I still owe an explanation... here it is...
A quote from BC
FAQs,
'So your wealth is determined by...':
There's a constant average rate of new Bitcoins created, and that amount is divided among the nodes by the CPU power they use.User X as a sole participant in the system generates coins with rate R bitcoins/hour. This is the global rate. If another participant Y joins the system now both participants are generating with the same (global) rate. If their CPU power is equal they will generate (R/2)/hour bitcoins each. With every new participant the price of bitcoin generation will go higher and higher. So high eventually that...
The easier way to gain a lot of wealth would be trading goods.NLS, your methodology is right when used to evaluate the price at which you are generating your bitcoins. I'm trying to say that price of generation is not equal to the actual market price. For evaluation of the market price you need a market.
You can easily create a ฿/$ exchange service. Just provide a place where anyone is able to post bid/ask prices. Whenever there are corresponding bid and ask a deal would take place. A classical market.