The big problem I see with calculator is it does not mention difficulty's change and how big of a effect it will have. Sure... it looks amazing when you calculate a year without any increase in hashrate. But that is unrealistic they should add difficulty change to calculator I would suggest. Anyone investing anywhere on mining make sure to use one like - https://bitcoinwisdom.com/bitcoin/calculator where diffficulty is being factored in.
Just like this week difficulty will play a bit role it's shaping up to be - https://bitcoinwisdom.com/bitcoin/difficulty . A lot of new gear being pumped out. And it's almost scary on this change.
Just like this week difficulty will play a bit role it's shaping up to be - https://bitcoinwisdom.com/bitcoin/difficulty . A lot of new gear being pumped out. And it's almost scary on this change.
Ofcourse it is problem, because for new users it is information about service.
Now i know that this information is useless, but over year ago i thought that it is information about mining capability of this service.
Other words for what is there this calculator? To mislead people!
It all depends the one I linked to is pretty good at giving accurate info, but you have to input data. Things such as difficulty you cannot know for sure so that is where speculation comes in place. And some speculation can be off quite a bit. There is no guarentee of ROI, that is part of mining but also why I like to get hardware myself most of tiime where I own the miner.
As far as https://bitcoinwisdom.com/bitcoin/difficulty it really is not to mislead people. You just need to learn about bitcoin before using it. I can see what you mean about being new. But really if you are new you should read about mining before jumping into it, you have to understand things like difficulty... if not you are not really to point to make good decisions.
I agree if a site uses current difficulty and times it by days .... chances are it's meant to mislead or be used just for this difficulty period. Coinwarz is a good example of one that is not meant to mislead but just does current calculation on mining. A cloud mining site that uses current mining difficulty and bases a weeks/months/year off of it chances are is trying to mislead.
You have 100% right but i'm not talking about ROI.
When i buy contract there i know enought about mining and difficulty.
At the beginning CM.W was mining approximately like their calculator shows. Everything was ok.
Now shows that 10ghs can mine around 7000 satoshi (like shows before) - i don't have even half with 130ghs.
This can mislead people. Ofcourse they have:
"Note: Calculated statistical throughput is a theoretical amount. ..."
Ok, "theoretical amount" but if difference is 2000% there is something wrong..
Just please don't tell me that their rewards are possible because of difficult increasing
Please re-read it again I am saying the opposite. Difficulty increasing is going to push it down. The site you mention specifically investing in has bashed me before as I don't like the graph they post sometimes showing ROI over 100 percent like it guarantees future. I think we are thinking the same thing.
I just listed some better tools for calculating that are not linked to any sales. So they have no reason to mislead.
Yep, your links are very useful and this is basic tool for everyone who is thinking about mining BTC.
I talk about dirty trick of CM.W and calculator that is showing nice amounts of btc and mislead people who is looking for place to invest money, because they think that it show their (CM.W) mining results.
Maybe now...
