So in the absence of an exchange what value per CGA would make mining worthwhile?
Would somewhere from BTC 0.0001 to 0.001 be enough?
I think 0.003 minimum.
Bit high, no?
1 MH/s will earn roughly 0.01 BTC per 24 hours (using poolwaffle stats).
My 450kh/s mined just over 8 CGA yesterday, but probably 6 today.
So assume 1MH/s will earn 12 CGA per 24 hours then 0.01/12 = 0.00083 BTC per CGA or better should be profitable?
our hash rates are in times where there is still no market (BTC) for CGA (low hash rates), when that time comes, more miners will mine CGA and the coin wil become more elusive at higher hash rates..making the coin more expensive..
Understood, I'm trying to work out what it would take to get people like wzttide mining *now* without an exchange based market.
Once we're on an exchange then the market itself can decide.
E.g. If i said I would buy any newly mined CGA for 0.0009 BTC would that encourage people to mine?
Mind you if a Poloniex listing is imminent then maybe I can stop worrying.
