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Just curious what happens when energy becomes free.
The Lost Century: And How to Reclaim It https://m.imdb.com/title/tt27680530/
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Nothing is free.
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Nothing is free
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We already have free energy. Wind, sun, waves.
But it is not free to harvest it. Only plants can harvest free energy for free.
But animals and people need to hunt (spend energy), to harvest energy (in other animals).
A lion has to run to kill a gazelle.
People have to create and buy windmills, solar panels etc.
It costs energy to store energy. You can’t store the solar and wind energy after you produced it just like that. You have to convert it to say hydrogene gas or put it in a battery that somebody has to create.
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Plants do not harvest energy for free. Seeds have stored energy from the previous plant and plants have to use water and carbon dioxide to create glucose with that sunlight. That process is not “free”. They need some glucose(sugar) to start with.
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Energy can't be free because even installing machinery to benefit from "free energy" will cost you, so will maintenance
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As long as preparing a miner to mine and keeping it mining takes a single second of human effort for any reason, mining won't be free and the hash rate won't climb infinitely.
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Free energy would destroy the world via a massive black hole moments after someone decides to plug a free energy device into itself
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Bitcoin isn't a goal in and of itself. If we had free energy, we probably wouldn't need Bitcoin.
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Energy production will never be free, it can merely get cheaper. Bitcoin mining actually can make our energy grid more efficient, which will overall decrease the production of energy by making renewable energy production more stable and by making fossil fuel utilization less polluting.
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could breaking the laws of physics compromise bitcoin.
...yu...yes ?
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Transporting energy is more expensive than producing it
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Energy is one of many dimensions encompassing securing the Bitcoin network.
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You still have physical mining hardware needed.
That will put some limit on hash rate.
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Well... If I had free energy I'd use it to mine bitcoin. As long as you're able to earn a few sats people will mine
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
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