Bitcoin Forum

Economy => Speculation => Topic started by: smoothie on August 19, 2012, 08:47:37 AM



Title: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: smoothie on August 19, 2012, 08:47:37 AM
MORE CENTRAL BANK "money" PRINTING ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ==> HIGHER COST TO MINE BITCOINS ==> HIGHER BTC PRICE?


Despite more efficient mining hardware in the months and years to come.


Discuss


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: GeniuSxBoY on August 19, 2012, 08:52:59 AM
no


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: waspoza on August 19, 2012, 08:54:35 AM
maybe


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: benjamindees on August 19, 2012, 09:00:58 AM
Electricity costs are only tied to oil prices in really stupid places like Alaska and Florida.


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: smoothie on August 19, 2012, 09:03:33 AM
Electricity costs are only tied to oil prices in really stupid places like Alaska and Florida.

So how do you get your electric? Solar?

Where I live and reside oil is the main proponent for electric costs.


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: benjamindees on August 19, 2012, 09:07:09 AM
http://upload.wikimedia.org/wikipedia/commons/thumb/8/83/2008_US_electricity_generation_by_source_v2.png/753px-2008_US_electricity_generation_by_source_v2.png

Most electricity is generated using coal.


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: Kupsi on August 19, 2012, 09:09:46 AM
MORE CENTRAL BANK "money" PRINTING ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ==> HIGHER COST TO MINE BITCOINS ==> HIGHER BTC PRICE?


Despite more efficient mining hardware in the months and years to come.


Discuss
MORE CENTRAL BANK "money" PRINTING ==> INFLATION ==> HIGHER BTC PRICE


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: silverbox on August 19, 2012, 09:12:53 AM

Man I should get me a coal powered car ;)

Oh wait they sell them already..  They just label them electric ;)


Title: Re: MORE FIAT ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ...
Post by: smoothie on August 19, 2012, 09:14:39 AM

Maybe then I should have just left it as all things of real value will go up in their paper price thus producing a higher price all around.