To probe the mining market, I estimated the total capex of several PoW projects.
The capex is estimated by averaging the price of the most efficient ASIC over several retailers, and using its hashrate/$ to convert global hashrate to capex.
The results:
1. $btc: $24.5B
2. $kas:…— Shai ❤️ Deshe 💜 Wybors𐤊i 💙 (大胡子) (@DesheShai) December 3, 2024
**Shai Deshe Wyborski Explores PoW Mining Capex, Highlights Kaspa’s Position**
In a recent Twitter post, Shai Deshe Wyborski, a PhD candidate in quantum cryptography and one of the core developers of the Kaspa blockchain, shared insights into the mining market for various Proof of Work (PoW) projects. His analysis focused on estimating the total capital expenditures (capex) required for mining operations across several PoW protocols, providing a valuable perspective for investors and miners alike.
Deshe’s methodology involved estimating capex by averaging the price of the most efficient Application-Specific Integrated Circuit (ASIC) devices available from various retailers. By examining the hashrate per dollar spent, he converted the global hashrate into total capital expenditure, yielding some revealing results.
Among the notable findings, Shai estimated that the total capex for Bitcoin (BTC) currently stands at approximately .5 billion. While the full list of the estimated capex for various cryptocurrencies was not disclosed in the tweet, the insights undoubtedly underscore the financial commitment involved in participating in the PoW mining landscape.
Highlighting the significance of such data, the implications for Kaspa, a high-throughput blockchain characterized by its innovative blockDAG structure, are particularly notable. As one of the emerging players in the cryptocurrency ecosystem, Kaspa’s mining efficiency and scalability could attract interest from miners evaluating the capex landscape, especially in comparison to established giants like Bitcoin.
Deshe’s research not only sheds light on the financial commitments in cryptocurrency mining but also emphasizes the ongoing development and potential of Kaspa in a competitive market. For those looking to stay updated on the latest news, insights, and resources pertaining to Kaspa, Kaspanews.net remains the go-to source.