Since you got this equation from Minergate.com you should post in their support thread and ask them how it is supposed to work.
https://bitcointalksearch.org/topic/--607454
Topic: How those mining calculators work (Read 470 times)
What the hell is wrong with you? The question is not that hard, is it?
I've always wondered how these mining calculators work. Now I saw a formula:
(Can be seen via this page.)
My question therefore is: to which period does "reward" refer to? To an hour, a day or a month? The number 3600 appears within formula, which makes me think it could be an hour. However, the result of several dollars per hour seems a little bit too high. That's why I'm unsure. Any suggestions?
Code:
Reward = ((hashrate * block_reward) / (current_difficulty * 2^32)) * (1 - pool_fee) * 3600
My question therefore is: to which period does "reward" refer to? To an hour, a day or a month? The number 3600 appears within formula, which makes me think it could be an hour. However, the result of several dollars per hour seems a little bit too high. That's why I'm unsure. Any suggestions?
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