Hello! I have questions as a new trader. First, I understand blue is profit and red is loss. My question is, how does everything get calculated in? I put in $100 USD worth of bitcoin and have been confused. How does it transfer in terms of these values. Has money been lost? Gained? What percent?
A casual calculation on the worth of our space bitcoins
TL;DR 1 spacebitcoin ~= $10,000 Reasoning: In EVE Online, the primary currency: ISK is indicated consistently in lore and inconsistently in game to be worth many, many times the planetary equivalent of a US Dollar, so how much is Starsector’s space bitcoin worth? As our commodity items are abstracted inventory without concrete weight or volume, they’re not very meaningful for comparison. However, as the setting’s ships are effectively modern navies IN SPACE, one can draw comparisons even taking into account the vast technology gap on a basis of one modern naval frigate = one space frigate. Keep in mind, this is a measure of buying power, not relative value. While nanoforges and automation means that spaceships are cheaper, this also applies to everything else such as food, clothing, and tripads, so it’s safe to assume that a spaceship is as relatively expensive to consumer goods as navy warships are today. Going by sourced I glanced at online, a 1970’s era frigate such as the Duke class or the Oliver Perry class costs roughly 120-150 million in USD. (Disregard the German example, it has 3 times the crew of other countries’ frigates and carries way more ordinance). With a 21st century Freedom-class LCS coming in at roughly 360 million USD (it even has drone capacity!), one can compare the 70’s frigates to the low-tech Lasher (17700 credits on the market usually, 12000 base) and the Freedom-class with the Tempest (44000 credits, 40000 base). Accounting for the seller profit, this roughly works out to each credit being the equivalent of $10000-11000 USD, give or take. While their crew complements are twice as large, the large-scale automation in SS makes up the difference. Implications: This means that you start off the game with a small loan of $200 million, while the Galatia Academy pays you a stipend $150 million a month for 2 years. While this seems like a lot, the Galatia Academy is run by the Hegemony, which has many planets worth of tax income, and their total stipend comes out to $3.6 billion, roughly the net worth of a single small-medium sized tech company or roughly 25% of a Ford-Class nuclear carrier. It’s probably the right reward for someone risking their life to save of the country’s research hub and the world’s most prestigious university, by comparison. Crew members are paid a LOT. At 10 bitcoins -> $100,000 a month, they are paid 2-3 times as much as what surgeons make today. No wonder there’s no shortage of highly-trained blokes willing to risk dying on salvaging accidents, performing head-on attacks in fighter craft against Onslaughts and exploring planets where lava spouts come out of the ground regularly. One can retire comfortably after 1-2 years of service if they survive, and the captain is responsible for your room and board until then. It’s probably good to interpret your crew cargo as a collection of filled jobs, the holder being different people every few years as old crew regularly retire planetside with their millions and new ones take the job. The $500,000 initial payment is likely some form of transferrable insurance deposit, like in EVE, so even if they die in under a month their families can get something out of it. For colonies: A heavy industry requires $5 billion to build, $3 billion for a space elevator and associated additional industrial modules, and $900,000 a month worth of upkeep. This is TINY for a planetary-scale combined supplies/weaponry/industrial machinery/starship manufacturer that regularly poops out ships more expensive than that, as single modern CPU factories cost more than that to startup and maintain. This strongly suggests that most of the costs and thus shares in the industries are offloaded planetside, which also helps explain why the player “only” receives 88k-120kish credits ($880 million/1.2 billion > $10.5 billion/14.4 billion) from a well-developed size 8 colony which has the population of the US (Projected 2020 tax revenue 3.6 trillion) - The vast majority of colony revenue are re-invested or paid out planetside, and your dividends come out to 0.2-0.3% of revenue. Assuming a very simplified payout system, and using the S&P’s average dividend ratio of 30%, you own a roughly 1% non-tradeable share in the industries you fund in exchange for being effectively a corporate dictator for life, which is tiny between Bezos’s pre-divorce 16% share in Amazon and Bill Gate’s 24% share in Microsoft, making you a powerful but very not-invested space CEO. However, this means the payout ratio is much higher at lower colony sizes, as your income grows linearly while the colony grows exponentially, so it’s not all bad. This also explains why the thousand crew you send down to seed a new colony do it without complaint. Assuming they get a 10% stake of the remaining 99% stock distributed amongst themselves (startups generally give 5-20% total to team members), a healthy habitable colony that grows to size 8 or so leaves them with 100-200 billion USD in stock, or 10 million spacebux. Rest of it is sold off as needed to grow the place. Food: A single unit of food cargo is worth $200,000 base = 40 tons of beef or 3200 tons of dried corn. However, as they are described as packaged and preserved foods, MREs are probably the better comparison. With approximately a box of 12 costing $60, a unit of average food contains 40,000 space MREs, enough to feed a single person for over a lifetime, or 100 people for a year (most likely, as the food is rated for five years of storage). If one were to cheapen it to $1 space Ramen instead, that feeds five unhappy people for over a lifetime. As an Atlas-class can carry 2000 units a trip and using the 108 ~= US pop comparison, this means that a planet like Chicomoztoc needs at least 300 Atlas food deliveries per year worth of ramen to not starve, and 1500 deliveries to not riot. Going to the extreme, if the food is all corn-priced nutrient paste, like my prisoner camp in Rimworld, then just 187 Atlas trips are needed to supply 2 tons of paste per person.
I threw up a quick bitcoin calculator. It's my feeling that people have a hard time shopping in BTC when they don't understand what .34 bitcoins are worth. It updates in real time... if it's something that people want I can clean up the interface...
[uncensored-r/Bitcoin] Based on your calculations, in what year will 1 bitcoin be worth 1 ton of gold?
The following post by failure93 is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7kcajn The original post's content was as follows:
11-22 04:02 - 'Investing large amounts ( 1500$) on cloud mining like Hashflare is it worth?? By my calculations, if i invest 1500$ to buy 10 Ths I'll get a payout of .0019 btc per day. i.e) 16 dollars a day!!!' (i.redd.it) by /u/Raw_zm removed from /r/Bitcoin within 0-10min
Investing large amounts ( 1500$) on cloud mining like Hashflare is it worth?? By my calculations, if i invest 1500$ to buy 10 Ths I'll get a payout of .0019 btc per day. i.e) 16 dollars a day!!! /r/Bitcoin
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