Correct me if im wrong | Bitcointalksearch.org

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: philipma1957 on April 12, 2017, 10:07:39 AM

Quote from: rifiuti on April 12, 2017, 07:41:17 AM

So,

Let's say I have 6 rx 480 mines ETHEREUM at 28 Mh/s. 115w per card total 690w. Cost per KW/h is $0.12.

Current diff is 259 T. Current Eth price is $44,27.

Here is the Ethereum difficulty chart(T) with percentages;

2016;

May(34) to June(42) ---> +%23
June(42) to July(55) ---> +%30
July(55) to Aug(54) ---> -%2
Aug(54) to Sep(70) ---> +%29
Sep(70) to Oct(76) ---> +%8,5
Oct(76) to Nov(73) ---> -%4
Nov(73) to Dec(70) ---> -%4
Dec(70) to Jan(79) ---> +%12,8

2017;

Jan(79) to Feb(111) ---> +%40
Feb(111) to Mar(152) ---> +%37
Mar(152) to Apr(239) ---> +%57

Now based on this 12 month difficulty chart, I'm predicting %29,66 increase at difficulty every month.

Here is the monthly revenue chart for my six card;

Here is my calculation about how much I'm going to make and lose;

Here is my question comes;

1- Based on this calculation if I invest total $3.000 for everything, is that mean I will get $1790 net profit for the first year?
2- Did I included the difficulty in a correct way? Is my calculations right?
3- Why Ethereum difficulty jumped from 79 to 239 in just three months?

you only need to understand that price drives difficulty.

eth was trading under 10 usd .

eth is trading over 40 usd.

so difficulty went upwards.

All your longterm numbers are a waste of time.

Since you have no idea what coin price will be.

When trying to figure if you will make money do not go beyond 60 days. So you can not possibly accurately predict long term/

so see the price change below.

True and now enters the gamble of holding the Eth while mining or mining on something like nicehash and converting to Bitcoin immediately.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

and to further the next choice if you mined eth on nicehash and got instant convert to btc do you hold the btc.

So @ op looking long term is not wise but there are exceptions.

Lets say you have a super good power price. 0 ,1 ,2 cents per k-watt allows for the gear to continue to earn far out into the future.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: rifiuti on April 12, 2017, 07:41:17 AM

So,

Let's say I have 6 rx 480 mines ETHEREUM at 28 Mh/s. 115w per card total 690w. Cost per KW/h is $0.12.

Current diff is 259 T. Current Eth price is $44,27.

Here is the Ethereum difficulty chart(T) with percentages;

2016;

May(34) to June(42) ---> +%23
June(42) to July(55) ---> +%30
July(55) to Aug(54) ---> -%2
Aug(54) to Sep(70) ---> +%29
Sep(70) to Oct(76) ---> +%8,5
Oct(76) to Nov(73) ---> -%4
Nov(73) to Dec(70) ---> -%4
Dec(70) to Jan(79) ---> +%12,8

2017;

Jan(79) to Feb(111) ---> +%40
Feb(111) to Mar(152) ---> +%37
Mar(152) to Apr(239) ---> +%57

Now based on this 12 month difficulty chart, I'm predicting %29,66 increase at difficulty every month.

Here is the monthly revenue chart for my six card;

Here is my calculation about how much I'm going to make and lose;

Here is my question comes;

1- Based on this calculation if I invest total $3.000 for everything, is that mean I will get $1790 net profit for the first year?
2- Did I included the difficulty in a correct way? Is my calculations right?
3- Why Ethereum difficulty jumped from 79 to 239 in just three months?

you only need to understand that price drives difficulty.

eth was trading under 10 usd .

eth is trading over 40 usd.

so difficulty went upwards.

All your longterm numbers are a waste of time.

Since you have no idea what coin price will be.

When trying to figure if you will make money do not go beyond 60 days. So you can not possibly accurately predict long term/

so see the price change below.

RentGPU

sr. member

Activity: 661

Merit: 258

Quote from: rifiuti on April 12, 2017, 07:41:17 AM

So,

Let's say I have 6 rx 480 mines ETHEREUM at 28 Mh/s. 115w per card total 690w. Cost per KW/h is $0.12.

Current diff is 259 T. Current Eth price is $44,27.

Here is the Ethereum difficulty chart(T) with percentages;

2016;

May(34) to June(42) ---> +%23
June(42) to July(55) ---> +%30
July(55) to Aug(54) ---> -%2
Aug(54) to Sep(70) ---> +%29
Sep(70) to Oct(76) ---> +%8,5
Oct(76) to Nov(73) ---> -%4
Nov(73) to Dec(70) ---> -%4
Dec(70) to Jan(79) ---> +%12,8

2017;

Jan(79) to Feb(111) ---> +%40
Feb(111) to Mar(152) ---> +%37
Mar(152) to Apr(239) ---> +%57

Now based on this 12 month difficulty chart, I'm predicting %29,66 increase at difficulty every month.

Here is the monthly revenue chart for my six card;

Here is my calculation about how much I'm going to make and lose;

Here is my question comes;

1- Based on this calculation if I invest total $3.000 for everything, is that mean I will get $1790 net profit for the first year?
2- Did I included the difficulty in a correct way? Is my calculations right?
3- Why Ethereum difficulty jumped from 79 to 239 in just three months?

When i started mining 7 months ago , someone (old miner) told me that my first 6 months will get me 98% of my total profit and 2% on all the rest period , what he mean with that is after the first 6 months the profit will decrease, and i have to upgrade my hardware and make my roi before 6 months , after 7 months i can tell you that his words was totally wrong and my profit now is 2x my profit months ago , i will tell you something if you want to start mining just focus on the rig calculations , psu,mobo,gpus...etc don't go long way on profit calculations , you can't predict your profits just go a head build a reliable rig and give it some patience...goodluck

rifiuti

full member

Activity: 320

Merit: 101

So,

Let's say I have 6 rx 480 mines ETHEREUM at 28 Mh/s. 115w per card total 690w. Cost per KW/h is $0.12.

Current diff is 259 T. Current Eth price is $44,27.

Here is the Ethereum difficulty chart(T) with percentages;

2016;

May(34) to June(42) ---> +%23
June(42) to July(55) ---> +%30
July(55) to Aug(54) ---> -%2
Aug(54) to Sep(70) ---> +%29
Sep(70) to Oct(76) ---> +%8,5
Oct(76) to Nov(73) ---> -%4
Nov(73) to Dec(70) ---> -%4
Dec(70) to Jan(79) ---> +%12,8

2017;

Jan(79) to Feb(111) ---> +%40
Feb(111) to Mar(152) ---> +%37
Mar(152) to Apr(239) ---> +%57

Now based on this 12 month difficulty chart, I'm predicting %29,66 increase at difficulty every month.

Here is the monthly revenue chart for my six card;

Here is my calculation about how much I'm going to make and lose;

Here is my question comes;

1- Based on this calculation if I invest total $3.000 for everything, is that mean I will get $1790 net profit for the first year?
2- Did I included the difficulty in a correct way? Is my calculations right?
3- Why Ethereum difficulty jumped from 79 to 239 in just three months?

Topic: Correct me if im wrong (Read 426 times)