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 Author Topic: Bitcoin Calculation help page  (Read 800 times) This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
Billyboy402
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Merit: 500

 February 26, 2015, 12:58:51 AM

There a formula for every thing is this world, We just haven't worked out the the corresponding one for this yet - BillyBoy

I am looking at creating some interesting data point so we can record it down in history.

All feedback is welcome - I am hoping other member are smarter then my self and can help out the community. Please correct me on any spelling or calculation

I have also create a post on [https://bitcointalk.org](http://reddit.com)
[Reddit They do maths ](www.reddit.com/r/theydidthemath)
www.reddit.com/r/theydidthemath
~~(to be update)~~

Question 1 updated 18/FEB/2015
Total cost of creating Bitcoin and running bitcoin network?

This would include
Total = (Deprecation hardware + electricity cost) X total network hash rate per day

I am going to create a table
But I need the community help with date and numbers

Like -

* What date did GPU mining start ?
* what date would 50% & 100% finish GPU mining to start mining with asic ( when did to become to unprofitable
* When was the first mass produce Aisc
* To work out avg power cost would need to kinda work out location of miner / eg: atm it limited to cheap power country but at one stage every one was doing it.

** Information about Node would be great help**
* cost to run a node ( min computer spec )  + power

I have started some note

Calurlation page

**Question 2**
How many BTC has been transacted  (USD-value) against what fee's.? ( question was ask by other user)

**Question 3 update 18/FEB/15**
The value of bitcoin needed if we wanted X amount of population to transfer \$Y value @ any one time

I have started creating the information - NO i am not saying that bitcoin should be only \$0.12 USD
I will need to finish getting data from |total cost of creating bitcoin ÷ each bitcoin created
I am going to guess that the avg cost to create each bitcoin will be about \$10 or sooo