Newbie question:
What is the current fair price to obtain 1 cure coin? I am not asking the potential price just the current fair market value based on cost of production..
Thank you!
The fair market value is highly variable because of how much potential a coin like this has - mining is obviously more profitable in the beginning too.
However, with that said, we are at around 120,000,000 PPD though going up ~50% / day
A single Nvidia 780 ti (one of the most efficient cards) can generate 200k PPD and the system cost is probably $1200 at least and uses 350 watts for your whole system let's assume total 385 watts if you have a 90% PSU.
200,000 / 120,000,000 * 7488 =
12.5 coins per day
Personally, my electricity is $0.36 / kWh, but I'm going to assume your electricity is $0.16 / kWh because most people's electricity isn't as expensive as mine.
385 * 24 = 9.24 kWh / day ($0.16 / kWh) =
$1.48 / day in electricity
Plus let's assume you want to pay back your system over 1.5 years which I think is quite fair.
That means you need to be making another $2.20 / day
Therefore, your total raw daily cost is: $3.68/day
At 12.5 curecoins
And $450 / BTC
That gets you $0.30 / curecoin or 0.00067 BTC / curecoin roughly 20% of what they are currently selling for.
However, many factors effect this - the coin has a lot of potential and futuristic value. More so the value in cost is going up by around $0.40 / day. More so with the risk of more expensive electricity, other costs, and for real productivity a desire to pay off rigs sooner, I would put a fair value price of $1.00 not counting future potential as you ask. However, cryptocurrencies can often be looked as to similar to stocks in some senses and future potential is a big factor for both of them.
At the current rate, in 5 days they'll be $3, in 50 they'll be $27 - and so on. They probably won't rise that fast but future potential is a big factor 2 days ago we were mining at 1/10 the rate we are mining and as we work on some of the initial problems, more miners are joining, some with dedicated farms with curecoins. There is also the thing that once scrypt asic miners become more common many GPU rigs will switch over to coins such as this.
Therefore, I would put an overall fair value of $5/curecoin at this point in time - and personally have already bought what I could for this price.
Hope this helped with your investing and decisions,
Cameron
