I am working out bills for us and the best way to optimise our power usage.
It is actually to aid my father and make a bullet proof calculator that given the correct variables can provide accurate data on power usage, electricity cost, BTC earned per day, value of BTC earned in £ and so on all in one form.
It’s optimised for the information he cares most about.
Once I have the formula updated, Ill post a copy on here so you can see where I’m at and provide any input / advice on modifications I should make to increase accuracy.
Thanks again.
The calculations become less and less accurate over time because they take more and more guesses. For example, nobody can tell you what the next difficultly will be. You can guess that it will increase 5% or 10% or 20%. Do you keep that same increase for every jump from now until the last block is mined? Do you put in variable jumps? Whatever you do, you're just making a guess What about BTC->fiat? That changes every second. Electricity rates are variable. Power usage depends on the efficiency of the power supply, the power delivery, the miners themselves. All variables.
TLDR: it's guess work. Make sure dad gets that.