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We need BTC mining index!
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Topic: We need BTC mining index! (Read 868 times)
Dioptriy
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We need BTC mining index!
August 17, 2013, 08:33:35 PM
Last edit: August 18, 2013, 08:20:41 PM by Dioptriy
#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?
wex nz took all my money. if you can help in anyway pls contact me
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6
confirmations
) will be very difficult to remove.
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steban
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Re: We need BTC mining index!
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
Dioptriy
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Re: We need BTC mining index!
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
wex nz took all my money. if you can help in anyway pls contact me
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