Price Bitcoins Now
It is very likely that you heard news of PeteChain going through the $ 2,000 barrier up or down. There are those who believe that this price is exaggerated, but there are many who believe that the price does not give Bitquin right. One of the reasons for this is that the fact that the bitquin is a commodity needs a large amount of electricity to produce it and is supposed to be priced at least as close to the price of electricity consumed for production or slightly higher by virtue of the prospectors played a vital role of the network of the PeteChoen, and therefore must be paid To do this. We can see exactly what the prospectors are doing in their operations. There are websites that publish these statistics, but this can be verified by analyzing the records of the KFH accounts as well. At the time of writing, the prospectors had achieved $ 3,925,863 in the last 24 hours. This may seem huge, but the exploration needed 11,388,578 GHz / second, which is also a very large number and requires a great deal of electricity to do so. It is not easy to figure out the cost of doing so, but some calculations you give can be done in a close approximation of the situation. Suppose that most prospectors use Radeon 5870 video card devices that are considered to be one of the most cost-effective on this site. The Radeon 5870 can run 402 megahash per second and cost about $ 1.2 per day if it is used on a device with two cards of the same type in the United States where it can be said that the price of electricity is relatively cheap. To reach the above result we need to use 14,164,898 devices at a cost of $ 16,997,877, representing a loss of $ 13,072,014 per day for prospectors. It is true that most prospectors do not use graphics cards, but rather exploration devices, but these devices will need to offer the folds of graphics cards to become profitable. It should be noted that some sites were previously published an estimate of the amount of loss / profit recorded by prospectors, but seem to have stopped doing so for reasons we do not know. Some may think that it was not possible to give a precise estimate of the amount of loss or profit recorded by prospectors, and therefore it was eliminated. However, it is very possible that this has been eliminated so that prospectors can not be excluded from the prospecting. From the perspective of the prospectors, the price of the current Betquin is much lower than it should be, so you will find that they do not want to sell their currencies at low prices because they have used huge amounts of electricity to produce them, in addition to investing in special equipment to do so. The situation will worsen for them unless the number of prospectors falls significantly, as the number of currencies to be produced will be halved every 4 years. In contrast, large amounts of bitquin were produced very cheaply at the beginning of the coin. The number of prospectors was very small and the hardness factor was very low and therefore required less electricity. This created a state of imbalance within the currency network. The old sell their currencies without recording losses compared to those who joined the front prospectors recently.
It is very likely that you heard news of PeteChain going through the $ 2,000 barrier up or down. There are those who believe that this price is exaggerated, but there are many who believe that the price does not give Bitquin right. One of the reasons for this is that the fact that the bitquin is a commodity needs a large amount of electricity to produce it and is supposed to be priced at least as close to the price of electricity consumed for production or slightly higher by virtue of the prospectors played a vital role of the network of the PeteChoen, and therefore must be paid To do this. We can see exactly what the prospectors are doing in their operations. There are websites that publish these statistics, but this can be verified by analyzing the records of the KFH accounts as well. At the time of writing, the prospectors had achieved $ 3,925,863 in the last 24 hours. This may seem huge, but the exploration needed 11,388,578 GHz / second, which is also a very large number and requires a great deal of electricity to do so. It is not easy to figure out the cost of doing so, but some calculations you give can be done in a close approximation of the situation. Suppose that most prospectors use Radeon 5870 video card devices that are considered to be one of the most cost-effective on this site. The Radeon 5870 can run 402 megahash per second and cost about $ 1.2 per day if it is used on a device with two cards of the same type in the United States where it can be said that the price of electricity is relatively cheap. To reach the above result we need to use 14,164,898 devices at a cost of $ 16,997,877, representing a loss of $ 13,072,014 per day for prospectors. It is true that most prospectors do not use graphics cards, but rather exploration devices, but these devices will need to offer the folds of graphics cards to become profitable. It should be noted that some sites were previously published an estimate of the amount of loss / profit recorded by prospectors, but seem to have stopped doing so for reasons we do not know. Some may think that it was not possible to give a precise estimate of the amount of loss or profit recorded by prospectors, and therefore it was eliminated. However, it is very possible that this has been eliminated so that prospectors can not be excluded from the prospecting. From the perspective of the prospectors, the price of the current Betquin is much lower than it should be, so you will find that they do not want to sell their currencies at low prices because they have used huge amounts of electricity to produce them, in addition to investing in special equipment to do so. The situation will worsen for them unless the number of prospectors falls significantly, as the number of currencies to be produced will be halved every 4 years. In contrast, large amounts of bitquin were produced very cheaply at the beginning of the coin. The number of prospectors was very small and the hardness factor was very low and therefore required less electricity. This created a state of imbalance within the currency network. The old sell their currencies without recording losses compared to those who joined the front prospectors recently.
