Maybe you should ;O)
Apologies if I have offended.
I am trying to calculate my "steady and predictable BTC income stream" and doing my due diligence on the historical, medium term and short term difficulty changes, before I go ahead with an investment.
PS : Don't knock the mathematicians, they are the only reason Bitcoin exists after all ;O)
Topic: . - page 2. (Read 51026 times)
I'm looking at these contracts and got all confused ...
I'm trying to work out what my expected total BTC payout would be from a 4 month 1 GHPS contract.
I understand the difficulty changes every 14 days. Is there somewhere I can get the historic changes in the difficulty ?
If I can find that figure and assume I got to keep the rig for ever, I can use the sum to infinity calculation as follows, right ? ...
1 / ( 1 - ( 1 / ( 1 + difficulty change ) ) ) x 14 (days of each period) x 1.15 (current daily payout from 1 GHPS) = total BTC payout
Let's assume for now that it is high (10%) that would give ...
1 / ( 1 - ( 1 / ( 1 + 0.1 ) ) ) x 14 X 1.15 = 11 x 14 x 1.15 = 177.1 BTC
So that's £1760 / 177.1 BTC = £9.94 / BTC at least (as I'll only have the 1 GHPS for the 4 months rather than forever)
Is 10% a safe estimate for the difficulty increase ?
I'm trying to work out what my expected total BTC payout would be from a 4 month 1 GHPS contract.
I understand the difficulty changes every 14 days. Is there somewhere I can get the historic changes in the difficulty ?
If I can find that figure and assume I got to keep the rig for ever, I can use the sum to infinity calculation as follows, right ? ...
1 / ( 1 - ( 1 / ( 1 + difficulty change ) ) ) x 14 (days of each period) x 1.15 (current daily payout from 1 GHPS) = total BTC payout
Let's assume for now that it is high (10%) that would give ...
1 / ( 1 - ( 1 / ( 1 + 0.1 ) ) ) x 14 X 1.15 = 11 x 14 x 1.15 = 177.1 BTC
So that's £1760 / 177.1 BTC = £9.94 / BTC at least (as I'll only have the 1 GHPS for the 4 months rather than forever)
Is 10% a safe estimate for the difficulty increase ?
Love the huge tower of graphics cards, looking forward to more pics of DC3.
To tease you will make a pic of a fan, later today.
I take it you're the reason all my retailers are sold out of XFX 5870s and 5850s
These babies are waiting for someone to buy a mining contract
Oh god.. Envy..
Bump..
I'll wait until exchange rate jumps to 50$ and than respond, if you do not mind.
I'll be delighted to be slapped in the face if that's the case
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