To estimate whether your mining operation will be profitable, it's essential to calculate the total revenue generated from mining BTC and compare it with the total cost of running the mining operation.
Based on the assumptions mentioned earlier, with 9.64 PH/s, your mining operation may earn approximately 156 BTC in a year.
At a current Bitcoin price of $30,000 USD, the total revenue from mining BTC [(156 BTC/year) x ($30,000 USD/BTC)] would be $4,680,000 USD.
However, we also estimated that the total cost of operating this mining operation for one year would be approximately $699,770,406 USD (assuming the cost of purchasing the miners, electricity costs, and other operational expenses).
Therefore, based on these assumptions, it is unlikely that the mining operation would be profitable, and would result in a net loss of approximately $695,090,406 USD.
Keep in mind that this calculation is based on several assumptions and that the actual cost of running a mining operation could be higher or lower depending on various factors like market conditions and the difficulty of mining. Additionally, Bitcoin price and difficulty level can change dynamically, affecting block times and rewards, leading to a more or less profitable mining experience.
Based on the assumptions mentioned earlier, with 9.64 PH/s, your mining operation may earn approximately 156 BTC in a year.
At a current Bitcoin price of $30,000 USD, the total revenue from mining BTC [(156 BTC/year) x ($30,000 USD/BTC)] would be $4,680,000 USD.
However, we also estimated that the total cost of operating this mining operation for one year would be approximately $699,770,406 USD (assuming the cost of purchasing the miners, electricity costs, and other operational expenses).
Therefore, based on these assumptions, it is unlikely that the mining operation would be profitable, and would result in a net loss of approximately $695,090,406 USD.
Keep in mind that this calculation is based on several assumptions and that the actual cost of running a mining operation could be higher or lower depending on various factors like market conditions and the difficulty of mining. Additionally, Bitcoin price and difficulty level can change dynamically, affecting block times and rewards, leading to a more or less profitable mining experience.