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Title: We need BTC mining index! Post by: Dioptriy on August 17, 2013, 08:33:35 PM We need some kind of BTC mining index that will show average price of mining of 1 BTC
It will be a great instrument for traders and mining investors I understand that calculating it will be deficult because all custom chips are kind of a black market but still we need it in any aproximation what do you think? Title: Re: We need BTC mining index! Post by: steban on August 21, 2013, 05:18:32 AM I could create a simple website with the data and an API for other people to access it.
What variables will need to be used in order to calculate it? - Energy costs - Hardware costs ??? Title: Re: We need BTC mining index! Post by: Dioptriy on August 25, 2013, 11:16:37 AM average hardware costs in network. wich is the hardest . for example last 300Th added to the network are of unknown origin. asicminer most likely and how much they spent on their new asic is a mystery.
also when calculating hardware costs in mining we should consider network and difficulty growth temps which are also a mystery. the more i think about it, the more i doubt that this index is possible in even 200% approximation |