enough bitcoin is mined to pay 8.75 million people 1 satoshi per second

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The current block reward is enough to pay 8,750,000 million workers, each paid 1 satoshi per second for 40 hours a week

This is roughly $0.14 per hour, $5.76 per week.

If 100% of current supply was used to pay workers the equivalent of $25 per hour, at current rates, there are enough coins minted per day to pay no more than 50,000 full time workers world wide.

In 500 days, and if 25% of all new bitcoin mined went to pay wages, that would be enough to pay 1,093,000 people 1 satoshi per second.

To make 1 satoshi a second a wage equivalent to $25 USD per hour, the price would have to rise to $695,000 USD per BTC.

submitted by /u/sotashi
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

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Ticker

1 BTC = $10062.03 USD  (via Coinbase)
1 ETH = $188.25 USD  (via Coinbase)
1 LTC = $72.81 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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