Re: Cassandra! Andrew Hoffman
I'm finding that if you price anything in dollars you have to add 13% just for security and insulation purposes.
Quote:
Bitcoin - The cost of kids playing on a computer, speculation, demand
Not so fast EE_ people keep telling me that it takes a tremendous amount of electricity to mine those Bitcoins...
http://qzprod.files.wordpress.com/20...ng?w=640&h=388
If it wasn't for their centralized and privatized pools, there would be no more bitcoins.
Is it a race to zero? I can't tell.
Quote:
| Difficulty |
609,482,680.00 |
| Mining Factor 100 |
0.05 USD/24h@100MHash/s as in these charts |
| Average generation time for a block (solo) |
1 year, 240 days (can vary greatly depending on your luck) |
| Hardware break even |
120 days |
| Net profit first time frame |
-554.51 USD |
| Coins per 24h at these conditions |
0.0413 BTC |
| Power cost per 24h |
0.36 USD |
| Revenue per day |
23.02 USD |
| Less power costs |
22.66 USD |
| System efficiency |
500.00 MH/s/W |
| Mining Factor 100 at the end of the time frame |
0.04 USD/24h@100MHash/s |
| Average Mining Factor 100 |
0.04 USD/24h@100MHash/s |
| Power cost per time frame |
32.87 USD |
| Revenue per time frame |
1977.36 USD |
| Less power costs |
1944.49 USD |
The revenues seem to have gone up just recently...
https://blockchain.info/charts/miners-revenue
Re: Cassandra! Andrew Hoffman
It can't be nearly as bad as mining Silver.
If I were mining just Silver I'd probably want a landslide to come and cave my mine.
Collect the Silverstein insurance payout.
Re: Cassandra! Andrew Hoffman
Quote:
Originally Posted by
Horn
Anyone care to tell us what the real world value of Gold and Silver are?
A dozen female goats for an oz of gold, and 2-3 laying hens for an oz of silver. But you have to haggle...
Re: Cassandra! Andrew Hoffman
Quote:
Originally Posted by
Neuro
A dozen female goats for an oz of gold, and 2-3 laying hens for an oz of silver. But you have to haggle...
Gold guys would never have it that way,
they'd also want the 3 laying hens in exchange to "top off" the trade. :)
Is close I think though.
3 laying hens for an oz of silver, 2 and you're just being jewish....
Re: Cassandra! Andrew Hoffman
Quote:
Originally Posted by
Horn
Gold guys would never have it that way,
they'd also want the 3 laying hens in exchange to "top off" the trade. :)
Is close I think though.
3 laying hens for an oz of silver, 2 and you're just being jewish....
Give the goat herder an oz of silver and he'll go and buy you the hens, but don't expect any change back on the gold... :)
Re: Cassandra! Andrew Hoffman
Just keep it all in goats, you're trying to manipulate the market with your hen trade inclusion.
15 goats for an oz. of Gold.
2 for an oz. of Silver.
then I will give you 1 goat for 5 hens.
Re: Cassandra! Andrew Hoffman
Quote:
Originally Posted by
Horn
Just keep it all in goats, you're trying to manipulate the market with your hen trade inclusion.
15 goats for an oz. of Gold.
2 for an oz. of Silver.
then I will give you 1 goat for 5 hens.
One would have to watch out, with the hens all it would take would be access to a rooster and then you would have a case of inflation of your assets with their value dropping in proportion to the rising population of cluckers.
Re: Cassandra! Andrew Hoffman
Only on GSUS could a thread about a Hoffman article on gold and silver turn into a trading house for goats and chickens. Someone please pass me the Haldol.
Re: Cassandra! Andrew Hoffman
Quote:
Originally Posted by
mamboni
Only on GSUS could a thread about a Hoffman article on gold and silver turn into a trading house for goats and chickens. Someone please pass me the Haldol.
That'll be 25mg for 2-3 eggs.
Re: Cassandra! Andrew Hoffman
Quote:
Originally Posted by
Horn
That'll be 25mg for 2-3 eggs.
Deal. My chickens produce 1 dozen big fat jumbo brown eggs every day - delicious!
