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Re:The Bitcoin Lottery by Unseelie on Tuesday May 17, 2011 @01:41PM (#2557103)
Paypal's money market yeild is currently .06% per week. At that rate, with $1000, you make .6 dollars a week, and buy maybe a bitcoin each month and a half...the discussion here is about earning a bitcoin a day mining, so I'm assuming you're down under a third of the mining return.

Assuming the cost of the electricitiy is 1.26 cents per kwh, and your machine is running at around 800 wats, constantly, that's 720 hours and 576 kwh, seven dollars a month...so the cost of running doesn't seem to be that high either.

Edited for bad math. May continue to do so. Please point out errors.

Re:The Bitcoin Lottery by maukdaddy on Tuesday May 17, 2011 @01:56PM (#2557168)
Long-term average stock market return is 5-8% depending on who you ask. So an index fund or balanced fund of funds would yield much better returns than bitcoin.
Re:The Bitcoin Lottery by rorrr on Tuesday May 17, 2011 @03:09PM (#2557460)
The (S&P 500) stock market return:

1) Since 1971 (40 years) is roughly 1300%, which is 19.63% annualized (1.1963^40 = 1300).

2) Since 1950 (60 years) is roughly 7680%, which is 16.08% annualized (1.1608^60 = 7680)

http://chart.finance.yahoo.com/z?s=%5eGSPC&t=my&q=l&...

Re:The Bitcoin Lottery by jeff18 on Tuesday May 17, 2011 @02:32PM (#2557331)
That's actually 0.06% per year. I wish it was per week... there was a time when it was over 5%!
Re:The Bitcoin Lottery by Unseelie on Tuesday May 17, 2011 @06:54PM (#2558303)
my source said a .06 7 day rate, soo...I dunno. if its just .06% per year...that's horrendous. Banks suck.