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Author Topic: We need BTC mining index!  (Read 800 times)
Dioptriy
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August 17, 2013, 08:33:35 PM
 #1

We need some kind of BTC mining index that will show average price of mining of 1 BTC
It will be a great instrument for traders and mining investors

I understand that calculating it will be deficult because all custom chips are kind of a black market but still we need it in any aproximation
what do you think?

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steban
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August 21, 2013, 05:18:32 AM
 #2

I could create a simple website with the data and an API for other people to access it.

What variables will need to be used in order to calculate it?

- Energy costs
- Hardware costs

Huh
Dioptriy
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August 25, 2013, 11:16:37 AM
 #3

average hardware costs in network. wich is the hardest  . for example last 300Th added to the network are of unknown origin. asicminer most likely   and how much they spent on their new asic is a mystery.
also when calculating hardware costs in mining we should consider network and difficulty growth temps which are also a mystery.
the more i think about it, the more i doubt that this index is possible in even 200% approximation

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