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turns out peter thiel only invested 50 million in this company Layer1 and they are trying to design their own chips . It will cost billions to pull off this stunt so you don't have to worry . Peter must have made this investment because he is more interested in the power they are securing for future plans or just some IP from the chips they plan to design.
If hashrate ~120 million TH/s and we are assuming he is investing in modern 5nm ASICs like an avalon 1166 @ 68 TH/s than he will need ~441,176 of these ASICs for 25% of Bitcoins hashrate
That would cost about half a billion dollars for the ASICs alone , not including the other costs from setting it up , securing the electricity, the warehouses , maintenance , security, etc...
The problem with this calculation is buying these ASICs quickly would drive up the prices
Also Hashrate is a moving target so he will need more than this as he scales up operations
Realistically with enough effort I could see him maybe getting 5-10% of global hashrate , I hope he tries as well.
edit - doesn't look like a serious attempt with their largest investor only investing 50 million.
Hmm, current hashrate is known.
So to get 25% one knows with available HW what is needed?
Add housing, install costs etc.
I wanted to know the ballpark number since for me it would be good enough.
I'm convinced that won't be good enough for the investors who have to actually pay the money...