How do you calculate your mining profitability ?

cdog

hero member

Activity: 1036

Merit: 500

Quote from: dorift_it on May 13, 2013, 02:28:01 PM

considering all the factors, what and how are you calculating your profitability ? What returns are you expecting on your money in the next few months ?

The profitability is, if Id just invested in buying BTC rather than mining them, Id have been a lot more profitable...

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

I have written two articles that may assist in understanding why nobody knows the answer to these questions and why you'd better hope the price of your coin crashes.

http://coin.furuknap.net/litecoin-mining-profitability-guide/ (written for Litecoin but same factors apply to most coins)

http://coin.furuknap.net/why-investing-in-mining-is-always-a-bet-that-prices-will-drop/ (why a price decrease is beneficial to mining profitability)

.b

dorift_it

newbie

Activity: 35

Merit: 0

Quote from: endriuska on May 13, 2013, 09:39:06 PM

well at least we can assume that diff will go up 20% every two weeks, and then even more... that's at least...

depending on the type of coins you mine obviously

Amph

legendary

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Merit: 1070

your hash power*block value(25)*number of hours(usually 24)/difficulty

endriuska

member

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Merit: 10

well at least we can assume that diff will go up 20% every two weeks, and then even more... that's at least...

Korbman

legendary

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Merit: 1001

Quote from: endriuska on May 13, 2013, 06:11:08 PM

none of these profitability calculators consider the diff increase, anyone knows one which takes that into count?

That would require knowing what the difficulty increases are going to be...which is great for maybe predicting out a month or two, but until all ASIC development / deployment is fully underway, it's really really hard to figure out what the difficulty will be after that.

notaek

legendary

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For BTC: http://www.bitcoinx.com/profit/

endriuska

member

Activity: 91

Merit: 10

none of these profitability calculators consider the diff increase, anyone knows one which takes that into count?

dorift_it

newbie

Activity: 35

Merit: 0

Quote from: Trongersoll on May 13, 2013, 03:31:50 PM

heh, I call my mining a Hobby. Hobbies are notorious money pits. No profit expectations. heh.

not for me... i have expensive hobbies enough such as cars, boats and guns lol

Teka

hero member

Activity: 840

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I use http://dustcoin.com/mining because it lets you calculate the profitability of mining other coins such as Litecoin or Bytecoin.

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: dorift_it on May 13, 2013, 02:28:01 PM

considering all the factors, what and how are you calculating your profitability?

https://en.bitcoin.it/wiki/Profitability_Calculator

Trongersoll

hero member

Activity: 490

Merit: 501

heh, I call my mining a Hobby. Hobbies are notorious money pits. No profit expectations. heh.

dorift_it

newbie

Activity: 35

Merit: 0

considering all the factors, what and how are you calculating your profitability ? What returns are you expecting on your money in the next few months ?

Topic: How do you calculate your mining profitability ? (Read 1424 times)