Beginner into mining | Bitcointalksearch.org

jak3

legendary

Activity: 1274

Merit: 1004

First of all, I will like to say that mining is a very complex job(at least to set up everything). You will need a huge amount of power on the current difficulty to be able to mine so be sure that you have a very powerful hardware or else do not go for mining. Secondary as you can see there are calculators which can help you predict some earning levels but of course they will change after a month but still you can get the idea. Look for the help on YouTube there are many tutorials from many expert miners. Now if you have any questions regarding mining then search if someone has asked that question on the forum or go to https://bitcointalk.org/index.php?board=14.0 for mining-related discussions.

component9

newbie

Activity: 60

Merit: 0

You're looking for mining profitability calculators.

Here's one for Bitcoin:

https://www.coinwarz.com/calculators/bitcoin-mining-calculator

...and here's one for Litecoin:

https://www.coinwarz.com/calculators/litecoin-mining-calculator

Fill in the fields and scroll down to see the result.

Danoldo

newbie

Activity: 5

Merit: 0

I have the inital cost of the equipment, the power requirements, and other misc. costs factored in.

I am 100% lost when it comes to predicting future earnings/projections. I understand that the price of lets say, X11 BTC or Scrypt LTC is going to be variable. What I am misunderstanding is how to have any projections with a combined difficulty variable.

Does anyone know of spreadsheets/resources/reading material that would help me wrap this around my head.

I appreciate it.

Thank you for your time!~

Topic: Beginner into mining (Read 105 times)