World-wide price for generating 1BTC


Meni Rosenfeld's formula is what you are you are looking for. It is not possible to calculate the production cost of one bitcoin because of these two variables:

E - the mining efficiency, measured in MHash/J.

c - the cost of electricity, measured in $/KWh.

There is a broad range of hardware which is not limited to GPUs - some people are mining with FPGAs for example - so you can't easily calculate the mining efficiency. The same happens with the cost of electricity because there are different prices for each country, hour of the day, residential/industrial systems, etc. And there are other factors such as the temperature (which reduces cooling costs) and alternative electricity sources (some people could be using solar panels for example).

That being said, you could grab the formula, find the average electricity price per country, estimate an average mining efficiency (maybe based on the hardware wiki list) and reach a number, but it would be very...

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I want to provide a service that gives the bitcoin community an idea of the mining $/BTC average.

It would be a report given every month that would delve in the world of mining and at the end give a

good estimate of the average money the miner spends to generate bitcoins.

One of the reasons I believe the price got so unreasonably high was so many investors neglected the importance of $/BTC mining costs.
My goal is to successfully start a trend where BTC prices are almost always quoted with the average $/BTC mining costs.
Compared to Silver and Gold, Bitcoin has a very unique relationship with mining operations.

Before I do my first write up, I would like to bounce some of my ideas off the community and ask for help.
I will be updating this thread.

For starters, Here is what I would like to ask help with:
1)Links to all the other similar posts - I know there's gotta be a half dozen of them; no need in re-inventing the wheel. [1...

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Keep an eye on the Bitcoin price, even while browsing in other tabs. Simply keep this site open and see the live Bitcoin price in the browser tab. (Note: Some mobile browsers don’t yet support this feature.)

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Bitcoin has turned out to be perhaps the hottest investment commodity of all time. Once upon a time you could pickup bitcoins for less than a penny. Now? A single coin costs hundreds of dollars ($ 520 at the time of writing this). Still, some people are worried that bitcoin has peaked and that investing now would be like investing in fool’s gold. I have to disagree. Digging deeper shows that bitcoin is just starting to pickup steam, and several underlying factors suggest that the cryptocurrency will only continue to gain value in the future.

We want you to vote: What will the bitcoin be worth when the BIG BEN strikes 12 at 1-1-2017 (0:00 AM – GMT+1)



Fill in your email address and the bitcoin value in the comment area below which you think it is at 1-1-2015 – 0:00 AM (GMT+1)


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Balance: 275594310 satoshi

1500 satoshi every 720 minutes.



Bitcoin price changes minute by minute, so it is important to remain enlightened about the latest price of Bitcoin every instant.

Why change the worthiness?

Would you presently many people are thinking about what's the true price? because we start to see the recent history must have taught Bitcoin and the lesson that: nobody knows what the correct exchange rate. That will be uncovered by the many interactions that take place in the market. There is absolutely no definitive response to either absolute or topic.

The steady progress of technology and the forming of monetary value are never-ending. Within the 7th birthday, just Bitcoin again with the monotony and its own price has risen to over US $ 350, way to US $ 400. And, of course, is back the news headlines. Everyone wants to learn the...

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1. Login to your account and click to Rotator Links

2. Enter your faucet refferal link to “Add new link”

3. Go to faucets in below list and find referral link, that you can add to your rotator. For example you will find similar referral link:

Replace Bitcoin Address with your wallet. So the correct link will be something like this:

4. If you need change the link, just click to it and you will get option to rewrite it.

Here are faucets for your faucet rotator. Visit them, get your referral link and earn money from commissions.

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