Bitcoin and Ethereum mining revenue

1. bitcoin and Ethereum are the mines of pow computing power. IPFs is a new storage mining mode.

2. 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.

3.

Bitcoin uses SHA-256 encryption algorithm. When mining, it competes with computing power. In order to improve computing power, bitcoin has gone through four stages: CPU mining, GPU mining, FPGA mining and now ASIC mining machine mining, and the degree of specialization is getting higher and higher

Ethereum uses the ethash encryption algorithm. In the process of mining, it needs to read the memory and store the DAG file. Because the bandwidth of each read memory is limited, and the existing computer technology is difficult to have a qualitative breakthrough in this problem, so no matter how to improve the computing efficiency of the computer, the memory read efficiency will not be greatly improved. Therefore, in a sense, Ethereum's ethash encryption algorithm is ASIC resistant.

different encryption algorithms lead to great differences in mining equipment and computing power between bitcoin and Ethereum

at present, bitcoin mining equipment is mainly ASIC mining machine with a very high degree of specialization. The maximum computing power of a single mining machine is 110t / s, and the scale of computing power of the whole network is more than 120eh / s

the main mining equipment of Ethereum is video card miner, and there are very few specialized ASIC miner. On the one hand, the "ASIC resistance" of Ethereum mining algorithm improves the threshold of developing ASIC miner. On the other hand, after Ethereum is upgraded to 2.0, the consensus mechanism will be transformed into POS, and the miner can not continue mining

compared with the ASIC miner, the graphics card miner has two orders of magnitude difference in computing power. At present, the computing power of mainstream graphics card miner (8 cards) is about 420mh / s, and that of Ethereum is about 230th / s.

from the time dimension of the past two years, bitcoin's computing power of the whole network is growing rapidly, while Ethereum's computing power of the whole network is growing relatively slowly

The ASIC mining machine of

bitcoin is monopolized by several major mining machine manufacturers, and miners can only buy it from the market; Although the graphics card miner of Ethereum is also manufactured by a special miner, the miner can buy accessories from the market and assemble them according to his own demand