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Bitcoin power cost

Publish: 2021-05-24 09:11:46
1. Firstly, the cost of bitcoin mining can be divided into three parts:
1. Machine cost: the cost of purchasing mining machine
2. Power cost: the power cost consumed by machine mining
3. Auxiliary costs: personnel maintenance, network, cable consumables, heat dissipation, etc.
for a simple example, take the mining machine of ant S9, which consumes less power on the market, for example, the calculation power is 13.5T, and the power consumption is 1400W
when the mining machine runs for 24 hours: 1.4kw * 24 = 33.6 degrees
Shenma m3, which consumes more power on the market, has a calculation power of 11.5t, The power consumption is 2150w
under 24-hour operation, the power consumption of a single machine is 2.15kw * 24 = 51.6oc
which is roughly equivalent to the power consumption of energy-saving air conditioning, but the bitcoin miner needs 24-hour uninterrupted operation, the power consumption of a single machine is very large after a year's calculation, and the step price cost of household electricity is too high, When the market is not good, the income may not be enough for the electricity expenditure, so at present, mining will choose to be hosted in the mine, which can get cheap electricity and rece the cost price of mining. The price below 30% is the ideal price, which can keep the price of bitcoin falling to a low level, and there is still some income< According to the current mining difficulty of bitcoin:
BTC revenue per ton: 1th / s * 24h = 0.00007087btc
calculated by the comprehensive 12t machine computing power, the daily output is:
0.00007087t * 12t = 0.00085044btc
then the time required for a single machine to dig a BTC:
1 / 0.00085044 = 1175 days
the time required for ten mining machines to dig a BTC:
1 / 0.0085044 = 117 days
100 days In other words, according to the current difficulty, it takes about three years for a single miner to proce a bitcoin, 3.9 months for ten miners to dig a bitcoin, and 11.7 days for a hundred miners to dig a bitcoin. The cost of a single miner is about 8500, Ten are around 85000, one hundred is 850000, less than one million, and one month's income is more than two bitcoins. According to the current price of bitcoin, the price is about 120000. So, although the income of bitcoin mining is not as good as before, it is still considerable compared with other investment projects
however, these benefits do not include decting the cost of electricity charges and later maintenance of machines, so the premise of mining is to find a mine with low electricity charges. If the quantity is large, we need to find a safe, reliable and stable mine. What's more, we need cheap electricity to lower the cost price.
2.

Bitcoin is a kind of network virtual currency. Bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Assuming that the mining computing power is 100 mhash / s and the total computing power is 4000 ghash / s per day, 3600 bitcoins can be g out every 24 hours

China's computing power has accounted for more than 75% of the world, that is to say, 75% of bitcoin in the world is made in China. How long does it take to dig a bitcoin

bitcoin used to be very good at "digging", which can be done by ordinary computer CPU, and it can automatically "solve problems" by downloading software. But with the rise of currency price, more and more people want to "solve the problem", and the difficulty of mining is also increasing. Now, the amount of computation needed to dig a bitcoin is beyond the reach of ordinary people. Ordinary computers can't afford it

instry insiders said that in 2014, 100 bitcoins were generated from 500000 yuan of electricity charge per day, and the cost of electricity charge alone was 5000 yuan per coin. But now, the same cost has more than doubled, and the electricity cost of each bitcoin is as high as 10000 yuan

in the generation mechanism of bitcoin, mining reward is decreasing. At the beginning of the birth of bitcoin, the miners could get 50 bitcoins for each page of the ledger, and then 25 bitcoins for each page of the ledger, decreasing in turn. It's like digging gold. At first, it's more and less. The time point at which each new reward is reced by half is called half bitcoin proction

assuming that the mining computing power is 100 mhash / s, the total computing power is 4000 ghash / s per day in 2014, and 3600 bitcoins are g out every 24 hours

now, we can understand the difficulty of bitcoin digging in this way, which is equivalent to 100 million dice throwing numbers less than 100 million and 50 million. Whoever throws them first will get the bookkeeping right. At this point, 1050 million is a hash value. The process of throwing dice is called hash collision. The unit of mining power is the number of hash collisions per second

at present, the computing power of bitcoin in the whole network has reached 2.36 billion hash collisions per second, which is equivalent to the number of water droplets in more than 200000 50 meter long standard swimming pools. But even with such a large amount of computing power, it will take about 10 minutes to hit a hash value that meets the requirements

in 2012, bitcoin's output was halved for the first time, and in July 2016, bitcoin's output was halved for the second time. At present, 12.5 bitcoins are awarded for recording one page of account book. The next halving will take place around 2020, and the total number of bitcoins will not increase by 2040, with a total of 21 million

Related videos: how long does it take to dig a bitcoin

3. Bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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4.

Taking t2t-30t as an example, the calculation force of t2t-30t is 30t, and the power consumption is 2200W, that is, 2.2kW. The power consumption of a single miner in 24-hour operation is 2.2kW * 24 = 52.8kwh, and the electricity charge is once calculated as 0.56rmb, the daily power consumption cost of a single miner is 52.8kw * 0.56 = 29.57rmb

to "mine" with bitcoin mining machine, if the graphics card is fully loaded for a long time, the power consumption will be quite high, and the electricity bill will be higher and higher. There are many professional mines at home and abroad in areas with extremely low electricity charges, such as hydropower stations, while more users can only mine at home or in ordinary mines, so the electricity charges are not cheap. Even some people in a residential area in Yunnan carried out crazy mining, which led to a large area trip of the residential area, and the transformer was burned

extended data

mining principle of bitcoin mining machine:

bitcoin mining and node software mainly initiates zero knowledge proof and verification transactions through point-to-point network, digital signature and interactive proof system. Each network node carries out broadcast transactions to the network. After these broadcast transactions are verified by miners (computers on the network), miners can use their own work proof results to express confirmation. The confirmed transactions will be packaged into data blocks, and the data blocks will form a continuous data block chain

every node of bitcoin will collect all the unconfirmed transactions and gather them into a data block. The miner node will add a random adjustment number and calculate the sha256 hash value of the previous data block. The mining node keeps trying again and again until the random adjustment number it finds makes the hash value lower than a specific target

5.

Bitcoin is one of the most popular virtual currencies, which is very popular on the Internet

recently, according to the bitcoin power consumption index released by Cambridge researchers, if bitcoin is regarded as a country, it will rank among the top 30 countries with the largest power consumption in the world. The annual power consumption of bitcoin mining is about 121.36 terawatt hours (TWH, 1 terawatt hour is 1 billion kwh){ RRRRR}

recently, Bill Gates made it clear that he is not a fan of bitcoin

Bill Gates said: & lt; Bitcoin consumes more power per transaction than any other way known to mankind, so it's definitely a very important climate issue. But if it uses green power, it may not be a problem in the end

I don't think these topics are deeply relevant, although you may label me as a bitcoin skeptic

in other words, instead of investing in bitcoin, I used the money to buy malaria vaccines. I invest in companies that make real procts. But if other people invest in bitcoin and make money, I'll congratulate them& rdquo;

6.

Although many countries do not recognize the value and status of bitcoin, bitcoin is still popular in recent years, and its existence is controversial. Some people say that it has no practical significance, just a number. If it is not officially recognized by the world, mining is a constant waste of energy. Some people say & lt; No one can be sure whether bitcoin is a black horse or not


in fact, bitcoin is calculated and proced through computer networking, also known as mining. At the beginning, there was a personal computer to dig, but the efficiency was relatively low, and the cost of graphics card was low. Then there was a special bitcoin mining machine, ranging from several hundred to two or three hundred thousand yuan


when we talk about bitcoin, we naturally need blockchain because of the blockchain, bitcoin can become bitcoin. It is a secure general ledger for all payments and transactions. It can be said that everyone can contribute to the update. We need to solve a very complex mathematical problem by brute force& mdash; Hash algorithm to complete a block

many people want to know the value of a bitcoin. In fact, the price of bitcoin is changing all the time. We need to check the figures of that day. At present, the price of a bitcoin is less than 30000

7. Some things do not exist to create value
bitcoin itself is a number of virtual currency and a tool for capital speculation. It does not lie in whether it can create value, but whether it can create benefits for itself
for example, real money, which is proced by wasting resources, is a trading tool; Another example is the game console, which is a waste of resources, time and energy, but also a personal entertainment tool. Do they really create value
I don't quite agree with bitcoin, but it's chosen by capital speculation, which is artificial, but it can't be controlled by human
8.

The news that bitcoin ranks among the top 30 power consumers in the world has aroused heated discussion among many netizens. You know, there are a lot of news about bitcoin recently, but just listening to these news, it's difficult for people to have an intuitive concept compared with the popularity of bitcoin. Now there is power consumption as the measurement standard, which also makes people more aware of how much attention bitcoin is currently receiving. However, although bitcoin ranks among the top 30 power consumers in the world, it is not possible to properly curb bitcoin speculation. This is because as long as we pay attention to bitcoin, we all know that bitcoin mining consumes electricity, and only bitcoin crash can curb bitcoin speculation in a real sense

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the power consumption of bitcoin reflects that the current market is very depressed, and we prefer to invest in this seemingly illusory thing rather than in the real instry. Now, in order to develop bitcoin, the power consumption has entered the top 30 in the world. If all this electricity is used to heat water, it will last the UK for 29 years

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