Post
Topic
Board Economics
Re: BTC Security Broken?
by
Apocollapse
on 12/07/2024, 05:11:20 UTC
It's pretty simple:
1) Go here and find out the price of a miner as well as its hashrate and consumption:
https://shop.bitmain.com/?coin=BTC%2FBCH%2FBSV
2) Current income is 4.8 cents per th/s
https://www.viabtc.com/tools/calculator

Do the math on your power cost and how much you would earn! What would be easier?  Wink
I pick Bitcoin Miner T21 with specifications:

Quote
SPOT Bitcoin Miner T21

Function   BTC/BCH/BSV  SHA256  Air-cooling Miner
Specifications   190T 3610W 19.0J/T

When I calculate the profit on viabtc, 190 TH/s generate 0.0001539 BTC or $8.78

Then I use electricity calculator, average of electricity cost in US is 16 cent per 1kWh. With power consumption 3160 watts (W) and 24 hours use per day.

I got electricity cost per day $13.8624

I didn't even include the maintenance cost, cooler, fan etc, but it means mining no longer profitable isn't?