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April 13, 2013, 11:50:33 PM |
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I think it would be interesting and perhaps informative to see how gold and bitcoin relate, as they are very similar.
So how much would a bitcoin weigh and be worth if it was gold?
The total amount of bitcoins mined: 11,030,500 BTC The estimated total amount of gold mined: 190,000 tonnes 1 tonne of gold converted to USD: $47321772.64
Some other factors that are important for getting more useful results: -Average gold price. -Total amount in circulation of both BTC and gold. -Cost to mine bitcoin in comparison to gold (At what point it becomes profitable). -Mining rates of bitcion in comparison to gold.
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