OK, lets say that you played 14 hours a day for two days, 60k wood works out to about 24 wood piles per hour, gathered with a pick, putting aside that you're going to need to eat, and you are completely unmolested with access to all the wood spawns in your area.
Possible, but highly unlikely on any moderately busy PvP server. If you're not building on a somewhat populated PvP server, what's the point?
Converting 60,000 wood to planks is about 3.3 hrs alone, let alone the crafting time for the panels. Is this server "fastcraft"? If so, again, pointless...
Yes it has instacraft almost all but the official servers do have instacraft...