igneum/docs/analysis/class-v6/coexistence-workbook.md

The coexistence sensitivity workbook: every threshold figure with the assumptions that produce it

8 October 2026, 17:1x UK, branch class-v6-floor-sram, floor lane 3, Igneum 2.0 D4 (the research lane's pin of 17:xx UK). Every row here is a figure produced today by the floor file (docs/analysis/class-v6/floor/sram-and-floor.md), the coexistence model (docs/analysis/class-v6/coexistence-model.md) or this lane's scripts, with the assumption that produces it in its own column, so that a reader can change one column and see the figure move. Nothing in this table is a boundary the chain stays below; every figure is modelled unless its label says otherwise, and the model document cites this workbook instead of stating a threshold in prose. Generated by scratchpad/market.py on build-4 (the rows, 17:07 UK) from the same code that produced the documents' tables; the condition lines are judgement lines, labelled as such. The founder is not named.

How to read a row

figure is the quantity; value and unit its number; the next columns are the assumptions that produce it (n/a where the figure does not depend on that assumption); GPU_cost_basis says whether the GPU side is priced at MSRP or street and which card and operating point; emission_years says which years of the spec's constant the figure integrates; price_assumption carries an IGN price where one is assumed and solved where the price is the output; source_section is where the figure is used; label is measured, modelled, approximate or a judgement line.

The standing assumptions behind every surface row unless the row says otherwise: the spec's emission (0.77 / 0.80 / 0.40 / 0.40 / 0.20 / 0.20 / 0.10 / 0.10 B IGN to miners in years 1 to 8), the project starting at launch and mining for life_y years after pre_production_y, mid-year discounting, the chip's margin 1 - (0.000084 / edge + capex / (life x 8,766)) / 0.00092 with the 5090 at the lock over two years at MSRP as the GPU all-in cost (USD 0.00092 per MH/s-hour, 0.000084 of it electricity), the fleet capital and residual dropped (under 2 percent of revenue). The break-even electricity rows assume 97 percent accepted work, a 1 percent pool fee, a 5 percent wear allowance on the used price for the owner, a two-year life with the table's resale for the entrant, and the chip at USD 0.06 per kWh plus USD 0.02 of hosting with development sunk.

The rows

figure	value	unit	discount	life_y	share_q	project_cost_USD_M	pre_production_y	edge_per_joule	chip_capex_USD_per_MHs	GPU_cost_basis	electricity_USD_kWh	emission_years	price_assumption	source_section	label
lower threshold: no chip project below	23	USD M a year of miner revenue at launch	0.10	4 (years 3 to 6)	1.0	20	2	5x	n/a (margin 1 - 1/e)	n/a	n/a	y3 to y6 at the constant	p* 0.029 USD per IGN	floor 4.2 / 4.3	modelled
upper threshold: every DRAM-board project above	340	USD M a year of miner revenue at launch	0.10	4 (years 3 to 6)	0.3	75	2	3x	n/a (margin 1 - 1/e)	n/a	n/a	y3 to y6 at the constant	p* 0.441 USD per IGN	floor 4.2 / 4.3	modelled
SRAM project taking the chain	98	USD M a year of miner revenue at launch	0.10	4 (years 3 to 6)	1.0	100	2	13x	n/a (margin 1 - 1/e)	n/a	n/a	y3 to y6 at the constant	p* 0.127 USD per IGN	floor 4.2 / 4.3	modelled
SRAM project at a third	566	USD M a year of miner revenue at launch	0.10	4 (years 3 to 6)	0.3	150	2	5x	n/a (margin 1 - 1/e)	n/a	n/a	y3 to y6 at the constant	p* 0.735 USD per IGN	floor 4.2 / 4.3	modelled
development cost range, cheapest DRAM-board chip	20 to 75	USD M	n/a	n/a	n/a	20 to 75	n/a	n/a	n/a	n/a	n/a	n/a	n/a	floor 4.3 (floor lane 5: no 28 nm GDDR7 PHY)	approximate
surface p*, operator self-mining	0.224	USD per IGN	0.10	0.5	0.3	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.067	USD per IGN	0.10	0.5	1.0	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.105	USD per IGN	0.10	1	0.3	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.031	USD per IGN	0.10	1	1.0	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.070	USD per IGN	0.10	2	0.3	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.021	USD per IGN	0.10	2	1.0	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.054	USD per IGN	0.10	3	0.3	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.016	USD per IGN	0.10	3	1.0	20	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.493	USD per IGN	0.10	0.5	0.3	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.148	USD per IGN	0.10	0.5	1.0	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.230	USD per IGN	0.10	1	0.3	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.069	USD per IGN	0.10	1	1.0	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.117	USD per IGN	0.10	2	0.3	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.035	USD per IGN	0.10	2	1.0	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.095	USD per IGN	0.10	3	0.3	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.028	USD per IGN	0.10	3	1.0	20	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.841	USD per IGN	0.10	0.5	0.3	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.252	USD per IGN	0.10	0.5	1.0	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.392	USD per IGN	0.10	1	0.3	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.118	USD per IGN	0.10	1	1.0	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.261	USD per IGN	0.10	2	0.3	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.078	USD per IGN	0.10	2	1.0	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.201	USD per IGN	0.10	3	0.3	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.060	USD per IGN	0.10	3	1.0	75	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.849	USD per IGN	0.10	0.5	0.3	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.555	USD per IGN	0.10	0.5	1.0	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.862	USD per IGN	0.10	1	0.3	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.259	USD per IGN	0.10	1	1.0	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.437	USD per IGN	0.10	2	0.3	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.131	USD per IGN	0.10	2	1.0	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.355	USD per IGN	0.10	3	0.3	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.107	USD per IGN	0.10	3	1.0	75	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.681	USD per IGN	0.10	0.5	0.3	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.504	USD per IGN	0.10	0.5	1.0	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.784	USD per IGN	0.10	1	0.3	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.235	USD per IGN	0.10	1	1.0	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.521	USD per IGN	0.10	2	0.3	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.156	USD per IGN	0.10	2	1.0	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.402	USD per IGN	0.10	3	0.3	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.121	USD per IGN	0.10	3	1.0	150	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	3.699	USD per IGN	0.10	0.5	0.3	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.110	USD per IGN	0.10	0.5	1.0	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.725	USD per IGN	0.10	1	0.3	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.517	USD per IGN	0.10	1	1.0	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.874	USD per IGN	0.10	2	0.3	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.262	USD per IGN	0.10	2	1.0	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.711	USD per IGN	0.10	3	0.3	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.213	USD per IGN	0.10	3	1.0	150	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	5.604	USD per IGN	0.10	0.5	0.3	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.681	USD per IGN	0.10	0.5	1.0	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	2.613	USD per IGN	0.10	1	0.3	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.784	USD per IGN	0.10	1	1.0	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.738	USD per IGN	0.10	2	0.3	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.521	USD per IGN	0.10	2	1.0	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.339	USD per IGN	0.10	3	0.3	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.402	USD per IGN	0.10	3	1.0	500	1	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	12.329	USD per IGN	0.10	0.5	0.3	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	3.699	USD per IGN	0.10	0.5	1.0	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	5.749	USD per IGN	0.10	1	0.3	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	1.725	USD per IGN	0.10	1	1.0	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	2.913	USD per IGN	0.10	2	0.3	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.874	USD per IGN	0.10	2	1.0	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	2.369	USD per IGN	0.10	3	0.3	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, operator self-mining	0.711	USD per IGN	0.10	3	1.0	500	2	5x	0.5	5090 at the lock over 2 y, MSRP (0.00092 per MH/s-h)	0.06 chip	T0+1 onward at the constant	solved	floor 4.4 A	modelled
surface p*, edge axis	0.732	USD per IGN	0.10	3	0.3	150	2	2x	0.5	MSRP basis	0.06	constant	solved	floor 4.4 A2	modelled
surface p*, edge axis	0.720	USD per IGN	0.10	3	0.3	150	2	3x	0.5	MSRP basis	0.06	constant	solved	floor 4.4 A2	modelled
surface p*, edge axis	0.703	USD per IGN	0.10	3	0.3	150	2	13x	0.5	MSRP basis	0.06	constant	solved	floor 4.4 A2	modelled
surface p*, chip capex axis	0.789	USD per IGN	0.10	3	0.3	150	2	5x	2.8	MSRP basis	0.06	constant	solved	floor 4.4 A2	modelled
surface p*, chip capex axis	0.881	USD per IGN	0.10	3	0.3	150	2	5x	5.0	MSRP basis	0.06	constant	solved	floor 4.4 A2	modelled
surface p*, discount axis	0.611	USD per IGN	0.05	3	0.3	150	2	5x	0.5	MSRP basis	0.06	constant	solved	this workbook	modelled
surface p*, discount axis	0.821	USD per IGN	0.15	3	0.3	150	2	5x	0.5	MSRP basis	0.06	constant	solved	this workbook	modelled
surface p*, street GPU prices (capex term x2: GPU all-in 0.00176)	0.372	USD per IGN (approximate: p* scales with the GPU all-in cost)	0.10	3	0.3	150	2	5x	0.5	street (2x MSRP)	0.06	constant	solved	this workbook	approximate
surface p*, the hybrid board	0.797	USD per IGN	0.10	1	0.3	50	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	0.239	USD per IGN	0.10	1	1.0	50	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	0.263	USD per IGN	0.10	3	0.3	50	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	0.079	USD per IGN	0.10	3	1.0	50	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	1.992	USD per IGN	0.10	1	0.3	125	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	0.598	USD per IGN	0.10	1	1.0	125	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	0.658	USD per IGN	0.10	3	0.3	125	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	0.197	USD per IGN	0.10	3	1.0	125	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	3.586	USD per IGN	0.10	1	0.3	225	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	1.076	USD per IGN	0.10	1	1.0	225	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	1.184	USD per IGN	0.10	3	0.3	225	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
surface p*, the hybrid board	0.355	USD per IGN	0.10	3	1.0	225	2	2.7x	2.44	MSRP basis	0.06	constant	solved	model 12a	modelled
break-even electricity, RTX 5090 vs GDDR7 board 1 y, owner / entrant	26.9 / 9.7	cents per kWh	n/a	1	n/a	sunk	n/a	2.9x joules	5.59	measured; used price 2200 USD, new 2600, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5090 vs GDDR7 board 3 y, owner / entrant	8.7 / -8.6	cents per kWh	n/a	3	n/a	sunk	n/a	2.9x joules	5.59	measured; used price 2200 USD, new 2600, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5090 vs SRAM die 1 y, owner / entrant	1.5 / -15.7	cents per kWh	n/a	1	n/a	sunk	n/a	5.1x joules	0.78	measured; used price 2200 USD, new 2600, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5090 vs SRAM die 3 y, owner / entrant	-1.0 / -18.3	cents per kWh	n/a	3	n/a	sunk	n/a	5.1x joules	0.78	measured; used price 2200 USD, new 2600, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5080 vs GDDR7 board 1 y, owner / entrant	31.5 / 13.6	cents per kWh	n/a	1	n/a	sunk	n/a	2.6x joules	5.59	measured; used price 900 USD, new 1100, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5080 vs GDDR7 board 3 y, owner / entrant	10.8 / -7.1	cents per kWh	n/a	3	n/a	sunk	n/a	2.6x joules	5.59	measured; used price 900 USD, new 1100, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5080 vs SRAM die 1 y, owner / entrant	2.7 / -15.2	cents per kWh	n/a	1	n/a	sunk	n/a	4.5x joules	0.78	measured; used price 900 USD, new 1100, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5080 vs SRAM die 3 y, owner / entrant	-0.1 / -18.0	cents per kWh	n/a	3	n/a	sunk	n/a	4.5x joules	0.78	measured; used price 900 USD, new 1100, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 Ti vs GDDR7 board 1 y, owner / entrant	39.5 / 24.9	cents per kWh	n/a	1	n/a	sunk	n/a	2.2x joules	5.59	modelled knee; used price 650 USD, new 800, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 Ti vs GDDR7 board 3 y, owner / entrant	14.5 / -0.1	cents per kWh	n/a	3	n/a	sunk	n/a	2.2x joules	5.59	modelled knee; used price 650 USD, new 800, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 Ti vs SRAM die 1 y, owner / entrant	4.7 / -9.9	cents per kWh	n/a	1	n/a	sunk	n/a	3.7x joules	0.78	modelled knee; used price 650 USD, new 800, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 Ti vs SRAM die 3 y, owner / entrant	1.2 / -13.4	cents per kWh	n/a	3	n/a	sunk	n/a	3.7x joules	0.78	modelled knee; used price 650 USD, new 800, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 vs GDDR7 board 1 y, owner / entrant	37.6 / 18.9	cents per kWh	n/a	1	n/a	sunk	n/a	2.2x joules	5.59	modelled knee; used price 450 USD, new 560, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 vs GDDR7 board 3 y, owner / entrant	13.3 / -5.4	cents per kWh	n/a	3	n/a	sunk	n/a	2.2x joules	5.59	modelled knee; used price 450 USD, new 560, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 vs SRAM die 1 y, owner / entrant	3.8 / -14.9	cents per kWh	n/a	1	n/a	sunk	n/a	3.8x joules	0.78	modelled knee; used price 450 USD, new 560, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5070 vs SRAM die 3 y, owner / entrant	0.4 / -18.3	cents per kWh	n/a	3	n/a	sunk	n/a	3.8x joules	0.78	modelled knee; used price 450 USD, new 560, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 Ti 16G vs GDDR7 board 1 y, owner / entrant	25.9 / -1.0	cents per kWh	n/a	1	n/a	sunk	n/a	3.0x joules	5.59	modelled knee; used price 360 USD, new 450, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 Ti 16G vs GDDR7 board 3 y, owner / entrant	7.9 / -19.0	cents per kWh	n/a	3	n/a	sunk	n/a	3.0x joules	5.59	modelled knee; used price 360 USD, new 450, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 Ti 16G vs SRAM die 1 y, owner / entrant	0.9 / -26.0	cents per kWh	n/a	1	n/a	sunk	n/a	5.1x joules	0.78	modelled knee; used price 360 USD, new 450, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 Ti 16G vs SRAM die 3 y, owner / entrant	-1.7 / -28.6	cents per kWh	n/a	3	n/a	sunk	n/a	5.1x joules	0.78	modelled knee; used price 360 USD, new 450, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 vs GDDR7 board 1 y, owner / entrant	28.8 / 6.7	cents per kWh	n/a	1	n/a	sunk	n/a	2.8x joules	5.59	modelled knee; used price 250 USD, new 310, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 vs GDDR7 board 3 y, owner / entrant	9.5 / -12.5	cents per kWh	n/a	3	n/a	sunk	n/a	2.8x joules	5.59	modelled knee; used price 250 USD, new 310, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 vs SRAM die 1 y, owner / entrant	2.0 / -20.1	cents per kWh	n/a	1	n/a	sunk	n/a	4.8x joules	0.78	modelled knee; used price 250 USD, new 310, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 5060 vs SRAM die 3 y, owner / entrant	-0.7 / -22.8	cents per kWh	n/a	3	n/a	sunk	n/a	4.8x joules	0.78	modelled knee; used price 250 USD, new 310, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4090 vs GDDR7 board 1 y, owner / entrant	16.5 / -5.6	cents per kWh	n/a	1	n/a	sunk	n/a	4.5x joules	5.59	modelled knee; used price 1300 USD, new 1700, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4090 vs GDDR7 board 3 y, owner / entrant	4.7 / -17.4	cents per kWh	n/a	3	n/a	sunk	n/a	4.5x joules	5.59	modelled knee; used price 1300 USD, new 1700, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4090 vs SRAM die 1 y, owner / entrant	0.0 / -22.1	cents per kWh	n/a	1	n/a	sunk	n/a	7.8x joules	0.78	modelled knee; used price 1300 USD, new 1700, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4090 vs SRAM die 3 y, owner / entrant	-1.6 / -23.8	cents per kWh	n/a	3	n/a	sunk	n/a	7.8x joules	0.78	modelled knee; used price 1300 USD, new 1700, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4080 vs GDDR7 board 1 y, owner / entrant	18.0 / -1.2	cents per kWh	n/a	1	n/a	sunk	n/a	4.4x joules	5.59	modelled knee; used price 700 USD, new 1000, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4080 vs GDDR7 board 3 y, owner / entrant	5.9 / -13.3	cents per kWh	n/a	3	n/a	sunk	n/a	4.4x joules	5.59	modelled knee; used price 700 USD, new 1000, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4080 vs SRAM die 1 y, owner / entrant	1.1 / -18.0	cents per kWh	n/a	1	n/a	sunk	n/a	7.6x joules	0.78	modelled knee; used price 700 USD, new 1000, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4080 vs SRAM die 3 y, owner / entrant	-0.6 / -19.7	cents per kWh	n/a	3	n/a	sunk	n/a	7.6x joules	0.78	modelled knee; used price 700 USD, new 1000, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4070 vs GDDR7 board 1 y, owner / entrant	18.1 / 3.2	cents per kWh	n/a	1	n/a	sunk	n/a	4.5x joules	5.59	measured; used price 400 USD, new 550, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4070 vs GDDR7 board 3 y, owner / entrant	6.2 / -8.7	cents per kWh	n/a	3	n/a	sunk	n/a	4.5x joules	5.59	measured; used price 400 USD, new 550, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4070 vs SRAM die 1 y, owner / entrant	1.5 / -13.3	cents per kWh	n/a	1	n/a	sunk	n/a	7.8x joules	0.78	measured; used price 400 USD, new 550, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4070 vs SRAM die 3 y, owner / entrant	-0.1 / -15.0	cents per kWh	n/a	3	n/a	sunk	n/a	7.8x joules	0.78	measured; used price 400 USD, new 550, resale 0.4	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4060 Ti 16G vs GDDR7 board 1 y, owner / entrant	16.4 / -4.3	cents per kWh	n/a	1	n/a	sunk	n/a	4.8x joules	5.59	modelled knee; used price 290 USD, new 420, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4060 Ti 16G vs GDDR7 board 3 y, owner / entrant	5.3 / -15.5	cents per kWh	n/a	3	n/a	sunk	n/a	4.8x joules	5.59	modelled knee; used price 290 USD, new 420, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4060 Ti 16G vs SRAM die 1 y, owner / entrant	0.9 / -19.9	cents per kWh	n/a	1	n/a	sunk	n/a	8.3x joules	0.78	modelled knee; used price 290 USD, new 420, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 4060 Ti 16G vs SRAM die 3 y, owner / entrant	-0.7 / -21.4	cents per kWh	n/a	3	n/a	sunk	n/a	8.3x joules	0.78	modelled knee; used price 290 USD, new 420, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3090 (used) vs GDDR7 board 1 y, owner / entrant	13.8 / -5.1	cents per kWh	n/a	1	n/a	sunk	n/a	5.7x joules	5.59	modelled cap; used price 650 USD, new 900, resale 0.3	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3090 (used) vs GDDR7 board 3 y, owner / entrant	4.4 / -14.5	cents per kWh	n/a	3	n/a	sunk	n/a	5.7x joules	5.59	modelled cap; used price 650 USD, new 900, resale 0.3	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3090 (used) vs SRAM die 1 y, owner / entrant	0.7 / -18.2	cents per kWh	n/a	1	n/a	sunk	n/a	9.8x joules	0.78	modelled cap; used price 650 USD, new 900, resale 0.3	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3090 (used) vs SRAM die 3 y, owner / entrant	-0.6 / -19.5	cents per kWh	n/a	3	n/a	sunk	n/a	9.8x joules	0.78	modelled cap; used price 650 USD, new 900, resale 0.3	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3080 (used) vs GDDR7 board 1 y, owner / entrant	16.0 / 5.9	cents per kWh	n/a	1	n/a	sunk	n/a	5.3x joules	5.59	modelled cap; used price 330 USD, new 450, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3080 (used) vs GDDR7 board 3 y, owner / entrant	5.9 / -4.2	cents per kWh	n/a	3	n/a	sunk	n/a	5.3x joules	5.59	modelled cap; used price 330 USD, new 450, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3080 (used) vs SRAM die 1 y, owner / entrant	2.0 / -8.2	cents per kWh	n/a	1	n/a	sunk	n/a	9.1x joules	0.78	modelled cap; used price 330 USD, new 450, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3080 (used) vs SRAM die 3 y, owner / entrant	0.5 / -9.6	cents per kWh	n/a	3	n/a	sunk	n/a	9.1x joules	0.78	modelled cap; used price 330 USD, new 450, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3060 (used) vs GDDR7 board 1 y, owner / entrant	11.7 / 4.4	cents per kWh	n/a	1	n/a	sunk	n/a	7.3x joules	5.59	modelled cap; used price 190 USD, new 260, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3060 (used) vs GDDR7 board 3 y, owner / entrant	4.3 / -3.0	cents per kWh	n/a	3	n/a	sunk	n/a	7.3x joules	5.59	modelled cap; used price 190 USD, new 260, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3060 (used) vs SRAM die 1 y, owner / entrant	1.4 / -5.9	cents per kWh	n/a	1	n/a	sunk	n/a	12.5x joules	0.78	modelled cap; used price 190 USD, new 260, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RTX 3060 (used) vs SRAM die 3 y, owner / entrant	0.4 / -6.9	cents per kWh	n/a	3	n/a	sunk	n/a	12.5x joules	0.78	modelled cap; used price 190 USD, new 260, resale 0.25	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RX 9070 XT vs GDDR7 board 1 y, owner / entrant	7.1 / -4.5	cents per kWh	n/a	1	n/a	sunk	n/a	10.0x joules	5.59	measured; used price 520 USD, new 650, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RX 9070 XT vs GDDR7 board 3 y, owner / entrant	1.7 / -9.9	cents per kWh	n/a	3	n/a	sunk	n/a	10.0x joules	5.59	measured; used price 520 USD, new 650, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RX 9070 XT vs SRAM die 1 y, owner / entrant	-0.4 / -12.0	cents per kWh	n/a	1	n/a	sunk	n/a	17.2x joules	0.78	measured; used price 520 USD, new 650, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, RX 9070 XT vs SRAM die 3 y, owner / entrant	-1.1 / -12.8	cents per kWh	n/a	3	n/a	sunk	n/a	17.2x joules	0.78	measured; used price 520 USD, new 650, resale 0.45	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, H100 (hosted) vs GDDR7 board 1 y, owner / entrant	-21.0 / -360.1	cents per kWh	n/a	1	n/a	sunk	n/a	2.5x joules	5.59	modelled lock; used price 18000 USD, new 25000, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, H100 (hosted) vs GDDR7 board 3 y, owner / entrant	-42.3 / -381.4	cents per kWh	n/a	3	n/a	sunk	n/a	2.5x joules	5.59	modelled lock; used price 18000 USD, new 25000, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, H100 (hosted) vs SRAM die 1 y, owner / entrant	-50.6 / -389.7	cents per kWh	n/a	1	n/a	sunk	n/a	4.3x joules	0.78	modelled lock; used price 18000 USD, new 25000, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, H100 (hosted) vs SRAM die 3 y, owner / entrant	-53.6 / -392.6	cents per kWh	n/a	3	n/a	sunk	n/a	4.3x joules	0.78	modelled lock; used price 18000 USD, new 25000, resale 0.5	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, A100 (used) vs GDDR7 board 1 y, owner / entrant	5.2 / -188.9	cents per kWh	n/a	1	n/a	sunk	n/a	3.7x joules	5.59	modelled; used price 6000 USD, new 10000, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, A100 (used) vs GDDR7 board 3 y, owner / entrant	-9.5 / -203.6	cents per kWh	n/a	3	n/a	sunk	n/a	3.7x joules	5.59	modelled; used price 6000 USD, new 10000, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, A100 (used) vs SRAM die 1 y, owner / entrant	-15.3 / -209.4	cents per kWh	n/a	1	n/a	sunk	n/a	6.3x joules	0.78	modelled; used price 6000 USD, new 10000, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, A100 (used) vs SRAM die 3 y, owner / entrant	-17.3 / -211.4	cents per kWh	n/a	3	n/a	sunk	n/a	6.3x joules	0.78	modelled; used price 6000 USD, new 10000, resale 0.35	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, Apple M5 Max vs GDDR7 board 1 y, owner / entrant	3.3 / -219.2	cents per kWh	n/a	1	n/a	sunk	n/a	1.8x joules	5.59	measured (reported); used price 3200 USD, new 4000, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, Apple M5 Max vs GDDR7 board 3 y, owner / entrant	-27.0 / -249.5	cents per kWh	n/a	3	n/a	sunk	n/a	1.8x joules	5.59	measured (reported); used price 3200 USD, new 4000, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, Apple M5 Max vs SRAM die 1 y, owner / entrant	-38.9 / -261.4	cents per kWh	n/a	1	n/a	sunk	n/a	3.0x joules	0.78	measured (reported); used price 3200 USD, new 4000, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
break-even electricity, Apple M5 Max vs SRAM die 3 y, owner / entrant	-43.2 / -265.7	cents per kWh	n/a	3	n/a	sunk	n/a	3.0x joules	0.78	measured (reported); used price 3200 USD, new 4000, resale 0.55	chip at 0.06 + 0.02 hosting	n/a	n/a	model 3	modelled
condition (a) line	1.5	x the best GPU owner's cost at the GPU's electricity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	owner at 0.12: 263 to 332 uUSD	0.12 GPU / 0.06 chip	n/a	n/a	model 12	a judgement line, not a measurement
condition (b) line	0.25	of the GPU entrant's annualised hardware	n/a	2 (GPU)	n/a	n/a	n/a	n/a	n/a	5080 entrant hardware 459 uUSD	n/a	n/a	n/a	model 12	a judgement line
condition (c) line	1.0	years of miner revenue to buy a third of the chain's hash	n/a	n/a	n/a	n/a	n/a	n/a	per chip	GPU equilibrium hash at the per-class curve	0.12	year 3	0.03 to 1.00	model 12	a judgement line
condition (e) line	3.0	x per joule at the honest knee	n/a	n/a	n/a	n/a	n/a	n/a	n/a	Blackwell knee 1.70 to 2.06 uJ (5070 Ti modelled, 5080 measured)	n/a	n/a	n/a	model 12	a judgement line
condition (f) line	0.70	gross margin, falling with the halvings	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	model 12	a judgement line

Rows carried from the first-cut documents that the script does not regenerate

figure	value	unit	assumptions	source_section	label
The record's SRAM read energy	1.0 (0.5 to 2.0)	nJ per 64-byte read	the wire at 1.3 pJ per bit across a 24 mm die, a 64-byte atom	floor 2.1	approximate (lane B)
The die's read energy at the hash's width	0.25 / 0.38 / 0.55 / 0.88	nJ at W = 1 / 4 / 8 / 16	the same wire, 0.1 nJ macro, 0.05 controller, 48 + 32 W bits per read	floor 2.2	modelled
The SRAM cost curve	about 250	USD per GiB of store, flat to 2031	N2 38 Mb/mm^2 (claimed), USD 500 per reticle die, +8 percent density and +10 percent wafer price per node	floor 3.1	approximate
USD 5,000 of silicon per store	20 GiB (10 reticles) at N2, about 21 GiB in 2031	the floor size that costs it	the cost curve above	floor 3.2	modelled
The dataset floor's honest-side cost	4 / 8 / 10 percent per hash at 2 / 4 / 8 GiB at the 5090's knee; 3.5 percent of rate at 5.5 GiB at stock	the 5090 at the 1,300 MHz lock; a rented 5090 at stock (host capped at 328 W)	the hash lane's and the fleet lane's rows	floor 3.2	measured
The W = 8 energy cost on the card	+4.8 percent per hash at stock	the 5090 under the class v5 state term, PC 1	one sector per load, the second sector 1.2 nJ	floor 2.2	measured
The W = 16 energy cost on the card	+25 percent (5090), +34 percent (4090) per hash at stock	the hinted one-request form, rate held	floor lane 5's rented rows	floor 2.2c	measured
The k lane's programmable core	3.5 pJ per lane-op at N3, 2.5 at N2	synthesis-only, pre-place; x0.5 ASAP7 to N3	0.36 microjoules of class v4 shadow at N3; absolute k 0.31 stock, 0.56 lock	floor 2.2b	synthesised (the scaling approximate)
The adversary lane's placed whole-machine energies (first)	board 1.6x / 1.9x, hybrid 2.4x / 2.9x, die 2.4x / 3.3x	per joule vs the 5090 at the lock, node-for-node / a node ahead	the design's 10.0r	model 8a	the adversary lane's rows
The adversary lane's FINAL placed energies and tickets	board 1.5x / 1.8x at USD 4.84 per MH/s; hybrid 1.93x / 2.40x at 2.80 (p98 2.09x at 1.88); die 2.3x / 3.1x at 2.94 (2.14 at the smaller ticket)	complete machines	the design's 10.0t	model 12b	the adversary lane's rows
The die's ticket, reconciled (the adversary lane's section 15, 17:2x UK)	1.0 (0.5 to 1.6) per MH/s at 1 to 1.5 kW per machine: the die USD 500, the shadow core's silicon 0.55 per MH/s placed or 0.11 to 0.2 pipelined, the package 60 to 200, the board 150 plus PSU and cooling at 0.15 per W, the host 15; 852 / 1,420 / 2,130 / 2,840 MH/s at 600 W / 1 / 1.5 / 2 kW. The earlier 2.94 was a 300 W machine (the die throttled to 383 MH/s); the 0.6 is the zero-shadow silicon floor	USD per MH/s	the power budget (the maker raises it until the power train and the core's silicon bind); the core's pipelining; the package	model 12c	reconciled; the components claimed and approximate as the adversary lane labels them
The die's cost per accepted MH/s-hour at the reconciled ticket	128 / 106 (node-for-node / a node ahead); 106 / 84 at USD 0.5; 153 / 132 at 1.6	micro-USD, sunk, 3 y, at 0.06	the ticket	model 12c	modelled
Conditions (a), (b), (c) on the die at the reconciled ticket	(a) 2.06x / 2.48x (fails); (b) 0.09 (fails); (c) 12.6x short at IGN 0.10 (fails)	x the best owner; of the 5080 entrant's hardware; a third of the chain against a year's revenue	the ticket	model 12c	modelled
A sunk USD 10 M die fleet's share on landing at the reconciled ticket	42 percent of a growing chain (27 to 68 at the bounds), 62 of a flat one (40 to 93), 49 of a shrinking one (33 to 78); 100 percent of flat and shrinking chains by year 3 to 5	percent of the hash	the ticket; private supply	model 12c	modelled
The die's project economics (the adversary lane)	NRE USD 50 to 250 per MH/s for a first batch of 1,000 dies (1 to 2 TH/s) against USD 1 of unit cost; first-yield losses USD 100 to 400 per die	USD per MH/s; USD per die	the project cost 100 to 500 M; the batch size	model 12c and the surface (floor 4.4)	approximate
The die's cost per accepted MH/s-hour at each ticket	72 at USD 0.6; 211 / 190 at 2.94 (node-for-node / a node ahead); 177 / 155 at 2.14	micro-USD, sunk, 3 y, at 0.06	the ticket	model 12b	modelled
Condition (a) on the die at each ticket	2.2x to 4.6x at USD 0.6 (fails); 1.24x / 1.39x at 2.94 (passes); 1.49x / 1.69x at 2.14 (on the line)	x the best Blackwell owner at 0.12	the ticket	model 12b	modelled
Condition (b) on the die at each ticket	0.07 at USD 0.6 (fails); 0.27 at 2.94 (passes by a hair); 0.20 at 2.14 (fails)	of the 5080 entrant's hardware	the ticket	model 12b	modelled
Condition (c) on the die at each ticket, IGN 0.10	USD 2.3 M for a third of the chain at 0.6 (16x short of a year's revenue); 9.4 M at 2.94 (4.3x); 6.8 M at 2.14 (5.9x)	USD M against USD 40 M	the ticket; the per-class equilibrium hash	model 12b	modelled
A sunk USD 10 M die fleet's share of the chain on landing, year 2	70 percent at USD 0.6 (flat path), 50 (growing); 25 and 16 at 2.94	percent of the hash	the ticket; private supply	model 8 and 12b	modelled