3 ms·
It’s certainly not orders of magnitudes higher. A S21 Hydro can do a terahash for 16 joules. At the current difficulty, you need approx 525,000 kWh to mine a
by dannyw 2y ago
It’s certainly not orders of magnitudes higher.
A S21 Hydro can do a terahash for 16 joules.
At the current difficulty, you need approx 525,000 kWh to mine a bitcoin.
At $0.16 a kWh, you’re looking at $84k to mine a bitcoin, worth $63k. That’s not orders of magnitudes higher.
If you can get cheaper electricity and are willing to pay the capex then you can make a profit.
- m463 2y agowow, thank you for doing the math. I guess I haven't been keeping up with bitcoin vs electricity cost. I was going to buy a bitcoin miner when bitcoin was ~$500 and in short order the electricity cost of running the miner exceeded the cost of bitcoin and started getting worse. Now with bitcoin value > 1000x ... hmmm. maybe my assumptions are plain wrong.
- justinclift 2y agoLooks for corresponding auction bids on any solar panel farms getting liquidated? :)