Author

Topic: Bitcoin equivalence rate (Read 669 times)

newbie
Activity: 5
Merit: 0
August 07, 2014, 04:30:30 AM
#6
@Omniescient: only if we expect improvement of hardware (lower costs and or power used) to be static or decline relative to the difficulty. e.g if in theory someone creates a bitcoin miner with 0 costs (capital and power), then the "fundamental" cost of obtaining bitcoins is 0

@railzand: the list is a compilation of "current-gen" hardware, even if some are not shipping yet. This best reflects the opportunity cost of buying/pre-ordering hardware v.s. buying from an exchange
sr. member
Activity: 462
Merit: 250
Lux e tenebris
August 07, 2014, 04:07:07 AM
#5
pl extract bfl. or can they be bought?
newbie
Activity: 14
Merit: 0
August 07, 2014, 03:59:33 AM
#4
i think when diff allways increase . price of bitocin will raise again
curious to understand about that.
newbie
Activity: 5
Merit: 0
August 07, 2014, 03:27:26 AM
#3
Added Smiley Yeah the AntMiner S3 seems to be quite profitable if you manage to get your hands on it.

At some stage if there is enough interest I'll probably add user input so you can specify your own hardware.
Also working on modelling the "improvement to hardware over time" so I can create a rate forecast report.
sr. member
Activity: 462
Merit: 250
Lux e tenebris
August 07, 2014, 02:53:58 AM
#2
It's quite interesting. Need to add more manufacturers esp. bitmain.
newbie
Activity: 5
Merit: 0
August 06, 2014, 11:24:47 PM
#1
Had this idea for a while now, so I decided to hack this up over the weekend.
The hypothesis is that buying hardware achieves the same as buying BTC over an exchange.
The idea is that by using this fact I can judge BTC's fundamental value as a long term investor.

http://btcdifficulty.com/
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