I really wanna start a cycling gym or something similar where the bikes/machines generate power to mine bitcoin and then the mined bitcoin is split between the gym itself and the members. Members can apply their share towards their membership fee or they can keep their share of the subsidy.
Discussion
Calculations will be the key to success, but it would incentivize folks to work really hard at the gym. The harder you cycle the more energy you are producing. Gets that member more sats.
It would take 30 people pedaling at full speed to run one modern miner. So yeah, scale.
But you could also start with a smaller miner. As your memberships grow then you can get bigger and better miners. Membership is free if you cycle so many hours per week. That would give people an incentive to always be there and working hard.
You also don’t have to fully rely on the power generated by cyclists to mine. Their contribution could just be complimentary to whatever the main source is.
You would need a reserve battery but I don’t see why it wouldn’t work 🤷🏻♂️
Oops reposted. Was going to say I like the incentive alignment.
That's a good POW, how much electricity a person can generate in a year of cycling, and how much sats they can get for a year's worth of electricity
This is interesting🤔
Nearly all machines could be connected in theory, and you'd have people paying for the chance to mine. Plus creating the energy.