Topic: (Closed for Maintenance) Mining Profitability Chart (Read 22301 times)
Longest maintenance ever!
(offtopic) such memories... all this was 9 years ago omg.
There seems to be something wrong with your chart. The MtGox price numbers are about 10x too small, and all the other traces are smushed flat near the bottom of the chart. And I can only see two of them. Does each of them need its own vertical scale, perhaps? Also there are lots of 0, Infinity and NaN values in your data below the chart.
Oh, I totally need to update the ticker scraping code >_<
Thanks for noticing, it always breaks when I pay least attention to it.
There seems to be something wrong with your chart. The MtGox price numbers are about 10x too small, and all the other traces are smushed flat near the bottom of the chart. And I can only see two of them. Does each of them need its own vertical scale, perhaps? Also there are lots of 0, Infinity and NaN values in your data below the chart.
Added IXCoin, I0Coin and SolidCoin profitability comparison.
Will make separate bitcoin-only page next
Will make separate bitcoin-only page next
Looks like the mtgox prices aren't coming through again, is it possible to include a box to type in the variables manually if they don't come through automatically?
Otherwise, cool chart, great for comparing Bitcoin and Namecoin! Thanks.
Otherwise, cool chart, great for comparing Bitcoin and Namecoin! Thanks.
Well, MtGox is back, bugs fixed, chart is back again, too 
Would there be a way to make the chart easier to understand by only showing bitcoin (and not including any lines or references to Namecoin ?)
Even if it is a form with a checkbox perhaps?
Well, MtGox is back, bugs fixed, chart is back again, too
You're probably aware of this but if not your chart does not seem to be updating mtgox price.
The chart is correct; the numbers however are not. Fix is underway. Thanks for your feedback)
You're probably aware of this but if not your chart does not seem to be updating mtgox price.
Also, they aren't simply weighted, profit=price/difficulty, and difficulty changes over time
I was referring to this statement above - on a 1 week chart, they actually would be just weighted (maybe with a single change in the [invisible] weighting number that travels over the chart and disappears) most of the time.In the long chart it might be interesting, in the short version it only adds clutter imho.
Difficulty changes not even every week (well, in Namecoin it does currently 
), so having it on a weekly chart might be a bit much, as there would be max. 2 different difficulties (and you can see the jump anyways clearly)
You misunderstood me. ), so having it on a weekly chart might be a bit much, as there would be max. 2 different difficulties (and you can see the jump anyways clearly)1. Difficulty is already only on historical graph
2. Look at the namecoin graph zigzags and you'll see that there's not much sense plotting prices and profits on the same scale. I think I'm gonna split them into 2 charts.
Difficulty changes not even every week (well, in Namecoin it does currently ), so having it on a weekly chart might be a bit much, as there would be max. 2 different difficulties (and you can see the jump anyways clearly)
), so having it on a weekly chart might be a bit much, as there would be max. 2 different difficulties (and you can see the jump anyways clearly) The Mtgox prices seem to be on a different scale (on the upper chart).
As they are anyways just a differently wheighted version of the profit charts, maybe you could get rid of them in the upper chart anyways? (Namecoin price - not profit - too)
Prices are using other scale than profits. I'm considering either to split them (because they're not really related), or to rescale.As they are anyways just a differently wheighted version of the profit charts, maybe you could get rid of them in the upper chart anyways? (Namecoin price - not profit - too)
Also, they aren't simply weighted, profit=price/difficulty, and difficulty changes over time
The Mtgox prices seem to be on a different scale (on the upper chart).
As they are anyways just a differently wheighted version of the profit charts, maybe you could get rid of them in the upper chart anyways? (Namecoin price - not profit - too)
As they are anyways just a differently wheighted version of the profit charts, maybe you could get rid of them in the upper chart anyways? (Namecoin price - not profit - too)
This is great. I assume the address on the bottom (1NpcrLukTvASg38sbTeUMshkySTLm7FW41) is a bitcoin, not a namecoin address, right? I just want to make sure before I make a donation.
Yes, it's bitcoin. Thanks!Also, here's how you can make the chart scroll automatically to the right. It's a dirty script, but it works.
It works! So we finally have autoscroll Thanks again!
This is great. I assume the address on the bottom (1NpcrLukTvASg38sbTeUMshkySTLm7FW41) is a bitcoin, not a namecoin address, right? I just want to make sure before I make a donation.
Also, here's how you can make the chart scroll automatically to the right. It's a dirty script, but it works.
Name the div with the history chart 'historydiv'.
Also, here's how you can make the chart scroll automatically to the right. It's a dirty script, but it works.
Code:
Name the div with the history chart 'historydiv'.
Thanks for this! All I have to do now is check your charts to see if it's worth it more to mine nmc or btc.
Right now it's showing 0.000 for all profits. I assume that's because one of the MtGox price thingies is messed up, right?
Right now it's showing 0.000 for all profits. I assume that's because one of the MtGox price thingies is messed up, right?
Previously, MtGox was outputting garbage instead of tickers. Now BitcoinCharts was down for maintenance.
Now I query both MtGox and BitcoinCharts and hope one of them works
Suggestion:
Add some horizontal lines every 1 USD, a bold one every 5
Add some horizontal lines every 1 USD, a bold one every 5
Done that
Thanks for this! All I have to do now is check your charts to see if it's worth it more to mine nmc or btc.
Right now it's showing 0.000 for all profits. I assume that's because one of the MtGox price thingies is messed up, right?
Right now it's showing 0.000 for all profits. I assume that's because one of the MtGox price thingies is messed up, right?
Your welcome and thanks for giving me credit on your charts page that was unexpected
Love your chart, but it stopped updating! 
Fix in progress?
Oh shi %) Fix in progress?Apparently the updating job died while I was not attending it. Thank you!
Love your chart, but it stopped updating! Fix in progress?
Fix in progress?
Suggestion:
Add some horizontal lines every 1 USD, a bold one every 5
Add some horizontal lines every 1 USD, a bold one every 5
The Namecoin difficulty seems to come from a website that is down, hm?
"If you decide to go after Namecoin instead, the numbers would look as following:
Infinity NMC/day, 0.0400 NMC/BTC ($0.7616 per NMC), and $Infinity/day.
After next Namecoin diff update: Infinity NMC/day and $Infinity/day."
I'M GOING TO BE INFINITIVELY RICH, BABY!
"If you decide to go after Namecoin instead, the numbers would look as following:
Infinity NMC/day, 0.0400 NMC/BTC ($0.7616 per NMC), and $Infinity/day.
After next Namecoin diff update: Infinity NMC/day and $Infinity/day."
I'M GOING TO BE INFINITIVELY RICH, BABY!
Oh, you catched a moment when I was updating the code
So, the update:
- Split charts to "last week" and "all time"
- Added namecoin difficulty/price/profit.
The Namecoin difficulty seems to come from a website that is down, hm?
"If you decide to go after Namecoin instead, the numbers would look as following:
Infinity NMC/day, 0.0400 NMC/BTC ($0.7616 per NMC), and $Infinity/day.
After next Namecoin diff update: Infinity NMC/day and $Infinity/day."
I'M GOING TO BE INFINITIVELY RICH, BABY!
"If you decide to go after Namecoin instead, the numbers would look as following:
Infinity NMC/day, 0.0400 NMC/BTC ($0.7616 per NMC), and $Infinity/day.
After next Namecoin diff update: Infinity NMC/day and $Infinity/day."
I'M GOING TO BE INFINITIVELY RICH, BABY!
Update: MtGox stats (and all currency calculations) were screwed. Fixed.
I don't know of any exchange where you can sell Namecoin for USD!
I know https://exchange.bitparking.com/ . What's wrong with NMC->BTC->USD? make the NMC economy (and hash rate) explode like there's no tomorrow! 
Can't think of any sensible hurt that the influx of miners might do to namecoin (name squatting? don't make me laugh)Although if I'm missing something - please explain.
I don't know of any exchange where you can sell Namecoin for USD!
I know https://exchange.bitparking.com/ . What's wrong with NMC->BTC->USD?Giving the BTC value in USD for NMC is a bit misleading - please at least state that you'd get x BTC for 100MH/s mining Namecoins wich would then be worth y USD on MtGox.
Well, I should probably mention about mining pool fees, mtgox fee, variance, lost/stale/invalid/orphaned blocks and all such things then... It would get over-complicated and would resemble a big pile of legaleze, which I don't really want. That's what Wiki is for.
Dude! Putting Namecoin in there will only make the NMC economy (and hash rate) explode like there's no tomorrow!
It is a TINY network, compared to BTC at the moment and what's worse: I don't know of any exchange where you can sell Namecoin for USD! Giving the BTC value in USD for NMC is a bit misleading - please at least state that you'd get x BTC for 100MH/s mining Namecoins wich would then be worth y USD on MtGox.
It is a TINY network, compared to BTC at the moment and what's worse: I don't know of any exchange where you can sell Namecoin for USD! Giving the BTC value in USD for NMC is a bit misleading - please at least state that you'd get x BTC for 100MH/s mining Namecoins wich would then be worth y USD on MtGox.
Difficulty Factor 817583.785486
per Month ฿22.44 $224.39
per Month ฿22.44 $224.39
Yep. I wonder what all those people will do with their 2-3k$ rigs now
The Namecoin predicted difficulty jump stands out even more)
this happens to mining in 1000 more blocks.
Difficulty Factor 817583.785486
Hash Rate (mega-hashes / second) : 600
Exchange Rate ($/฿): $10.00
Coins Dollars
per Day ฿0.74 $7.38
per Week ฿5.38 $53.82
per Month ฿22.44 $224.39
Difficulty Factor 817583.785486
Hash Rate (mega-hashes / second) : 600
Exchange Rate ($/฿): $10.00
Coins Dollars
per Day ฿0.74 $7.38
per Week ฿5.38 $53.82
per Month ฿22.44 $224.39
Update: Now with Namecoin ( http://dot-bit.org/ ) data!
Can't find historical namecoin data though, started to collect on my own...
Can't find historical namecoin data though, started to collect on my own...
Ah, and another question:
Where do you get this data from?
I guess from bitcoincharts.com... right?
Oh BTW, do you know of any historical data of NMC/BTC tickers?Where do you get this data from?
I guess from bitcoincharts.com... right?
There is a weird portion in the graph where the price is below the profit line. Is it something wrong with the data?
1) Price and profit does not use the same scale
2) At the very beginning of the graph, there is portion where MtGox price is not available, the profit line reflects this while the price line does not
I may cut it off in the future though.Ah, and another question:
Where do you get this data from?
I guess from bitcoincharts.com... right?
Bitcoincharts, blockexplorer, mtgox.Where do you get this data from?
I guess from bitcoincharts.com... right?
Profitability charts are based on the concept that you can predict the future, which you can't even come close.
@$30/BTC your chart would never have predicted a huge drop to $13/BTC. People would be crying salty tears based on a $30 projection that suddenly halved.
EDIT: Sorry you are only looking at current month and predicted next difficulty. Not so bad. Thumbs up to you then.
Well, this isnt meant to be a "prediction chart", but a historical chart. I completely agree with you about predictions based solely on tickers, yes) @$30/BTC your chart would never have predicted a huge drop to $13/BTC. People would be crying salty tears based on a $30 projection that suddenly halved.
EDIT: Sorry you are only looking at current month and predicted next difficulty. Not so bad. Thumbs up to you then.
Ah, and another question:
Where do you get this data from?
I guess from bitcoincharts.com... right?
Where do you get this data from?
I guess from bitcoincharts.com... right?
Green line: profit (linear scale)
Orange line: MtGox price (log scale)
OBJECTION!
Orange line: MtGox price (log scale)
OBJECTION!
Sssh, that's supposed to be sekrit. Look at that exponential return on investment instead!
sorry might sound quite "stupid" but as the difficulty scales go up (meaning less bitcoins are generated per mh/s) would it not cause by default, an increase of value of BTC as they become more "rare" or "harder" to "produce"?
Only if the rate that people buy BTC keeps up with the rate BTC are generated.If there is more demand than ~7200 new BTC/day (plus what old miners are selling from their stashes, so maybe ~8000 BTC/day for a while still) price will go up, if there is less, price will go down.
Difficulty wil FOLLOW price (as it might get unprofitable to mine at some points) but not vice versa - a merchant will nearly ALWAYS see ~7000-7500 BTC per day generated regardless of difficulty (and this is the only thing that drives price) unless a lot of miners quit at the same time.
sorry might sound quite "stupid" but as the difficulty scales go up (meaning less bitcoins are generated per mh/s) would it not cause by default, an increase of value of BTC as they become more "rare" or "harder" to "produce"?
God no... not more of this stuff. Profitability charts are based on the concept that you can predict the future, which you can't even come close.
@$30/BTC your chart would never have predicted a huge drop to $13/BTC. People would be crying salty tears based on a $30 projection that suddenly halved.
EDIT: Sorry you are only looking at current month and predicted next difficulty. Not so bad. Thumbs up to you then.
@$30/BTC your chart would never have predicted a huge drop to $13/BTC. People would be crying salty tears based on a $30 projection that suddenly halved.
EDIT: Sorry you are only looking at current month and predicted next difficulty. Not so bad. Thumbs up to you then.
* Changed mtgox price to linear scale
* added (somewhat scary) next difficulty-based profit estimate
Also, yes, in Ukraine we use commas too, but I'm too lazy to make dynamically-generated page for different languages/countries
There is a weird portion in the graph where the price is below the profit line. Is it something wrong with the data? * added (somewhat scary) next difficulty-based profit estimate
Also, yes, in Ukraine we use commas too, but I'm too lazy to make dynamically-generated page for different languages/countries
* Changed mtgox price to linear scale
* added (somewhat scary) next difficulty-based profit estimate
Also, yes, in Ukraine we use commas too, but I'm too lazy to make dynamically-generated page for different languages/countries
* added (somewhat scary) next difficulty-based profit estimate
Also, yes, in Ukraine we use commas too, but I'm too lazy to make dynamically-generated page for different languages/countries
Currently, 100 MH would give you 0,17728007 BTC/day. At rate $21,70 per BTC this gets you $3,8470/day
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
Hmm, there were commas in place of decimal points. Fixed.
Europeans use commas at the decimal point.
I'm only really interested in the profit part anyways...
Nice work so far, let's see how this will still be improved!
/bookmarked
Edit:
Check out code.google.com/apis/chart/ for example... maybe it'll help you?
Nice work so far, let's see how this will still be improved!
/bookmarked
Edit:
Check out code.google.com/apis/chart/ for example... maybe it'll help you?
I don't feel the log scale profit reflects the true volatility of mining. Will make mtgox linear, too.
Green line: profit (linear scale)
Orange line: MtGox price (log scale)
OBJECTION!
Orange line: MtGox price (log scale)
OBJECTION!
I doesn't really makes sense to compare then, so I don't see problem with different scales. Do you?
Green line: profit (linear scale)
Orange line: MtGox price (log scale)
OBJECTION!
Orange line: MtGox price (log scale)
OBJECTION!
I doesn't really makes sense to compare then, so I don't see problem with different scales. Do you?
Green line: profit (linear scale)
Orange line: MtGox price (log scale)
OBJECTION!
Orange line: MtGox price (log scale)
OBJECTION!
Currently, 100 MH would give you 0,17728007 BTC/day. At rate $21,70 per BTC this gets you $3,8470/day
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
Hmm, there were commas in place of decimal points. Fixed.
Very cool. I would have assumed decimals anyhow.
Currently, 100 MH would give you 0,17728007 BTC/day. At rate $21,70 per BTC this gets you $3,8470/day
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
Hmm, there were commas in place of decimal points. Fixed.
I like it!
However, this math doesn't quite add up to me...
Currently, 100 MH would give you 0,17728007 BTC/day. At rate $21,70 per BTC this gets you $3,8470/day
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
However, this math doesn't quite add up to me...
Currently, 100 MH would give you 0,17728007 BTC/day. At rate $21,70 per BTC this gets you $3,8470/day
Don't get me wrong, I'd love to get $3800/day for 100MH, but I don't think that is correct
-Phil
2012-01-06: Closed for maintenance
2011-09-25: Added IXCoin, I0Coin, SolidCoin
2011-06-27: MtGox is back, bugs fixed, chart is back again, too
I've got tired of http://bitcoin.atspace.com/income.html (since it only works once a day for me), and made my own
See http://tvori.info/bitcoin/charts/ . Suggestions welcome.
Displayed data:
* Historical profit chart (BTC, NMC)
* Last week profit chart
* current profit (All currencies)
* projected profit (accounts for next difficulty increase)
Data sources:
* BlockExplorer
* Bitcoin prices/profits: MtGox / BitcoinCharts (whichever ticker works at the time)
* Namecoin: Bitparking Exchange + MtGox.
2011-09-25: Added IXCoin, I0Coin, SolidCoin
2011-06-27: MtGox is back, bugs fixed, chart is back again, too
I've got tired of http://bitcoin.atspace.com/income.html (since it only works once a day for me), and made my own
See http://tvori.info/bitcoin/charts/ . Suggestions welcome.
Displayed data:
* Historical profit chart (BTC, NMC)
* Last week profit chart
* current profit (All currencies)
* projected profit (accounts for next difficulty increase)
Data sources:
* BlockExplorer
* Bitcoin prices/profits: MtGox / BitcoinCharts (whichever ticker works at the time)
* Namecoin: Bitparking Exchange + MtGox.
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