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by Aissen 1850 days ago
I'm curious what it's like, so here is a small calculation. Some metrics:

- 144 blocks per day are mined on average

- the current network hashrate is 145M TH/s

- a 100 TH/s rig is about $10k.

The investment to be able to have full control of mining one block on average, without electricity, internet and storage :

- per week: you'd need 143k TH/s (145M / (144 * 7)), so about $14M of investment in just the mining rig (provided you can buy it all)

- per month: you'd need 33k TH/s, so $3M of mining rig investment.

- per year: you'd need 2.7k TH/s, so about $270k in mining rig equipment.

Of course, there are a lot of variables here (e.g hashrate is highly variable), but this gives a general idea.

All this for a "washing" method that heavily implicates the miner: the address of the new coins is still known, it's not really "clean", just an unusual transaction.

1 comments

Now run the same numbers for ETH.
No, I was just curious how big a mining pool one had to have to pull it off. I invite you to do the same for ETH if you're curious about it.