Ice is amazing stuff. It takes ~80 calories of heat to convert 1 gram of ice at 32F to 1 gram of water at 32F whereas it only takes 1 calorie of heat to raise one gram of water one degree Celsius. This amount of energy is known as the latent heat of fusion for water. What latent heat of fusion for water means in layman's terms is that 1 gram of ice can sink 80 degrees Celsius from 1 gram of wort during the phase change from ice to water. A 5-gallon batch of 1.060 wort water weighs approximately 48lbs; hence, 48lbs of ice will drop 5 gallons of 1.060 wort from boiling to 20C (68F) during the phase change from ice to water, and that is before the wort and the melted ice water reach equilibrium (i.e., equalize in temperature). Forty-eight pounds of ice is roughly 5.75 U.S. gallons of water. If the wort is dropped from boiling to 20C during the phase change from ice at 32F to water at 32F, then we have 5.75 gallons of 32F cooling water and 5 gallons of wort at 68F before the liquids reach equilibrium, and 5.75 * 32 + 5 * 68 / 10.75 = 49F wort after the liquids reach equilibrium. Granted, this scenario is for a 100% efficient heat exchange system, but it does illustrate the power of ice when it comes to cooling.