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Author Topic: Does bitcoin have an electrical footprint ?  (Read 1188 times)
Anonymous
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March 01, 2011, 01:46:52 AM
 #1

http://en.wikipedia.org/wiki/Smart_meter

Quote
A smart meter is usually an electrical meter that records consumption in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing purposes. [7] Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting.

The government here is forcing all householders to install "smart meters" into their homes. There is nothing you can do to refuse and they charge you $400 or so on your bill for this "service" which will allow them to monitor your electricity usage remotely.

The point is would they be able to tell if someone is mining bitcoins simply from their electricity usage in relation to a computer being left on and  send you friendly reminders to switch it off or more harsh measures if you ignore the demands to do so ?

Things to ponder....

Quote
Marijuana plants apparently need a lot of sunshine to grow. So, anyone attempting to cultivate weed inside their homes typically end up having to use plenty of high-wattage light bulbs. One result: the energy consumption of such homes tends to be between three and five times higher than comparably-sized homes in the same area.
So, by subpoenaing the utility records of suspected growers, police apparently can quickly figure out if they have enough probable cause for further investigation.

and it gets worse....

Quote
The technology is designed to let power companies better manage energy consumption and demand. It is also designed to help consumers gain better visibility into their energy consumption habits so they can weed out costly energy usage habits. Smart-metering technologies, when fully deployed, will be able to capture energy-use related information from individual appliances inside a home.
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Anonymous
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March 01, 2011, 01:52:56 AM
 #2

Two words:

Solar Panels

They'll be cheap enough eventually.
Anonymous
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March 01, 2011, 04:16:10 AM
 #3

Two words:

Solar Panels

They'll be cheap enough eventually.

You would need a lot of space to make them effective. Unless you move to the desert and intend to run airconditioners all year round which sort of defeats the purpose.
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March 01, 2011, 04:35:22 AM
 #4

You would need a lot of space to make them effective.
They're also getting more efficient. You could always just connect a generator to a stationary bike. How about a BTC4Fat mining pool?

Use my Trade Hill referral code: TH-R11519

Check out bitcoinity.org and Ripple.

Shameless display of my bitcoin address:
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Neereus
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March 01, 2011, 04:40:55 AM
 #5

Two words:

Solar Panels

They'll be cheap enough eventually.

You would need a lot of space to make them effective. Unless you move to the desert and intend to run airconditioners all year round which sort of defeats the purpose.

The technology has actually improved quite a bit and usually don't take up to much room (depending on requirements). The cost however are prohibiting for most people. Think last I checked it was 10-25k USD depending, again, on requirements.

Even a small panel can at least offset costs enough to make mining less expensive.

Donate (even 0.01 BTC) to my Robot Fund:
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March 01, 2011, 05:24:52 AM
 #6

I have a smart meter. It's free, it provides daily measurements of my energy usage, and it has no way of distinguishing between appliances.

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LVBX is down indefinitely, so use CoinPal. Sorry.
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