Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

dynaCERT Inc T.DYA

Alternate Symbol(s):  DYFSF

dynaCERT Inc. is a Canada-based company, which manufactures and distributes carbon emission reduction technology along with its proprietary HydraLytica Telematics. It is engaged in the design, engineering, testing, manufacturing and distribution of a patent pending transportable hydrogen generator aftermarket product. Its HydraGEN Technology uses simple electrolysis to turn distilled water into hydrogen and oxygen gases that are produced on demand. Its technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Its products include HG1B, HG2R, HG6C, and others. HydraLytica Telematics, a means of monitoring fuel consumption and calculating greenhouse gases emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines. It serves various industries, including trucking, construction, mining and others.


TSX:DYA - Post by User

Bullboard Posts
Post by AUborealison Nov 27, 2017 12:13pm
77 Views
Post# 27038532

We will need more diesel power to offset the drain

We will need more diesel power to offset the drainon electricity required to 'hash' blockchain ledgers.

Lithium ion battery charging may be uneconomical going forward.

This article speaks to just the power consumption being used by the Bitcoin network...let alone all the other cryptocoins/blockchain enerprises springing up daily.

Diesel ain't going away anytime soon...especially in a world with upward trending populations.

https://seekingalpha.com/article/4126663-bitcoin-series-4-bitcoin-arms-race

...one of the conclusions of the article...

  • Either way, and also in practice, the Bitcoin network is consuming an absurd amount of electricity, which third parties estimate as now running at around 28.9 TWh/year, the same as the entire country of Oman. This is already more than 0.11% of the world's entire electricity output – to validate an inconsequential number of transactions. As we saw in the prior article, PayPal (NASDAQ:PYPL) handles more than 1,000x the number of commercial transactions handled by Bitcoin … if PayPal ran at the same level of efficiency as Bitcoin, PayPal alone would require more than the world’s entire electricity supply. Never mind all of the other payment systems and financial institutions out there, out of which PayPal represents but a small fraction.
  • Even using more conservative estimates, this electricity consumption easily comes to ~200 kWh to validate a single transaction – including only miner electricity consumption, not the supporting electricity to run client systems, internet links, etc. This number is wildly uncompetitive with current digital currencies, whose whole electricity spend per transaction will be so low as to be irrelevant (a couple of watts at most, and that’s being generous). This number alone means Bitcoin is not viable over the long term at high Bitcoin prices (since the electricity consumption basically tracks Bitcoin prices, as we saw).
  • Either way, and also in practice, the Bitcoin network is consuming an absurd amount of electricity, which third parties estimate as now running at around 28.9 TWh/year, the same as the entire country of Oman. This is already more than 0.11% of the world's entire electricity output – to validate an inconsequential number of transactions. As we saw in the prior article, PayPal (NASDAQ:PYPL) handles more than 1,000x the number of commercial transactions handled by Bitcoin … if PayPal ran at the same level of efficiency as Bitcoin, PayPal alone would require more than the world’s entire electricity supply. Never mind all of the other payment systems and financial institutions out there, out of which PayPal represents but a small fraction.
  • Even using more conservative estimates, this electricity consumption easily comes to ~200 kWh to validate a single transaction – including only miner electricity consumption, not the supporting electricity to run client systems, internet links, etc. This number is wildly uncompetitive with current digital currencies, whose whole electricity spend per transaction will be so low as to be irrelevant (a couple of watts at most, and that’s being generous). This number alone means Bitcoin is not viable over the long term at high Bitcoin prices (since the electricity consumption basically tracks Bitcoin prices, as we saw).
Bullboard Posts