Bitcoin Forum
December 10, 2016, 08:56:30 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: New service idea : sell energy for bitcoins  (Read 597 times)
f41lover
Jr. Member
*
Offline Offline

Activity: 51


All your random numberz 'r belong to us


View Profile
July 30, 2011, 11:46:32 AM
 #1

This business would only be possible in legislations that already have a free energy market and would, in the long run, benefit the environment, by encouraging investments in renewable energy.

Let's name an hypothetical company operating this business 'Bitenergy'.

There are countries that have a Feed-In tariff See http://en.wikipedia.org/wiki/Feed-in_Tariff allowing users with power productions abilities to sell the energy they produce in excess and do not use.
Typically users that benefit from this kind of program are those who have a solar panels array at home or wind generator.

The business model is basically the following :

Users with excess power sell said power (measured in kW/h or whatever) to Bitenergy for bitcoins at a given kW/h/btc conversion rate.
Bitenergy measures power it buys with a (supplied by Bitenergy ) tamper-proof wall power meter, at the users site.
Bitenergy re-sell power to any entity for a profit.  

Trust no one.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!