Quote from: AirC on July 14, 2014, 11:26:03 PM

Quote from: Group Bitcoin on June 26, 2014, 06:39:11 PM

Quote from: PilotofBTC on June 26, 2014, 06:30:16 PM

Quote from: Group Bitcoin on June 26, 2014, 05:54:38 PM

Currently ASIC hardware efficiency is around 1w per GH/s, things like Terraminers much worse anyway so anyway 1w per GH/s... 1000GH/s = 1TH/s at PB's current price around $2000 ($2 per GH/s)...

1w per GH/s for how long?

If it is 1w per GH/s and 1w is .001 kwh at .10 = .0001 per GH/s in electricity costs?

1000GH/s = 1000w x 87600hours (10years) = 87600 kwh x .10 = $876 / 1000 = .876cents per GH/s for electricity.

Also, cloudhashing is going to be selling contracts at $1.99 per GH/s starting aug 1. Are you saying that doesn't even cover the electricity for the year of the contract?

1w per GH/s for how long? Doesn't make sense as a reply question... we know how long it's supposed to be 5 year contracts,
why are you talking about 10years ?

1w per GH/s is the efficiency of the hardware, 1w of electricity per GH/s...

Sooooo 1000GH/s uses 1000w (1Kw)... 1TH/s would use 1KW

1Kw at $0.10 per Kwh (Washington price) run for 5 years is over $4000 FACT.

FOR ELECTRICITY ALONE. There is no such thing as free data centers and hardware to go along with that.

It should be called PB mysterious payouts not 'mining' because they are not. Maths is quite well respected it's running the computer your reading this on and it clearly proves the utter impossibility to mine for 5 years with no further fees at $2 per GH/s.

This is spot on. But you know what?

Most wont care as long they get btc as they were promised lol.

And this is all said to prove what?
Some just want btc, some uses it to build their own labs.
So I ask what are you really trying to prove or do.
Don't like it, don't use it.