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Topic: Miners Reward + Fees = $5,248.35 (Read 1127 times)

the founder (OP)

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Miners Reward + Fees = $5,248.35

April 09, 2013, 12:54:22 PM

Not sure if you guys got this or not, I wound up getting more traffic since I included this metric.

The way it's calculated:

Current spot price * (25 BTC + transaction fees)

All taken in real time from most recent block

Basically someone (or pool) is making $5,248.35 every 10 minutes.

http://www.ounce.me/

Note: I am NOT saying this is good or bad, it's just simply a fact

Bitcoin RSS App Bitcoin Android App Bitcoin Webapp http://www.ounce.me Say thank you here: 1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f

mccoyspace

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Re: Miners Reward + Fees = $5,248.35

April 09, 2013, 12:58:18 PM

Isn't most of it going to BTCGuild?

I for one welcome our new hashing overlords.

the founder (OP)

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Re: Miners Reward + Fees = $5,248.35

April 09, 2013, 01:04:24 PM

Quote from: mccoyspace on April 09, 2013, 12:58:18 PM

Isn't most of it going to BTCGuild?

I for one welcome our new hashing overlords.

About 40% to 45% of this does...

Meaning that over the course of a day there are 144 blocks to be solved.

144 * $5,248.35 = $755,762.40 a day.

BTCguild get's about 40% of that.

IE: They are making (collectively) $302,304.80 a day.

Bitcoin RSS App Bitcoin Android App Bitcoin Webapp http://www.ounce.me Say thank you here: 1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f

mccoyspace

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Re: Miners Reward + Fees = $5,248.35

April 09, 2013, 05:53:17 PM

and I currently own 1/27000th of that hashing -- and profit making -- power! (before fees of course)

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