Question: You decide to start running a mining pool which will charge a 0.7% fee before distributing rewards to pool participants. If your pool manages to

You decide to start running a mining pool which will charge a 0.7% fee before distributing rewards to pool participants. If your pool manages to amass 2.2% of total network hash power, bitcoin mining reward is 12.5 BTC/block, and price is expected to be about $5,656 USD per BTC, what is your expected fee revenue per month (30 days)?

Enter answer in dollars and cents.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!