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smoothie (OP)
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August 19, 2012, 08:47:37 AM
 #1
MORE CENTRAL BANK "money" PRINTING ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ==> HIGHER COST TO MINE BITCOINS ==> HIGHER BTC PRICE?


Despite more efficient mining hardware in the months and years to come.


Discuss
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August 19, 2012, 08:52:59 AM
 #2
no
Be humble!
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August 19, 2012, 08:54:35 AM
 #3
maybe
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August 19, 2012, 09:00:58 AM
 #4
Electricity costs are only tied to oil prices in really stupid places like Alaska and Florida.
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August 19, 2012, 09:03:33 AM
 #5
Quote from: benjamindees on August 19, 2012, 09:00:58 AM
Electricity costs are only tied to oil prices in really stupid places like Alaska and Florida.

So how do you get your electric? Solar?

Where I live and reside oil is the main proponent for electric costs.
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August 19, 2012, 09:07:09 AM
 #6


Most electricity is generated using coal.
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August 19, 2012, 09:09:46 AM
 #7
Quote from: smoothie on August 19, 2012, 08:47:37 AM
MORE CENTRAL BANK "money" PRINTING ==> HIGHER OIL PRICES ==> HIGHER ELECTRIC COSTS ==> HIGHER COST TO MINE BITCOINS ==> HIGHER BTC PRICE?


Despite more efficient mining hardware in the months and years to come.


Discuss
MORE CENTRAL BANK "money" PRINTING ==> INFLATION ==> HIGHER BTC PRICE
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August 19, 2012, 09:12:53 AM
 #8
Quote from: benjamindees on August 19, 2012, 09:07:09 AM


Most electricity is generated using coal.

Man I should get me a coal powered car Wink

Oh wait they sell them already..  They just label them electric Wink
smoothie (OP)
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August 19, 2012, 09:14:39 AM
 #9
Quote from: benjamindees on August 19, 2012, 09:07:09 AM


Most electricity is generated using coal.

Maybe then I should have just left it as all things of real value will go up in their paper price thus producing a higher price all around.
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                   ²²²                 
███████████████████████████████████████

 . ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
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