<incomprehensibly>
but i basically work at a startup now
<incomprehensibly>
...in php/cake so not the hippest of technologies
<incomprehensibly>
ELLIOTTCABLE: bitcoiner libertarians aren't the only people who think p2p technology is cool :p
<incomprehensibly>
ELLIOTTCABLE: also i never thought of saving money on heating by mining bitcoin
<bluebie>
I've been thinking for years we should use bitcoin as a heat source for things like clothes dryers. It doesn't need to make a profit - it just makes its own running costs cheaper
<bluebie>
plus good excuse to have wifi on a clothes dryer and then it can text you when your stuff is finished
<ELLIOTTCABLE>
hi incomprehensibly
<ELLIOTTCABLE>
incomprehensibly: you work at a startup, what o_o
<ELLIOTTCABLE>
bluebie: genius, make it happen
<ELLIOTTCABLE>
oh my god, really though
<ELLIOTTCABLE>
it's not using clothes-drying to make Bitcoin cost-effective;
<ELLIOTTCABLE>
it's using Bitcoin to offeset the costs of clothes-drying.
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<bluebie>
you could cut out the middle man and do deals with power companies, so they could sell consumers machines to heat their homes or dry their clothes or hell even cook their dinner and the machines would get a discounted rate of electricity and just quietly mine cryptocurrency or do some other useful computation
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<whitequark>
bluebie: the issue is that you don't need all that much watts per mips for useful computation
<whitequark>
and bitcoin is literally designed to eat up all the power you throw at it while keeping output constant
<whitequark>
so the only way you can offset even your setup cost is to be ahead of market
<whitequark>
i.e. you need to do your ASIC on a next-gen process AND have an agreement in-place with production companies AND do it a few months before your competition catches up
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<bluebie>
tru
<bluebie>
still no reason it couldn't be a room heater
<bluebie>
they'd just need to ship a new heating element to you every few months
<Aria>
Haha.
<bluebie>
heya aria!
<Aria>
Hey hey!
<bluebie>
it's been a while ^_^
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