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BTC Mining Power Needs - The Numbers from the HOA debunked, page-3

  1. taylorstjames
    2,128 Posts.
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    15/09/21
    22:39
    Post #: 56098056
    Just some corrections on reflection.. the numbers looked a bit odd to me when I re-read it.

    So in terms of the bottom line numbers, if EMI phased all of its BTC mining power from us...

    50,561,280 kWh weekly works out to 172,522.248 mcf of gas weekly or 24646 mcf of natural gas every day.

    I'd assume that they would ramp up to use the larger 5000mcf/day units, so for 24646mcf daily, they'd need around 5 of those units.

    The 5000mcf/day units would be returning US$4.5m - US$9m     annually

    So for EMI's BTC operation, if they were running on AXP's units, AXP would be netting between US$22.5m - US$45m annually in revenue

    Convert that to AUD, and we'd have A$30m - A$60m annually in revenue from the BTC operation.
    AXP Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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