3 million dollars per day is invested into bitcoin

[wopwop]

for mining purposes only

[atleast]

[Impaler]

Electricity, new Equipment or both?   Do you have ANY analysis to back up your number?  If we know roughly what kind of equipment is being used and what it's selling for then it should in principle be possible to calculate both electricity consumption and outlays for new hardware so I would very much like to see some analysis along those lines that can produce some estimates that are based in reality.

[lnternet]

I think he just means all the mined coins are worth 3m a day?

[Impaler]

Then he confuses the word 'invest' with 'gross revenue'.  But even that is being generous because miners are clearly not liquidating for coins at the rate they mine them, rather they are building huge unrealized-gains, likely beyond the ability of the market to ever make real.  The total USD depth on Gox is in the range of 25 million, so that would mean the BTC's mined in only the last WEEK would drain the whole system dry if liquidated at this value.