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Author Topic: Bitcoin Calculation help page  (Read 800 times)
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Billyboy402
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February 26, 2015, 12:58:51 AM
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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 [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

https://docs.google.com/document/d/1qPCwriWQVtaLnP0qUfGN_khdzeFYoHFpYkP8Z-vBjqM/edit?usp=sharing

Calurlation page


https://docs.google.com/spreadsheets/d/1L_X4g0lfm1zajzj8srkf5enV0u1OlyFuYMq9u36UwkE/edit?usp=sharing







**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

https://docs.google.com/document/d/1ChA9eTw6CyT_IEst6FgSkfa-nuw3XnynBSswMmow9uA/edit?usp=sharing



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


THIS ACCOUNT WAS HACK > SORRY FOR ANY ONE THAT HAS DEALT WITH THIS ACCOUNT.
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