Yes.
Bitcoin network eats ~$1mln daily for processing ~100k transactions
So one transaction costs ~$10
Who pays this cost? Hodlers by devaluating their stakes.
Topic: How much is spent on bitcoin mining? - page 2. (Read 1349 times)
Would be interesting to know how much has been spent on bitcoin mining. This is an amount that could potentially go towards the Epistemic Standard Economy.
There's articles about investments from VC in the bitcoin space, but there isn't much about the numbers being spent on mining. Probably not easy to get a concrete number with the network hashrate changing, factoring in that a top miner would have a high price the previous year for less Gh/s compared to the next, and several other things to consider.
If we were to go by this article http://www.datacenterknowledge.com/arch ... half-2014/ (from last July) it costs $1.5 – $2 million to deploy 1 petahash.
At the current network speed of ~300 Ph/s that figure would be around $450 million. (300 x 1.5)
There's articles about investments from VC in the bitcoin space, but there isn't much about the numbers being spent on mining. Probably not easy to get a concrete number with the network hashrate changing, factoring in that a top miner would have a high price the previous year for less Gh/s compared to the next, and several other things to consider.
If we were to go by this article http://www.datacenterknowledge.com/arch ... half-2014/ (from last July) it costs $1.5 – $2 million to deploy 1 petahash.
At the current network speed of ~300 Ph/s that figure would be around $450 million. (300 x 1.5)
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