Why These Estimates Are Important?

Budget Plan: These figures give you an accurate picture of the ongoing costs associated with operating the ASIC miner. It's important to analyze the costs against your possible mining profits to determine if you're making money.
Scaling Decisions: If you are planning to increase the number of miners you have Understanding the current consumption of energy and expenses will allow you to increase the capacity of your equipment. You can estimate the amount your energy bill will go up and help you decide if changing your gear or switching to models that are more efficient in energy use is the most efficient.
Risk Management: In the highly volatile realm of cryptocurrency, managing costs is vital. Any miscalculation of the cost of energy can have a significant impact on your net income, especially when mining margins are a bit tight. If you extend your calculations from a daily to monthly and annually you will be able to build a complete overview of your operating expenses. This understanding will help you plan your budget and optimize your mining activities.

Lilly Wilson @lillywilson