How much does an anthill mine per day?

Therefore, it takes 86.509 kWh to produce one bitcoin with S19 Pros. This is the same as 86.5 megawatt-hours (MWh) or 0.0865 gigawatt-hours (GWh). Read more about electricity unit conversions here. However, note that the block reward decreases over time.

In 2024 the block reward will decrease from 6.25 to 3.125 bitcoins in what is known as a halving event. Halvings occur every four years, read more about miner trends here. Using the variables described above, we find that the bitcoin production rate is 37.5 BTC per hour over the next three years (until the 2024 halving). This means that about 900 bitcoins are produced per day, and 328,500 are created per year.

To put this in perspective, a typical nuclear power plant produces 1000 MW of electricity. This equates to 24,000 MWh per day, or 24 GWh. Whereas a large-scale power provider such as the Three Gorges Dam in China spits out a maximum capacity of 22.5 GWh. This equates to 540,000 MWh per day, or 540 GWh.

The world currently has some 62,500 power plants. Considering that one large power plant could run four times the entire Bitcoin network, Bitcoin's energy consumption seems less threatening. The price of Bitcoin is increasing at an average of 1,039 l per day over the last year. Try playing with the calculator using different prices.

Bitmain - Bitmain manufactures the AntMiner line of Bitcoin miners. Bitmain is based in Beijing, China, and also operates a mining pool.

David Gerula
David Gerula

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