So I tried out various bitcoin mining calculators and noticed that some of them give vastly different values from others. As in a difference of double or triple. Who is right, who is wrong! E.g. this site was giving me double of what two other was giving me: http://www.alcula.com/calculators/finance/bitcoin-mining/ Please can someone more knowledgeable point me to a fairly good calculator that can provide me a good estimate of bitcoin output once given a hash rate and mining difficulty.
Bitcoin Mining Calculator - Am I understanding this correctly?
I found this calculator online: https://alloscomp.com/bitcoin/calculator If I punch in the advertised TH/s of my miner I get some output figures for what I can expect to earn in a day/month/year. However, the numbers cant be right, can they? I think this is assuming I am solo mining and I am able to solve a block on my own? Can anyone help explain this? How would joining a mining pool affect my numbers? For a 75 TH/s mining right it says I will earn the following: Difficulty - 5.21974519554e+11 Exchange rate - $1548 Block reward - 12.5 BTC Per day - 0.03613011 BTC $55.93 Per week - 0.25291074 BTC $391.52 Per month - 1.09971008 BTC $1702.42
How can I accurately curve the Bitcoin mining calculator to account for difficulty increase?
Lets say I buy one antminer s9, and run it somewhere I can get free electricity. A typical bitcoin mining profitability calculator will say that at 1300watts, I'll make around 500$ a month. Thats a projected 6k per year which is an amazing ROI, but I want to know how I can accurately account for increasing difficulty costs. I know that we can never fully predict the fluctuation of bitcoin prices and mining costs, but I want to hear from people who have been in the game a while, what they think. When does mining difficulty increase to a point where the s9 is no longer viable with a typical american electricity cost of 8cents per kilowatt hour? When is it no longer viable for hobbyists at all?
Conclusion: A Bitcoin Mining Calculator Predicts the Future To conclude, a Bitcoin mining calculator can give you a much better idea about your potential to run a profitable mining operation. Remember, however, that some factors such as Bitcoin’s price and mining difficulty, change every day and can have dramatic effects on profitability, so ... Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners. Updated in 2020, the newest version of the Bitcoin profit calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. BitcoinV mining calculator for SHA-256: Price 0.00815968$, 3.5394G difficulty, 15.898 TH/s network hashrate, 50.00 BTCV block reward. BitcoinV mining pools list and list of best mining software. Bitcoin (BTC) Mining Calculator is a simple calculator which can be used to calculate profitability or number of bitcoins can be generated using specific bitcoin mining hardware. To use the same you will need the configuration of your mining hardware and the electricity price in the area you are going to setup the bitcoin mining rig. Mining Bitcoin is not easy – that's why millions of dollars have been invested to research, develop, prototype and sell specialized mining hardware. Even if you invest in a specialized mining ASIC which can cost thousands of dollars, your chances of successfully validating a block on your own are slim.
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