How much effect does the mass of a bicycle tire have on acceleration? There are claims often made that, eg, "An ounce of weight at the rims is like adding 7 ounces of frame weight."  This is "common knowledge", but a few of us are skeptical, and our crude attempts at working out the math seem to support that skepticism.
So, let's assume a standard 700C bicycle tire, which has an outside radius of about 36cm, a bike weighing 90Kg with bike and rider, and a tire+tube+rim weighting 950g.  With the simplifying assumption that all the wheel mass is at the outer diameter, how much effect does adding a gram of additional weight at the outer diameter have on acceleration, vs adding a gram of weight to the frame+rider?
 A: A few simplifying assumptions:


*

* I'm going to ignore any rotational energy stored in the bike chain, which should be pretty small, and wouldn't change when you change bike tires

*I'm going to use 50 cm for the radius of the bike tire.  This is probably a little big, and your bike will likely have a different radius, but it makes my calculations easier, so there.  I will include a formula nonetheless.

*I'm going to assume that the rider provides a fixed torque to the wheels.  This isn't strictly true, especially when the bike has different gears, but it simplifies our calculations, and, once again, the torque provided won't vary when you change the weight profile of the tire


OK, so now, let's analyze our idealized bicycle.  We're going to have the entire $m$ of each of the two wheels concentrated at the radius $R$ of the tires.  The cyclist and bicycle will have a mass $M$.  The cycle moves forward when the cyclist provides a torque $\tau$ to the wheel, which rolls without slipping over the ground, with the no-slip conditions $v=R\omega$  and $a=\alpha R$ requiring a forward frictional force $F_{fr}$ on the bike.
Rotationally, with the tire, we have:
$$\begin{align*}
I\alpha &= \tau - F_{fr}R\\
mR^{2} \left(\frac{a}{R}\right)&=\tau-F_{fr}R\\
a&=\frac{\tau}{mR} - \frac{F_{fr}}{m}
\end{align*}$$
Which would be great for predicting the acceleration of the bike, if we knew the magnitude of $F_{fr}$, which we don't.  
But, we can also look at Newton's second law on the bike, which doesn't care about the torque at all.  There, we have (the factor of two comes from having two tires):
$$\begin{align*}
(M+2m)a&=2F_{fr}\\
F_{fr}&=\frac{1}{2}(M+2m)a
\end{align*}$$
Substituting this into our first equation, we get:
$$\begin{align*}
a&=\frac{\tau}{mR}-\frac{1}{m}\frac{(M+2m)a}{2}\\
a\left(1+\frac{M}{2m} +1\right)&=\frac{\tau}{mR}\\
a\left(\frac{4m+M}{2m}\right)&=\frac{\tau}{mR}\\
a&=\frac{2\tau}{R(4m+M)}
\end{align*}$$
So, now, let's assume a 75 kg cyclist/cycle combo and a 1 kg wheel, and a 0.5 m radius for our wheel.  This gives $a=0.0506 \tau$.  Increasing the mass of the cyclist by 1 kg results in the acceleration decreasing to $a=0.0500 \tau$.  Increasing the mass of the wheels by 0.5 kg each results in the acceleration decreasing to $a=0.0494$, or roughly double the effect of adding that mass to the rider/frame.  
This result, e.g. an ounce of weight at the rims is like adding two ounces of frame weight is true regardless of the mass of the cyclist/cycle, wheel radius or rider torque.  To see this, note that
$$\begin{align*}
\frac{da}{dm} &=\frac{-8\tau}{R(4m+M)^2}\\
\frac{da}{dM} &=\frac{-2\tau}{R(4m+M)^2}
\end{align*}$$
Adding a small amount of mass $\delta m$ to the frame changes the acceleration by $\delta m \frac{da}{dM}$ while adding half this amount to each of the wheels changes the acceleration by $\frac{1}{2} \delta m \frac{da}{dm}$.  The ratio of acceleration changes is
$$\frac{\frac{1}{2} \frac{da}{dm}}{\frac{da}{dM}} = 2$$
regardless of the other parameter values.  It's not hard to see that this result is true for unicycles and trikes as well (i.e. doesn't depend on the number of wheels on the cycle).
A: You have to put angular momentum into the spinning wheels.
The energy of a rotating object is = I w^2 /2
Where I is the moment of intertia, which for a ring is I = mr^2 /2
And w is the angular velocity in rad/s
Essentailly this is wasted energy since it has to be generated in addition to the1/2 m v^2 of the rider+bike.
And since to  accelerate you need to increase the angular velocity quickly you have to put a lot of energy into the angular rotation quickly and since you are limited in how much power you can provide this limits the rate of change of 'w'
