One Bitcoin block is confirmed approximately every ten minutes regardless of how much investment in computing power and expenditure of electricity is thrown at it. Mining difficulty adjustments automatically occur every two weeks to maintain an approximate one block per ten minutes average block time.

There are approximately 144 bitcoin blocks confirmed every 24 hours. Each block earns the miners a block reward and transaction fees all denominated in bitcoin. Current epoch block reward = 3.125 BTC. Current avg. transaction fees = .46 BTC. Current total block reward = 3.585 BTC

Current BTC Price: 69,718. Current USD based mining value per day = $35,991,220. Current USD based mining value per month = $1.1B. Current USD based mining value per year = $13.1B.

A miner’s earning projections are approximately based upon the miner’s hashrate contribution in terms of percentage of the total global network hashrate. (Market Share). Miners band together in large mining pools that share in rewards based upon hashrate contribution, drastically lessening the lottery effect, effectively creating probabilistic mathematical models.

Think of Bitcoin mining like a massive, continuous lottery where everyone’s computing power represents the number of lottery tickets they hold. Just as in any lottery, the more tickets you have, the better your chances of winning. However, the Bitcoin lottery is unique because it’s incredibly competitive and the rewards are substantial. In this context, mining pools function similar to lottery syndicates. Instead of mining alone (playing the lottery solo), miners band together to form pools. By pooling their computing power, they increase their collective number of tickets, vastly improving their chances of winning. When one member of the pool finds the winning hash, the reward is distributed among all members proportionally to their contribution of computing power.

This arrangement is based on probabilistic mathematics: while it might decrease the payout for any single win (since it must be shared), it significantly increases the likelihood of winning more frequently. Thus, miners in pools trade the slim chance of winning a huge single block reward for a much higher probability of receiving smaller, but more regular and predictable, payouts.

Think of Bitcoin mining as operating in an oil field, where the key to enduring profitability lies in maintaining the lowest production costs. In this scenario, bitcoin miners are akin to oil producers who must manage their operational costs to stay competitive. As new miners join the network, increasing the total hashrate, the competition for mining rewards intensifies.

Just as low-cost oil and gas operators are best equipped to survive downturns in oil prices by maintaining profitability even in less favorable market conditions, Bitcoin miners with the lowest energy costs remain viable regardless of fluctuations in the mining competition or bitcoin price discovery cycles. The most efficient miners can operate profitably even as new miners enter the space, which increases the overall difficulty of mining Bitcoin.

In this fiercely competitive environment, achieving low operational energy costs in Bitcoin mining is analogous to securing low lift-cost oil production. Miners who excel in this through technological innovations, economies of scale, or the most strategic efficiency play—integrating directly with upstream energy sources—can maintain their operations effectively across varying cycles of heightened competition and market saturation. This direct control over their energy supply not only ensures lower costs but also greater operational stability and resilience against market fluctuations.

Furthermore, just like in the oil and gas industry, where efficient producers can scale up operations during low price periods to capture more market share when prices rebound, efficient Bitcoin miners can expand their mining capacity during periods of high competition. This not only solidifies their position in the market but also prepares them to reap more substantial rewards as the overall efficiency of their mining operations continues to drive their long-term viability.

Imagine Bitcoin mining as a global car race, where each car represents a different mining operation competing to reach checkpoints (mining new blocks) scattered around the world. Every car needs fuel (electricity) to run, but not all cars source their fuel in the same way. Most competitors buy their fuel (electric power) from various suppliers and are subject to the volatility of fuel prices and availability, much like drivers dependent on fluctuating gas station prices.

EnerBlock, however, has positioned itself uniquely in this race. Instead of relying on external fuel sources, we produce our own fuel, situating ourselves as far upstream to the fuel production (energy generation) as possible. This is akin to racing with a car that not only participates in the race but also owns a fuel refinery and the assets that supply the refinery with raw production. Our cars (mining operations) are not just highly efficient hybrids; they are integrated with the energy production and refinery itself, giving us direct access to the most cost-effective and stable fuel supply.

This strategic positioning allows EnerBlock to avoid common pitfalls that other racers face, such as grid fluctuations and dependency on external energy providers. By producing our own energy, we ensure a consistent, reliable, and economical fuel supply, enabling our cars to travel further on less fuel, maintain peak performance irrespective of external market conditions, and adapt more quickly to the ever-changing terrain of mining difficulty.

Imagine each Bitcoin as a plot of digital land within a finite, exclusive development where only 21 million plots will ever exist. Like the most coveted beachfront properties, these digital plots hold immense value due to their scarcity. Each miner acts as a developer, competing to claim and secure these plots. As in real estate development, location (or in Bitcoin’s case, the sequence of discovery) and timing are everything. The effort to mine Bitcoin resembles the rigorous process of building on prime land: it requires significant resources, planning, and energy.

Herein lies the allure of mining over merely purchasing: acquiring Bitcoin through mining is akin to securing a plot at its origin, before it reaches the open market where speculative factors can inflate prices. The miner, much like a land developer, has the opportunity to shape this newly acquired digital land, creating value through the mining process itself—validating transactions and fortifying the network. This not only yields the reward of new Bitcoin but also enhances the miner’s influence on the blockchain’s evolution.

As more people recognize the worth and utility of Bitcoin, akin to a developing neighborhood gaining popularity, the value of each ‘plot’ can appreciate substantially. Thus, while buying Bitcoin is akin to purchasing a developed property at market price, mining is like acquiring and developing a plot at its raw value—potentially more labor-intensive but with the possibility of greater reward as the digital landscape matures and thrives. This unique blend of creation, contribution, and reward makes mining a potentially more enticing proposition than simple acquisition.

Imagine the Bitcoin network as a large neighborhood where each miner is a homeowner. Just as neighbors in a community join together to form a neighborhood watch to protect their properties, miners work collectively to secure the Bitcoin network. Everyone in the neighborhood benefits from increased safety, and there are communal incentives for participating actively and positively in the neighborhood watch.

However, if a homeowner decides to act against the community’s interest, such as attempting theft or vandalism, they not only face the immediate risk of being caught and penalized by other vigilant members but also undermine the safety and value of their own property. The effort and risk involved in attempting such actions are high compared to the guaranteed benefits of contributing positively—like enjoying a safe and thriving neighborhood which increases property values.

Furthermore, the community’s collective effort in maintaining safety deters bad actors by increasing the likelihood of detection and consequence. The more homeowners participate in the watch, the more difficult and less rewarding it becomes for anyone to disrupt the peace and security of the neighborhood.