Solar powered Bitcoin mining!?

[Trance]

http://gizmodo.com/the-worlds-largest-solar-plant-started-creating-electr-1521998493?utm_campaign=socialflow_gizmodo_facebook&utm_source=gizmodo_facebook&utm_medium=socialflow

 

[Come-from-Beyond]

Every kWh spent for useless hashing == one kid suffering from malnutrition

[CryptoPanda]

yeah but it's pretty cool, you have to admit?

[proton]

And it costs 2.5 times more than average.

What about bio-powered bitcoins?

[Pentax]

I've looked into the this.  problem is that solar is less cost efficient that electricity coming through your socket, most of the time.

Now, power generated by a water turbine, if you have access to moving water, is another story altogether.

there are a handful of different types of alternative energy, although I still haven't found anything that is more cost effective than power coming in through the sockets already.

could be wrong and if anyone has any bright ideas, I'm all ears. 

[DannyHamilton]

Every kWh spent for useless hashing == one kid suffering from malnutrition

Sure, but what about the kWh that are spent for useful hashing?

[Trance]

Every kWh spent for useless hashing == one kid suffering from malnutrition

http://www.youtube.com/watch?v=lEV5AFFcZ-s

FREE Energy baby!

[whtchocla7e]

Every kWh spent for useless hashing == one kid suffering from malnutrition

Sure, but what about the kWh that are spent for useful hashing?

Useful hashing? That's a new concept, explain.

[Trance]

I've looked into the this.  problem is that solar is less cost efficient that electricity coming through your socket, most of the time.

Now, power generated by a water turbine, if you have access to moving water, is another story altogether.

there are a handful of different types of alternative energy, although I still haven't found anything that is more cost effective than power coming in through the sockets already.

could be wrong and if anyone has any bright ideas, I'm all ears. 

Air turbine (a lot of dislikes with the visual / decibel via sound of the wind turbine)

[jbrnt]

http://gizmodo.com/the-worlds-largest-solar-plant-started-creating-electr-1521998493?utm_campaign=socialflow_gizmodo_facebook&utm_source=gizmodo_facebook&utm_medium=socialflow

 

The plant looks beautiful. Don't understand the mining reference though...

[DannyHamilton]

Every kWh spent for useless hashing == one kid suffering from malnutrition

Sure, but what about the kWh that are spent for useful hashing?

Useful hashing? That's a new concept, explain.

Crypto-currency transactions need a reliable secure source for information about what has already been spent to prevent double-spending.

Publishing hash results that meet a specific numeric criteria can be used as a method of securing a transaction ledger against manipulation.  This ledger can then be publicly shared by everybody and anyone can use it as a reliable source of information about what has or hasn't yet been spent.  This eliminates the double-spend problem without a need for a centralized third party to act as a clearing house for all transactions.

This sounds to me like a very useful purpose for hashing.  Essentially securing the transaction history of a fast, global, payments and store of value system.

[Gabi]

Lol at troll spamming that mining is useless

[KonstantinosM]

I've looked into the this.  problem is that solar is less cost efficient that electricity coming through your socket, most of the time.

Now, power generated by a water turbine, if you have access to moving water, is another story altogether.

there are a handful of different types of alternative energy, although I still haven't found anything that is more cost effective than power coming in through the sockets already.

could be wrong and if anyone has any bright ideas, I'm all ears.  

[/size]


There is the very important issue of ecosystem impact of the turbines. In the Mekong river for example many people have and will fall into poverty (Because of damming of the river in many key parts, a physical barrier for fish and other such effects) as well as many rare species will disappear (including a dolphin species).

Look it up. http://www.youtube.com/watch?v=dC07S8QuSlw (Ruthless damming of Mekong river could displace millions)



Nuclear is by far the best option.

[Pentax]

I've looked into the this.  problem is that solar is less cost efficient that electricity coming through your socket, most of the time.

Now, power generated by a water turbine, if you have access to moving water, is another story altogether.

there are a handful of different types of alternative energy, although I still haven't found anything that is more cost effective than power coming in through the sockets already.

could be wrong and if anyone has any bright ideas, I'm all ears.  

[/size]


There is the very important issue of ecosystem impact of the turbines. In the Mekong river for example many people have and will fall into poverty (Because of damming of the river in many key parts, a physical barrier for fish and other such effects) as well as many rare species will disappear (including a dolphin species).

Look it up. http://www.youtube.com/watch?v=dC07S8QuSlw (Ruthless damming of Mekong river could displace millions)



Nuclear is by far the best option.

true.

I was talking on a personal level, if someone is lucky enough to have a stream or river running through the backyard they can pretty inexpensively implement a solution that might actually save them some money. 

[Come-from-Beyond]

Every kWh spent for useless hashing == one kid suffering from malnutrition

Sure, but what about the kWh that are spent for useful hashing?

Well, useful hashing is good hashing.

But Bitcoin should adopt Peercoin's approach.

[Come-from-Beyond]

Lol at troll spamming that mining is useless

Gabi, be an open-minded person!

[bananas]

in the guettos people just make non regular connections to the electricty wires

[moriartypants]

Every kWh spent for useless hashing == one kid suffering from malnutrition

Sure, but what about the kWh that are spent for useful hashing?

Primecoin?

[V4Vendettas]

Being an x sparky made mining very cost effective for me back in 2011 installing my own 30 panel solar array. Should really have kept on mining 

That picture lol I feel inadequate now. 

[ActM Thread]

It's certainly an impressive electrical installation.