Thank Kano, I got learn your math calculation. Wonderful!
Your Pool got 4PH/s hashrate power. Your pool should hit a BTC in 60 days period, isn't it?
I try to quant about feasibility of BTC hit with public available practice data. My analysis is in terms of following data:
1. Largest Pool, Foundry USA got 28992 PH/s hashrate power.
2. This pool can process (hash out) 405,010,702,080 block header data in one minute period.
3. This pool often resolved a BTC in one minute time as I watched.
So, my conclusion is that 405G headers may contain a header which has an extrame small hash value or a BTC.
1. 1PH/s miner can process (hash out) 144x139,697,400=20,116,425,600 headers per day.
2. 1PH/s miner expect, 405,010,702,080 headers / 20,116,425,600 headers, 20.1 days got a headers with a BTC.
Your Pool got 4PH/s hashrate power. Your pool should hit a BTC in 5 days period, isn't it?
We may be all wrong about this issue.
Edit:
If data from 10 minutes is used, 1PH/s miner need: 4050G headers / 20G per day ==> 202 days. This is close to math calculation.
Topic: How much BTC can I mine per day with 30TH/s? (Read 622 times)
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If real 1PH/s miner, 20 days is expected to hit a BTC as I analysised with practical data and posted before.
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There's no "practical data" involved in this.If real 1PH/s miner, 20 days is expected to hit a BTC as I analysised with practical data and posted before.
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It's a simple mathematical calculation based on the value of 100% PPS, which is defined by the network difficulty.
PPS pools may pay more or less than this, but not vastly more or vastly less.
Current network difficulty is 29,152,798,808,271.9 or 29.2T, which means 100% PPS is 0.004312677830 BTC per day per PH
So 1PH to get 1 BTC, mining at 100% PPS, at the current network difficulty gives 1/0.004312677830 = 231.87 days
... not anywhere near 20 days
Of course since that time frame is much greater than 2 weeks, in reality it's likely to be much longer, unless difficulty is flat for the next 231 days.
Solo mining 1PH to find a block, 6.25 BTC, is of course 6.25 times harder ... and way more than 6.25 times longer, again due to the fact difficulty changes.
Edit: if you want to do the calculation:
Nd * 2^32 / (1P * 1Day * Block Reward )
or
29,152,798,808,271.9 * (2^32) / (10 ^ 15 * 24*60*60 * 6.25 ) = 231.87 days
Hashrate from some software are inflated, I found and believed. They are not accurcy benchmark.
How much is a real hashrate for a 30TH/s miner? So, it is hard to predicate feasibility of BTC hit.
Miners got inflated hashrate; so, pools may got inflated hashrate, which is a reason some pool fail to hit BTC.
If real 1PH/s miner, 20 days is expected to hit a BTC as I analysised with practical data and posted before.
How much is a real hashrate for a 30TH/s miner? So, it is hard to predicate feasibility of BTC hit.
Miners got inflated hashrate; so, pools may got inflated hashrate, which is a reason some pool fail to hit BTC.
If real 1PH/s miner, 20 days is expected to hit a BTC as I analysised with practical data and posted before.
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lol - people, companies and governments have been trying to do that for over 12 years - your listing nothing new there.
Also your 'need' and Hash Rate <-> BTC calculations are all way off the mark.
I analysised and believed BTC will drop below USD$5000 before any real rise. which will wipe out a lot of miners. Sadly!
BTC is actually a currency war aganist Centre Banks, eg Fed. Who has a right to issue money is a fundamental issue. Now, only banks, central banks, US gov can issue money and debt. US gov may ban or limit BTC like Chinese gov did. So, there is a risk to hold your BTC in future.
30TH/s miner is too small miner for solo mining. You need, at least, 1PH/s miner, which may hit a BTC in 20 days period run.
I got a roughly 250TH/s miner which is about need 80 days for a feasible hit BTC. It is implemented by a optimalization algorithm. But, I am waiting for another 12 BM1397 sticks for my 1PH/s miner.
Cheers! Good Weekend!
BTC is actually a currency war aganist Centre Banks, eg Fed. Who has a right to issue money is a fundamental issue. Now, only banks, central banks, US gov can issue money and debt. US gov may ban or limit BTC like Chinese gov did. So, there is a risk to hold your BTC in future.
30TH/s miner is too small miner for solo mining. You need, at least, 1PH/s miner, which may hit a BTC in 20 days period run.
I got a roughly 250TH/s miner which is about need 80 days for a feasible hit BTC. It is implemented by a optimalization algorithm. But, I am waiting for another 12 BM1397 sticks for my 1PH/s miner.
Cheers! Good Weekend!
BTC per
Day: 0.0001413181789
Day: 0.0001413181789
About $6 a day today
This thread now sits at the top of this sub-board, reading through the comments I found Biffa's answers, it's fascinating how mining earnings can change so much in a very short time, only 4 months had passed since this post and the same hashrate now earns you only 0.00012239 or 2.3$, that's a 60% loss in just about 4 months, imagine OP or anyone for that matter had plans that were depended on a such a profit only to see earnings drop by that much.
To most of us here, it's nothing new, we lived through a few bear markets before, but those who started mining 2021 must be feeling really bad, I mean those who paid 15k for S19 are probably not even halfway to ROI, that should serve as a great lesson for the next cycle, do not buy expensive gears after BTC makes new ATHs, please don't.
Mikey, You nailed it 100% new higher lows and new highs will be expected and should eventually grace us.
For those just getting going I would say stay the course. Buy gear or BTC coin directly if you can afford to but don't panic sell....
BTC per
Day: 0.0001413181789
Day: 0.0001413181789
About $6 a day today
This thread now sits at the top of this sub-board, reading through the comments I found Biffa's answers, it's fascinating how mining earnings can change so much in a very short time, only 4 months had passed since this post and the same hashrate now earns you only 0.00012239 or 2.3$, that's a 60% loss in just about 4 months, imagine OP or anyone for that matter had plans that were built on a such a profit only to see earnings drop by that much.
To most of us here, it's nothing new, we lived through a few bear markets before, but those who started mining 2021 must be feeling really bad, I mean those who paid 15k for S19 are probably not even halfway to ROI, that should serve as a great lesson for the next cycle, do not buy expensive gears after BTC makes new ATHs, please don't.
Tell me, what does a beginner need to master mining?
Commitment to Bitcoin over the long term even when price goes down. The ability to downscale the farm without quitting. Most importantly, saving a few acorns during the good times in order to keep the doors open during the bear market and buy ASICs when they are cheap.If I had been committed to crypto and mined with just 3-4 rigs during the bear markets of 2014-2016 and 2019-2020, I would be a multi-millionaire today. But sadly I lost interest during those bear markets and did other things. This time I won't do that again.
Tell me, what does a beginner need to master mining?
Lots of time and the ability to read.....
Tell me, what does a beginner need to master mining?
So I would like to ask you, from your experience, not from simulators, what do you think I could gain in a mining pool with 30TH/s?
Your earnings in BTC will depend on a few factors, the short term earnings will be greatly affected by the pool luck factor and the transaction fees, the long term earnings will be affected by the same factors + difficulty, and difficulty in general only goes up as far as the long term is concerned, most online calculators are fairly accurate accounting for all different factors and based on the current difficulty and average recent block fees with 100% luck.
You can use Whattomine.com or Viabtc profit calculator and set your power rate at 0 so that it won't affect your final earnings, the numbers showed there are pretty accurate to a good degree.
There's no way to know how much you can mine in a year.
What you can mine per day changes every 2 weeks.
What you can mine per day changes every 2 weeks.
Those are very small amounts of BTC. I think I'll stay solo mining at least for one year. Might not be as worthy as one year of pool mining, but with just these TH/s i prefer gambling for the big prize instead of the peanuts.
It's very unlikely that you can mine a block. But it's possible. Good luck. Currently, the total hash rate is around 190 Eh/s and you own 1.58 * 10-7 of the total hash rate.
Assuming the total hash rate won't change in the next 365 days, your chance to mine at least one block in a year is only around 0.83%
Probably for the best, unless BTC cracks a million or two.
Thanks for the detailed answer.
Those are very small amounts of BTC. I think I'll stay solo mining at least for one year. Might not be as worthy as one year of pool mining, but with just these TH/s i prefer gambling for the big prize instead of the peanuts.
Those are very small amounts of BTC. I think I'll stay solo mining at least for one year. Might not be as worthy as one year of pool mining, but with just these TH/s i prefer gambling for the big prize instead of the peanuts.
My bad, sorry.
Roughly that.
BTC per
Day: 0.0001413181789
Month: 0.00430137207
Year: 0.05161646484
You can work it out the daily amount with the following spreadsheet equation:
=((6.25*(X*(POWER(1000,4)))*86400))/(Y*(POWER(2,32)))
Where X is the TH/s of your miner and Y is the current difficulty
Or you can use this simple calculator: https://alloscomp.com/bitcoin/calculator
Caveats, are as you know, difficulty can change, thats the only thing that will affect your earnings in BTC if you don't care about any overhead costs.
Roughly that.
BTC per
Day: 0.0001413181789
Month: 0.00430137207
Year: 0.05161646484
You can work it out the daily amount with the following spreadsheet equation:
=((6.25*(X*(POWER(1000,4)))*86400))/(Y*(POWER(2,32)))
Where X is the TH/s of your miner and Y is the current difficulty
Or you can use this simple calculator: https://alloscomp.com/bitcoin/calculator
Caveats, are as you know, difficulty can change, thats the only thing that will affect your earnings in BTC if you don't care about any overhead costs.
About $6 a day today
I've tried to run multiple simulators, but I have run into a few major issues:
So I would like to ask you, from your experience, not from simulators, what do you think I could gain in a mining pool with 30TH/s?
At the moment I am solo mining because I don't think I could make much with 30TH/s on pool mining, but maybe I am wrong, and this is where I would like to learn from you.
Thank you!
- All of them provide me with very different results.
- All of them focus more on the fiat earning, which I couldn't really care less. I know electricity is expensive and all, but I want to know my earnings in BTCs, not dollars. I don't care how many KWh I am spending, and I don't care what I will earn in 6 months with the BTC price of today. Pretty useless this information IMO.
- Each pool has its own rates, proportions, etc.
So I would like to ask you, from your experience, not from simulators, what do you think I could gain in a mining pool with 30TH/s?
At the moment I am solo mining because I don't think I could make much with 30TH/s on pool mining, but maybe I am wrong, and this is where I would like to learn from you.
Thank you!
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