Intro to my Interview with Micheal Shimdt
The web hosting market in the USA is forecasted to reach $57 billion, according to Statista. These figures highlight the significant potential for energy-related businesses to generate revenue. Why can’t a new office or housing development have a server rack set up. The software to run servers does not require that they are all in the same place. Engineers can be trained during the construction period and even if the systems go down fail-over capability is a standard feature of data or bicoin mining operations.
On an individual level, the average per capita energy expenditure in the United States is $3,052, as reported by the Energy Information Administration (EIA). By multiplying this figure by the population of 350 million people in the United States, the total market size for energy expenditure amounts to an astounding $1,068,200,000,000.00.
The “Hot tub time machine!”
Michael Schmid, keep an idea on this genius inventor!
In summary, Michael Schmid’s hot tub invention and understanding of energy conversion have profound implications. They can contribute to reducing housing costs, potentially turning energy expenses into a revenue source, and highlight the significant market size of the energy sector in the United States. We have not even touched on the positive effect on the environment.
Miami blog from Bitcoin 2023
Michael Schmid and the “Hot Tub Time Machine”
NLC’s strategy involves trading crypto derivatives, but it is important to remember and study the underling asset, in this case bitcoin. There is an amazing amount of creativity around this conceptually simple technology, including guys like Michael (see below).
Michael Schmid was the absolute highlight of a conference due to his remarkable inventions: He created a "Hot Tub Time Machine, " but really Bitcoin miner to a heating system. The Bitcoin miner features a cooling system that effectively harnesses heat, not only for the hot tub but also for general energy purposes.
Shmid's understanding of energy conversion came from engineering knowledge running a web hosting firm. Energy can be converted to provide heating and hot water in all climates, primarily through electricity. In general hotwater and heat are necessary. Even in regions like Phoenix or Las Vegas, where air conditioning and electricity are in high demand, the device could cool a house with some jiggering.
The implications of Shmid's inventions are enormous. One notable impact is on housing costs, which are closely linked to energy expenses. Cheaper energy means more available funds for rent and mortgages, while higher energy costs can strain individuals financially. This economic relationship is inverse and worth considering.