Cryptocurrency Q&A
How much does a $1 million coin weigh?
How much does a $1 million coin weigh?
KpopStarlight
Wed Oct 02 2024
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5 answers
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I'm curious to know, when it comes to a coin valued at a million dollars, does its physical weight differ significantly from that of a regular coin? Is the weight of such a coin indicative of its monetary value, or is it simply a matter of the material used in its minting? Additionally, could you elaborate on any specific examples or scenarios where the weight of a high-value coin might be a factor of consideration?
5 answers
Giulia
Fri Oct 04 2024
Coins, on the other hand, introduce an additional layer of complexity due to their varying weights. Unlike bills, which have standardized weights based on denomination, coins can differ significantly in their physical mass.
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EthereumLegendGuard
Fri Oct 04 2024
This variability in coin weights underscores the importance of considering the physical attributes of money when making financial decisions. For instance, transporting large amounts of coins can be cumbersome and expensive due to their weight.
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Stefano
Fri Oct 04 2024
The weight of money can vary significantly depending on the denomination and form. For instance, a million dollars in $100 bills weighs a relatively manageable 10 kilograms or 22.046 pounds.
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BlockProducer
Fri Oct 04 2024
In the world of cryptocurrency, these physical limitations are non-existent. Digital currencies like Bitcoin exist solely in the digital realm, eliminating the need for physical storage and transportation.
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mia_rose_lawyer
Fri Oct 04 2024
However, if one were to possess the same amount in single dollar bills, the weight would escalate dramatically, reaching a staggering metric ton or 2,204.623 pounds.
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