What are you talking about? there's no proof the heat can be utilized efficiently, other than heating the facility in winter, all the big mining farms do not try to utilize the heat at all. Also even if the heat is 100% efficiently utilized, that only balance out the electricity cost. The hardware cost is still there, and most likely higher because now you want to use the heat, which means additional hardware components.
Correct. The initial investment costs for 22nm ASIC dev and testing is at least 5-10 million which has to be amortize across the costs of the products. The question is merely one of scale. If the costs have to be amortized over a few thousand miners than those miners will be very expensive. What if those costs are amortized over mass consumer items though? Space heaters, water heaters, ect??? We are talking about millions of units. What if you could buy a hot water heater that actually paid some of your electrical bill with transaction fees and block rewards?
There's also no proof there's political expense associated with DPoS. I'm a delegate in btsx, and I didn't spend anything to get voted in. Also, even if there is expense, as long as it stays within the eco-system, I don't see any problem with that. Unlike Bitcoin PoW, which transfers wealth out of the eco-system, into the pockets of hardware vendor and electric company.
BTSX is so small that the popularity contest doesn't involve much if any campaigning right now, just like if you ran for a local council position in a small town. There isn't much competition if any and the position typically just fills in the person of the best known name. With any political enterprise, as the stakes and interests scale up so do the campaign costs. As DPoS advocates indicate themselves, they expect industry leaders and prominent people who are not anonymous to become delegates(For social and security reasons). Controlling the currency would than be an important step that would indeed be lobbied for with millions of dollars spent on elections.
Current Fiat technically is a form of inflationary PoS. I could imagine in the future that some governments will likely co-opt an inflationary DPoS as well to give the illusion that people have control of their monetary system, much akin how democratic republics give the illusion that people have control of their representatives.
I was just extrapolating the data and playing a "what if" BTSX overtook Bitcoin scenario. Where you are correct is BTSX will likely maintain extremely efficient and low costs for the election process. The reason for this is because it will be unlikely to ever grow much larger for many reasons I previously mentioned.
Bullshit, the energy being there doesn't mean it can be easily 100% efficiently utilized. Try convert sunlight into electricity with 100% efficiency? or build a simple household boiler with 100% efficiency?
In terms of heating the facility, it's usually a facility that doesn't need heating, most likely it needs cooling. Also it works only in winter.
Strawman much? Who ever claimed 100% efficiency? ASIC's are 99% efficient at converting electricity to heat and the initial production costs need to be amortized across all units.
Everyone worldwide needs to reheat food, dehydrate items , dry clothes, heat water year round. Most people worldwide need to heat their homes during half the year, some people need to do so most of the year.
Again? Oh, no!
