( 25th October 2019 )
Mining reward estimation is very important for any miners. I will explain it with same examples as following. Also arbitrage of mined coin is another possibility. I will show you both of them.
AMD RX580 Optimized Mining Hash Rate on 1st JUN 2019 was show as following reward estimation:
Here, we assume that 2,000 RIGs of AMD RX580 GPUs.
The case of Bitcoin2Gen gave 291.74 USD/ month/ RIG.
Therefore, expected optimized mining reward is:
291.74 USD x 2,000RIGs =583,480USD / month.
Fig-1: Optimized and Default Profit/Month Chart for Different Coins
The below given chart shows that by trading AI bot earns some profits per month, we assume that 10% gain by them:
Fig-2: Trading AI bot gain 10% shown in this chart
The Below given Bar Graph shows 1.96 times by annual trading gain:
Fig-3: Gain of 1.96 times shown in this Graph
About the estimation of reward enhancement by recycle mining by AI arbitrage and mining coin selection. Assume 10% increment from original amount of crypto currency per month.
Annually expectable reward will be 196% from original.
The case of Bitcoin2Gen by 2,000 RIGs gave 583,480USD / month.
Therefore, expected increasing amount of crypto currency is:
= 583,480 x 12
=7,001,760 USD/ year.
Expectable AI trading will be
= 7,001,760 USD x 1.96
= 13,723,449.6 USD / Year.
Moreover, if we utilize AMD Radeon 7 series, the hash rate at Ethereum will be more than 120Mhps. Therefore, expectable reward will be three times bigger hash rate than present value. It will be 41,170,348 USD/ year.
Now, initial expenses, we purchased 10 areas lands and GPU Mining RIGs which has 12 GPU cards per RIG was assumed. The cost of initial expenses is
Land 10 acres = 2M USD
Shield building = 0.2M USD
Container x 4 = 0.2M USD
2000 GPU RIGs = 10M USD
Electricity cabling and other infrastructures = 0.6M USD
Total 13 M USD
Running cost was already calculated by reward estimation list, Therefore,
Annual R total = Annual Reward - IE – RE
= 41,170,348 USD/ year. - 13 M USD
= 28,170.348 USD/ year
From second year, total profits will be 41,170,348 USD/ year. In case of same value of crypto currency.
The maintenance cost, let’s suppose the life time of GPU RIGs is five years, (Actually GPU life time is more than 1Millions hours, it will be failed most likely power supply and fans), we can consider 2M USD per year. But even so, it still higher profits.
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