By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back. Bitcoin, the top cryptocurrency, could hit $100,000 by the end of 2024, according to a report by Jeff Kendrick, head of digital asset research at Standard Chartered Bank. By the end of 2024, we could see Bitcoin (BTC) reaching the $100,000 level , as we believe the much-hyped "crypto winter" is finally over. According to Kendrick, Bitcoin could benefit from many factors. For example, recent instability in the banking sector due to the end of the Fed's rate hike cycle and the increased profitability of cryptocurrency mining. As uncertainty persists, Kendrick believes the path to the $100,000 level is becoming more apparent. Bitcoin has bounced back this year, topping $30,000 for the first time in 10 months. However, the crypto industry lost trillions of dollars in 2022 after the Fed raised interest rates. Observers Are Arguing About Bitcoin Standard Chartered isn't the only
Antminer S17+ 70th/s profitability calculation estimate
Antminer S17+70TH/s is a bitcoin SHA-256 algorithm ASIC miner that uses the 7nm ASIC chips technology. It was released in January 2020 and produced with the Bitmain 7nm chips technology, which improves system performance.
Antminer S17+70TH/s enables users to mine bitcoin (BTC) and bitcoin cash (BCH) with the maximum hash rate of 70TH/s and its power consumption of 2800W ± 10%, power efficiency of 0.0055 J/GH, and the size of power supply is 17.5 x 29.8 x 30.4mm.
Mining with the Antminer S17+70TH/s makes mining very easy, efficient, and profitable for its users.
The Antminer S17+70TH/s specification
Manufacturer | Bitmain |
Model | Antminer S17+ (70Th) |
Release | January 2020 |
Size | 175 x 298 x 304mm |
Weight | 12 KG |
Fan(s) | 4 |
Power | 2800W |
Voltage | 12V |
Interface | Ethernet |
Temperature | 5 – 45 °C |
Humidity | 5 – 95 % |
The acceptable input voltage for Antminer S17+70TH/s is 220V.
The user should use the equipment according to the specifications and instructions because any wrong input voltage is likely to cause the miner to stop working.
The typical condition has a min reference power and a typical AC input voltage, and also the max condition has a max reference power and a min AC input voltage.
In the low power mode, the max hash rate is around Typ hash rate *103%.
Calculation Parameters | |
Power Consumption (Watts) | 2800 W |
Electricity Cost (per KWh) | $0.1 |
Coin | Bitcoin |
Manufacturer | BITMAIN |
Hash rate | 70 TH/s |
Algorithm | SHA-256 |
Payback | 115 days |
Duration | 226 days |
Estimated Power Cost | |
Daily Power Cost | $6.72 |
Weekly Power Cost | $47.04 |
Monthly Power Cost | $201.60 |
Annual Power Cost | $2,452.80 |
Estimated Revenue W/O Cost | |
Daily Revenue | $21.95 |
Weekly Revenue | $153.65 |
Monthly Revenue | $658.50 |
Annual Revenue | $8,011.75 |
Estimated Profit After Cost | |
Daily Profit | $15.23 |
Weekly Profit | $106.61 |
Monthly Profit | $456.90 |
Annual Profit | $5,558.95 |
Disclaimer:
The Above Profit Table is a carefully calculated estimate based on known real-time factors and Parameters. The actual values may or may not vary significantly from the values provided in the table above. The Above table is only meant to provide insights and afford Ideas to any cryptocurrency miner looking to purchase this particular Product for Mining Purposes.
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