Is there a chart that shows profitability of mining in the past??

Sandal_Hat

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Activity: 462

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Quote from: wavelengthsf on January 23, 2018, 06:28:00 PM

Quote from: Sandal_Hat on January 23, 2018, 06:05:00 PM

Quote from: wavelengthsf on January 23, 2018, 11:04:06 AM

Would you want the profitability at that time, or compared to some price?

For example, in Jan 2010, the profitability was negative, even though you were getting coins that could be worth hundreds of thousands at today's prices.

If profitability was negative, it would be better to switch off miners and just buy coins from the market.

There was no market in early 2010. BTC had no value.

I see. Those ppl were smart

wavelengthsf

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Activity: 658

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Quote from: Sandal_Hat on January 23, 2018, 06:05:00 PM

Quote from: wavelengthsf on January 23, 2018, 11:04:06 AM

Would you want the profitability at that time, or compared to some price?

For example, in Jan 2010, the profitability was negative, even though you were getting coins that could be worth hundreds of thousands at today's prices.

If profitability was negative, it would be better to switch off miners and just buy coins from the market.

There was no market in early 2010. BTC had no value.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: wavelengthsf on January 23, 2018, 11:04:06 AM

Would you want the profitability at that time, or compared to some price?

For example, in Jan 2010, the profitability was negative, even though you were getting coins that could be worth hundreds of thousands at today's prices.

If profitability was negative, it would be better to switch off miners and just buy coins from the market.

wavelengthsf

full member

Activity: 658

Merit: 118

Would you want the profitability at that time, or compared to some price?

For example, in Jan 2010, the profitability was negative, even though you were getting coins that could be worth hundreds of thousands at today's prices.

Sandal_Hat

full member

Activity: 462

Merit: 118

More of a chart where u can juz put your mouse over it and see it.

It does matter because u can tell that when the profit is too high, it tends to go back down.

itzazkrit

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Activity: 51

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Here is part of a chart I've been messing with to evaluate hardware efficacy. Basically BTC daily payout over time overlayed with network hashrate (BTC payout derived from Daily BTC payout (ie 144BTC)*1TH/totalnetworkrate). I think this under estimates slightly because blocks have been hitting closer to 150 a day vs the 144 system is designed to do. Additionally, doesn't account for tx fees, but unless you are mining on a good pool....Kano....you don't get that part anyways. Cheers!

Itza

https://imgur.com/a/bDiWI

Sandal_Hat

full member

Activity: 462

Merit: 118

Unfortunately, I dont have the skills to build such a thing.
Gotta somehow use the bitcoin difficulty chart together with bitcoin price chart to get the profitability chart. It can probably be done quite fast by someone who knows how though.

The result would give u an idea of wat happens when profitability spikes.....and give a rough idea how fast it goes down again perhaps. And also a reminder that it profitability does not stay up that high that long. I believe currently, people juz use the bitcoin spot calculator, and look at spot rate, and forget or dont know of the past before making a decision. I think if I seen such a chart back then, I could have avoided the D3. Good thing I have alot more S9s and L3 than D3.

I will check out that tool calculator. Thanks

alh

legendary

Activity: 1843

Merit: 1050

I agree with fanatic26. While it would be an amazing chart to construct, I don't know what you would do with the result. I think it's predictive value would be nearly zero. I say this since (IMHO), Bitcoin price is a huge factor in any such chart. At this time it seems to me that Bitcoin is viewed by the financial world as a "speculative asset". That means that financial folks will trade it, regardless of what it's original intent might have been (e.g. a cryptocuyrency). They buy if they think's going to go up, sell if they expect it to decline. Rinse and repeat. In that scenario, information from prior to 2017 would seem to be pretty much useless.

While bitcoinwisdom.com was useful at one time, it seems like it essentially broke back in August of 2017 (when BCH forked from BTC). I am sure thereare present day "calculators" for projections. I look at:

https://pool.btc.com/tools (Mining Profit Calculator)

I can't vouch for the accuracy of the BTC calculator, but it shouldn't be too difficult to check if you want. What it does is pretty algorithmic, with BTC price as a huge wild-card variable (15 fold change in 2017).

fanatic26

hero member

Activity: 756

Merit: 560

That would be something you would have to build yourself. In a few months when you have finished up you could share it with all of us.

Sandal_Hat

full member

Activity: 462

Merit: 118

A chart to show the profitability of mining in the past??
I wanna input the hashrate and the electricity cost and it brings out a chart of how much profit per month it would make, now and in the past.
I know market rate is good now but it tends to go down.

Topic: Is there a chart that shows profitability of mining in the past?? (Read 295 times)