Replies to post #67190 on Coin Citadel (CCTL)

[traderjack1]

Been here for years , Tom will prevail . Go cctl , it's a no brainer

[Buellersback]

That's great. Thanks for all your DD

[DawgTrading]

Hashing/Staking calculations In case you missed my previous posts, the math on the revenue potential based on the price of ETH.....

Specs 2CRSi rigs and Potential Hashing Revenue Calculation

OcToPus 1.4B with VEGA XT Cards
https://2crsi.com/myportfolio/octopus-1-4/

Using AMD Vega XT cards per the 2021 Q1 disclosures.

Hashing specs of 1 AMD card:
AMD Hashes at 49.25 MH/s
Power usage: 170w

https://minerstat.com/hardware/amd-rx-vega-64

1056 servers each with 4 AMD graphic cards is 4224 GPUs
4224 GPUs total hashing power is 4224 * 49.25: 208032 MH/s
4224 GPUs total power usage is 170 * 4224: 718080 kw/h

From this crypto calculator site for ETH I entered the above into it (with pool fee of 1%):

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=208032&HashingUnit=MH%2Fs&PowerConsumption=718080&CostPerkWh=0.08&MiningPoolFee=1

Revenue comes to about $ 434.30k per month before server lease costs, but includes power costs (at todays ETH price).

434k minues 158k server costs = 276k revenue per month
276k - other costs of around 50k in disclosures = 226k per month of net revenue (profit)

Theyll be able to pay the servers off in about 3.25 years give or take. They may pay them off sooner if ETH rises higher and higher.

When ETH was at its high of around just under 4k those numbers were more like 600k per month before costs.... AMAZING!

Cant wait to see the numbers in subsequent quarters once they have the servers fully running.