profit – Buttcoin Foundation http://www.buttcoinfoundation.org Buttcoin - It's Bitcoins with Butts! Wed, 07 Jun 2017 22:27:42 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.5 How much does bitcoin really cost? *waves hands furiously* http://www.buttcoinfoundation.org/how-much-does-bitcoin-really-cost-waves-hands-furiously http://www.buttcoinfoundation.org/how-much-does-bitcoin-really-cost-waves-hands-furiously#comments Fri, 12 Aug 2011 22:47:30 +0000 http://buttcoin.org/?p=358 The mongoloids at Reddit are a special bunch. Here, someone with 2 brain cells to rub together decides to actually crunch the numbers on bitcoin mining. Hmm, that’s a pretty valid argument. At what point does the electricity to run the rigs surpass the profit from coins mined. $11mil/year just in�electricity�costs directly contributed to bitcoins […]

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]]> The mongoloids at Reddit are a special bunch. Here, someone with 2 brain cells to rub together decides to actually crunch the numbers on bitcoin mining.

Hmm, that’s a pretty valid argument. At what point does the electricity to run the rigs surpass the profit from coins mined. $11mil/year just in�electricity�costs directly contributed to bitcoins seems very high.

I’m sure the hive mind of Reddit will have a clear, concise answer for the guy. Let’s check out the top-rated comment.

Ah yes, just furiously wave your hands at the question and mention�something�about gold. Great job guys!

Here’s a bonus comment for you as well:

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