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Showing 7 of 7 results by Bytecoiner
I'm more interested in the cost per bitcoin provided by the BFL unit.
I figure that value is a "floor" value for bitcoins since prospective miners are willing to pay that much for a bitcoin. A prospective miner would presumably buy bitcoins instead of running his mining rig if coin value drops below the cost of running the rig.
So, what is the cost of running a mining rig in BTC/$?
This would also allow me to make an intelligent decision regarding turning the garage into a bitcoin mine...
I figure that value is a "floor" value for bitcoins since prospective miners are willing to pay that much for a bitcoin. A prospective miner would presumably buy bitcoins instead of running his mining rig if coin value drops below the cost of running the rig.
So, what is the cost of running a mining rig in BTC/$?
This would also allow me to make an intelligent decision regarding turning the garage into a bitcoin mine...
By that line of reasoning the floor value of bitcoin is only ever going to rise.
Exactly. As long as there are people willing and able to run mining rigs, the minimum cost of a BTC should be greater than the cost of running a mining rig. So, what is the magic number?
You may as well as 'how long is a piece of string?'. It depends on what kind of rig you're using, the general price of electricity in the country you're living in, the specific utility provider you use, on/off-peak rates etc.
Re: Bitcoin - Price History Analysis (excel?)/ Trends and Regression/Correlation
Would there be any way to source, say, mean daily trade values since the inception of Bitcoin in a format that you could easily paste into Excel?
I took a chance and ordered a 5 GH/s unit. If it turns out to be a scam, then I will launch a kickstarter project to build an open sourced ASIC.
Cool. What manufacturing background do you have?
I'm more interested in the cost per bitcoin provided by the BFL unit.
I figure that value is a "floor" value for bitcoins since prospective miners are willing to pay that much for a bitcoin. A prospective miner would presumably buy bitcoins instead of running his mining rig if coin value drops below the cost of running the rig.
So, what is the cost of running a mining rig in BTC/$?
This would also allow me to make an intelligent decision regarding turning the garage into a bitcoin mine...
I figure that value is a "floor" value for bitcoins since prospective miners are willing to pay that much for a bitcoin. A prospective miner would presumably buy bitcoins instead of running his mining rig if coin value drops below the cost of running the rig.
So, what is the cost of running a mining rig in BTC/$?
This would also allow me to make an intelligent decision regarding turning the garage into a bitcoin mine...
By that line of reasoning the floor value of bitcoin is only ever going to rise.
Not really, because delays to BFL mean that the opportunity cost of having my fiat tied up with them for so long would have made it a less-than-profitable venture. If getting the growing pains over in the first wave means that the second batch of BFL rigs come much more smoothly then I might just give it a look.
as for using paypal dont really have much choice in the UK
Yet. Bitcoin will find a way.
