As of early 2022, the global bitcoin hashrate is 160∗1018 hashes per second. The Antminer S19 can compute 110 TH/s = 110∗1012 hashes per second. It costs $2600 and consumes 3.25kW when operating. Question: Assuming that BTC is worth $40,000, the mining reward is 6.25 BTC, and that electricity costs 10 cents per kilowatt hour, how long would a miner who bought the devices calculated in Question 14 above achieve a 1% market share need
As of early 2022, the global bitcoin hashrate is 160∗1018 hashes per second. The Antminer S19 can compute 110 TH/s = 110∗1012 hashes per second. It costs $2600 and consumes 3.25kW when operating. Question: Assuming that BTC is worth $40,000, the mining reward is 6.25 BTC, and that electricity costs 10 cents per kilowatt hour, how long would a miner who bought the devices calculated in Question 14 above achieve a 1% market share need
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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As of early 2022, the global bitcoin hashrate is 160∗1018 hashes per second.
The Antminer S19 can compute 110 TH/s = 110∗1012 hashes per second. It costs $2600 and consumes 3.25kW when operating.
Question: Assuming that BTC is worth $40,000, the mining reward is 6.25 BTC, and that electricity costs 10 cents per kilowatt hour, how long would a miner who bought the devices calculated in Question 14 above achieve a 1% market share need to operate in order to break even? For simplicity, assume that the BTC price and hash difficulty do not change.
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