Oct 4, 2018

Helping Alberta by reducing power lines (Delivery Charges)

How decentralised should Alberta's Electricity be?

Once a year Jack and I try to solve Alberta's problems. He liked my tweet.
All the income taxes, All the gas taxes, All the cigarette taxes, All the insurance taxes, All the carbon taxes, All provincial property taxes. All of them totalled $20.8 billion last year, even though we spent $21.2 billion on health care alone.
I had also mentioned how a recent health study showed that respiratory problems increase when air pollution is above.
  • 80 micro-grams per cubic metre for fine particulate matter
  • 172 parts per billion for sulphur dioxide
  • 159 parts per billion for nitrogen dioxide
  • 82 parts per billion for ozone
  • 13 parts per million for carbon monoxide

Trying to figure out the right balance between pollution and profit requires bright minds like ours. We might even limit our energy consumption if we get to live healthier lives. :)

Most often we try to make rules for others to obey that allow us to be freer. But when our big 5 Electricity producers are happy (TransCanada, TransAlta, ATCO, ENMAX, and Capital Power) Jack and I start to worry.  

If you look at a chart of my electrical bill, it is the 80% delivery charges that is worrying me. How high can that go? I am starting to know more and more people who are happier than Alberta's top 5 electricity producers because they are off the grid. 

Should I go off Alberta's Electrical Grid?
or What can I get for $40,540 ($1500 electrical bills x 3.70% prime rate).  If I just bought Lithium Batteries I could get 30 kWh of storage.
Would that $40,000 investment improve the lives of Alberta's citizens? If Atco's other 227,000 customers are paying $100 just for delivery That is 22 million spent every month on delivery charges. If we all switch over to Lithium Batteries we could reduce our environmental impact. 

Sep 27, 2018

Cost of the Bitcoin Network.

The total Bitcoin network is using 70TWh of electricity annually or 5 WAC Bennett Dams

Annual Global Economic Costs of other industries in US Dollars Banking: $1,870B Gold Mining: $105B Banking ( Electricity ): $63.8B Gold Recycling: $40B Paper Currency: $28B
Bitcoin cost of $3.5B (assuming 5 cents per kWh) annually is a small price to pay for 3 to 5 percent of the world to exchange goods and services. The Bank of Canada did a survey in December.

Jul 31, 2018

What should the Bitcoin chart look like?

Having done over 50 rounds of golf in life, I kind of know what golfing should look like. If you look closely at this picture you will see 50 people all trying to get their ball onto this green. I have never experienced this before. So how much golf do I have to play to become an expert?
The same is true with Bitcoin.  What should be it's price? and what growth should it have, given it is getting back up to 3.55% daily volatility?  Very tough questions to answer.
My first email about #Bitcoin was April 13, 2010 over 8 years ago so I have had my eye on the code for quite sometime. But, yesterday I had an epiphany -- Why should Bitcoin trade like a normal stock? It should trade like a game changing commodity.  If we compare Bitcoin to the Dot com boom we get a very similar pattern. 

The 40% price drops are normal when we are dealing with game changing technology. So in other words, Bitcoin might be at the bottom now, not because of Technical Analysis; but because of what Bitcoin represents -- Game changing technology.  Thoughts?