Recently, a big shot invested in a private hydroelectric power station in the deep mountains of China. He spent 5.2 million to buy a power station that generates 3 million kilowatt-hours of electricity per year. Due to various reasons, the grid electricity price of 0.3 yuan did not meet the expected return, and there were various hidden costs, so a mining pool was built to focus on CKB mining. According to the analysis of the大佬, it will be profitable in about three and a half years. Let's summarize the current CKB mining situation:
1. CKB Mining Situation
Nervos CKB (abbreviated as$CKB ) is a blockchain project that insists on using the Proof of Work (PoW) consensus mechanism. The PoW consensus mechanism has been tested on Bitcoin for more than ten years, and its security has been widely recognized. Compared with Proof of Stake (PoS) and its variants (such as DPoS), the PoW mechanism creates a fully competitive market, which maximizes the fairness of token distribution.
CKB's mining algorithm is the self-developed Eaglesong, and within a few months of going online on the mainnet, it has successfully transitioned to the era of ASIC mining. As of now, CKB's hashrate has reached a very high level, showing that mining machine manufacturers and miners are optimistic about CKB in the long term. The higher the hashrate, the higher the security of the network, which further enhances the value of CKB.
In addition, the Nervos team has been working hard to improve the CKB network and develop related tools, and has launched many tools that are conducive to the development of the ecosystem. This year, CKB will focus more on the Layer 2 ecosystem construction, which is expected to further enhance the value of CKB.
2. Profitability
Invested 5.2 million to buy a private hydropower station with an annual power generation of 3 million kilowatt-hours. At the same time, you plan to use the electricity generated by this hydropower station to mine CKB. Based on the current market conditions and CKB's mining efficiency, we can conduct a simple profitability analysis.
Hydropower station power generation capacity: Assuming that the hydropower station generates 3 million kilowatt-hours of electricity per year, then the annual electricity sales revenue is 0.3 yuan/kWh × 3 million kWh.
CKB mining revenue: Using the electricity generated by the hydropower station to mine CKB, you can get the corresponding mining rewards. Based on the current mining difficulty and hashrate, we can estimate the annual mining revenue.
Cost analysis: The operation and maintenance costs of the hydropower station, including personnel salaries, equipment maintenance, fuel costs (if any), etc., all need to be considered. In addition, the cost of purchasing ASIC miners and electricity costs need to be considered (although this part of the electricity cost is generated by the hydropower station itself, its corresponding value still needs to be considered when calculating the total cost).
Payback period: Based on the total annual revenue (electricity sales revenue + mining revenue) and total cost, we can calculate the payback period.
Based on the current market conditions and the development trend of CKB, we can reasonably speculate that under the condition of high mining efficiency and stable power generation of the hydropower station, the payback period may be around three and a half years. Of course, this is just a rough estimate, and the actual situation may be affected by various factors, such as market fluctuations, changes in mining difficulty, and the operation of the hydropower station.
