I didn't count the $100 because I don't believe they're printed/circulated/destroyed/reprinted as heavily as the $1. Who knows about the 5, 10, 20 and 50.
I also don't think this $0.042 covers the labor cost of distributing, collecting, securely shredding and tracking the movement of all these bills through the system every 18 months.
I was thinking more along the lines of what the total cost might be. There's about a trillion dollars worth of cash circulating, but since it's not all ones we can't just multiply a trillion by $0.042.
In any case, it sounds like the bitcoin cost might be in a similar neighborhood to paper costs.
http://www.enchantedlearning.com/math/money/bills/one/
I didn't count the $100 because I don't believe they're printed/circulated/destroyed/reprinted as heavily as the $1. Who knows about the 5, 10, 20 and 50.
I also don't think this $0.042 covers the labor cost of distributing, collecting, securely shredding and tracking the movement of all these bills through the system every 18 months.