woodisgood
Optimustic Pessimist
This move by TSLA makes me feel like BTC could be the currency of energy arbitrage. Are there advantages of using alternative currencies for this purpose instead of dollars?
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It does seem wasteful to have a "super computer" just sitting in my garage 23 hours out of the day, especially if I had home solar to power it. Judging whether the FSD computers are useful for mining is above my pay grade though. There were a few thoughts earlier in the thread that said no.Well couldn't we start mining our own coins in the new S and X with the powerful new gaming PC built in?
No need to convert between currencies? More difficult to tax transactions?This move by TSLA makes me feel like BTC could be the currency of energy arbitrage. Are there advantages of using alternative currencies for this purpose instead of dollars?
Yes, agreed. What say you, exalted mother of @Krugerrand ?
The question of energy is a temporary one. And a TSLAQ-esque FUD one. We're going to have unlimited free energy by 2030.
ARK's Sam Korus has been proposing this for the last year or so. Mostly in the context of nighttime “wind spillage” as I recall.This actually could be useful in terms of the 'duck curve' and solar. When we build excess solar to get us through slumps. But charging electric cars with that surge would be more useful.
There's the 10-K tsla-10k_20201231.htm
Plot twist: Tesla gets into bitcoin mining powered by massive solar and megapacks, and it becomes their most profitable LOB.
Well couldn't we start mining our own coins in the new S and X with the powerful new gaming PC built in?
Quantum computing is just around the corner. For every problem there is an answer given some time.I don't believe there will be free energy ever. Mining is one thing but Blockchain processing for every financial transaction has never been resolved to my satisfaction. It is a problem facing any blockchain currency. Distributed processing is only part of the problem as I see it. All processing comes at a cost. Pushing Bitcoin as a store of value is an effort to avoid the inconvenience of the energy problem of financial transactions.
Processing is going to have to be moved to space (perhaps deep space) to resolve the problem and that is going to be expensive initially as I see it.
That is actually a very good idea - you should should write up a paper for Elons competition. Think a lot of people would sign up.I've been thinking along the same lines. I've been wondering after Musk's carbon sequestration tweet that maybe Tesla will end up producing a small scale carbon sequester, that you can run with the excess energy from your solar roof, and then you can earn Tesla's own digital currency per every kg of carbon you sequester.
1 BTC == 1 MY
Tesla commands nearly a quarter of the world's EV sales in 2020, and it’s still just getting started
Given the higher ASP of Tesla cars, it probably took almost half the total value and the vast majority of profit worldwide.
I am super angry about tesla gambling in bitcoin. Sure, this put me into the minority. But what the hell, this is against everything I put my faith into tesla.
1. bitcoin is a super polluter, climate change, remember that, tsla?
2. bitcoin's main usage is money laundry and pure speculation. It has no value as a monetary system due to volatility and no tax based credit system. I always think Elon is a decent guy. But did he think about if bitcoin bubble gone, how many small investors would be in pain?
3. tsla raised large sums of money for capacity expansion. It is a shame it uses investor's money into playing a bubble. And accepting bitcoin as payment? They think their accountants have nothing better to do?
I am deeply shocked and shamed. I just sold my shares. Hope one day Elon fix this problem. I still believe in the climate change mission.