Earlier quoted context omitted.
> we know Bitcoin doesn’t scale to handle the volume of transactions needed No longer true. I used to believe this as well, but I’ve been blown away by the work from Lightning Network [1]. Subsecond transactions that happen off the Bitcoin blockchain, scales beautifully. [1] http://lightning.network
Does that actually exist? It was vaporware for a pretty long time (though admittedly, I haven't checked in more than a year).
Microsoft has sunk a data centre in the sea to investigate energy efficiency
301–310 of 397 posts
Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#302Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#303Earlier quoted context omitted.
Physical gold still needs to be mined, smelted, transported, and guarded. When you buy it and move it around energy is spent too. So if you really want an apples-to-apples comparison you'd have to count the energy needed to mine each oz. of gold.
The large majority of gold traded for bullion or investment isn't actually moved. It's just the rights to claim X tr. oz. of gold in the vault of XYZ company. Also value of my gold doesn't depend on the transport of all the gold out there so rolling those costs in at the individual level doesn't make much sense. BTC on the otherhand is useless without mining because the existence and transfer of BTC depends on the mi…
Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#304I don't understand why not locating it in a city in a cold climate and using the waste heat to heat the city buildings? There is precedent. In Seattle there's the old "steam plant" which piped steam to many local buildings to heat them in winter.
You're talking about District Heating[1], and that's been around for decades in hundreds of cities. It's the source of the steaming manhole covers that are a fixture of noir imagery. Denver's got the oldest continually operating system in the world, and within the last decade or so, they added a cooling loop, as well. Instead of a boiler and a cooling tower, you can subscribe to a steam loop and a chiller loop. The p…
Consider that geothermal heating systems are based on the ground having a temperature of 55 degrees. The difference between that and cooler ambient is used to drastically reduce heating bills.
For example, if it is 30 degrees outside, that is heated to 55 by the earth, then the building heater only has to boost the 55 to 70 rather than 30 to 70.
Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#305Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#306Earlier quoted context omitted.
I think part of it is that even problems that are small/unnoticeable at the individual level become big when multiplied by a huge N. For example, I don't think I've ever had a hard drive fail in ~30 years in computing, well without being dropped that is, yet look at the Backblaze reports: https://www.backblaze.com/blog/hard-drive-benchmark-stats-20...
That's just unbelievable. To even survive the Deskstar era blows my mind. Not a single drive?
In the last couple years I've had several HDDs fail starting with a 2TB Seagate (one of the "stars" in the Backblaze stats.) I've had others fail since, mostly multi-TB drives. I had one nearly ten year old 200GB drive begin to report remapped sectors. I've even had an SSD develop an unrecoverable error.
Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#307Earlier quoted context omitted.
The large majority of gold traded for bullion or investment isn't actually moved. It's just the rights to claim X tr. oz. of gold in the vault of XYZ company. Also value of my gold doesn't depend on the transport of all the gold out there so rolling those costs in at the individual level doesn't make much sense. BTC on the otherhand is useless without mining because the existence and transfer of BTC depends on the mi…
The large majority of Bitcoin isn't actually moved every block either. And those systems you describe to reassign rights to gold also use energy. As block rewards fall, profit will come from transaction fees only, and only the most efficient miners (best equipment or energy access) will remain. Sure, Bitcoin uses more energy now than a database sitting on a server, but it's solving a different problem.
We're getting sucked down into the weeds here and losing sight of the original point which is BTC as designed requires the use of massive amount of energy to validate and secure the transaction ledger and that ledger and the things it enables is the whole value of BTC.
Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#308Earlier quoted context omitted.
> we know Bitcoin doesn’t scale to handle the volume of transactions needed No longer true. I used to believe this as well, but I’ve been blown away by the work from Lightning Network [1]. Subsecond transactions that happen off the Bitcoin blockchain, scales beautifully. [1] http://lightning.network
Does that actually exist? It was vaporware for a pretty long time (though admittedly, I haven't checked in more than a year).
Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#309> There has been growing concern that the rapid expansion of the data centre industry could mean an explosion in energy use. But Emma Fryer, who represents the sector at Tech UK, says that fear has been exaggerated. If we're concerned about the technology industry vastly increasing energy consumption, lets look at the entire medium sized country's worth of energy bitcoin is consuming for absolutely useless calculatio…
Task for some more suited than me: turn transactions into protein representations, and every mining operation becomes a folding operation.
Re: Microsoft has sunk a data centre in the sea to investigate energy efficiency
#310> There has been growing concern that the rapid expansion of the data centre industry could mean an explosion in energy use. But Emma Fryer, who represents the sector at Tech UK, says that fear has been exaggerated. If we're concerned about the technology industry vastly increasing energy consumption, lets look at the entire medium sized country's worth of energy bitcoin is consuming for absolutely useless calculatio…
Task for some more suited than me: turn transactions into protein representations, and every mining operation becomes a folding operation.