Yeah, SO how much is normal
That's like being a noob to earth and asking, what is the normal pay of a human.
It doesn't make sense to ask that at all.
Topic: How much is a normal amount to mine a day? (Read 1762 times)
That's like being a noob to earth and asking, what is the normal pay of a human.
It doesn't make sense to ask that at all.
Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.
The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.
Very true, and indeed LTC crashed already from $48 in Nov 28 to $7.7 now on btce. https://bitcoinwisdom.com/markets/btce/ltcusd
For comparison, BTC dropped from $1100 to $590 now on btce.
Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.
The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.
Very true, and indeed LTC crashed already from $48 in Nov 28 to $7.7 now on btce. https://bitcoinwisdom.com/markets/btce/ltcusd
For comparison, BTC dropped from $1100 to $590 now on btce.
Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.
The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.
Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.
The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.
Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.
Yea I used to be mining about 0.01 BTC a day (on clevermining.com) with a nice gaming computer (desktop of course), but now with the summer and the trash difficulties, I had to stop mining. It made my room hot and I would only make about 0.002 BTC a day, which is only a fraction bigger than what the electricity costs.
Why did it go down so drastically?The difficulty today is 18,736,441,558 while the difficulty a year ago is 31,256,961.
The difficulty is 600x higher, and so the mining revenue is 1/600 of what you used to get a year ago.
And so the difficulty increasing rate is the biggest factor in determining the ROI of buying ASIC.
If you have ignored or underestimated it, you will get a big surprise and possibly a big loss.
Yeah, SO how much is normal
Hello,There is not such thing as mining normal amount. Your question is not very clear. What do you mean saying "normal"? Really dont understand you. Mining what also? Depends on what machine you have and what time you spend on mining.. Really too much things for explanation, please be little more specific.
BR
Gondel
Yea I used to be mining about 0.01 BTC a day (on clevermining.com) with a nice gaming computer (desktop of course), but now with the summer and the trash difficulties, I had to stop mining. It made my room hot and I would only make about 0.002 BTC a day, which is only a fraction bigger than what the electricity costs.
Why did it go down so drastically?The difficulty today is 18,736,441,558 while the difficulty a year ago is 31,256,961.
The difficulty is 600x higher, and so the mining revenue is 1/600 of what you used to get a year ago.
It changes when difficulty changes. For example, you may be earning 0.1 today but you may be earning 0.09 after the next difficulty increase. I would say the normal amount would be the electricity being 5% of your total revenue. There is more chance for ROI after each difficulty increase. It differs for everyone since everyone mines at different pools and we may take longer time to block.
Yea I used to be mining about 0.01 BTC a day (on clevermining.com) with a nice gaming computer (desktop of course), but now with the summer and the trash difficulties, I had to stop mining. It made my room hot and I would only make about 0.002 BTC a day, which is only a fraction bigger than what the electricity costs.
Why did it go down so drastically?The difficulty today is 18,736,441,558 while the difficulty a year ago is 31,256,961.
The difficulty is 600x higher, and so the mining revenue is 1/600 of what you used to get a year ago.
that all depends on the hash of performance you have w. the miner @ current difficulties.
Alright, thanks, I will look mine upYou can use a mining calculator (https://bitcoinwisdom.com/bitcoin/calculator for example) to see how much you can expect to get with your hashrate.
Mining is a crap shoot. I used to think people poo-pooed mining out of respect for their own profits but all the recent ASIC advances have made it hell for everyone. Pre-orders and scams have sapped tons of value from the cryptoeconomy.
Unless you take a chance and get lucky on next gen hardware or are prepared to go world-class and create your own hardware, you're going to have a bad time at worst and a marginal time at best.
Good luck all the same!
Unless you take a chance and get lucky on next gen hardware or are prepared to go world-class and create your own hardware, you're going to have a bad time at worst and a marginal time at best.
Good luck all the same!
There is not "normal" amount. Amount of miners/what kind of miners. Someone can mine with 1 block erupter usb miner, and someone else can have a farm. So really alot of factors.
Then profit/roi aswell is different depending on factors.
Then profit/roi aswell is different depending on factors.
There is no easy money in mining. Do due diligent before spending a great deal of money on ASIC miners.
0.0268 bitcoin/day/Tera Hash, for solo mining.
Can vary deppending on your luck
Can vary deppending on your luck
Define 'normal'.
The majority of people in the world do not mine anything.
The majority of people in the world do not mine anything.
It depends on your hashrate, the current difficulty, and the block reward of the coin you're mining. The easiest way to check is to plug the parameters of your current setup into a mining calculator and see what its estimate is (though it is an estimate, and there will always be at least a little bit of variance). For bitcoin, I prefer to use https://tradeblock.com/mining/, though there are many other calculators available.
i will check mine out, thanks Yea I used to be mining about 0.01 BTC a day (on clevermining.com) with a nice gaming computer (desktop of course), but now with the summer and the trash difficulties, I had to stop mining. It made my room hot and I would only make about 0.002 BTC a day, which is only a fraction bigger than what the electricity costs.
Why did it go down so drastically?Yea I used to be mining about 0.01 BTC a day (on clevermining.com) with a nice gaming computer (desktop of course), but now with the summer and the trash difficulties, I had to stop mining. It made my room hot and I would only make about 0.002 BTC a day, which is only a fraction bigger than what the electricity costs.
Why did it go down so drastically? Jump to: