Crypto Coffee Index

Welcome to the Crypto Coffee Index BETA

The higher the Crypto Coffee Index, the better chance there is of adoption of this crypto as a small-payment currency (money) and not only as a store of value or large-scale payments.

The Crypto Coffee Index is based on the average price of coffee, the average barista hourly wage, the block speed of the cryptocurrency and transaction fees associated with the particular crypto.

Based on Coffee Price: $2.70  Barista Wage: $9.55  |  Last updated: 2 minutes ago

Name Current Value Fastest Fee1 Block Speed Actual Coffee Price2 Coffee Index

1 The estimated fee needed to be included in the first upcoming block
2 The price you pay including barista wage and transaction fees

How does it work?

Given that an average cup of coffee costs $2.70 and a barista has to prepare this coffee for around $9.55 an hour. The Crypto Coffee Index takes into account that the longer the confirmation time is on a transaction, the more time is wasted by the barista and thereby costs money thus increasing the price of the cup of coffee.

The index is comprised of the price of a cup of coffee, transaction fee of the used crypto and the cups of coffee/time average for the barista.

The table above is currently based on the average coffee price and barista wage in the United States. More cryptocurrencies will be added over time.

How this index came about?

The Crypto Coffee Index is based on a discussion in the Bad Crypto Podcast. This website however is in no way linked to the aforementioned podcast.

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NEO (Antshares) is a smart economy platform and the first Chinese blockchain project. The project was founded in 2014 and was real-time open source on GitHub in June 2015. It aims to develop a “smart economy” with a distributed network by utilizing blockchain technology and digital identity to digitize assets, and automating the management of digital assets using smart contracts. On August 8th 2017, NEO has announced the completion of rebranding efforts from its former Antshares identity.

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Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography. Zcash is a decentralized and open-source cryptocurrency that provides strong privacy protections. If Bitcoin is like HTTP for money, Zcash is HTTPS — a secure transport layer.

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Avesta’s mission is to make cryptocurrency easy-to-use and accessible with an all-in-one platform.

While promising, cryptocurrency is still fairly inconvenient for most people. Paying at a cash register, moving money, and exchanging between fiat and cryptocurrency are all still either complicated or impossible in today’s crypto-marketplace. Avesta aim to simplify this, hoping to spark a revolution in cryptocurrency that leads to mass adoption and an environment where cryptocurrency is used at point of sales.

Powered by the Avesta blockchain and accessible through the Avesta wallet, Avesta technologies will liberate cryptocurrency from the bounds of complication and inefficiency.

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Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. On top of Bitcoin’s feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network.

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Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Dogecoin is represented by a Shiba Inu dog called the “Doge” which is their fun and friendly mascot that was popularized as an online meme.

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Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some minor technical differences compared to Bitcoin and other major cryptocurrencies.

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XRP is the native currency of the Ripple network that only exists within the Ripple system. One of the specific functions of XRP is as a bridge currency, which can be necessary if no direct exchange is available between two currencies at a specific time, for example when transacting between two rarely traded currency pairs. Ripple is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. Ripples aren’t mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.

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Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer.

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Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bankor single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in an immutable public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

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