How accurate are bitcoin calculators?

gagalady

legendary

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Quote from: byt411 on April 22, 2014, 12:10:48 PM

Quote from: gagalady on April 22, 2014, 09:43:00 AM

Lets say i'm using 1TH/s to mine bitcoins, how many % of profit i will lose when mining again with the same 1TH/s after difficulty increase?

That depends on how much the difficulty increases by...

Well how much It increases in average each time? And how often?

byt411

hero member

Activity: 798

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Quote from: gagalady on April 22, 2014, 09:43:00 AM

Lets say i'm using 1TH/s to mine bitcoins, how many % of profit i will lose when mining again with the same 1TH/s after difficulty increase?

That depends on how much the difficulty increases by...

gagalady

legendary

Activity: 938

Merit: 1000

Lets say i'm using 1TH/s to mine bitcoins, how many % of profit i will lose when mining again with the same 1TH/s after difficulty increase?

emilyatk

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the calculations is an estimate, far from accurate ~!

kickbit

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In Blockchain We Trust!

Quote from: helloman2k on April 18, 2014, 11:43:45 AM

hey kickbit, are you planning on doing a similar calculator for Litecoin? I was just looking for an accurate calculator like this for the past couple of days, since many of them currently out there don't take into consideration many important factors. A Litecoin calculator would be really helpful, especially with the coming of the ASIC Scrypt miners. thx.

Yes, of course

I'm working on it and other additional tools.
Litecoin, DOGE and other scrypt coins. Cool

helloman2k

newbie

Activity: 4

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hey kickbit, are you planning on doing a similar calculator for Litecoin? I was just looking for an accurate calculator like this for the past couple of days, since many of them currently out there don't take into consideration many important factors. A Litecoin calculator would be really helpful, especially with the coming of the ASIC Scrypt miners. thx.

kickbit

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Activity: 276

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In Blockchain We Trust!

Quote from: byt411 on April 15, 2014, 05:25:28 PM

I know. The problem is that you don't display that on your site, and people that don't bother clicking the "advanced" link will get confused.

Yes, you're right.
I made a FAQ Page: http://mining-profit.com/faq - it can answer all main questions. Now I'm thinking of making interface more clear.

vnvizow

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Activity: 364

Merit: 250

Last time I check in 2013 the calculations are off by 50% right now, that's a lot if you ask me

byt411

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Activity: 798

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Quote from: kickbit on April 15, 2014, 03:21:26 PM

Quote from: byt411 on April 15, 2014, 10:37:31 AM

I guarantee your failure if you don't listen to what others tell you.

What's wrong with you? Can you read? Huh

Quote from: kickbit on April 15, 2014, 04:41:21 AM

Quote from: byt411 on April 14, 2014, 01:18:21 PM

Quote

How many bitcoins will I earn with 100 Gh/s miner?
You will mine 0.2143 bitcoins.

Uh.... in what period of time? In a day? A second? A month? My lifetime? The miner's lifetime?

6 month by default.
You can check it here: http://mining-profit.com/advanced-calculator
It's the most popular question. I'll explain it on the website.

I've already answered your question.

I know. The problem is that you don't display that on your site, and people that don't bother clicking the "advanced" link will get confused.

kickbit

sr. member

Activity: 276

Merit: 250

In Blockchain We Trust!

Quote from: byt411 on April 15, 2014, 10:37:31 AM

I guarantee your failure if you don't listen to what others tell you.

What's wrong with you? Can you read? Huh

Quote from: kickbit on April 15, 2014, 04:41:21 AM

Quote from: byt411 on April 14, 2014, 01:18:21 PM

Quote

How many bitcoins will I earn with 100 Gh/s miner?
You will mine 0.2143 bitcoins.

Uh.... in what period of time? In a day? A second? A month? My lifetime? The miner's lifetime?

6 month by default.
You can check it here: http://mining-profit.com/advanced-calculator
It's the most popular question. I'll explain it on the website.

I've already answered your question.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: kickbit on April 15, 2014, 10:21:02 AM

Quote from: Boris-The-Blade on April 15, 2014, 08:36:58 AM

Most calculators are pretty crap Tongue

But not mine! Cheesy

I guarantee accuracy and quality of calculations! Tongue

I guarantee your failure if you don't listen to what others tell you.

Quote from: byt411 on April 14, 2014, 01:18:21 PM

Quote from: kickbit on April 14, 2014, 01:09:12 PM

I developed mining calculator for a pretty long time

This is very accurate calculator: mining-profit.com
There is "advanced version" : http://mining-profit.com/advanced-calculator - here you can set all necessary parameters and estimate your profit.
Calculator takes into account Bitcoin difficulty growth.

PS. If you will have any questions, wait few days, I'm working on FAQ page now Wink

Or check this topic: https://bitcointalksearch.org/topic/minig-profitcom-bitcoin-mining-calculator-precise-and-convenient-523491

LOL.

Quote

How many bitcoins will I earn with 100 Gh/s miner?
You will mine 0.2143 bitcoins.

Uh.... in what period of time? In a day? A second? A month? My lifetime? The miner's lifetime?

kickbit

sr. member

Activity: 276

Merit: 250

In Blockchain We Trust!

Quote from: Boris-The-Blade on April 15, 2014, 08:36:58 AM

Most calculators are pretty crap Tongue

But not mine! Cheesy

I guarantee accuracy and quality of calculations! Tongue

Boris-The-Blade

full member

Activity: 156

Merit: 100

Most calculators are pretty crap Tongue

kickbit

sr. member

Activity: 276

Merit: 250

In Blockchain We Trust!

Quote from: byt411 on April 14, 2014, 01:18:21 PM

Quote

How many bitcoins will I earn with 100 Gh/s miner?
You will mine 0.2143 bitcoins.

Uh.... in what period of time? In a day? A second? A month? My lifetime? The miner's lifetime?

6 month by default.
You can check it here: http://mining-profit.com/advanced-calculator
It's the most popular question. I'll explain it on the website.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: Jacksquere on April 14, 2014, 07:18:47 PM

When the KNC miners start hitting the market, there will be massive increase.

What was it, 2400 x 3 TH/s?

Have to take that into account.

Not really. It's already factored in when you use a figure like 20-25% per diff retarget.
Look at the numbers - the network hashing rate is currently 58,736 TH/s . KNC's 2400 units X 3 TH/s causes a 12.25 percent increase and KNC will release that in two separate batches almost one month apart. It's not significant enough to warrant extra consideration.

Jacksquere

member

Activity: 70

Merit: 10

When the KNC miners start hitting the market, there will be massive increase.

What was it, 2400 x 3 TH/s?

Have to take that into account.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: kickbit on April 14, 2014, 01:09:12 PM

I developed mining calculator for a pretty long time

This is very accurate calculator: mining-profit.com
There is "advanced version" : http://mining-profit.com/advanced-calculator - here you can set all necessary parameters and estimate your profit.
Calculator takes into account Bitcoin difficulty growth.

PS. If you will have any questions, wait few days, I'm working on FAQ page now Wink

Or check this topic: https://bitcointalksearch.org/topic/minig-profitcom-bitcoin-mining-calculator-precise-and-convenient-523491

LOL.

Quote

How many bitcoins will I earn with 100 Gh/s miner?
You will mine 0.2143 bitcoins.

Uh.... in what period of time? In a day? A second? A month? My lifetime? The miner's lifetime?

kickbit

sr. member

Activity: 276

Merit: 250

In Blockchain We Trust!

I developed mining calculator for a pretty long time

This is very accurate calculator: mining-profit.com
There is "advanced version" : http://mining-profit.com/advanced-calculator - here you can set all necessary parameters and estimate your profit.
Calculator takes into account Bitcoin difficulty growth.

PS. If you will have any questions, wait few days, I'm working on FAQ page now Wink

Or check this topic: https://bitcointalksearch.org/topic/minig-profitcom-bitcoin-mining-calculator-precise-and-convenient-523491

fattypig

full member

Activity: 224

Merit: 100

Any bitcoin calculators that have difficulty increment by 20% per 11-12 days is pretty accurate..

cr4sh0verride

full member

Activity: 189

Merit: 100

I just do my own calculations in a spreadsheet with a few assumptions but it can be pretty accurate..

Here is what I do

Work out your Hashes.. for instance 2TH/s will be 2000 x 10000000000 = 20000000000000 (Will call this A1)

Add a cell with the difficulty 6,119,726,089 (call it A2)

Then use this formula to get the amount of Bitcoins you will make per day

=(216000*A1)/(A2*(2^32))

Times it by how many days left and that's roughly how many Bitcoins you will make this diff

I calculate a 20% increase in each difficulty so I make a new cell with

=SUM(0.2*A2)+A2

Rinse and repeat every 13 days or so.. and you will get a fairly accurate picture

Topic: How accurate are bitcoin calculators? (Read 2230 times)