Bitcoin Accelerates Science! How? | Hashpower Academy

Video Transcript:

hello there and welcome to the hash power Academy this is a place for you to learn anything and everything to do with Bitcoin and its underlying network of Technologies and commodities this is a short little video today just to delve into the concepts of Bitcoin mining accelerating Science Now what I mean by this is I started thinking about all of those sorts of uses of power that require a lot of power very quickly and my brain sort of delved into defense sector application such as laser weapons that need power right that second when a missile’s coming and they need a power source that’s always on but if you have a generator that’s always on you need something to consume that power and so you need something like Bitcoin mining that maybe sits in the middle between the giant laser weapon and the power source even if it’s just a battery and that energy being consumed in real time to pay for that big expensive kit that energy availability of always being able to switch the machines off and power whatever you’re needing to well to to that consumes power so to speak and that also delved me into the science direction of things which is to say uh there’s lots of experiments and tests that are always being conducted and what are their limitations well if they need a lot of energy such as lasers for nuclear fusion tests or the Hadron Collider they need stupid amounts of energy and they have to have special relationships with the the electricity grid and time when they can do it how they can do it and and how much power they can use and so I thought of it like this what if we had uh science and research locations where you had a very very large Bitcoin mining Farm let’s say one that scales to a gwatt well now you have a a location that’s consuming say one gwatt 1,000 megawatts of power and you combine that with a a research test facility that requires significant amounts of energy at particular moments in time well you just have the machines switch off and power or charge whichever it’s needing to to to to power and what that does interestingly enough is it just cuts a bit of the red tape when it comes to science that if if we have a scientific research location say in the USA dual collocated essentially with a massive Bitcoin mining Farm where that power delivery is always there and always a ailable and not so much that the um the scientific test research facility needs to constantly communicate with the grid but the minor in the middle just dynamically changes the power he uses so that the scientific research facility can massively accelerate the amount of test cycles that they can do whether it’s nuclear fusion lasers or lasers to blast missiles out the sky or the hadran collider all of these sorts of tests that push and Advance Us in the direction of more energy abundance are also fundamental to the pricing system of bitcoin’s unit of account economics of tomorrow but that just overall thought of what are the use cases of OnDemand energy because that’s what hash rate represents hash rate is just a representation a projection of underlying electricity being consumed and that is the fundamental thesis behind Bitcoin a form of men money with a cost to produce and all the other components of um compute power enabling that money to be distributed um and issued by the network so that everyone can transact peerto but I see that more as the um the fundamental on the on the monetary side of things in terms of what the money represents well it’s produced from electricity so that that cost to produce is always there but that’s detracting away from this video the overall recap compute power is a projection of underlying energy that’s available it can be switched it can be switched off and they have an exact price in a quantity of Bitcoin that the scientific research facility can pay um to to constantly switch them on and off the rate of Bitcoin they can potentially mine because it doesn’t matter if the miner has say a th000 megawatts available he could consume the power turn into into Bitcoin at a certain rate um or uh the local research facility pay the exact same quantity of Bitcoin and constantly flip the machines on on and off or a percentage of them um for that scientific research to rapidly accelerate the amount of test Cycles faster than other nations so there’s an incentive there to deploy Bitcoin mining in your nation because it can help you with your scientific side of things and if we shift away from debt money how are you going to fund the defense systems of Tomorrow such as laser based weapons well if you have an ond demand in on demand compute system that can monetize power and power your defense systems and yes I would like a Bitcoin mining farm with laser defense systems that would be uh quite an interesting uh way to go about things um yep short sweet video I hope you like subscribe enjoy and I will see you in the next one goodbye