Topic: Calculation Breakdown (Read 945 times)
Sure, just let me know how to correct the post on bitcointa.lk? I believe that website shows past posts there were already changed/deleted from here, am I right?
It appears to be a mistake in the post, rather than a mistake in our actual system.
I would really hope so... As that's a significant "mistake"
It appears to be a mistake in the post, rather than a mistake in our actual system.
Please correct your post so as not to confuse your current or potential customers.
It appears to be a mistake in the post, rather than a mistake in our actual system.
Can someone breakdown this calculation for me?
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
Where did you get this equation? =-O
https://bitcointa.lk/threads/pb-mining-5-year-mining-contracts.238321/page-7#post-4610463
https://bitcointa.lk/threads/pb-mining-5-year-mining-contracts.238321/page-168#post-7368443
http://www.cryptomania.info/pbmining-bitcoin-review
So the culprit is pbmining.
Can someone breakdown this calculation for me?
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
Where did you get this equation? =-O
In terms of the formula you gave, so far, we have accounted for only the bolded part:
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
Now if you want to use difficulty, D, instead of the estimated total hash rate you use the formula given here:
https://en.bitcoin.it/wiki/Difficulty
n = D(248 / 0xffff)
0xffff = 65535 so we have:
n = D(248 / 65535)
Substituting into the formula in the previous post:
c = (25)(6)(24)(y/(D(248 / 65535)))
c = y(25)(6)(24)(65535)/(D(248))
So in your formula we have accounted for:
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
Finally, the 106 factor is just so you can enter your hashing rate ($totalHashingPower) in MH/s instead of H/s. This leaves the following parts of the formula as wrong:
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
The corrected formula ($totalHashingPower in MH/s) is:
$per24 = ($totalHashingPower * 25 / $difficulty) * (6 * 24 * 65535 * pow(10,6) / pow(2,48));
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
Now if you want to use difficulty, D, instead of the estimated total hash rate you use the formula given here:
https://en.bitcoin.it/wiki/Difficulty
n = D(248 / 0xffff)
0xffff = 65535 so we have:
n = D(248 / 65535)
Substituting into the formula in the previous post:
c = (25)(6)(24)(y/(D(248 / 65535)))
c = y(25)(6)(24)(65535)/(D(248))
So in your formula we have accounted for:
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
Finally, the 106 factor is just so you can enter your hashing rate ($totalHashingPower) in MH/s instead of H/s. This leaves the following parts of the formula as wrong:
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
The corrected formula ($totalHashingPower in MH/s) is:
$per24 = ($totalHashingPower * 25 / $difficulty) * (6 * 24 * 65535 * pow(10,6) / pow(2,48));
Can someone breakdown this calculation for me?
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
The above fromula is wrong, the concept is very easy. You need three things:$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
y = your hash rate
n = the network hash rate
b = bitcoin subsidy for the period of interest
Then the amount of coins you will make, c, is just your slice of the total hash rate:
c = b(y/n)
Looks like you want the number of coins you will make per day (ignoring fees). In that case:
b = (25 BTC per block)(6 blocks per hour)(24 hours per day) = 3,600 BTC/day
The network hash rate is estimated here: https://bitcoinwisdom.com/bitcoin/difficulty
And right now is about 126,228,905 GH/s = 126,229 TH/s = 126 PH/s
Let's assume you had 126.229 TH/s then on average you would make 126.229 / 126,229 = 0.1% of the coins every day: 3,600 * 0.001 = 3.6 BTC per day.
Can someone breakdown this calculation for me?
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
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