Re:Lightning Network Skepticism
by Taek on Saturday December 26, 2015 @08:18AM
(#10794062)
Sorry to be pedantic, but I do believe the daily cost of mining is closer to $250,000 - $750,000. Not a small number, but also not millions per day.
[ Parent
| on HN ]
I'm a physicist so naturally I do all back-of-the-envelope calculations to one-significant figure with rounding at each step. :)
My own estimation is between $400k per day (hard lower bound) and $800k per day depending on assumptions about hardware efficiency, although around $100k / day was added in the last week in a trend that is continuing, so $1MM/day will very quickly be accurate.