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Topic: Economics of mining today - page 2. (Read 2912 times)

member
Activity: 84
Merit: 10
July 05, 2013, 02:11:07 AM
#1
Question: if you buy one of these:

50 GH/s Bitcoin Miner
BitForce 50 GH/s Miner
$2,499.00

http://www.butterflylabs.com/

Turn it on 24/7/365...

How many coins could you mine per month (roughly)?

How much electricity would it cost (roughly)?

This is an economic question, as I am primarily trying to understand the motives and likely actions of miners - i.e., hording or selling of bitcoins.

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