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Author Topic: Graph: Exchange price relative to computing cost  (Read 2468 times)
mortenh
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June 12, 2011, 12:14:13 AM
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I'm starting to subscribe to the idea that the price of a BTC should be related to the cost of creating it.  To this end, I have created a graph plotting the development of the two factors on a logarithmic scale:

http://fnoose.com/bitcoin/analysis/

edit: this old graph made by someone else displays similar information: http://bitcoin.atspace.com/income.html
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fabianhjr
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June 12, 2011, 01:13:42 AM
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Nice one, could you develop a "live" chart showing Market x between network difficulty?

grod
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June 12, 2011, 01:24:49 AM
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I've been trying to bend my brain into figuring out how to put a true $ cost of generating 100Mhash/sec into a similar graph.  Maybe I'll use the average worker speed from the 3 mining pools as a proxy for the declining cost per Mhash/sec.  That might work -- but I don't think that data is easily available.
Sukrim
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June 12, 2011, 01:37:02 AM
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I liked the "USD per 100MH/s" one more...

Is there a reason why you display only so little data?

https://www.coinlend.org <-- automated lending at various exchanges. No fees(!).
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
mortenh
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June 12, 2011, 01:58:33 AM
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Is there a reason why you display only so little data?

I couldn't get ahold of MtGox trade history for more than 24 hours back.

could you develop a "live" chart showing Market x between network difficulty?

I don't understand this question.  My chart is already updated automatically, if that's what you're asking.
fabianhjr
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June 12, 2011, 02:03:40 AM
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Oh, that is really cool. Can I hotlink to it from any website/blog/twitter?

mortenh
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June 12, 2011, 02:12:58 AM
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Oh, that is really cool. Can I hotlink to it from any website/blog/twitter?

Yes.  You may also be interested in my other tool: http://fnoose.com/bitcoin/arbitrage/
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June 12, 2011, 08:36:44 AM
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Is there a reason why you display only so little data?

I couldn't get ahold of MtGox trade history for more than 24 hours back.

Bitcoin Charts has that information. Look at their API.

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