Topic: Bitcoin mining profitability calculator - page 2. (Read 44863 times)
I'm afraid that without factoring future increases in difficulty, this is fairly useless.
Hi everybody!
I created an online calculator to estimate mining profitability.
Please check it out at http://bitcoinx.com/profit/
It is still in beta phase so be careful with the results. I am open for suggestions / additional features.
If you are interested, these are the main calculation formula:
$hashTime = ((float) $difficulty) * (pow(2.0, 32) / ($hashRate * 1000.0)) ;
$powerCostPerYear = 365.25 * 24.0 * $powerConsumption / 1000.0 * $electricityRate;
$blocksPerYear = (365.25 * 24.0 * 3600.0) / $hashTime ;
$coinsPerYear = $blockCoins * $blocksPerYear;
$revenuePerYear = $coinsPerYear * $conversionRate;
$profitPerYear = $revenuePerYear - $powerCostPerYear;
$netProfit1st = $revenuePerYear - $costHardware - $powerCostPerYear;
if ($profitPerYear <= 0) $breakEvenTime = -1;
else $breakEvenTime = $costHardware / ($profitPerYear / (365.25 * 24.0 * 3600.0));
edit: v0.8.1
edit: v0.8.2
I created an online calculator to estimate mining profitability.
Please check it out at http://bitcoinx.com/profit/
It is still in beta phase so be careful with the results. I am open for suggestions / additional features.
If you are interested, these are the main calculation formula:
$hashTime = ((float) $difficulty) * (pow(2.0, 32) / ($hashRate * 1000.0)) ;
$powerCostPerYear = 365.25 * 24.0 * $powerConsumption / 1000.0 * $electricityRate;
$blocksPerYear = (365.25 * 24.0 * 3600.0) / $hashTime ;
$coinsPerYear = $blockCoins * $blocksPerYear;
$revenuePerYear = $coinsPerYear * $conversionRate;
$profitPerYear = $revenuePerYear - $powerCostPerYear;
$netProfit1st = $revenuePerYear - $costHardware - $powerCostPerYear;
if ($profitPerYear <= 0) $breakEvenTime = -1;
else $breakEvenTime = $costHardware / ($profitPerYear / (365.25 * 24.0 * 3600.0));
edit: v0.8.1
edit: v0.8.2
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