Bitcoin difficulty hash calculator

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Bitcoin Profit Calculator Mining Recipes

VentureBeat Homepage. Join today's leading executives online at the Data Summit on March 9th. Register here. Just how profitable is it to mine Ethereum? Our assumption set uses numbers from January of that you can see below we have done our best to use reasonable and middle-ground numbers :. As you can see here, our hypothetical mining rig is more efficient and profitable than some of the best mining equipment on the market right now.

The hardware specs are four GPUs, plus a processor, a motherboard, and a power supply rated at 1, Watts of electricity. A reasonable cost of power is approximately 10 cents per kwh. This is below the national average for retail power rates in the U. To run a mining rig you will likely pay at least 10 cents per 1, watts run for each hour.

We will also use the block reward and block difficulty from January of as our base point. And we assume mining with a single rig is only reasonable when working with a mining pool.

Some mining pools take up to 10 percent of your earnings, but some of the best only take 1 percent. This gives us an exponential growth factor that describes the increasing growth of the difficulty of Ethereum mining:.

Based on this fit, we found the following values to describe a predictive line for future values of the difficulty function. Using the growth of block difficulty, we can calculate that over a period of one year, the difficulty factor will grow from 2,,,,, to 11,,,,, We do this by using the fit of the difficulty function and assuming this fit will be true for future values.

The block difficulty shares an inverse relationship with the profitability of your Ethereum mining rig. Eventually, your rig will make less money per day than the cost of electricity to keep it running. At this point, you would have to turn off your miner, because keeping it on will lose you money. For our predictive profit function, we plugged a point into the calculator once every month and assumed a linear fit in between each point. According to this calculator, if you started mining in January , a year and a half in day you would start losing money since your Ethereum mining rig would cost more to run than it would generate in profit again, assuming a static price in Ethereum.

You could resell your GPUs to cut some of your losses, but your equipment will have lost a lot of value and that loss is only going to accelerate as newer mining equipment continues to improve at an impressive rate, something that is making GPUs from a year and a half ago already lose a majority of their value. Your GPU resale value will ultimately determine your overall mining investment return.

Looking at the value of GPUs on Amazon. In our calculations, we also used a favorable, but not ideal, scenario for electricity costs. Consider the following three examples, one of an individual miner in Connecticut, one in Washington D. Depending on where you live, electricity can greatly affect the profitability of mining. In the case of a miner in D. We have also excluded other potential costs from our calculations.

These costs could include further expenses such as operational, cooling and maintenance costs. Of course, the real hope with mining is that the currency you are mining in this case Ether will appreciate greatly. Going through the mining process to gain Ether may seem like an inefficient route to the currency. You could instead just choose to invest all that money into your desired cryptocurrency to start with, in which case you would derive profits without the operational headache of running mining equipment.

There is an ever greater threat to mining profitability approaching in the near future: Ethereum is soon moving to a proof-of-stake model with the Casper Protocol. When this happens, something expected in years, traditional mining will no longer work and mining rigs will become obsolete. Rigs will no longer be able to generate streams of revenue from Ethereum mining. To be a staker you will no longer need the complicated hashing power of GPUs that proof-of-work required.

This post is not intended to discourage mining on the Ethereum network. Miners are needed to secure the vast decentralized system we enjoy today.

Our intent is to show that mining profitability is based on the appreciation of Ethereum. As we move into a world with more decentralized services that pay in Ethereum directly, or services that pay in other crypto-assets, mining may become less favorable due to the large depreciating investment in hardware. VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact.

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Bitcoin Mining Calculator & Profitability Calculator

Here is the million-dollar question: is crypto mining still viable? That is perhaps the first question that pops up in the mind of every prospective cryptocurrency miner. By all rights, this is a reasonable question. Unfortunately, straight yes or no answers are hard. While cryptocurrencies are known for their volatility, price fluctuation, nonetheless, presents an opportunity for those willing to take the volatility bulls by the horns. The Bitcoin market, despite the doldrums of , now has deep liquidity and tapered volatility.

Bitcoin Profitability Calculator – BTC Mining Profit Calculator · Bitcoin difficulty · Bitcoins per Block (BTC/block) · Conversion rate (USD/BTC) · Electricity rate.

Bitcoin Profitability Calculator – BTC Mining Profit Calculator

The cryptocurrency was invented in by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity and thus carbon footprint used by mining, price volatility , and thefts from exchanges. Some investors and economists have characterized it as a speculative bubble at various times. Others have used it as an investment, although several regulatory agencies have issued investor alerts about bitcoin. The word bitcoin was defined in a white paper published on 31 October The unit of account of the bitcoin system is the bitcoin. The bitcoin blockchain is a public ledger that records bitcoin transactions.

Mining Profit Calculator

bitcoin difficulty hash calculator

Whether you're looking to get started in the world of cryptocurrency mining or you're a pro, this calculator can tell you your profit margins based on the current bitcoin mining difficulty and the Bitcoin price BTC to Dollar USD rate. Just input your hash rate, any pool fees you many incur, power usage, power cost in kw per hour you can find this on an electricity bill, or look online for averages in your area if you're unsure and hardware costs if you're using your own rig, or the contract cost if you're using cloud mining, then hit calculate. The results it outputs below are daily, weekly, monthly and yearly estimated profits, along with the amount of time, in days, it will take to breakeven, taking in to account your initial contract fee, or hardware costs. Bitcoin is one of many altcoins that you can mine.

Developed for miners by miners.

Every Reason Why Crypto Mining Is Still Profitable

Calculations are just for information purposes and will likely differ from results. All you need in order to make the Bitcoin Calculator display a result is to supply the speed of your mining hardware. However, the accuracy of the Bitcoin mining calculator improves the more honest information you supply. The mining results are based on multiple changing factors and are just valid for the given values, thus it's best practice to rely on the Bitcoin mining calculator for a short time frame only. While the Bitcoin difficulty has almost always risen after the expected validity of 14 days and thus might be somewhat forseeable, the Bitcoin exchange rate has proven to highly fluctuate, which might lead to a dramatically different outcome. Because of this dynamics we are only displaying results for at most one month.


This is where a Bitcoin mining calculator comes into play. By inputting various parameters, the calculator will show you how long it will take to pay back your investment. This will help you to decide whether Bitcoin mining is right for you. Why should I use a Bitcoin mining calculator? Mining Bitcoin used to be a fairly simple process. You could set up a computer to solve complex maths problems and, in return, receive Bitcoin.

Calculate estimated cryptocurrency rewards for your Mining Plan. over time due to cryptocurrency exchange rate and mining difficulty fluctuations.

Calculations now based on using latest v12x of the CPU Mining software. E-mail, Telegram, and mobile alerts. Nevertheless, you also should choose one that does not need you to spend thousands of dollars on mining hardware. If you are a new Burst user, you will need a small amount of Burst to activate your wallet.

Toncoins are distributing via special giver smartcontracts which use proof of work mechanism. That way by checking proofs we can estimate how much computational power is used for coin extraction. Before the miner finds a proof-of-work and receives a reward, he needs to iterate over a large number of hashes. Well, the reason is that the initial issue of 5bn Toncoins was transferred to ad hoc Proof-of-Work Giver smart contracts.

The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target.

Published on Jan 08, By Paul Maritz. Not knowing which equipment to buy and how to optimize its use can make you lose money in the long run. Also, not knowing your mining profitability might make you spend more money erroneously or overestimate your earnings. This guide will cover how you can calculate how profitable your mining is, and which tools you will need to increase your profits. There are many factors which can influence the outcome of your mining profitability.

The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares.

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