Bitcoin (BTC) to Unleash Renewable Energy for a Billion People?

How can Bitcoin (BTC) unlock renewable energy for a billion people? Do you know ETM? An abbreviation for Ocean Thermal Energy, or OTEC (Ocean thermal energy conversion). If you’ve never heard of it, know that it was originally a French science fiction technique over 150 years old. This technology could enable bitcoin to become a renewable energy that could power more than a billion people on earth. How do you say. This is what you will discover in this article.

What is OTEC?

OTEC, in English, means ocean thermal energy (ETM) or even marine energy. This is produced by exploiting the temperature difference between the surface waters and the deep waters of the oceans. The European Union uses another term: hydrothermal energy to refer to energy stored in the form of heat in surface waters. Because of the surface area it occupies, the Earth’s seas and oceans act as a giant collector of solar radiation. Although some of this energy is dissipated (currents, bulges, friction, etc.), much of it heats up the upper layers of the ocean.

This is how the temperature of the water appears on the surface thanks to solar energy. It can exceed 25°C in the tropical region. And in the depth, deprived of solar radiation, the water is cold. The temperature is about 2 to 4 degrees Celsius, except for closed seas, such as the Mediterranean, where the floor of the cold polar waters that “sink” the North and South Atlantic cannot be “lined up”, the total average flow is 25 million cubic meters in the second. Also, the cold layers do not mix with the warm layers. In fact, the volumetric density of water increases when the temperature decreases. This prevents the deeper water from mixing and getting too hot. This temperature difference can be exploited by a thermal machine. The latter needs a cold source and a hot source to produce energy, and uses respectively water coming from the depths and surface water as sources.

A Short History of OTEC, Thermal Energy of the Seas

The first inventor of OTEC is none other than Jules Verne, in his famous novel 20 Thousand Leagues Under the Sea. The genius author has already several times invented techniques for his adventure novels. These same techniques ended up centuries later in the hands of scientists. As early as 1869, Jules Verne noted ” Surface water and deep ocean water to generate electricity When the hero Pierre Aronax noticed that nautilus For Captain Nemo, it’s electrically powered with no machines to run it. In 1881 French physicist Arsene Darsonval first put forward this idea. OTEC was born.

“He is a strong, obedient, quick, easy steward, adapts to all uses and reigns on board the ship. Everything he does. He lights me, warms me, he is the soul of my mechanical devices. This agent is electricity” Jules Fern.

The various attempts of OTEC…

It was not until the end of the 1920s, when to meet the growing needs of industry for primary energy, that the French engineer Georges Claude, founder of Air Liquide, proposed building a plant that would use hydrothermal energy to produce electricity. In 1928, in Ougrée in Belgium, Georges-Claude validated the principle by producing electricity using a 60-kilowatt thermal machine with hot water at 33 °C taken from the refrigeration circuit of a blast furnace and “cold” water at 12 °C pumped from a river The distinction. Then other attempts would come to light of day, with a boom due to the 1973 oil crisis marked by the construction of NELH, a natural energy laboratory in Hawaii. And in 1975 in Hawaii, the first experience of the ETM project was born under the name “Mini-Otec”. This was followed in 1979 by the financing of a new project christened “Otec-1”, which in 1981 used an ammonia-aqueous exchanger. The countries that have pushed research the most are above both Japan and the United States.

What is a file Mining Bitcoin (BTC)?

In its most abstract form, cryptocurrency mining consists of providing a service to said currency network in exchange for a monetary reward. In the simplest case, the service provided is to validate a set of transactions. Every time a set of transactions is executed, it forms a block. If this block meets certain criteria specific to the cryptocurrency blockchain, it will be added to the top of the chain and the “miner” who made this block is rewarded for their work.

Bitcoin mining, an activity that consumes … a lot of energy

Mining is also an energy-intensive activity. Sometimes this energy is restored. Such is the case in the city of North Vancouver in Canada, where it will be heated by groups of miners. Others use clean energy to reduce electricity consumption in mining. It is estimated that the electricity consumption of all cryptocurrencies will be twice that of Bitcoin (BTC), i.e. 142 TWh/year on July 1, 2018. BTC alone will consume as much as a country like Finland. However, more and more electricity used is coming from renewable energy.

Bitcoin, the solution for OTEC!

The problem with OTEC is that it is not profitable…on the island of Kailua in Hawaii, the plant produces electricity that is too expensive for potential buyers…except…for bitcoin (BTC) miners. In fact, as we saw earlier, OTEC uses cold water from the oceans to generate electrical power. However, the Mining It is an activity that produces a lot of heat. Thanks to the cold water in the depths, it will be more profitable to install groups of miners. We show you: for bitcoin miners, this is a godsend. And for OTEC it will be a viable project. In fact, cold water can be used as a coolant. The energy produced can then be used by BTC miners.

Blockchain Solutions Hawaii Bitcoin Project and OTEC

lead this project Nathaniel Harmon, oceanographer and founder and CEO of Blockchain Solutions Hawaii. For the Hawaiian archipelago, traditional renewable energies will not be enough in the long run. That’s why Nathanial Harmon decided to merge a file Mining Bitcoin and OTEC. This is more interesting because it is located on Kailua Island the first OTEC plant located. However, this project is only applicable in seas located within the tropics due to the heat of the surface waters and the cold temperature of the sea floor. But if this project were implemented all over the world, the nearly 1 billion people living in these regions could see Bitcoin become their electricity source!

In short, it is a huge potential to be exploited. Sea energy! Jules Verne’s dream. And all of this is made possible by Bitcoin (BTC). This idea, even if it is currently only in an embryonic stage, has interesting and attractive properties. The technology of the future, which may find its glory hour.

Source: Bitcoin Magazine

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Gregory Murat

A passionate student of entrepreneurship and fascinated by the technologies behind cryptocurrencies! Yes, I am convinced that the two are inextricably linked: blockchain and NFTs are revolutionizing many sectors and presenting unprecedented opportunities.

#Bitcoin #BTC #Unleash #Renewable #Energy #Billion #People

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