What happens to Bitcoin when free energy is available?

[MrTeal]

Energy will only get more expensive as far as the eye can see.

Oh - and if you think there is a technological fix (fusion, say) read this:
 http://physics.ucsd.edu/do-the-math/2012/04/economist-meets-physicist/

outstanding...thank you

Agreed. I'm sure it's a contrived conversation, but it was entertaining nonetheless.

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[thezerg]

Actually the fascinating concept here is energy storage or transmission using the bitcoin network. What i mean by this is if extra solar or wind capacity is used to mine BTC, and conversely BTC miners shut down during peak hours regionally,  we will have the same effect as if excess energy in in one region was sold and transmitted to another region.  But without transmission losses!  Bitcoin is awesome!

could you explain this more rigorously?

I believe what he's getting at is something like this. Let's say there's two huge 100TH/s mining farms, one in California and one in India. The idea is that during the day in California you shut down the rig there while running in India, and during the night (day in India) you turn on the Cali rig and shut down the Indian rig. The network hashrate contribution stays constant at 100TH/s, but in effect since the load is on only during the best times it's like transmitting the power.

Exactly!  The major issue with solar, wind, etc is that it is inconsistent.  And actual energy storage options (pumping water into lakes on top of mountains, air into the ground) are inefficient. 

Another way to think of it is that the existence of a reliable way to convert excess energy supply to money allows energy providers to over-build infrastructure that harvests this "free" energy.  Today these are underbuilt and excess demand is filled by expensive and environmentally unsound options like burning dirty coal...

[AmpEater]

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

Sigh

[Xenland]

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

Sigh

Yes i know that "blah blah blah <insert freeenergy can't exist> blah blah" but you never knows maybe some science have been suppressed to keep us under "their" control. (Who ever "They" are)

[Vladimir]

What happens to Bitcoin when free energy is available?

Bitcoin sucks in infinite amount of free energy and KABOOM we have another BIG BANG.

[Xenland]

What happens to Bitcoin when free energy is available?

Bitcoin sucks in infinite amount of free energy and KABOOM we have another BIG BANG.

oooooOOOO! Binary Big Bang here we come!

[Serge]

What happens to Bitcoin when free energy is available?

Bitcoin sucks in infinite amount of free energy and KABOOM we have another BIG BANG.

oooooOOOO! Binary Big Bang here we come!

no bit can escape crypto-blackhole

[smoothie]

What happens to Bitcoin when free energy is available?

Bitcoin sucks in infinite amount of free energy and KABOOM we have another BIG BANG.

oooooOOOO! Binary Big Bang here we come!

no bit can escape crypto-blackhole

You guys got some subliminal messages or is it just me?

lol j/k

[Xenland]

What happens to Bitcoin when free energy is available?

Bitcoin sucks in infinite amount of free energy and KABOOM we have another BIG BANG.

oooooOOOO! Binary Big Bang here we come!

no bit can escape crypto-blackhole

You guys got some subliminal messages or is it just me?

lol j/k

smoothie..... funny mate

[smoothie]

What happens to Bitcoin when free energy is available?

Bitcoin sucks in infinite amount of free energy and KABOOM we have another BIG BANG.

oooooOOOO! Binary Big Bang here we come!

no bit can escape crypto-blackhole

You guys got some subliminal messages or is it just me?

lol j/k

smoothie..... funny mate

LOL thanks....gotta have some humor and fun sometimes....some here are too uptight...relax guys 

[Xenland]

What happens to Bitcoin when free energy is available?

Bitcoin sucks in infinite amount of free energy and KABOOM we have another BIG BANG.

oooooOOOO! Binary Big Bang here we come!

no bit can escape crypto-blackhole

You guys got some subliminal messages or is it just me?

lol j/k

smoothie..... funny mate

Heh im still smirking about it
LOL thanks....gotta have some humor and fun sometimes....some here are too uptight...relax guys 

[goxed]

So yeah i keep getting lost in thought on this one whats your take on it?

Energy is Free, harvesting it is not.

[Xenland]

Even wind power causes angular deceleration of the planet.

Might have a hard time proving that one

lol its true when you walk or jump you are pushing off the earth equally and oppositely, the earth is just too darn big to notice and their is no other point of reference to display it visually.

[MrTeal]

Even wind power causes angular deceleration of the planet.

Might have a hard time proving that one

lol its true when you walk or jump you are pushing off the earth equally and oppositely, the earth is just too darn big to notice and their is no other point of reference to display it visually.

Are you sure that wind power is actually converting the angular acceleration of the planet into electricity and that it isn't a once removed form of solar energy where the sun heats air non-uniformly causing wind?

[phungus]

I believe the original poster is referring to what is commonly known as "Energy from the Vacuum" or "Energy from the Ether".

Nikola Tesla is supposed to have been very active in the pursuit of this research and the conspiracy theory goes that JP Morgan/Edison/etc were very much opposed.

There are books written by people like Tom Bedini, Lt Colonel Tom Bearden, and a whole slew of other people actively researching and experimenting.

Tom Bearden claims that the fundamentals of physics taught in school are intentionally misleading in order to maintain the status quo.

It's been a few years since I kept up with PESWiki and the other communities but it's a very interesting field of research, for sure.

-p

[Xenland]

I believe the original poster is referring to what is commonly known as "Energy from the Vacuum" or "Energy from the Ether".

Nikola Tesla is supposed to have been very active in the pursuit of this research and the conspiracy theory goes that JP Morgan/Edison/etc were very much opposed.

There are books written by people like Tom Bedini, Lt Colonel Tom Bearden, and a whole slew of other people actively researching and experimenting.

Tom Bearden claims that the fundamentals of physics taught in school are intentionally misleading in order to maintain the status quo.

It's been a few years since I kept up with PESWiki and the other communities but it's a very interesting field of research, for sure.

-p

Im glad some one could explain were this is all comming from

[AmpEater]

Tom Bearden claims that the fundamentals of physics taught in school are intentionally misleading in order to maintain the status quo.

It's been a few years since I kept up with PESWiki and the other communities but it's a very interesting field of research, for sure.

-p

Sigh.

You sir, are a moron. The worst kind...you seek out those who mislead you.

Now I have to decide wether to laugh or cry.

[phungus]

Ugh. :-)

[phungus]

I really am not saying any of it is true, just that I thought I knew what the OP was looking for.

-p

[Piper67]

If E=mc squared, there really should be a lot more E.

Having said that, what happens to Bitcoin when all that E is available? Not a whole hell of a lot, actually. Contrary to some prevalent ideas, Bitcoin does not derive it's value from electricity.

Put another way, one could've asked 150 years ago, what happens to gold when we start making shiny things out of other yellow shiny metals... And we all know what happens.