Use the following information for the Question below: As of early 2022, the global bitcoin hashrate is 160∗1018 hashes per second. The Antminer S19 can compute 110 TH/s = 73∗1012 hashes per second. It costs $2600 and consumes 3.25kW when operating.   How many such devices would be needed in order to reach a 1% chance that you will receive the mining reward?

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
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Use the following information for the Question below:

As of early 2022, the global bitcoin hashrate is 160∗1018 hashes per second.

The Antminer S19 can compute 110 TH/s = 73∗1012 hashes per second. It costs $2600 and consumes 3.25kW when operating.

 

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

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