How much can an ant mining machine dig a bitcoin a day?
For bitcoin mining, many miners are very concerned about a problem. That is how much an ant mining machine can dig bitcoins in a day? Because the ant mining machine is the mainstream mining machine on the market, many miners are mining ant mining machines, so the ant mining machine has become a reference mining machine for bitcoin mining. Let's follow the RHY mine to analyze and interpret how much an ant mining machine can dig bitcoin in a day?
First, let's first understand Bitcoin mining. Bitcoin is composed of a series of complicated digital codes. Every 10 minutes, the Bitcoin system randomly generates a data block on the node. A large number of operations are used to find this block. Being able to find it in the first place, whoever gets a bitcoin, this process of finding the block is what we call mining.
What is a block?
In the simplest terms, such as building a house, its basic unit structure is each brick; and the basic unit structure that makes up the blockchain is called a block. Each block contains two parts: a block header, which records the meta information of the current block; a block body that records the actual data.
The block difficulty is used to measure the number of operations required to dig out a block average, reflecting how long it takes to dig a certain number of blocks under certain difficulty, which is also an important reference indicator for miners mining.
The difficulty of generating data blocks is measured by the difficulty value. We can also simply understand the definition of the time it takes to dig into the data block.
Difficulty value (difficulty) = maximum / current target value
The time generated by a block = the 32th power/hashrate of the difficulty value x2 (hashrate is the number of hashes per second)
As of January 2019, the difficulty factor of the whole network block is about 480PH/s, which is about 68 billion times of the creation block. That is to say, with the current calculation power, the whole network miners need to pass about 3,000 trillion times. Hash operations can find an eligible answer and generate a new block.
As the mining team grows larger, the difficulty of acquiring data blocks will become more and more difficult. What is the impact of block difficulty on mining revenue?
1 For those miners with fixed computing power, the block difficulty and the mining revenue are inversely proportional. The greater the net computing power, the greater the block difficulty, so the smaller the number of bitcoins dug out every day, the more the income The lower the net computing power, the smaller the block difficulty, so the more the number of bitcoins dug out every day, the higher the profit.
2 For those miners who are just preparing to invest in mining, the faster the block growth rate, the faster the increase in the overall network computing power, which means that the mining revenue will decrease faster, and these factors need to be fully considered in the accounting.
How many bitcoins can the whole network generate in one day?
1 block = 12.5 BTC
1 hour = 6 blocks = 12.5x6 = 75 BTC
One day = 24 hours = 24x6 = 144 blocks = 144x12.5 = 1800 BTC
The whole network can generate 1,800 BTCs throughout the day, and the current total network power is 40.5E, which is equivalent to 3 million ant mining machines S9i (computing power is 14T) while competing for billing rights. The competition is very intense. .
So how much can an ant miner dig a bitcoin a day? (Taking the ant mining machine S9i as an example)
Rated calculation power: 14TH/s
Wall power consumption: 1.5kw / h
If the mining machine keeps working 24 hours a day and night, according to the calculation formula, each ant mining machine s9i can be dug out every day: 0.00055062BTC
Don't underestimate the number of zeros before the decimal point, at the current price of $5,273. An ant miner can generate $2.9797 per day (excluding electricity bills), and the higher the price, the more mining revenue per day. Of course, the cost of electricity will consume a lot of mining revenue. At this time, choosing a low-cost mine is an important measure to improve the mining revenue. At present, the domestic electricity tariff level of mines is generally between 0.04470 US dollars and 0.07449 US dollars, while overseas mines can achieve a price of 0.02980 US dollars per kWh. For example, RHY mines in the Middle East are as low as 0.02831 US dollars per large mine. The mining cost of mining, under the price of electricity, the miners will be more profitable.