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As of early 2022, the global bitcoin hashrate is 160*1018 hashes per second. The Antminer S19 Pro can compute 110 TH/s = 11012 hashes per second. It costs $2600 and consumes 3.25 kW when operating. How many such devices would be needed in order to reach a 1% chance that you will receive the mining reward? Device Hashrate * # Devices = Global Hashrate * Mining Share

As of early 2022, the global bitcoin hashrate is 160*1018 hashes per second. The Antminer S19 Pro can compute 110 TH/s = 11012 hashes per second. It costs $2600 and consumes 3.25 kW when operating. How many such devices would be needed in order to reach a 1% chance that you will receive the mining reward? Device Hashrate * # Devices = Global Hashrate * Mining Share

Database System Concepts
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
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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: How many such devices would be needed in order to reach a 1% chance that you will receive the mining reward?

Mining Cost-benefit calcuations As of early 2022, the global bitcoin hashrate is 160*1018 hashes per second. The Antminer S19 Pro can compute 110 TH/s = 11012 hashes per second. It costs $2600 and consumes 3.25 kW when operating. How many such devices would be needed in order to reach a 1% chance that you will receive the mining reward? Device Hashrate * # Devices = Global Hashrate * Mining Share
Transcribed Image Text:Mining Cost-benefit calcuations As of early 2022, the global bitcoin hashrate is 160*1018 hashes per second. The Antminer S19 Pro can compute 110 TH/s = 11012 hashes per second. It costs $2600 and consumes 3.25 kW when operating. How many such devices would be needed in order to reach a 1% chance that you will receive the mining reward? Device Hashrate * # Devices = Global Hashrate * Mining Share
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