by careinke » Sun 20 Nov 2022, 22:03:30
$this->bbcode_second_pass_quote('jato0072', '[')url=https://www.youtube.com/watch?v=19-gqgugKOc]Youtube - How Much Mining to Power the World with Wind and Solar? - 8 minutes[/url]
The video is a great primer on why so called "green energy" will never replace fossil fuels.
Another video on the same topic:
Assoc Prof Simon Michaux - The quantity of metal required to make just one generation of renewable tech units to replace fossil fuels. - 70 minutesBoth are highly recommended.
Thanks Jato, I found the information VERY informative. Interestingly enough I heard a podcast recently that claimed it could possibly solve this problem using Ocean Thermal Energy Conversion (OTEC). Surprisingly enough it all starts with Bitcoin mining...
OK, full disclosure here for EVERYONE I have NOT done my due diligence on this as I only heard about it a couple of days ago. But honestly, it sounds very intriguing, and I would appreciate your take on it. This is a long trail ending with Meteor mining in space, so please bear with me!
First, here is the website of the company that is selling this idea. The site is very sparse ending with a way to contact the company for more info. The site does have a cool concept graphic, explains their mission and gives a little background on the Founders:
https://www.oceanbitenergy.com/Bitcoin Miners always go to the cheapest sources of energy and Oceanbit believes using OTEC the energy costs for mining and cooling will be free. The plan is to base the BTC mining operation on a barge located along the equator (+/- 5 degrees) out past the continental shelves. It will use a sealed ammonia based turbine system to generate electricity as ammonia gasifies at the surface temperatures along the equator. Cool water will be pumped up from the ocean floor to turn the amonia back to liquid state and provide cooling for the miners as well. Initially, the sole purpose for the barge will be to mine bitcoin, they believe they have assembled a viable product using tested components, cheaply enough, to make it the best option for bitcoin miners. the story continues..
If you would rather listen to the founders of the company being interviewed than my more condensed summary here is the link. I will definitely be listening again.
https://www.youtube.com/watch?v=-bNhy2g9G4k Back to the story, They chose the equator for several reasons:
1. The weather and seas are usually calm with only very,very, rare, typhoons/hurricanes etc due to the Coriolis force.
2. the temp differential is the highest near the equator.
3. There is no need to "ship" the electricity anywhere, so all of that cost is eliminated.
4. It would be done in international waters so the barge can chose the most crypto friendly flag to fly under.
5. There is fast internet available to off load your bitcoin to your private wallet. So nothing gained by attacking the ship for its BTC (It's on the blockchain).
6. The power is a baseline power source, like nuclear, coal, lpg etc., that is readily available, just not locally.
The founders likened these BTC mining rigs/barges to pioneer plants in the ecosystem. They are able to self sustain, and with returning some of their surplus, provide extra free energy for local use, let's say to physically mine manganese nodules (or polymetallic nodules) replacing onshore mining and all its attendant problems.
While we were at it, we could move manufacturing to the energy to produce your metals using high powered electric kilns and furnaces.
The equator is also the best place to build a space elevator and with over 8TW of energy available for basically free, why not? With a space elevator, it opens up a huge amount of space for collecting earths mineral needs.
Earth is saved, because of Bitcoin!!!!
Let the arrows fly!
PEACE