Ethereum death window, based on fundamental analysis Hi i hope to have good time
Today i want to calculate ETH death window based on fundamental analysis!
what's the meaning of death window ? i called lowest price and lowest time period after that all of Ethereum network crash and dead, after this price mining is not profitable and all the miner switch off their machines .
lets calculate this price:
All of us know ETH network generate new block after 14.5 seconds and today block rewards is approximately near 3 Eth.
I would like to estimate how much miner paid for electricity to generate a single Ethereum for this purpose we need to chose sample and formal miner devices and total network hashrate .
base on my experience from mining optimum mining rig with 6 GPU ( optimum GPU card ) cards are able to generate 180 MH with using 1.2 Kwh electricity,
from last published idea i found average electricity rate is 0.1189 $/Kwh .
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how many mining rig we need to build today Ethereum networks ?
total Ethereum network speed is 287,486.80 GH/s ( refer to etherscan.io) so we need 287486800 MH/s / 180 MH/s = 1,597,149 mining rigs
this bunch of devices is using 1,916,579 Kwh,
during an hour Ethereum network generate near 757 ETH
today a single ETH cost = total eth network electricity * electricity cost / total ETH during an hour = 301 $
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i will update this post when we are moving in downtrend again.
