7. Future Developments

7. Likely future developments or industry trajectories:

Information about likely future developments or industry trajectories that would have implications for the future climate impacts of digital assets. This includes expected future developments in protocols, hardware, resources, and economics. Where possible, please describe the expected timescale for likely future developments.

Tightly Integrated Solar, Batteries, and ASIC chips are coming

In the future, it's already foreseeable that there will be no energy generation technology on the market without integrated energy storage, and an option for converting predicted waste energy into a financial asset. This is just good business sense.

A parallel innovation in the smart phone industry demonstrates this well: we experienced a mobile phone, a camera, and a pocket computer becoming a single device. The combined technologies are more useful and less complex for end users when they have become tightly integrated.

Solar energy generation, battery storage, and bitcoin mining will become tightly integrated to offer simpler solutions to the world at any scale.

Just like computing went from entire rooms of main frames to a single smart phone in your pocket, it's important to recognize that in the palm of your hand you can integrate a photovoltaic cell, a battery, and an ASIC mining chip with smart mining software to fractionally mine bitcoin. This is an important point that is very often missed or misunderstood.

Within 5 years we'll see these tightly integrated solutions emerge in the market. They may emerge from the world's biggest technology companies, well-funded startups... or from a new kind of open, collective, equitable, people-powered innovation industry that may require Bitcoin at the core to be feasible and thrive. Bitcoin makes a new kind of global cooperation and alignment of goals possible.

Source: https://www.canva.com/design/DAE53Git5EM/65_TX5XLY_W88doD6VVZOw/view

Open Innovations

Because Bitcoin is an open-source innovation in software technology, it has also attracted open innovations in design, hardware, and new business models for adjacent technologies.

The vast majority of Bitcoin innovations are open and public which drives equitable benefits for the whole world. This is not something that many other industries can say.

We've recently proposed an open design, engineering, and operations initiative in the Bitcoin community at large.

This new proposal for tight integration called "Distributed Thin Solar Waste Mining" or (DTSWM) will likely find contributors, sponsors, and partners to make it a reality in the near future.

Integrating all these technologies to convert sunlight into stored energy, and then to transform the free waste energy into a financial asset, is an indispensable innovation for the future of humanity.

A key innovation in this concept is to make tiny ASIC chips easily swappable, like a SIM card in a smart phone. ASIC chips can be replaced and create a near zero-waste bitcoin mining solution.

Source: https://www.canva.com/design/DAE53Git5EM/65_TX5XLY_W88doD6VVZOw/view#22

Private Innovations

The private innovations that have made Solar Bitcoin Mining possible today are likely to continue and even grow at a faster rate than we've seen in recent years.

Those core innovations are:

• Photovoltaic cell efficiencies at increasing economies of scale

• Lithium ion battery efficiencies, lifecycles, and chemistry at increasing economies of scale

• IC fabrication efficiencies (including ASICs) at increasing economies of scale

The gains in these private industries are also responsible for growth in the electric vehicle industry and the personal electronics industries, which further accelerate the trends.

An honorable mention in the lithium ion battery industry with leading Lithium Iron Phosporus (LFP) batteries is a startup in Michigan, Our Next Energy, Inc. (ONE). They have achieved nearly double the capacity of common Tesla arrays with a 204 KWh array at an energy density of 416 Wh/L.

Source: https://one.ai/range/

Combined, these innovative industries will likely deliver an order of magnitude (10x) improvement in overall Solar Bitcoin Mining cost & efficiency every 5 years. It's a very bright future, indeed.