1 00:00:00,650 --> 00:00:03,958 A higher hashrate can leave less money after electricity. This 2 00:00:03,958 --> 00:00:07,597 is why a firmware comparison needs more than a percentage increase. 3 00:00:07,817 --> 00:00:11,977 VNISH downloads are free. Running the firmware includes a developer share. 4 00:00:12,197 --> 00:00:15,902 We will compare three hypothetical profiles. These are teaching 5 00:00:15,902 --> 00:00:19,607 numbers, not hardware measurements or current mining revenue estimates. 6 00:00:20,327 --> 00:00:24,484 For each operating state, record hashrate, wall power, your electricity 7 00:00:24,484 --> 00:00:29,056 tariff, revenue per terahash per day, and the applicable developer share. 8 00:00:29,276 --> 00:00:32,053 Use the same currency and comparable measurement windows. State 9 00:00:32,053 --> 00:00:34,829 whether hashrate comes from the device or the pool. 10 00:00:35,049 --> 00:00:38,331 Check the exact terms for the selected product and build. 11 00:00:38,331 --> 00:00:41,612 The public catalog does not provide one universal VNISH fee. 12 00:00:42,332 --> 00:00:44,987 Our revenue input is before the fee being modelled. 13 00:00:44,987 --> 00:00:47,642 We reduce that input by the assumed developer share. 14 00:00:47,862 --> 00:00:51,758 If you use actual credited revenue that already reflects this share, do 15 00:00:51,758 --> 00:00:55,331 not subtract it again. Double counting would make the comparison wrong. 16 00:00:56,051 --> 00:00:59,800 Daily electricity cost is wall power in watts, divided by 17 00:00:59,800 --> 00:01:03,925 one thousand, multiplied by twenty-four hours and the tariff per kilowatt-hour. 18 00:01:04,145 --> 00:01:08,131 Contribution after electricity is hashrate times revenue per terahash per 19 00:01:08,131 --> 00:01:12,117 day, times one minus the modelled fee, minus electricity cost. 20 00:01:12,337 --> 00:01:16,045 This assumes a proportional fee on revenue. Confirm that it 21 00:01:16,045 --> 00:01:19,383 fits your data. This is contribution, not total profit. 22 00:01:20,103 --> 00:01:23,995 For this example, electricity costs six cents per kilowatt-hour. Hypothetical 23 00:01:23,995 --> 00:01:27,497 gross revenue is five cents per terahash per day. 24 00:01:27,717 --> 00:01:31,878 The baseline uses no modelled developer fee. Both alternatives use an illustrative 25 00:01:31,878 --> 00:01:35,692 two percent fee. Two percent is not a quoted VNISH rate. 26 00:01:35,912 --> 00:01:38,759 All profiles run for twenty-four hours. These assumptions 27 00:01:38,759 --> 00:01:41,605 stay fixed while we change hashrate and power. 28 00:01:42,325 --> 00:01:45,664 The baseline has one hundred terahashes per second and three 29 00:01:45,664 --> 00:01:49,336 thousand watts at the wall. It uses seventy-two kilowatt-hours per day. 30 00:01:49,556 --> 00:01:54,156 At six cents, electricity costs four dollars and thirty-two cents. 31 00:01:54,156 --> 00:01:58,755 Hypothetical revenue is five dollars, leaving sixty-eight cents after electricity. 32 00:01:58,975 --> 00:02:02,013 Efficiency is thirty joules per terahash: three thousand 33 00:02:02,013 --> 00:02:05,051 watts divided by one hundred terahashes per second. 34 00:02:05,771 --> 00:02:10,443 Alternative A raises hashrate by fifteen percent, to one hundred fifteen terahashes 35 00:02:10,443 --> 00:02:15,504 per second. Power rises five percent, to three thousand one hundred fifty watts. 36 00:02:15,724 --> 00:02:21,148 Daily energy is seventy-five point six kilowatt-hours. Electricity costs four point five three 37 00:02:21,148 --> 00:02:26,571 six dollars. Efficiency improves to about twenty-seven point three nine joules per terahash. 38 00:02:27,291 --> 00:02:31,322 Before the illustrative fee, revenue is five dollars and seventy-five cents. 39 00:02:31,322 --> 00:02:35,352 After two percent, it is five point six three five dollars. 40 00:02:35,572 --> 00:02:39,009 Subtract four point five three six dollars of electricity. The 41 00:02:39,009 --> 00:02:42,446 contribution is one point zero nine nine dollars per day. 42 00:02:42,666 --> 00:02:46,336 That is forty-one point nine cents more than the baseline. This is 43 00:02:46,336 --> 00:02:49,700 a result of these assumptions, not a forecast for your hardware. 44 00:02:50,420 --> 00:02:54,027 Now keep the same higher power, but raise hashrate only 45 00:02:54,027 --> 00:02:57,994 five percent. Alternative B produces one hundred five terahashes per second. 46 00:02:58,214 --> 00:03:01,709 Revenue after the illustrative fee is five point one four 47 00:03:01,709 --> 00:03:05,555 five dollars. Electricity still costs four point five three six dollars. 48 00:03:05,775 --> 00:03:09,790 The remaining contribution is zero point six zero nine dollars. More hashrate, 49 00:03:09,790 --> 00:03:13,471 but seven point one cents less per day than the baseline. 50 00:03:14,191 --> 00:03:18,769 The baseline leaves sixty-eight cents. Alternative A leaves one point zero nine 51 00:03:18,769 --> 00:03:22,967 nine dollars. Alternative B leaves zero point six zero nine dollars. 52 00:03:23,187 --> 00:03:26,039 A beats the baseline; B does not. The word 53 00:03:26,039 --> 00:03:28,891 faster alone cannot tell you which comparison will win. 54 00:03:29,611 --> 00:03:33,549 Alternative A adds zero point six three five dollars of daily revenue 55 00:03:33,549 --> 00:03:37,487 after the fee. It also uses an extra three point six kilowatt-hours. 56 00:03:37,707 --> 00:03:41,265 Divide the extra revenue by the extra energy. The crossover 57 00:03:41,265 --> 00:03:44,467 is approximately seventeen point six four cents per kilowatt-hour. 58 00:03:44,687 --> 00:03:48,169 This is where the two profiles tie under fixed assumptions. It 59 00:03:48,169 --> 00:03:51,652 is not the tariff where the whole mining operation becomes profitable. 60 00:03:52,372 --> 00:03:55,595 At twelve cents per kilowatt-hour, the baseline contribution becomes 61 00:03:55,595 --> 00:03:58,819 negative three point six four zero dollars per day. 62 00:03:59,039 --> 00:04:02,832 Alternative A is negative three point four three seven dollars. A is 63 00:04:02,832 --> 00:04:06,624 still ahead by twenty point three cents, while both results are negative. 64 00:04:06,844 --> 00:04:11,050 Better than the other profile and positive after electricity are different tests. 65 00:04:11,770 --> 00:04:16,710 The existing ROI ASIC calculator handles energy, electricity cost, and joules 66 00:04:16,710 --> 00:04:21,649 per terahash. It does not calculate developer fees or full profitability. 67 00:04:21,869 --> 00:04:25,923 Use it for that part of the comparison. Keep the revenue and fee 68 00:04:25,923 --> 00:04:29,976 arithmetic separate, and preserve all inputs so someone else can reproduce the result. 69 00:04:30,696 --> 00:04:35,453 Before acting, check the exact fee terms, the revenue basis, wall power, 70 00:04:35,453 --> 00:04:39,813 and comparable measurement windows. Do not deduct the same fee twice. 71 00:04:40,033 --> 00:04:43,457 The comparison excludes cooling, overhead, other 72 00:04:43,457 --> 00:04:47,451 fees, downtime, equipment cost, financing, and taxes. 73 00:04:47,671 --> 00:04:52,127 Published by ROI ASIC. Educational animation with synthetic narration. Sources 74 00:04:52,127 --> 00:04:57,029 and calculator are in the description. No hardware benchmark is claimed.