"Proof of Work" is Always Better than "Spoof of Print"

in #bitcoin • 7 years ago

Average total cost to mine one Bitcoin in the US: $4,553-$4,600 *(2018 stats)

Average total cost to mine an ounce of gold in the US: $850-$900 *(2014 stats)

Average total cost to print fiat: the financial freedom of the country and its citizens *(recorded history)

#crypto #cryptocurrency #ethereum #esteem #steem #zzan #palnet #steemleo #neoxian
7 years ago in #bitcoin by
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     7 years ago 

    That's pretty accurate.

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