Bitcoin Forum
August 20, 2018, 02:11:23 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
   Home   Help Search Donate Login Register  
Pages: [1]
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.
Hero Member
Offline Offline

Activity: 616
Merit: 500

View Profile
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 Smiley  

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 [](
[Reddit They do maths ](
~~(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

Please feel free to comment on any pages and further questions.

Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!