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Title: How much would bitcoin be worth and weigh if it was gold? Post by: Abandon on April 13, 2013, 11:50:33 PM I think it would be interesting and perhaps informative to see how gold and bitcoin relate, as they are very similar.
So how much would a bitcoin weigh and be worth if it was gold? The total amount of bitcoins mined: 11,030,500 BTC The estimated total amount of gold mined: 190,000 tonnes 1 tonne of gold converted to USD: $47321772.64 Some other factors that are important for getting more useful results: -Average gold price. -Total amount in circulation of both BTC and gold. -Cost to mine bitcoin in comparison to gold (At what point it becomes profitable). -Mining rates of bitcion in comparison to gold. |