Topic: What happens to Bitcoin when free energy is available? - page 4. (Read 8927 times)

Other things become the limiting factors.

Energy may get to the point of being practically "free," but it will never be unlimited.

Suppose we are able to develop 100% efficient solar panels for 1 cent US per 100 square meters? At that point, the limiting factor won't so much be money or electricity as how much space you have to lay out solar panels.

Ditto for "zero point energy" or whatever it's called. What little I know of it suggests it relies on space... 8 cubic meters of space could generate 8x the power of 1 cubic meter of space, but that's it. At that point, the guy with the mansion has the edge on the guy with the tiny apartment. There still wouldn't be an infinite amount of hashing power coming online.

Of course, I'm fairly certain we could probably calculate some actual limit (I believe I've seen some maths on the threads that lean toward that.) There is a minimum energy expenditure per logic/math calculation, and we could probably determine a minimum hardware area/volume required per calculation as well.

Upshot of it all: hashing power will continue to go up, based in part on how much energy out of our productivity we (as a global society) choose to devote to mining. But there IS a hard limit, and there will still only be a new block every 10 minutes on average, and the price per bitcoin will still be primarily determined by demand, and little else.

Q: "What happens to Bitcoin when free energy is available?"
A: Nothing much.

This topic has a good point and it's  being ruined by SCIENCE.

What happens when power is cheap to the point that you can run an overclocked GPU for a penny a year? That was what the question should have been as it's actually a good question. Does the value of bitcoin drop or does the price of the GPU back it then? And if so, what happens when the CPUs, GPUs and ASICs that "crack" those "passwords" are manufactured for $1 per minirig? What happens to Bitcoin and the network?

And of course that changes the course of our system and that changes the course of the galaxy and that changes...It's turtles all the way down..

Although it's probably impossible to heat up an infinite amount of space that much.

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.

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

-p

Ugh. :-)

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.

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

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

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?

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.

Energy is Free, harvesting it is not.

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

smoothie..... funny mate

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

lol j/k

no bit can escape crypto-blackhole

oooooOOOO! Binary Big Bang here we come!

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