2017-12-27 13:35 GMT+01:00 Luke Kenneth Casson Leighton lkcl@lkcl.net:
On Wed, Dec 27, 2017 at 12:19 PM, Luca Saiu positron@gnu.org wrote:
On 2017-12-27 at 11:37, Luke Kenneth Casson Leighton wrote:
It is not unique, and there is no hard proof that the money being generated actually comes from mining.
it's a legitimate concern, and one that can't really be answered [not without direct access to their database, which would be a massive privacy violation and security violation]. we could theoretically make some guesses and calculations on exactly how much money people in the network will be receiving vs the amount of money that is going "in", and see if the "scam" concept stacks up so to speak. if the amount of BTC going out is GREATER than the BTC coming in, then, clearly and logically, that would be unsustainable, meaning that they would HAVE to get some extra BTC from somewhere....
I guess efficiency number are needed here. How much bitcoin is being mined/generated per input (dollar/euro's/joules)
That's the same as for any mining operation. No need to watch how the mining is done just is the cost of the operation lower than the the yield.
That's why a lot of IRL miners work under such poor circumstances.
So where to find such numbers?