This is a calculation I use to estimate the value of a coin based on the mining difficulty alone:
5 Mh/s ~ 600 SMC / day
A decent day of mining yields around $75 at 5 Mh/s.
Current BTC price: $785
$75/ $785 = 0.09554 BTC / 600 SMC = 0.0001592 BTC / SMC
So roughly 6280 SMC / 1 BTC
This of course excludes what future coin prices could be, but it does give you a look at current mining profitability and where the coin is trading at.
Let me know what you guys think!
Mining a new untested coin and one which is not on an exchange is riskier than mining a coin that is on an established exchange, therefore it should command a premium price for the extra risk involved, as in more than .0001592
False. It is much risk for buyer, not for miner. That is why price should be less.
BTW, how can I receive my 60 SMC bonus?
Miner has the risk at wasted opportunity cost. Buyers and miners have risk, that's why there is potential for greater reward for both (at the time).
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