The formula for calculating the price of mined machine coins

Bitcoins mined per hour = (effective computing power/network computing power) * (block bonus + block transaction fee)*6.

Hourly mined bitcoin * shut coin price = (power cost * power consumption / 1000 + hourly mined bonus * 2%); (i.e. revenue = electricity cost + processing fee, where 2% is the mining pool's processing fee)

The shutdown coin price is then calculated as (power cost * power consumption / 1000 + hourly digging bonus * 2%) / hourly digging bonus.

Take the current T9 miner, which is very close to the shutdown coin price as an example; according to the official data m31s whatsminerprovided by Bitmain, its arithmetic power is 12 TH/S and power consumption is about 1512 watts (actual deviation will occur), so we will substitute the above data into the formula with the power cost of $0.4.

T9 digs the following reward per hour: (12TH/S/ 44890000 TH/S)*(12.5+0.5)*6 approximately mining appequal to 0.00002085 BTC.

The current price of a T9 shutdown coin is (0.4*1.512+0.000000417)/0.00002085 = $29007

Cloud computing power for bitcoin mining

Mining is no longer a personal game, scale, specialization, capital operation direction gradually clear, with the technical threshold of mining, deployment threshold, the corresponding cost and capital requirements also significantly increased. The large mine, whether in legal compliance, usually built mine will have a project book, the local government investment documents or Development and Reform Commission approval, formal electricity procedures and approvals; or mining machine costs, the minimum can get half of the market price; or in the cost of electricity, as low as 0.22 yuan / degree; have a huge advantage.

At the moment, large mining farms primarily launch two types of products: mining computing miner gatepackage leasing and arithmetic package purchase.

Buy bitcoin mining cloud arithmetic packages at the end of the bear market and the beginning of the bull market to lock in arithmetic power at a lower cost in advance and wait for bitcoin prices to rise; rent bitcoin mining cloud arithmetic packages at the end of the bull market because the cost of buying arithmetic power is relatively high at the end of the bull market.

Of course, understanding the mining industry's opportunities and risks, as well as determining the best way to invest in bitcoin mining for yourself, is critical.

15