What is the manufacturing cost of one Ether with the current difficulty? A lot of miners are creating 5 to 10 ether a day right now with their expensive miners and power. Even the GPU farms are not getting the Ether cheap. This will have its effect on the price, I think.
according to my calculation, the average miners ( between 1 and 6 gpu r9 290X type ) cost it's between 1 and 2$ for each ETH produce, for those using Amazon cloud it's close to 3$. Depending on the future demand vs Offer ( Millions ETH could be available straight away ), we will see how far the market price will be from the producing cost.
according to my calculation, the average miners ( between 1 and 6 gpu r9 290X type ) cost it's between 1 and 2$ for each ETH produce, for those using Amazon cloud it's close to 3$. Depending on the future demand vs Offer ( Millions ETH could be available straight away ), we will see how far the market price will be from the producing cost.
Amazon EC2 pricing is not a good way to make this calculation. It's expensive to rent GPU instances. Much cheaper to build your own GPU rig and get faster hash rates. The Amazon EC2 instances use NVidia Fermi which lack a single integer rotate instruction making it unsuitable for SHA type hashing which is why ATI cards are the preferred hardware by GPU miners.
Miners will be making more ETH per block once the gaslimit is increased as they would also be getting the transaction fees which will eventually dwarf the static block rewards (at 10 szabo per gas and a 3mil gasLimit this is about 30 ETH on a fully loaded block)
On October the 5th 2009 an exchange rate was established buy new liberty standard of 1 us dollar =1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins.
Bit coin was valued at approximately £365 on the first couple of weeks of the presale when yoi could buy 2000 for 1 bit coin so 2000/365=5.48
I expect about 3 dollars to happen with wild speculative behavior around that number. Then as things start to mature a solid value will arise from the speculative rush and ipo/early miner dump. Its way to early to be calling anything more than a guesstimate.
Comments
There's Augur
How much do you have?
Depending on the future demand vs Offer ( Millions ETH could be available straight away ), we will see how far the market price will be from the producing cost.
Amazon EC2 pricing is not a good way to make this calculation. It's expensive to rent GPU instances. Much cheaper to build your own GPU rig and get faster hash rates. The Amazon EC2 instances use NVidia Fermi which lack a single integer rotate instruction making it unsuitable for SHA type hashing which is why ATI cards are the preferred hardware by GPU miners.
Miners will be making more ETH per block once the gaslimit is increased as they would also be getting the transaction fees which will eventually dwarf the static block rewards (at 10 szabo per gas and a 3mil gasLimit this is about 30 ETH on a fully loaded block)
On October the 5th 2009 an exchange rate was established buy new liberty standard of 1 us dollar =1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins.
Bit coin was valued at approximately £365 on the first couple of weeks of the presale when yoi could buy 2000 for 1 bit coin so 2000/365=5.48
ps. Auction of the very first Ethereum painting is happening here:
http://forum.ethereum.org/discussion/1273/into-genesis-oil-painting-auction?