My classmate talked me the Bitcoins, and I discussed with him yesterday. He bought two low class computers with the very good GPUs, and he had spent more than one month on digging the Bitcoins. He has spent NTD 9,200 on the power rate, and he has earned more than 2.56 Bitcoins. The current exchange rate is USD 118.4 on May 11, 2013, and it equals to NTD 3528.32; according to the power rate of my classmate, his cost is about NTD 3593.75. What's the game? Before you understand what it is, please answer a question firstly - "Would you originally desire to buy the Bitcoins?"
Nobody wants to buy the Bitcoins originally, and it means you spend money on buying the Bitcoins directly. If you spend money on buying the computers and digging the Bitcoins with the other persons, you'll spend money of the power rate on buying or digging the Bitcoins. The so-called digging behavior is to let you desire to buy the Bitcoins, why? You are willing to spend the money of the power rate, but you don't want to spend your cash on buying the Bitcoins. This idea is like the Credit Card, and therefore you use the electric power and pay it later. After you spend more and more, you must earn all of them which are just like the gambling.
In the real world, when you dig the gold, you can get the real gold. I mean you spend much money, but you can get the real gold which is an important material in industry. Compared with the gold, you spend much money of the power rate, but you just can get the electromagnetic data which is not valuable at all. Even if nobody wants to buy the gold, it also can be as one kind of stone perhaps. However, if nobody wants to buy the Bitcoins, it means all of the diggers waste the enormous natural resources including the computers, electric power, and etc. The natural resources will disappear, and the diggers must waste much money and time on this behavior.
References
Nobody wants to buy the Bitcoins originally, and it means you spend money on buying the Bitcoins directly. If you spend money on buying the computers and digging the Bitcoins with the other persons, you'll spend money of the power rate on buying or digging the Bitcoins. The so-called digging behavior is to let you desire to buy the Bitcoins, why? You are willing to spend the money of the power rate, but you don't want to spend your cash on buying the Bitcoins. This idea is like the Credit Card, and therefore you use the electric power and pay it later. After you spend more and more, you must earn all of them which are just like the gambling.
In the real world, when you dig the gold, you can get the real gold. I mean you spend much money, but you can get the real gold which is an important material in industry. Compared with the gold, you spend much money of the power rate, but you just can get the electromagnetic data which is not valuable at all. Even if nobody wants to buy the gold, it also can be as one kind of stone perhaps. However, if nobody wants to buy the Bitcoins, it means all of the diggers waste the enormous natural resources including the computers, electric power, and etc. The natural resources will disappear, and the diggers must waste much money and time on this behavior.
References
- Wikipedia, Bitcoin, http://en.wikipedia.org/wiki/Bitcoin
- Simple Bitcoin Converter, http://preev.com/
