Anyways...ubuntu gpu caseless build never worked...need to restart. need a good 2-5 new-build guide.
Miners buy electricity, spend time and labor on C/GPUs to make hashes which pools convert to MMC for miners who "redeem" them through merchants such as exchanges, goods, or services which can be priced in a fiat equivalent at time of trade. Keeping more in-network longer raises prices vs. selling back to fiat immediately...
Anyways, back to class:
Will use FT's data for now. Ignore labor and capital costs and time for now. Equation can be applied on a per-user or per-network basis.
Ignore time - everything below is on a "per time" basis, basically. The MMC network operating costs are basically:
Fiat ==Electric Rate==> Electricity ==C/GPU Hash Rate==> Hash ==Pool Payout==> MMC ==Merchant Service==> Fiat Eqv
F = Fiat Electric Cost (USD)
R1 = Electric Price (USD/kw-hr) = $0.12
E = Electricity used (kW-hr)
R2 = Hashes / Electricity Used (Hash/kW-hr)
H = Hashes / shares found (Hash)
R3 = Network hash / new block (Hash/MMC)
M = New MMC created / awarded (MMC)
R4 = Exchange rate for service / fiat (MMC/USD)
P = Final fiat equivalent value (USD)
Profit = P-F
on, idle - 38 watts
YAM, 7 threads, ~90% cpu use, 9.85 HPM - 107 watts
R1 = $0.12
R2 = (9.85 HPM*60 min/hr) / (107 Watt x 1 hr / 1000 W/kW) = 5500 hash/kW-hr
In six-minutes, network creates about 210 MMC per block per 6 minutes at a hash rate of about 41.2 kHpm, giving:
R3 = 210 / (41.2*6) = 0.8495145632 kH/MMC
R4 = 1/(850 USD/BTC * 0.00025 BTC/MMC) = 4.706 MMC/USD
We know now all the Rs, and know network hashes/MMC (H):
F = 5.39 USD
F*R1=E = 44.95 kW-hr
E*5500 hash/kW-hr=41.2*6 kH
41.2*6 hashes*0.852 kH/MMC=210 MMC
210 MMC*2.941 MMC/USD= 44.625 USD
That's per block award (i.e., per 6 mins). We're basically using 45/6 = 7.5 kW. A windmill is 15-30% efficient from its nameplate capacity (oversized to collect peak winds). So...we're at about 1/2 of a 100 kW windmill, but making 800% on profits on Electricity-to-MMC so far?
Someone check my math...that order of magnitude seems off a bit?