Quote from: uralcryptocoin on October 20, 2017, 02:05:33 PM

Quote from: achkn on October 20, 2017, 12:02:22 PM

Quote from: uralcryptocoin on October 20, 2017, 10:17:35 AM

Quote from: votecoin.site on October 20, 2017, 07:48:42 AM

Quote from: testaaaa11 on October 19, 2017, 04:06:45 PM

So if 0.1 BTC purchases 33,333 votecoin then each votecoin is worth 333 sat (approx $0.01). As of this posting 28.46 BTC has been raised out of their expected 200 BTC estimate. Ouch.

The VoteCoin network hashrate is around 500 Ksol/s long term.
Such power costs 0.4 BTC per day and daily network reward is 74000 VOT
That means mining 1 VOT costs 0.03 USD.
If you purchase VOT in ICO, you get VOT for $0.01, that is THREE TIMES CHEAPER.

It's too high electricity cost. Upon the average mining of 1VOT costs about 0.005-0.01 $

GTX 1060 for example - 150 coins per day. 120W/h of power. 120*24=2880WpD 2880/150=19,2 to VOT per day

New York 15.28 Cents per kW 0,1528$ 2,880*0,1528=0,440064$ per Day

0,440064/150=0,00293376$ 0,00293376/5646(Current BTC price)=0.00000051 SAT per VOT

ICO PRICE 0.00002 + 600%bonus = 0.00000333 SAT per VOT

0,00000285-0.00000051=0.00000234 SAT profit

0.00000051 SAT pure energy price 0,00293376$ per VOT
0,00000285 SAT ICO price 0,016124976$ now per VOT

Strange calculation:
GTX1060 gives about 300 sol/s. At current net hashrate 450000 sol/s GTX1060 will give 300/450000*72000=48 VOT

And I wouldn't like to live in NY Cheesy

At my countryside electricity about 2-3 cents per kW/h
Thus for approximatelly correct calc should take a mean value of electricity cost

Yes at current net hashrate 49 VOT. You right. 1 month of electricity wastage LOL Grin