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authorGregory Maxwell <gmaxwell@gmail.com>2014-10-28 21:43:42 +0000
committerbitcoindev <bitcoindev@gnusha.org>2014-10-28 21:43:48 +0000
commit08a88736ec8521b622287355ba6a8919204ef8f2 (patch)
treeefca3357eb4c209e85893c3fccff1cd33371d94a
parent12f56054fb03fab5180c0384534899d0d276d987 (diff)
downloadpi-bitcoindev-08a88736ec8521b622287355ba6a8919204ef8f2.tar.gz
pi-bitcoindev-08a88736ec8521b622287355ba6a8919204ef8f2.zip
Re: [Bitcoin-development] Fwd: death by halving
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+Date: Tue, 28 Oct 2014 21:43:42 +0000
+Message-ID: <CAAS2fgR4-V10i2D=v5-ZR9rWYcBjPKyRgGvgnG3JAmPKr4x19Q@mail.gmail.com>
+From: Gregory Maxwell <gmaxwell@gmail.com>
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+Cc: Bitcoin Development <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Fwd: death by halving
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+
+On Tue, Oct 28, 2014 at 9:19 PM, J=C3=A9r=C3=A9mie Dubois-Lacoste
+<jeremie.dl@gmail.com> wrote:
+> The fact that a topic was brought up many times since a long time,
+> does not mean it is not relevant.
+
+I am not saying that it is "not relevant", I'm saying the discussion
+is pointless:
+
+No new information has arrived since the very first times that this
+has been discussed except
+that the first halving passed without incident.
+If people were not sufficiently convinced that this was a serious
+concern before there was concrete evidence (however small) that it was
+okay, then discussion is not likely going to turn out differently the
+50th or 100th time it is repeated...
+except, perhaps, by wearing out all the most experienced and
+knowledgeable among us as we become tired of rehashing the same
+discussions over and over again.
+
+On Tue, Oct 28, 2014 at 9:23 PM, Ferdinando M. Ametrano
+<ferdinando.ametrano@gmail.com> wrote:
+[snip]
+> As of now the cost per block is probably already about 100USD, probably i=
+n
+> 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
+=3D=3D $/btc.
+
+At $0.10/kwh each block has an expected cost right now, discounting
+all one time hardware costs, close to $3000.
+
+