Logic behind mining calculators | Bitcointalksearch.org

igorsha

newbie

Activity: 5

Merit: 0

Quote from: STT on October 03, 2017, 10:22:20 AM

To some extents its probability and averages, a block can be solved early and rewards can be higher then a calculator shows. I dont think any of these alt coin protocols are as extreme as mining bitcoin used to be with a GPU where it could swing wildly as the block just never seemed to get solved, eventually we'd crack it. Or the other extreme is a block reward after a few minutes and you make vast profits, of course split within the pool.

Simple answer is the calc is giving you the long term view, you wont see an exact match in returns for short periods and also it can depend on the pool used and their size relative to the network.
Here is a list of coin stats:
https://www.coinwarz.com/cryptocurrency/?sort=blocktime&dir=asc

HI STT,
thanks for you reply, but still not clear
I.e. if you will take cloud mining like https://www.genesis-mining.com/pricing - how to understand how many ETH you will get form 100 MH/s for 1 month?

I'd like to program this function to compare profitability, but I don't understand formula(( and can't find it

kissme09

full member

Activity: 658

Merit: 100

PayAccept - Worldwide payments accepted in seconds

because there are some coin that can equal the cpu of the computer as xmr coin so that hackers or some organizations can take advantage of the downloaded users and they insert a self-service software when you have downloaded and will run in your computer and the software will automatically dig for them and they took advantage of a computer.

STT

legendary

Activity: 4060

Merit: 1448

To some extents its probability and averages, a block can be solved early and rewards can be higher then a calculator shows. I dont think any of these alt coin protocols are as extreme as mining bitcoin used to be with a GPU where it could swing wildly as the block just never seemed to get solved, eventually we'd crack it. Or the other extreme is a block reward after a few minutes and you make vast profits, of course split within the pool.

Simple answer is the calc is giving you the long term view, you wont see an exact match in returns for short periods and also it can depend on the pool used and their size relative to the network.
Here is a list of coin stats:
https://www.coinwarz.com/cryptocurrency/?sort=blocktime&dir=asc

igorsha

newbie

Activity: 5

Merit: 0

just for example ETH calculator on https://www.cryptocompare.com/mining/calculator/eth?HashingPower=100&HashingUnit=MH%2Fs&PowerConsumption=0&CostPerkWh=0

AS I understand it is depend on network complexity and you pool?

Guys, could you please share with me a formula?

Thekool1s

legendary

Activity: 1512

Merit: 1218

Change is in your hands

It isn't rocket science, just simple maths, you tell them hash rate, the cost of electricity, the investment cost, coin you want to mine and they simply calculate on what hashrate you can mine a solo block and then divide that with the X hash you have. You get the amount of coins you will mine daily from that, Remember this will fluctuate on daily basis you that X amount of btc daily to is an approximation. After that its simple math, daily amount generated in dollars - daily cost and you get your figures.

LeonidSrt

full member

Activity: 364

Merit: 100

Yes, every mining calculator has its own logic, but more or less the algorithm is: your device has some hash rate A, the summary of hash rates for all devices in the net is B, each day M coins are generated (M is limited by the coin generation rules), so you get A*M/B coins each day.

igorsha

newbie

Activity: 5

Merit: 0

to clarify: BTC, EHT, ZCash, DASH

igorsha

newbie

Activity: 5

Merit: 0

Hi all,

Could please someone assist to understand logic of mining calculators?

Thanks in advance.

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