Forget about "perpetuum mobile's", magnetic engines is what is hot
But seriously, numbers are similar to some degree, yet with a huge detail overlooked by many thus far.
Around 4 TH/s, as proposed, yields around 0.04 BTC daily.
Yet, as this part seems overlooked quite frueqently, the SHA256 part
includes electricity, maintenance, replacements, etc.
Meaning, 4 TH/s yielding around 0.04 BTC daily, this yielding is a
net yielding. Give or take a few on luck and diminishing of performance due time, one could state average yielding would closely be more like 0.035 ~ 0.03 on overall.
These are my statistics:Since I had notified (
https://community.guldencoin.com/t/community-mining-ipo-switching-gears-session/1150/13), I have been testing
what I notified. Which, sinds then, is nearly over a month.
On average, I have been testing with 2 TH/s. Over a time period of nearly a full month, this averaged around ~0.018 daily
net profits with luck hovering around 95 ~ 96% on overal during that month.
Regarding empowering the SHA256 part towards the Scrypt part, there are quite some variances depending on networks chosen, either be them public or private.
You gave MRR as an example, averaging 0.022 per 100 MH/s. Nicehash could go for 0.018 whilst betarigs could go for 0.03, and private networks vary hugely between them (Netherlands for example is pricey as hell, versus Venezuela being a mere paradise).
Regarding the 'left overs' from the surplus generated by the SHA256 part, they will be used to put back into the system. I.e, will be used to expand the system to keep up with votality on hashrates and difficulty, in order to keep the Scrypt hash running.
I have a magnetic engine in my boat, so I know what you mean
So If I get it right you have a nett profit (including energy, maintenance and write-off) of 0.04 btc / day? That would be 1.2BTC / month.
If by some miracle you manage to buy your SHA256 equipment for half my price, thus 4BTC, you still need to add (4 : 36) = 0.11BTC in write-off making the total gross profit 1.31 / month. Then we have to add electricity, say 0.3 BTC / month totaling to a gross profit of 1.61 BTC / month on 4Th. That's an average profit of 0.4 BTC per TH / month.
Would you mind telling me which pool you use?
Nicehash for 0.018 sounds nice indeed, but my experience with them is that the low contracts somehow never become available, resulting in higher mining cost all the time. MRR is by far the most reliable and stable regarding price and profit.
You're partially right.
Minor detail: I am netting on average ~0.019 btc/day, if luck being set to 100%. This is with
2 TH/s, not 4
But yes, around 4 TH/s would roughly yield 1.2 btc/month.
Right, the electricity cost can make the difference here.
On the other side something isn't mentioned yet:
https://bitcoinwisdom.com/bitcoin/difficultyYou have to expect a decreasing btc income over time.
"Estimated Next Difficulty: 59,756,916,129 (+4.91%)" means ~5% less btc and those diff changes happen how often a year?
Summarize that over a year to see how much hashrate you have to steady add to keep the btc income stable.
At the end it all depends on how cheap the electricity costs are and how fast you have to get additional equipment for the same amount of btc.
only my 2 sat
I did mention difficulty, and that this too is taken into account. Which, I will try to explain further to.
@George, for clarity, can you provide a detailed and descent overview of your exact calculations. This for sure will help things to move in the right way. Since we by now all know what the basic plan is, you might as well give us the exact calculations on which you base your theory?
{snip}
- Hardware setup of roughly 4 TH/s = 6 BTC
- The other 1.5 BTC is reserved for the fail-safe part.
- 4 TH/s yields ~ 1.2 btc/month
- Electricity consumed ~ 0.4 btc/month
- Scrypt puchasing ~ 0.6 btc/month
Average nett profit ~ 0.2 btc.I deliberately did not take the write-off into account.
You gave an example of replacement in a time span of 36 months, which is reasonable. There's a chance equipment lasts longer, yet chances are equal they last
shorter. I took that into my calculations as well, and that's where the fail-safe part comes in...
The fail-safe is purely reserved, just for the sake equipment
should fail (long?) before their time due, which simply
IS possible.
Remember, that this is for
the initial setup only, which I had in mind to be part of a bigger whole (the expanding afterwards).
But it all begins, stands or falls with the base. Which, I would want to deliver
properly with the 100 MH/s as stated, and not half-way it would be turning out to be 75 MH/s because of some damn rig broke earlier than they should.
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So for the sake of overview, let's work with numbers
only, and stripping away the rest:
- 7.5 BTC can buy roughly
5 TH/s of power.
- 5 TH/s yields ~ 1.5 btc/month
- Electricity consumed ~ 0.5 btc/month
- Scrypt puchasing ~ 0.6 btc/month
- Replacement costs, 36 months average, ~ 0.21 btc/month
Average nett profit ~ 0.19 btc/monthThe profit, is something of a mandatory; it would not only cover fluctuations in for example electricity or scrypt rising prices, but mainly would be used to put back into the system (expanding power) to
keep up with the difficulty, to ensure the continuation of Scrypt puchasing...
EDIT:
Adjusted a sweet little mistype
Your electricity bill will be higher, here its 0.23 euro cent 1 Kilowatt.
