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Re:A Bitcoin miner in every hand by nosuchthing on Monday May 18, 2015 @03:13PM (#9566286)
Imagine if someone made the opposite of this device, an energy generating device which could supply you with revenue [after the subsidy is paid off] and was not restricted to any particular currency ecosystem.
Re:A Bitcoin miner in every hand by IkmoIkmo on Monday May 18, 2015 @05:20PM (#9566935)
It'd be like putting a tiny solar panel on your retail consumer grade router, one that degrades very rapidly over time, and generates electricity at a higher cost than to simply buy it (from industrial grade dedicated solar parks), in a world where you can send energy as easily as sending email, or for that matter, bitcoin.

It's ridiculous. I'm curious about the bigger picture because they have a stellar team, backing, board and bank account right now.

Re:A Bitcoin miner in every hand by pavel_lishin on Monday May 18, 2015 @03:27PM (#9566358)
"Hang on, I just rode my bike to the office, let me plug it into my parking spot so I can discharge the capacitor and get paid for the ride up here and I'll come up to your office."
Re:A Bitcoin miner in every hand by def_illiterate on Monday May 18, 2015 @03:45PM (#9566461)
We're having fun at this, but I think you may have just found a way to better gamify wellness initiatives...
Re:A Bitcoin miner in every hand by nols on Monday May 18, 2015 @04:17PM (#9566625)
Bicycle riders only produce a few hundred watts, while an average kilowatt/hr is worth 12 cents.
Re:A Bitcoin miner in every hand by wcoenen on Monday May 18, 2015 @05:49PM (#9567061)
It's kilowatt-hour, not kilowatt/hour. Multiply, not divide.
Re:A Bitcoin miner in every hand by bryogenic on Monday May 18, 2015 @10:00PM (#9567807)
It's kilowatt*hour not kilowatt-hour. Multiply, not subtract.
Re:A Bitcoin miner in every hand by michaeldunworth on Monday May 18, 2015 @10:30PM (#9567883)
Haha, thought the same.
Re:A Bitcoin miner in every hand by pablovidal85 on Monday May 18, 2015 @03:56PM (#9566506)
Exercise bikes that mine bitcoin. Hey Tesla, who needs batteries if you can store energy as monetary value.
Re:A Bitcoin miner in every hand by nitrogen on Tuesday May 19, 2015 @12:01AM (#9568084)
As with commodities trading, the actual product has to exist somewhere.
Re:A Bitcoin miner in every hand by mentat on Monday May 18, 2015 @03:32PM (#9566383)
Reminds me of The Calorie Man which is quite good if disturbing.

https://www.goodreads.com/book/show/7805265-the-calorie-man

Re:A Bitcoin miner in every hand by bottled_poe on Monday May 18, 2015 @10:47PM (#9567935)
So where does the energy to move the bike come from?
Re:A Bitcoin miner in every hand by bduerst on Monday May 18, 2015 @03:16PM (#9566300)
You mean something like solar panels?
Re:A Bitcoin miner in every hand by inafewwords on Monday May 18, 2015 @03:56PM (#9566510)
run the excess energy into a bitcoin farm instead of batteries?
Re:A Bitcoin miner in every hand by bduerst on Monday May 18, 2015 @05:46PM (#9567042)
Can't solar panel owners sell their excess energy back to the grid for USD?

Seems more cost effective than to buy, run, and cool depreciating mining hardware.

Re:A Bitcoin miner in every hand by nols on Monday May 18, 2015 @04:27PM (#9566682)
It seems more cost effective to just use batteries