Absolute Foolishness - Chuck and Grass You'll probably agree with me.

[chuckChuck]

Energy usage by the internet and computing in general is increasing exponentially.

Bitcoin mining is just the tip of the iceberg. Blockchain systems will be used in a variety of ways including tracing food production from farm to table.

There is a alot of wind and solar capacity being installed worldwide including in Canada. Saskatchewan is planning on 50% renewables by 2030. Development of storage systems is well underway. This will be a long transition to a low carbon energy system. New wind is very competitive with gas and much cheaper than new coal. Solar is now the cheapest form of electricity in many parts of the world.

from Bloomberg:
“Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 – on the back of precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply. Coal shrinks to just 11% of global electricity generation by 2050.”

https://about.bnef.com/new-energy-outlook/

But some of you cant seem to adjust your thinking and are clinging to the past. The world will move on without you.

[Klause]

Energy usage by the internet and computing in general is increasing exponentially.

Bitcoin mining is just the tip of the iceberg. Blockchain systems will be used in a variety of ways including tracing food production from farm to table.

There is a alot of wind and solar capacity being installed worldwide including in Canada. Saskatchewan is planning on 50% renewables by 2030. Development of storage systems is well underway. This will be a long transition to a low carbon energy system. New wind is very competitive with gas and much cheaper than new coal. Solar is now the cheapest form of electricity in many parts of the world.

from Bloomberg:
“Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 – on the back of precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply. Coal shrinks to just 11% of global electricity generation by 2050.”

https://about.bnef.com/new-energy-outlook/

But some of you cant seem to adjust your thinking and are clinging to the past. The world will move on without you.

Not all block chain requires progressively more power to compute.


Block chain isn't evil and computation for transferring and serving the world's data and solving the world's mysteries is one thing.


Sinply wasting a finite resource on this is quite another.


Many data centers have WHR systems...

https://www.datacenterknowledge.com/data-centers-that-recycle-waste-heat https://www.datacenterknowledge.com/data-centers-that-recycle-waste-heat


If this one ran on renewable energy I wouldn't care. But it's not. It is running on 100% fossil fuel power

[binthere]

So Chuck we can assume you have adjusted and your solar system has been installed and working fine.or is it still do as I say not as I do.

[chuckChuck]

So Chuck we can assume you have adjusted and your solar system has been installed and working fine.or is it still do as I say not as I do.

Just signed a contract for one to be installed this year.

Without a subsidy the estimated cost for a Kwh is 6.9 cents over 30 years. Saskpower is currently charging 11.8 cents for farms and it will go up alot in 30 years.

So who said that Solar needs a subsidy?

[chuckChuck]

Not all block chain requires progressively more power to compute.


Block chain isn't evil and computation for transferring and serving the world's data and solving the world's mysteries is one thing.


Sinply wasting a finite resource on this is quite another.


Many data centers have WHR systems...

https://www.datacenterknowledge.com/data-centers-that-recycle-waste-heat https://www.datacenterknowledge.com/data-centers-that-recycle-waste-heat


If this one ran on renewable energy I wouldn't care. But it's not. It is running on 100% fossil fuel power

Yes I agree it is a concern. But in this land of waste and mismanagement there are a lot of stupid things that are going on when it comes to energy usage.

Blockchain technology is here and has a lot of potential benefits. Engineers are developing more energy efficient computer and internet systems.

[Guest]

So Chuck we can assume you have adjusted and your solar system has been installed and working fine.or is it still do as I say not as I do.

The liberal way

[chuckChuck]

The liberal way

Just signed a contract for one to be installed this year.

Without a subsidy the estimated cost for a Kwh is 6.9 cents over 30 years. Saskpower is currently charging 11.8 cents for farms and it will go up alot in 30 years.

So who said that Solar needs a subsidy?

[Klause]

Yes I agree it is a concern. But in this land of waste and mismanagement there are a lot of stupid things that are going on when it comes to energy usage.

Blockchain technology is here and has a lot of potential benefits. Engineers are developing more energy efficient computer and internet systems.

So do you agree a project like this should have an environment review? This is literally burning fossil fuels for perwonal riches with no spinoff or ancillary benefits.

At least an oil company produces fuel oil and chemical for the world to use.

A gold mine produces gold that is sold on and used for jewlery, IC's instruments etc.

The thing is there is a finite number of bitcoiins. Every time one is mined it is harder to mine more requiring more power and processing to gain the next one. The cost of power vs Bitcoin mined becomes a smaller and smaller margin.


Mining rigs (that's what the specialized systems are called) are designed for only mining....


You are right blockvhain is neat tech and can fill a lot of voids.


However Bitcoin has no intrinsic ability to fill contracts or transfer information or conditions with the currency, unlike Etherium


Block chain is like saying tractor. Bitcoin is like saying a Massey 2705


Tractors have a huge impact on the world. Massey 2705s just gave them a bad name and irritated their owners.

[AlbertaFarmer5]

Just signed a contract for one to be installed this year.

Without a subsidy the estimated cost for a Kwh is 6.9 cents over 30 years. Saskpower is currently charging 11.8 cents for farms and it will go up alot in 30 years.

So who said that Solar needs a subsidy?

Since you now have offered a snippet to suggest you may have some connection to ag in Western Canada, I will respond. What is the cost of the associated energy storage to make your solar installation viable 24/7 over that same 30 year period? If you want to compare the cost to the utility power rate which is available 24/7 and 365 days a year at that cost, even on Midnight December 21, compare apples to apples. Solar cost per Kwh is much different at noon in June vs. evening in December(when western Canadians actually need the most power).

What is the opportunity cost over that same 30 year period? What is the expected effective lifespan? Can you get 30 year financing on solar installations, with locked in interest rates?

[chuckChuck]

Since you now have offered a snippet to suggest you may have some connection to ag in Western Canada, I will respond. What is the cost of the associated energy storage to make your solar installation viable 24/7 over that same 30 year period? If you want to compare the cost to the utility power rate which is available 24/7 and 365 days a year at that cost, even on Midnight December 21, compare apples to apples. Solar cost per Kwh is much different at noon in June vs. evening in December(when western Canadians actually need the most power).

What is the opportunity cost over that same 30 year period? What is the expected effective lifespan? Can you get 30 year financing on solar installations, with locked in interest rates?

Don't feed the trolls! Haha

Don't need energy storage as Saskpower has a net metering program. The grid is my storage.

My system will generate about what my average use is over the whole year. This will mean less coal and gas will be burned on my behalf which helps reduce my greenhouse gas emissions.

Storage systems are already being deployed in some cases for residential and on a utility scale. Bloomberg is predicting lots of lower cost storage options by 2050.

My estimate didn't include a lost opportunity cost for the money. That is a small cost. Paying cash no interest. Cost is similar to a nice diesel pickup and a whole lot more reliable. You should be able to finance it.

Lifespan is about 30 years for the panels. In 30 years the cost of panels will be lower and the efficiency will be much higher.

My peak energy usage is in August and September when the aeration fans are running. It makes no economic sense to size a system to cover peak usage when the the grid will cover that period. Winter is a low period of usage for us as we use gas for heating.