How Does a Pool Operator Estimate the Volume of Electricity Futures Contracts They Need to Purchase?

The operator estimates the required volume by calculating the pool's total expected power consumption (in Megawatts) over the period covered by the futures contract. This is based on the current and forecasted total hash rate of the pool and the average power consumption of the connected mining hardware.

This expected consumption is then translated into the appropriate number of futures contracts (e.g. Megawatt-hours).