Quote from: ohiofarmer on March 28, 2014, 05:42:01 PM

ArsTechnica just posted a story about Dave Carlson who says he's 'slightly below' his target of 7-10 percent of the world's mining power! He's running more than 1.4 million BitFury mining chips out of Washington state. The company has less than 10 people and Carlson owns about 5,000 bitcoins. He didn't even get his first rigs up and running until July 2013. Quite an accomplishment!

The full story's here: http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/

old news.. a couple weeks ago we already worked out that the $8m income versus (at the time) the $650 btc price worked out as 11%-12% of coins. something a little over 2.7btc per block out of 25btc.

Quote from: Bonio on March 28, 2014, 05:48:39 PM

wonder how the drop in price will hit his bottom line?

if he did not add any more miners in the last 2 weeks to keep up with difficulty changes, he would now be making less percent of block rewards. and with prices nearing the $500 area his value of that reward is now also 23% less.

if he managed to stick with 11% mining reward. then just the price drop wold make that $8m value per month would now be around $6m a month.

the time between the interview and today the difficulty went from 4 billion to 5 billion. (25%) so if he has not bought more miners.. then his monthly value due to less then 11% of block rewards now being just above 8% (2btc per block) would mean his new income $4.32m based on todays price