https://ift.tt/anepvwE Mining Ban Bill Makes It Out of New York State Assembly Committee – [Hey New Yorkers, do something!]

The question that needs to be discussed: where does the energy go?

If you look at the thermodynamics of a mining system ~95%+ of electricity is lost in HEAT. Heat that can be used to heat homes, business in colder climates, and in thousands industrial processes year round.

BTC mining tech could be used in district heating applications or even as a home furnace and hot water heater. Effectively displacing the need for natural gas and “wasteful” resistance heaters. You recover the energy while putting the energy to work. It’s a net positive.

GHG regulation and the continued rise of renewable energy on the gird coupled with mining heat recovery can lead to net negative emission mining AND more affordable energy costs for everyone.

Do you want to spend 50,000 a year to heat your factory with electricity or carbon fuel? OR, do you want to spend $48,000 a year to mine BTC and $2,000 in heat to get the same result?

This is where the market can/should go. It’s a no brainer.

AND you could use this tech in demand response (think your AC energy saver switch) typical utilities try to reduce their load a couple minutes per customer per month. By swapping out antiquated electric resistive heating with bitcoin minor technology you can effectively lower the demand and increase the use of sustainable energy without having to build peaking generation plants to cover those 1% of hours in a year that are needed to meet energy demand. Or, Instead of building grid-scale batteries to release energy, you turn off the miners for a few minutes per home the shave the peak. Look at California, there is so much wasted energy due to the solar duck curve… this can be put to use and demand can be levelized much more efficiently.

If you want zero carbon emissions and make a dent in climate change, you electrify the whole economy – including heating.