09-29, 11:00–11:30 (Europe/Berlin), Main Stage
The traditional approach to Proof of Work (POW) does not consider the value or cost of the heat produced. It also does not consider the impact of POW on the electricity markets. We will consider the degree of decentralization for the different types of POW, in particular the POW algorithms that favor the use of Central Processing Units (CPUs), Graphics Processing Units (GPUs), Application Specific Integrated Circuits ASICs, and Field Programmable Gate Arrays (FPGAs). We will discuss, using an understanding of thermodynamics, how heat produced from decentralized POW can be used for space heating with a neutral or negative carbon footprint. We will consider electric resistive heating, electric heat pumps and combustion based heating. We will consider impact of POW on electricity markets, with both both renewable and non renewable energy sources, the use of POW for electrical grid stabilization, the use of electricity with little or no commercial value for POW and use of POW to improve the economic viability of renewable energy projects.
Francisco Cabañas - ArticMine Based in Canada, Francisco holds a PhD in Physics and has extensive business and non-profit experience. He has actively researched and invested in cryptocurrencies, since 2011. Francisco started researching Bitcoin in August of 2011 and investing in Bitcoin, and mining Bitcoin in October 2011. He first learned about, and started researching Monero in May of 2014, and started investing in Monero and mining Monero in June of 2014. Francisco has experience in CPU, GPU and ASIC mining. Francisco has contributed to the Monero project since June off 2014. Francisco focuses on the economic environmental, social, regulatory and long-term economic viability aspects of cryptocurrencies. Francisco has been actively involved with the Monero Project since 2014.