Trying to calculate bitcoin mining profitability but im not getting it right. How can i do it with these hardware specs?
PC specs: nvidia geforce 830m intel core i7-5500U CPU 2.40GHz *No costs with energy I tried to calculate on online tools but i must be doing something wrong because all of them are giving me wrong values (there are some fields that i dont know their meaning like Hashing Power,Polling Fee,Bitcoin Difficulty, Hash Rate, Block Reward, etc... )
Google sheet to auto-magically calculate bitcoin mining profitability
Hi guys, For my own amusement, I made a spreadsheet that calculates whether the bitcoin network as a whole is in profit, based on the total network hash rate, assumed electricity price in China and the cost per bitcoin. The drop down menu lets you select from the different mining rigs (I used figures on what google told me were the latest and greatest asics). Clearly these are some rough calculations but let me know if you spot any glaring mistakes. Remember you can make you own copy of the spreadsheet to edit the numbers which aren't drop downs. https://docs.google.com/spreadsheets/d/1mcYJsmWX2DPUyWbfNSydInpPALJ5tLrWUhJM_X9JEtI/edit?usp=sharing.
I have a few questions about mining in the UK. If I spent ~12k gbp / 16k usd on mining equipment (4 - 5 antminer S9), what kind of return would I get on them? From what I can tell using online calculators: each ant miner has a minimum of 11.5 TH/S of hashing power @ 1127W. Electricity price is approximately 20cents per hw/h (0.16gbp kw/h). At current prices, this would net ~9k usd a year / 6.7k gbp per miner - so if bitcoin stagnates at this price for a year, you'd still get a return of ~3x on the cost of the unit? Is the amount of btc you receive constant until the next halving in 2020? So at 11.5th/s you'd be expected to get 0.66 btc per year til 2020? Is anyone here successfully mining in the UK? Would it be worth waiting for the next iteration of the antminer series? Or perhaps its cheaper to purchase many old miners?
04-04 10:34 - 'Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool' (medium.com) by /u/bitentrepreneur removed from /r/Bitcoin within 37-47min
There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are: The Bitcoin price and the total network hash rate. The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. Mining calculator. Over the past few years, the profitability of mining has seriously decreased. There are several reasons for this – a general market decline, an increase in the complexity of mining cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others, as well as constant jumps in the exchange rate.. All this significantly complicates the calculation of future profits, especially ... Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? Mining calculator allows you to calculate the efficiency and profit from the mining of the cryptocurrency: BitCoin (BTC), LiteCoin (LTC), Ethereum (ETH), Dash (Dash), Zcash (ZEC), EthereumClassic (ETC), BitCoin Gold (BTG), BitCash (Bitcash (BCC)), considering the investment in the mining farm, the cost of electricity (there is the possibility ... Should the price of bitcoin stay stable at its current level of $11,000 and should the bitcoin mining difficulty remain steady at 2,874,674,234,416 GH/s, according to the CoinWarz Bitcoin Mining Profitability Calculator, it would take you 372 days to break even and 879 days to mine one whole bitcoin. The annual income, using the above-mentioned ...
On the right panel you will see a link to the "Bitcoin mining profitability calculator". Click on it. You will be presented with a set of variables upon which your profitability will depend. Bitcoin Hash Calculator use to calculate the profitability of Bitcoin and the tool to find good return bitcoin miners to buy. You can easily calculate how many Bitcoins mines with your hash rates ... Whattomine.com recently added a BTCP calculator that can be used to calculate mining profits. I show you a couple of ways to get Awesome Miner to calculate your profits based on the information ... Genesis mining how to calculate earnings and profitability Genesis mining how to calculate. Category People & Blogs; ... How Much Can You Make Mining Bitcoin With 6X 1080 Ti Beginners Guide ... https://bitly.su/HYAb Interest is paid to your account balance each hour 7 days a week. You can either reinvest from your available balance to increase your ...