3. Resources
3. Resources:
Information about the resources used to sustain and power digital assets. This includes the electricity that powers mining rigs and the water used to cool those operations, as well as potential mitigating measures to reduce the amount of electricity and water used. This also includes quantitative estimates of the total amounts of these resources used by particular types of digital assets, or by the digital asset ecosystem at large. This also includes information concerning whether the costs of resources used are borne equitably across society or are disproportionately borne by historically disadvantaged communities.
Solar Energy is the Focus:
The sun falls everywhere on the planet and produces usable free energy for everyone on earth if they have the financial means to pay for solar panels and battery storage. They can use this free energy for any electricity driven application.
Bitcoin is also a globally accessible technology with little to no barriers to entry for people who have been unserved by financial services before.
Combined, Bitcoin and Solar make a solution to lift disadvantaged communities out of poverty. There are many stories of this occurring all over the world and in the United States. Solar resources and Bitcoin represent equal access for all.
Expansion of ALL truly renewable energy resources should be considered when combining bitcoin mining as a new means of payback for these types of energy:
Solar
Wind
Hydro
Geothermal
The focus of this response is on solar energy because:
It's the most location available solution around the globe
It's already the lowest cost energy generation solution
It's the safest for human lives and cleanest for environments
It works at any scale, from a single "PV Cell" to a massive Utility Scale Solution
It's also a mobile solution
Its manufacturing processes respond best to further economies of scale
As you can see in the chart below, the price of electricity from solar declined by 89% in the last 10 years, and is expected to decline further.
For maximum economic return in Bitcoin mining, the cost of energy is the most important factor, so the fact that Solar energy is already the cheapest solution indicates a strong guarantee that the vast majority of future bitcoin mining will be done together with solar generation and storage.
In the chart below, you can see the rapid price decline of solar panels since 1976, with a 99.6% reduction.
Today, Bitcoin can thrive on just 0.044% of global waste energy. Its demand for the lowest cost waste energy makes it an ideal pairing for the future of Solar energy generation & storage.
Source: https://www.canva.com/design/DAE53Git5EM/65_TX5XLY_W88doD6VVZOw/view#6
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