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Re: Hummingbird2 post# 29189

Wednesday, 11/15/2023 3:41:54 PM

Wednesday, November 15, 2023 3:41:54 PM

Post# of 42825
$ For fun, some hypothetical numbers using 30 miners: How long to get 1 bitcoin?

Then, using our total (Code Green Apparel Corp.'s mining fleet is currently at 681) or the stated 1500-unit goal you can come up with some yearly values.

And then for more fun only, say we are slightly profitable or breakeven today, then calc out with bitcoin at 10k, 20k or 30k higher than today's price. IMO some pretty interesting results. (see attached article for base numbers)

TAZ

NOTE: Do not use this to buy or sell this stock!

Again Estimated Numbers Only!
Antminer S19 Pro;
Output: 100 TH/s (Tera-hashes per second);
Power consumption per unit: 3,050 Watts (W);
Number of units: 30;
Total TH/s output from 30 machines: 3,000 TH/s;
Total power consumption: 91,500 W;
United States (Utah);
Commercial electricity rate (2023): ~$0.079 USD/kWh;
BTC Price: $28,771; (May 2023)
BTC network hash rate: 345.58 EH/s;
BTC difficulty: 48.71 T.
Pool: PEGA Pool;
Total hash rate contributed from all miners: 2.97 EH/s (~0.85% of total BTC network hash rate);
Pool commission: Full Pay Per Share (FPPS) 0.005/0.01/0.05/1/5 BTC;
Pool fees: 1% of the earnings (in this example calculations we assume that the pool user is mining Bitcoin using renewable energy, thus the fees are lower). For those not using green energy to mine BTC the cost would be 2%;
Pool server location: United States.
The Results
According to the findings, this mining setup would have earned us about 0.00766568 BTC within a 24-hour period. This means that it would take us about 130 days (1 BTC/0.00766568 BTC) to mine 1 Bitcoin. That is roughly 4 months and 10 days.

How Long Does It Take to Mine 1 Bitcoin? [2023] (finbold.com)

https://finbold.com/guide/bitcoin-mining-guide/
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