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I'm new to the mining business and am just trying to calculate some profitability as an exercise.

I'm looking at this Bitmain S17 Pro mining rig: https://shop.bitmain.com/promote/antminer_s17pro/specification

In it's specifications, it says it 50 TH/s hash rate with a power consumption of 2250W.

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Plugging this into a ETH mining profitability calculator, I get:

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Seems I can make $100M+ per month??

Obviously I'm missing something here. Can anyone help me understand why my calculations are incorrect?

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The current hashrate for the entire Ethereum mainnet is ~570 TH/s.

The claimed 53 TH/s would therefore equate to ~10% of the entire network... I'm suspecting that their TH/s rate isn't measured using Ethereum's Ethash algorithm.

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