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.
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.)
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?
while not a diamond block , Game Theorist has an excellent video discussing how much diamond armor would cost
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?
an inventory full of notch apples and gold armor would be even heavier
And what about emerald blocks? i guess, they aren't too valuable, but it would be interresting.
Unlike diamonds, there is nothing stopping me from making a sugarcane farm and selling paper to villagers for an infinite supply of emeralds. I currently have 24 diamonds on my world, but I have probably had close to 600 diamonds in my possession, which I use to buy diamond equipment and enchanted books. Imagine how rich those villagers must be if you can convert 5 stacks of paper to 13 emeralds (at 24 paper/emerald) and then convert those 13 emeralds to a diamond chestplate. How much can emeralds and diamonds possibly be worth to a villager if they will give you a cubic meter of the stuff for some paper?
If you think about it pistons are kinda weird in this way. They can shove a block of gold one meter away from itself but it won't even bother for obsidian. I have no clue how heavy obsidian is but I do know gold is way heavier. So what's the deal with that?