteries and one is charging the other one - and
there are some folks who claim that the second battery receives more energy than is inserted from the first
battery. 

Well, build the thing and give it a try!

[SmokeTooMuch]

It looks like you need two batteries and one is charging the other one - and
there are some folks who claim that the second battery receives more energy than is inserted from the first
battery.

Lesson in basic physics:
The amount of energy in a system always stays the same.

and also: WRONG FORUM --> OFFTOPIC

[LZ]

Author, so do you really want that Bitcoin Community has problems because discussions of free energy?
This topic should be closed.

[idev]

Solor power, or hijack and re-route your neighbors power 

[kiba]

Solor power, or hijack and re-route your neighbors power 

I was thinking of using my soda cans as part of a water heater and then engineer a Stirling engine using soda cans so I can power my computer to generate bitcoins! 

[ribuck]

There is one legitimate way to generate bitcoins without increasing your electricity bill. It only works if you are currently using resistive electric heating to heat your house.

In that case you turn off your electric heaters and start up a bank of computers generating bitcoins. The computers perform the computation, then release 100% of the electrical energy as heat, so you get exactly the same amount of electrical heating for your money, but the heat came as the waste product of computation which is then effectively free of cost.

==

On the other hand, the Bedini Motor doesn't generate more energy than it uses. If it worked, don't you think energy companies would be using it to make a killing?

[FreeMoney]

There is one legitimate way to generate bitcoins without increasing your electricity bill. It only works if you are currently using resistive electric heating to heat your house.

In that case you turn off your electric heaters and start up a bank of computers generating bitcoins. The computers perform the computation, then release 100% of the electrical energy as heat, so you get exactly the same amount of electrical heating for your money, but the heat came as the waste product of computation which is then effectively free of cost.

Yep, bitcoin will be a cold weather export :-)

The "financial districts" of the future will be interior room home offices in Canada and Russia, lol.

[bitcoinex]

There is one legitimate way to generate bitcoins without increasing your electricity bill. It only works if you are currently using resistive electric heating to heat your house.

In that case you turn off your electric heaters and start up a bank of computers generating bitcoins. The computers perform the computation, then release 100% of the electrical energy as heat, so you get exactly the same amount of electrical heating for your money, but the heat came as the waste product of computation which is then effectively free of cost.

The problem is that heating by resistor elements is not the most efficient way of heating. Heat pumps are more profitable.

[FreeMoney]

There is one legitimate way to generate bitcoins without increasing your electricity bill. It only works if you are currently using resistive electric heating to heat your house.

In that case you turn off your electric heaters and start up a bank of computers generating bitcoins. The computers perform the computation, then release 100% of the electrical energy as heat, so you get exactly the same amount of electrical heating for your money, but the heat came as the waste product of computation which is then effectively free of cost.

The problem is that heating by resistor elements is not the most efficient way of heating. Heat pumps are more profitable.

I was wondering about that. But where does the energy go besides heat? There isn't any motion or light.

[MoonShadow]

There is one legitimate way to generate bitcoins without increasing your electricity bill. It only works if you are currently using resistive electric heating to heat your house.

In that case you turn off your electric heaters and start up a bank of computers generating bitcoins. The computers perform the computation, then release 100% of the electrical energy as heat, so you get exactly the same amount of electrical heating for your money, but the heat came as the waste product of computation which is then effectively free of cost.

The problem is that heating by resistor elements is not the most efficient way of heating. Heat pumps are more profitable.

I was wondering about that. But where does the energy go besides heat? There isn't any motion or light.

REsistive heating is 100% efficient, but heat pumps are 200% to 350% heat efficient.  They literally pump the heat from a cold space to a warmer space in the way a water pump pushes water from the bottom of the hill to the top; from a lower energy potiential to a higher energy potential.

However, they also lose their advantages quickly with an increasing temp gap, so in colder climates they are not particularly efficient.  They work best in temperate climates that don't spend more than 20 to 30 days below freezing a year.  They wouldn't effect the guy who lives in Canada|Siberia who has to heat his home anyway and has no access to cheaper heat such as natural gas or nuclear municipal heat.  It's this guy that heating with Bitcoin generation that will be generating even when it is not profitable.

[FreeMoney]

Aha, thanks for the explanation.

[bitcoinex]

There is one legitimate way to generate bitcoins without increasing your electricity bill. It only works if you are currently using resistive electric heating to heat your house.

In that case you turn off your electric heaters and start up a bank of computers generating bitcoins. The computers perform the computation, then release 100% of the electrical energy as heat, so you get exactly the same amount of electrical heating for your money, but the heat came as the waste product of computation which is then effectively free of cost.

The problem is that heating by resistor elements is not the most efficient way of heating. Heat pumps are more profitable.

I was wondering about that. But where does the energy go besides heat? There isn't any motion or light.

REsistive heating is 100% efficient, but heat pumps are 200% to 350% heat efficient.  They literally pump the heat from a cold space to a warmer space in the way a water pump pushes water from the bottom of the hill to the top; from a lower energy potiential to a higher energy potential.

However, they also lose their advantages quickly with an increasing temp gap, so in colder climates they are not particularly efficient.  They work best in temperate climates that don't spend more than 20 to 30 days below freezing a year.  They wouldn't effect the guy who lives in Canada|Siberia who has to heat his home anyway and has no access to cheaper heat such as natural gas or nuclear municipal heat.  It's this guy that heating with Bitcoin generation that will be generating even when it is not profitable.

In colder climates heat exchanger is installed where temperature is always high - in the well depth of approximately 200 meters.  Heat pump always profitable in operation but not always given the complexity of installation.