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
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
Problem 1PE
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6924c7cd-8161-4ad3-9951-2eb18be8272b%2F97e6ebbe-0750-4542-91cf-bc800b8156f1%2Fxbw6vo7_processed.jpeg&w=3840&q=75)
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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