On 09/09/13 16:48, David Stewart wrote:
While I agree that the balance trend is not as favorable as before, the
market price in USD for bitcoin is recovering a bit from it's earlier
crash..... but as volatile as it's price tends to be, this doesn't mean
too much.
A graph illustrating our total mined bitcoin valued in CAD vs time would
be interesting -- a sufficiently growing exchange rate enough would show
increasing profitability even during times where more competing mining
power is coming online. On top of this, there is pretty serious lag
between exchange rate increases and new equipment being made, ordered,
and operated in response.
Though such an interesting graph would also be meaningless, as we don't
realize our mining profits in CAD until our once a month sale days.
Which means:
https://blockchain.info/charts/balance?address=1Mz6YwFap2FEpPrSq3EEpqW4Endo7gA1wr
is also not really meaningful from a Skullspace perspective either...
the only data points Skullspace cares about are our once a month sell-offs.
So we can't firmly ask "how are we doing" until September 21 when we run
our second sell off and can compare our $/day vs the previous period.
Was around $7/day for the 1.4 bitcoin we'd accumulated between July 24
and August 12 and sold for $140 CAD, current balance of 1.05 BTC valued
at $135 CAD/BTC works out to $5.7/day using the last 25 days.
Mark
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