📅 Original date posted:2014-10-28
📝 Original message:On Tue, Oct 28, 2014 at 10:43 PM, Gregory Maxwell <gmaxwell at gmail.com>
wrote:
> > As of now the cost per block is probably already about 100USD, probably
> in
> > the 50-150USD.
>
> This is wildly at odds with reality. I don't mean to insult, but
> please understand that every post you make here consumes the time of
> dozens (or, hopefully, hundreds) of people. Every minute you spend
> refining your post has a potential return of many minutes for the rest
> of the users of the list.
>
> At current difficulty, with a SP30 (one of the
> leading-in-power-efficiency) marginal break-even is ~1144.8852 * $/kwh
> == $/btc.
>
> At $0.10/kwh each block has an expected cost right now, discounting
> all one time hardware costs, close to $3000.
>
yes, you're right I meant about $100USD per BTC, i.e. $2500 per block.
Because of my mistake I'll shut up and go back researching the archive on
this issue.
Thank you for the kind summary of the many good reasons why halving is a
non-issue. Very much appreciated, especially considering how precious is
your time.
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Ferdinando M. Ametrano [ARCHIVE] /
npub189…xhudz
2023-06-07 15:27:00
in reply to nevent1q…5cmg
Author Public Key
npub1898wx5qz8xkgqk06la9ukfzk2dfvv0ejmrnu7akzwzj66ekt6p4qdxhudzPublished at
2023-06-07 15:27:00Event JSON
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"content": "📅 Original date posted:2014-10-28\n📝 Original message:On Tue, Oct 28, 2014 at 10:43 PM, Gregory Maxwell \u003cgmaxwell at gmail.com\u003e\nwrote:\n\n\u003e \u003e As of now the cost per block is probably already about 100USD, probably\n\u003e in\n\u003e \u003e the 50-150USD.\n\u003e\n\u003e This is wildly at odds with reality. I don't mean to insult, but\n\u003e please understand that every post you make here consumes the time of\n\u003e dozens (or, hopefully, hundreds) of people. Every minute you spend\n\u003e refining your post has a potential return of many minutes for the rest\n\u003e of the users of the list.\n\u003e\n\u003e At current difficulty, with a SP30 (one of the\n\u003e leading-in-power-efficiency) marginal break-even is ~1144.8852 * $/kwh\n\u003e == $/btc.\n\u003e\n\u003e At $0.10/kwh each block has an expected cost right now, discounting\n\u003e all one time hardware costs, close to $3000.\n\u003e\n\nyes, you're right I meant about $100USD per BTC, i.e. $2500 per block.\nBecause of my mistake I'll shut up and go back researching the archive on\nthis issue.\n\nThank you for the kind summary of the many good reasons why halving is a\nnon-issue. Very much appreciated, especially considering how precious is\nyour time.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20141028/2e7c0fc3/attachment.html\u003e",
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