Formula to calculate mining profit | Bitcointalksearch.org

Ayers

legendary

Activity: 2590

Merit: 1022

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Quote from: Lantic_Mining on March 16, 2018, 06:00:37 PM

((Your Hashrate / Network Hashrate) * (Block Reward * Block Time) * Coin Price) - (Price per kWh * Rig kWh Consumption) = Your expected net profit

Is that what you mean?

Depends on the luck of your pool whether you make exactly what your percentage of the network hashrate would suggest but take it over a long enough period and it will be right.

The formula would be the same for all algos but you would need to know what hashrate your rig(s) will produce on the different ones - putting your cards into Whattomine or Crypto-Coinz will give a rough idea of that.

Regards,

Steve

this standard formula doesn't work on all coin, on pascal coin for example it's not working, this was made for bitcoin in the past but for new coin with complex algo it's not good, the revenue is wrong, better to use whattomine imho

oBitScape

newbie

Activity: 2

Merit: 0

Thanks guys! This was helpful. Grin

umine

full member

Activity: 405

Merit: 136

And any calculator doesn't give you precise results. Whattomine just shows what should mine yesterday to get better profit. Always it should expect of 10-20% error. But the error sometimes could be in plus

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: doni8125 on March 16, 2018, 12:49:03 PM

Hello,

What calculation formula should I use to calculate mining profit for various algorithms? X11, Neoscrypt, CryptoNight and all others? Or that formula is the same for all algos. Whattomine and other profit calculators I know.

learn to use this calculator https://www.coinwarz.com/calculators

it is accurate for 1 diff jump into the future.

{Edit a typo}

No profit calculator works beyond a few diff jumps and price changes

retard75

jr. member

Activity: 102

Merit: 1

Coins Per Day

Ethash      YourHashRate_in_MHs * BlockReward * 86400 * 10^6 / Difficulty

Cryptonight   YourHashRate_in_KHs / Difficulty * BlockReward * 86400 * 1000

Equihash YourHashrate / NetHashRate / BlockTime * 86400 * BlockReward

{ _{Remark: In case of Equihash the NetHashRate is calculated by Difficulty / BlockTime * 2^13,
   in Ethash by Difficulty / BlockTime and in other algos the NetHashRate is calculated by Difficulty / BlockTime * 2^32}}

Most other algos (/w many exceptions, lol) YourHashRate_in_MHs * BlockReward * 86400 * 10^6 / (Difficulty * 2^32)

Your profit/day is CoinsPerDay*CoinPrice minus PowerConsumption*EnergyPrice

That's all I got.

Lantic_Mining

member

Activity: 129

Merit: 10

((Your Hashrate / Network Hashrate) * (Block Reward * Block Time) * Coin Price) - (Price per kWh * Rig kWh Consumption) = Your expected net profit

Is that what you mean?

Depends on the luck of your pool whether you make exactly what your percentage of the network hashrate would suggest but take it over a long enough period and it will be right.

The formula would be the same for all algos but you would need to know what hashrate your rig(s) will produce on the different ones - putting your cards into Whattomine or Crypto-Coinz will give a rough idea of that.

Regards,

Steve

doni8125

newbie

Activity: 2

Merit: 0

because I want to calculate everything by myself. But don't know the formula.

dhouse

jr. member

Activity: 266

Merit: 2

Uh, if you know of whattomine, what are you asking for?

gotminer

member

Activity: 644

Merit: 24

Mined coin - hardware and electricity cost = mining profit

doni8125

newbie

Activity: 2

Merit: 0

Hello,

What calculation formula should I use to calculate mining profit for various algorithms? X11, Neoscrypt, CryptoNight and all others? Or that formula is the same for all algos. Whattomine and other profit calculators I know.

Topic: Formula to calculate mining profit (Read 732 times)