>$12Mn USD *per what?* This number is pretty meaningless without knowing what ti... | Hacker News

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jsprogrammer on July 27, 2015 | parent | context | favorite | on: Final Steps

>$12Mn USD

per what?

This number is pretty meaningless without knowing what timeframe that amount of costs are incurred.

scott_karana on July 27, 2015 [–]

Oops, good save. Thanks!

It's per day. (I think. :P)

Today's average hashrate is ~397Mn GH/s, and I used 375 instead, to be conservative/fair.

https://blockchain.info/charts/hash-rate

jsprogrammer on July 28, 2015 | [–]

The spot price of BTC has been steadily rising. Someone must be getting more than $12,000,000 USD / day in value out of it.

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