Replies to post #124547 on Lightwave Logic Inc (LWLG)

[The Great Pumpkin]

All the pie in the sky pipe dreams on power savings are great but you actually need a product to sell first.

How many decades have the faithful been preaching the same old song while nothing ever comes to fruition except more paychecks for insiders?

Always right and batting 1.000 here

#scam

[Abig]

https://www.eia.gov/tools/faqs/faq.php?id=97
https://www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm


average house 10,632 kwh
200,000 homes usage 2,126,400 kwh
200k homes cost $540,968
60%savings net
per data center $312,580

[CarlinNM]

Cleptocurrency Mining Energy Consumption...

"As of August 2022, published estimates of the total global electricity usage for crypto-assets are between 120 and 240 billion kilowatt-hours per year, a range that exceeds the total annual electricity usage of many individual countries, such as Argentina or Australia."[color=red][/color]

YIKES! I used 120 Bln Kwh x the $0.13/Kwh I'm paying in New Mexico and came up with $15,600,000,000. That's a LOT of dough for the cleptocurrency mining industry to shell out annually and the figure is actually MUCH higher because I used the lower 120 Bln figure and $0.13/Kwh is lower than the national average in the US. $0.13/Kwh is a LOT lower than energy costs in Europe. If they could save 5% on energy costs, it would be significant. If they could save 50-60%, the savings would be HUGE!

If Lightwave succeeds in bringing their technology to the marketplace, many industries and individual companies will be waiting in line for years to upgrade their systems IMHO.

https://www.whitehouse.gov/ostp/news-updates/2022/09/08/fact-sheet-climate-and-energy-implications-of-crypto-assets-in-the-united-states/#:~:text=As%20of%20August%202022%2C%20published,such%20as%20Argentina%20or%20Australia.