Doug Vining Will the internet of things eat our power?

According to the Guardian, the tsunami of data that will be produced by the internet of everything could consume as much as 20% of global electricity by 2025. Interesting studies to support our MindBullets scenario for a cold, dark Christmas!
A FuturesForum post (titled: "Will the internet of things eat our power?") refers to this MindBullet. The full FuturesForum post can be read here: http://www.futureworld.org/PublicZone/FuturesForum/BlogDetails.aspx?PostID=5744b180-d452-44d7-92d2-b763f765685a
Posted: 6 January 2018 at 09:38

Doug Vining Bitcoin threatening human rights?

Unless our contrary scenario of quantum computing disrupting the crypto mining party comes to fruition, we might well see a battle for electric power between the coin miners and urban communities. Yet another study by Morgan Stanley has predicted that Bitcoin's energy consumption will surge.

The alternative view is that new efficiencies will avert a crisis, but then there's always the threat of electric cars causing grid lockdown. Which could make the whole struggle between the rich (who have cars and bitcoins) and the poor, who just want reading light and refrigeration.

At some point, if renewables create surpluses, a minimum amount of electric power should become a basic human right.
A FuturesForum post (titled: "Bitcoin threatening human rights?") refers to this MindBullet. The full FuturesForum post can be read here: http://www.futureworld.org/PublicZone/FuturesForum/BlogDetails.aspx?PostID=89f0d2d8-12d2-42df-bab5-6c411cd2b79d
Posted: 17 January 2018 at 13:05

Doug Vining Bitcoin threatening human rights?

Or perhaps mathematical methods used to find prime numbers will also solve bitcoin's power problem:
https://www.bloomberg.com/news/articles/2018-01-11/bitcoin-seen-addressing-power-hog-problem-with-prime-number-find
Posted: 17 January 2018 at 13:17

Doug Vining Bitcoin eating Quebec's hydro power

When you've got a surplus of green electricity, it makes sense to invite customers to use it. Bitcoin mining operations are now so intensive, the cost of power is critical, and the market value of the coins has to justify the cost of power, or they might be suspended. How will this scenario we explored in our MindBullet alongside play out?
A FuturesForum post (titled: "Bitcoin eating Quebec's hydro power") refers to this MindBullet. The full FuturesForum post can be read here: http://www.futureworld.org/PublicZone/FuturesForum/BlogDetails.aspx?PostID=f9fce71a-b983-4855-971c-3c6551f39a35
Posted: 16 April 2018 at 09:14
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