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npl (OP)
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November 27, 2013, 06:24:38 PM
 #1
It's showing over $11 million per 24h

https://blockchain.info/stats

But I'd estimate the cost at no more than $150,000. This is affecting many of the other stats (operating profit).

Why the gross discrepancy? Do they want to discourage people from mining?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Zelek Uther
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November 27, 2013, 07:03:02 PM
 #2
It's a holdover from the GPU mining days. The electricity consumption of 650W per GH/s and equipment cost of $1,000 per GH/s are based on GPU mining costs.

They really should update this to reflect typical ASIC values.
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November 27, 2013, 10:21:54 PM
 #3
They are too lazy to change the graph , or rather to delete it.
Anyhow the cost are average , nobody knows how efficient , how many and at what electricity cost the new asics run.

There is so much difference between the new miners like knc and the old ones it'a  a pain in the ass to calculate this.

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November 28, 2013, 02:04:02 AM
 #4
Yeah dont pay attention to those graphs, they are still in the year 2010...
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