Let us imagine a world where $kas is as big as Bitcoin, what would that mean for small miners? Let’s do some rough back-of-the-envelope calculation.
The going rate of an Antminer S19 is around 1350$, and it provides about 115TH/s. So mining BTC roughly costs around 12$ per TH/s…
— Shai ❤️ Deshe 💜 Wybors𐤊i 💙 (大胡子) (@DesheShai) June 27, 2024
In a recent tweet, Shai Deshe Wyborski, a PhD candidate in quantum cryptography and core developer of Kaspa, posed a thought-provoking question about the potential impact of Kaspa becoming as big as Bitcoin on small miners. Deshe speculated on the implications for small miners in a world where Kaspa, the cryptocurrency he is heavily involved with, reaches the same level of prominence as Bitcoin.
Deshe’s tweet outlined a rough calculation regarding the cost of mining Bitcoin with an Antminer S19, which is currently priced at approximately 50 and provides about 115TH/s. This calculation led to the estimation that mining Bitcoin costs around per TH/s.
The tweet sparked curiosity and discussion within the cryptocurrency community about the future of Kaspa and its potential implications for miners and the broader market.
For the latest news and resources on Kaspa, readers are encouraged to visit Kaspanews.net, the premier source for all things related to the innovative cryptocurrency.