From what I've heard, a Minecraft block is one cubic meter. Let's see how much some of these blocks are worth according to Wolfram Alpha: (Click a picture to be taken to Wolfram Alpha.)
Iron block:
$233.78
Gold block:
$847.4 million
Diamond block:
The price doesn't directly correlate to the carat weight, but a 1 m³ diamond block would weigh about 3500 kg, or 1.75 × 10^7 carats (about 17,500,000 carats). Anybody have any idea how much that could cost?
Rollback Post to RevisionRollBack
▀▄▄▀ This creeper isn't happy with his birth defect.
█▀▀█ He made it so you couldn't have more than two lines in a signature.
I'm pretty sure that a 1M cube of diamond would probably so valuable no one would sell it or buy it. Considering the Hope Diamond is worth up to $250,000,000 (but really more like $100,000,000 i think), and that's only a 45 karat diamond, which is blue, like the ones in minecraft, which is a rarity. Now if you cut that meter block of diamond into smaller, sellable diamonds, you'd probably make.....multiple trillion at least. Possibly in the quadrillion range. And seeing as how there's only about 53 trillion dollars worth of money in the entire world, that could be a problem to sell it.
A cubic metre of diamond would obviously be a synthetic diamond, am I right? So it wouldn't have the same value as a natural diamond of that immense size.
But yeah, good job on finding the value of the iron and gold blocks!
Now imagine if you filled your inventory with gold blocks and wore gold armor: what would the total weight be?
Rollback Post to RevisionRollBack
Thread Ninja. Call me ED.
Quote from Tali »
Sssssshepard, the Creepersssss are ~ASssssssssUMING DIRECT CONTROL
Hmm. Well with iron, gold, and diamond you mine there ores. This means that once you mine their ores you get a fraction of the ore. To find out this fraction you simply make a pure block of that element (i.e. )
This means that the ore block that you mine only gives you 1/9 of a 1meter squared block. I'm tired so, you do the math.
if our characters ever find civilization again they are going to be super rich. even if they never mined any thing they still have the ability to make a house in about an hour and ridiculous strength, they can cut wood and even break stone with there hands and can carry up to almost 20,000 tons and not even be effected by it.... maybe thats the reason they are in the wilderness, there outcasts.
They aren't outcasts.
They're GODS.
Rollback Post to RevisionRollBack
Quote from K_Kinnison »
If i were a mod, i would be destroying threads like a creeper at a hug-a-thon
Quote from Meddyan »
That's right, this elevator is powered by MURDER and ANIMAL CRUELTY.
Quote from Denn »
Manly blood is both highly acidic AND highly basic, but I'm glad to see you're paying attention.
That, times 17,500,000... is $586,250,000,000; or $586.25 billion.
Perhaps I should've thought more about worthing my three 51-block solid-diamond yachts at 1.2 billion emeralds (Each is worth $30 trillion... and I made three). Thirty thousand billion (30 trillion) divided by 1.2 billion is..
Oops, I've severely deflated the pretend-economy of my SSP map by valuing each unit at an equivalent of $2500.
Rollback Post to RevisionRollBack
95% of teens would scream if Justin Beiber was about to jump of the top of the Empire State Building. If you are in the 5% that would grab a seat and some popcorn and yell JUMP! JUMP! JUMP! post this into your sig.
A minecraft diamond block would be worth absurd amounts of money at the current rate. By putting a few million times more blue diamond than currently exist into the economy, the rate would drop enormously with each piece of the diamond block you sell, each time lowering the value of the next batch of diamond you sell. The economy would be able to buy the diamond and not run out of money. With this in mind, the value of a diamond block is incalculable, because there is no perfect way to calculate how the economy will be able absorb the new supply of diamond and how much the price would drop at each sale. Gold and iron, by contrast, are common enough that selling a cubic meter would not make an impact. Emeralds would have a similar story to diamond, with the price dropping at each chunk sold.
Diamond: incalculable
Emerald: incalculable
Gold: 680,152 Oz. of gold x $1304.60/Oz. at current rate = $887,326,925.41
You could also calculate the worth of a block of diamond by using the figures given on Wikipedia for annual diamond production (mining) and worth:
Approximately 130,000,000 carats (26,000 kg) of diamonds are mined annually, with a total value of nearly US$9 billion, and about 100,000 kg (220,000 lb) are synthesized annually
Also of interest, this also means that the annual global diamond production is equivalent to about 67 Minecraft diamonds (26,000 kg / 3,500 kg/block * 9 diamonds/block; in other words, diamonds are extremely easy to find in Minecraft (in my previous world I mined the equivalent of 41 years of global diamond production in about 2 weeks of playtime; even when converted to Minecraft time (72 days per IRL day) it took me less than 3 years to mine them, 6 if you excluded Fortune, which has no real-life counterpart; and this was mined by one person, not thousands/millions).
The diamond on Queen Elizabeth's crown is worth more then 50million. Imagine how much a cubic meter would be. Lets just say the diamond on the crown is 5 cubic centimeters, it would be over 2 billion dollars. So yeah, people on prison servers should be really rich.
Iron block:
$233.78
Gold block:
$847.4 million
Diamond block:
The price doesn't directly correlate to the carat weight, but a 1 m³ diamond block would weigh about 3500 kg, or 1.75 × 10^7 carats (about 17,500,000 carats). Anybody have any idea how much that could cost?
█▀▀█ He made it so you couldn't have more than two lines in a signature.
Basically, it would become a museum piece.
= × 9
= 17,500,000 carats
= ÷ 9
= 17,500,000 carats ÷ 9 = 1944444 + 4/9 carats
It's a 1 m³ block of ore, and it's not that unreasonable to think 1/9 of it is diamond...but just how big do you think the diamond item ( ) is?
█▀▀█ He made it so you couldn't have more than two lines in a signature.
But yeah, good job on finding the value of the iron and gold blocks!
Now imagine if you filled your inventory with gold blocks and wore gold armor: what would the total weight be?
Oh my god...
MY LIFE IS A LIE
This means that the ore block that you mine only gives you 1/9 of a 1meter squared block. I'm tired so, you do the math.
Nor is a solid block of diamond a single gem. For all we know a diamond block could be noting but diamond dust with a bunch of crap in it.
They aren't outcasts.
They're GODS.
42,500 lbs
Anyone got a large truck to drive it to the bank?
A carat of Minecraft diamond is $33,500.
That, times 17,500,000... is $586,250,000,000; or $586.25 billion.
Perhaps I should've thought more about worthing my three 51-block solid-diamond yachts at 1.2 billion emeralds (Each is worth $30 trillion... and I made three). Thirty thousand billion (30 trillion) divided by 1.2 billion is..
Oops, I've severely deflated the pretend-economy of my SSP map by valuing each unit at an equivalent of $2500.
95% of teens would scream if Justin Beiber was about to jump of the top of the Empire State Building. If you are in the 5% that would grab a seat and some popcorn and yell JUMP! JUMP! JUMP! post this into your sig.
Diamond: incalculable
Emerald: incalculable
Gold: 680,152 Oz. of gold x $1304.60/Oz. at current rate = $887,326,925.41
$9 billion / 26,000 kg * 3,500 kg/m3 = $1.2 billion
Also of interest, this also means that the annual global diamond production is equivalent to about 67 Minecraft diamonds (26,000 kg / 3,500 kg/block * 9 diamonds/block; in other words, diamonds are extremely easy to find in Minecraft (in my previous world I mined the equivalent of 41 years of global diamond production in about 2 weeks of playtime; even when converted to Minecraft time (72 days per IRL day) it took me less than 3 years to mine them, 6 if you excluded Fortune, which has no real-life counterpart; and this was mined by one person, not thousands/millions).
TheMasterCaver's First World - possibly the most caved-out world in Minecraft history - includes world download.
TheMasterCaver's World - my own version of Minecraft largely based on my views of how the game should have evolved since 1.6.4.
Why do I still play in 1.6.4?