Bitcoin equivalence rate

[nehz]

Had this idea for a while now, so I decided to hack this up over the weekend.
The hypothesis is that buying hardware achieves the same as buying BTC over an exchange.
The idea is that by using this fact I can judge BTC's fundamental value as a long term investor.

http://btcdifficulty.com/

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[railzand]

It's quite interesting. Need to add more manufacturers esp. bitmain.

[nehz]

Added Yeah the AntMiner S3 seems to be quite profitable if you manage to get your hands on it.

At some stage if there is enough interest I'll probably add user input so you can specify your own hardware.
Also working on modelling the "improvement to hardware over time" so I can create a rate forecast report.

[Omniescient]

i think when diff allways increase . price of bitocin will raise again
curious to understand about that.

[railzand]

pl extract bfl. or can they be bought?

[nehz]

@Omniescient: only if we expect improvement of hardware (lower costs and or power used) to be static or decline relative to the difficulty. e.g if in theory someone creates a bitcoin miner with 0 costs (capital and power), then the "fundamental" cost of obtaining bitcoins is 0

@railzand: the list is a compilation of "current-gen" hardware, even if some are not shipping yet. This best reflects the opportunity cost of buying/pre-ordering hardware v.s. buying from an exchange