What would the formula be for difficulty? I am attempting to calculate what I would get on Reddcoin
Topic: How do you calculate mining yield manually when no online calculators are around (Read 876 times)
February 03, 2014, 02:47:29 PM
Thank you very much for helping a poor noob. I am not very good at maths so I really appreciate you taking the time out to explain. Good luck, many coin and much riches to you
What would the formula be for difficulty? I am attempting to calculate what I would get on Reddcoin
What would the formula be for difficulty? I am attempting to calculate what I would get on Reddcoin
February 03, 2014, 02:43:01 PM
Hold on........
February 03, 2014, 02:09:25 PM
You lot are spoiled. Back in my day, we pulled out a god-damned napkin... there are a bunch of ways to guesstimate it. This one apparently stuck in my head.
Rough expected reward (per day) = (your hash rate / network hash rate)*(144*25)*(1-%pool fee)
Ex: you have 500TH/s. Network has 20000TH/s. 5% pool fee.
(500/20000)*(144*25)*(1-.05)
(.025)*(3600)*(.95)
Expected return: 85.5BTC/day
Adjust for coin of your choice. You'd get a better immediate estimate by working with difficulty instead of network hashrate, but - eh.
Rough expected reward (per day) = (your hash rate / network hash rate)*(144*25)*(1-%pool fee)
Ex: you have 500TH/s. Network has 20000TH/s. 5% pool fee.
(500/20000)*(144*25)*(1-.05)
(.025)*(3600)*(.95)
Expected return: 85.5BTC/day
Adjust for coin of your choice. You'd get a better immediate estimate by working with difficulty instead of network hashrate, but - eh.
February 03, 2014, 01:58:07 PM
Hiiii
I was wondering. I am finding that for new coins there seems to be a lack of mining calculators. If we know the block reward, our hash rate and difficulty can anyone provide us with the mathematical equation for manually estimating mining yield.
Further more is there an equation for manually calculating what would come out of a mining pool based on shares, overall pool hash rate etc.
If anyone who is really good at maths could help I would really appreciate it.
Many thanks.
I was wondering. I am finding that for new coins there seems to be a lack of mining calculators. If we know the block reward, our hash rate and difficulty can anyone provide us with the mathematical equation for manually estimating mining yield.
Further more is there an equation for manually calculating what would come out of a mining pool based on shares, overall pool hash rate etc.
If anyone who is really good at maths could help I would really appreciate it.
Many thanks.
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