Fixed live data streaming.
Working on "Optimal mix" trading strategy, and finally need to add % for a mining pool cost.
Topic: New Historical Profitability Calculator for Bitcoin Miners (Read 612 times)
For me, an ideal calculator for miners should be:
Comprehensive: Accept detailed input parameters like hash rate, power consumption, electricity costs, and mining fees.
Accurate: Use real-time data for cryptocurrency prices, network difficulty, and rewards.
Versatile: Support multiple cryptocurrencies and mining algorithms.
Insightful: Provide profitability metrics (daily, monthly, annual earnings) and ROI analysis.
User-Friendly: Feature an intuitive interface for all experience levels.
Educational: Include guides to explain profitability factors and assumptions.
Hardware-Aware: Offer mining hardware comparisons for better decision-making.
These features ensure clear, tailored, and practical insights into mining profitability.
Comprehensive: Accept detailed input parameters like hash rate, power consumption, electricity costs, and mining fees.
Accurate: Use real-time data for cryptocurrency prices, network difficulty, and rewards.
Versatile: Support multiple cryptocurrencies and mining algorithms.
Insightful: Provide profitability metrics (daily, monthly, annual earnings) and ROI analysis.
User-Friendly: Feature an intuitive interface for all experience levels.
Educational: Include guides to explain profitability factors and assumptions.
Hardware-Aware: Offer mining hardware comparisons for better decision-making.
These features ensure clear, tailored, and practical insights into mining profitability.
Thanks for the great list! I agree with most of the points, and especially the mark on "Accurate" that we already hit. Our calculator uses daily closing Bitcoin data, updated every day. As we move further into the trading side of things, the pricing data will become even more granular.
For me, an ideal calculator for miners should be:
Comprehensive: Accept detailed input parameters like hash rate, power consumption, electricity costs, and mining fees.
Accurate: Use real-time data for cryptocurrency prices, network difficulty, and rewards.
Versatile: Support multiple cryptocurrencies and mining algorithms.
Insightful: Provide profitability metrics (daily, monthly, annual earnings) and ROI analysis.
User-Friendly: Feature an intuitive interface for all experience levels.
Educational: Include guides to explain profitability factors and assumptions.
Hardware-Aware: Offer mining hardware comparisons for better decision-making.
These features ensure clear, tailored, and practical insights into mining profitability.
Comprehensive: Accept detailed input parameters like hash rate, power consumption, electricity costs, and mining fees.
Accurate: Use real-time data for cryptocurrency prices, network difficulty, and rewards.
Versatile: Support multiple cryptocurrencies and mining algorithms.
Insightful: Provide profitability metrics (daily, monthly, annual earnings) and ROI analysis.
User-Friendly: Feature an intuitive interface for all experience levels.
Educational: Include guides to explain profitability factors and assumptions.
Hardware-Aware: Offer mining hardware comparisons for better decision-making.
These features ensure clear, tailored, and practical insights into mining profitability.
🚀 Just shipped the LLM feature: "AI-powered mining advisor"!
We've integrated llama3-70b-8192 model to generate mining insights and recommendations based on the calculator numbers.
While still testing and fine-tuning, I wanted to share this here first.
The AI helper:
- Analyses your mining setup (hardware specs, costs, etc.)
- Reviews historical performance data
- Provides personalized advice on optimizing operations
- Helps interpret metrics
- Suggests strategy adjustments
This is a first step toward making sophisticated mining analysis more accessible to everyone.
Would love your feedback as we refine the model and expand its capabilities.
We've integrated llama3-70b-8192 model to generate mining insights and recommendations based on the calculator numbers.
While still testing and fine-tuning, I wanted to share this here first.
The AI helper:
- Analyses your mining setup (hardware specs, costs, etc.)
- Reviews historical performance data
- Provides personalized advice on optimizing operations
- Helps interpret metrics
- Suggests strategy adjustments
This is a first step toward making sophisticated mining analysis more accessible to everyone.
Would love your feedback as we refine the model and expand its capabilities.
https://ibb.co/CVcPN7s
Shipped improved financial metrics:
- Clear cost structure breakdown (TCO split into Electricity vs Hardware costs)
- Key profitability and operational metrics for selected selling strategy
- Note: Avg. BTC Production Cost stays constant across strategies as it depends on formula: costs fixed in $ / mining volume (which is BTC)
Shipped improved financial metrics:
- Clear cost structure breakdown (TCO split into Electricity vs Hardware costs)
- Key profitability and operational metrics for selected selling strategy
- Note: Avg. BTC Production Cost stays constant across strategies as it depends on formula: costs fixed in $ / mining volume (which is BTC)
I also know the experience of small miners with several megawatts of capacity. Not all ASICs are mining 24/7—some are under testing, repair, or running at low parameters due to defects. The situation changes daily, with new data centers opening. That's why I don't understand how you’ll create a perfect calculator when even powerful computing centers can't perfectly predict the weather.
Mining can seem complex, I get it... but I would not overcomplicate the task. Honestly, a restaurant's economics with so many human variables is more complex than mining. The btc mining farms industry isn't about reaching data center perfection standard — it’s about practical solutions. With AI models eating the grid we have to automate, reducing the total cost of ownership to minimum. Anyway, here at this beta stage I am focusing on some basic principles and building what users tell me to add, so it keeps improving. Will see. It's easy to overthink the challenges.
And so I think that as long as the miner has good prices for electricity, he will mine and not complicate his business with complex calculations
I also know the experience of small miners with several megawatts of capacity. Not all ASICs are mining 24/7—some are under testing, repair, or running at low parameters due to defects. The situation changes daily, with new data centers opening. That's why I don't understand how you’ll create a perfect calculator when even powerful computing centers can't perfectly predict the weather.
Mining can seem complex, I get it... but I would not overcomplicate the task. Honestly, a restaurant's economics with so many human variables is more complex than mining. The btc mining farms industry isn't about reaching data center perfection standard — it’s about practical solutions. With AI models eating the grid we have to automate, reducing the total cost of ownership to minimum. Anyway, here at this beta stage I am focusing on some basic principles and building what users tell me to add, so it keeps improving. Will see. It's easy to overthink the challenges.
You're right that a few large operations managed to install monitoring system (at least they got that right finally). The calculator, even at this beta stage, can be useful in specific cases like calculating downtime/opportunity loss/missed. And I already talked to some users who used it to get precise, verifiable numbers in such a case.
Also not just mining farms—it’s a profitability estimator for cases like opportunity loss from curtailed wind energy for example: in 2023, Northern Ireland had to curtail 539 GWh of wind energy. To put that into perspective you can translate it using the calculator into 60MW of unutilised capacity or 534 BTC mined on s9... on that point have an idea to have a real-time conversion of curtailment data (if i find a grid which is streaming such data)
I also know the experience of small miners who have several megawatts of capacity. So they don't have all asics mining 24/7. Some asics are on testing, some are under warranty and non-warranty repair, some work with low mining parameters due to manufacturer's defect, but the warranty is over.Also not just mining farms—it’s a profitability estimator for cases like opportunity loss from curtailed wind energy for example: in 2023, Northern Ireland had to curtail 539 GWh of wind energy. To put that into perspective you can translate it using the calculator into 60MW of unutilised capacity or 534 BTC mined on s9... on that point have an idea to have a real-time conversion of curtailment data (if i find a grid which is streaming such data)
And the situation is changing every day, new data centres with 50-100 megawatts are being opened.
That's why I don't understand how you will make a perfect calculator if it is impossible to do it.
The most powerful computing centres in the world are trying to predict the weather, they have a huge database, but you can look at the weather forecast for 2-3 days ahead and then compare the results.
You're right that a few large operations managed to install monitoring system (at least they got that right finally). The calculator, even at this beta stage, can be useful in specific cases like calculating downtime/opportunity loss/missed. And I already talked to some users who used it to get precise, verifiable numbers in such a case.
Also not just mining farms—it’s a profitability estimator for cases like opportunity loss from curtailed wind energy for example: in 2023, Northern Ireland had to curtail 539 GWh of wind energy. To put that into perspective you can translate it using the calculator into 60MW of unutilised capacity or 534 BTC mined on s9... on that point have an idea to have a real-time conversion of curtailment data (if i find a grid which is streaming such data)
Also not just mining farms—it’s a profitability estimator for cases like opportunity loss from curtailed wind energy for example: in 2023, Northern Ireland had to curtail 539 GWh of wind energy. To put that into perspective you can translate it using the calculator into 60MW of unutilised capacity or 534 BTC mined on s9... on that point have an idea to have a real-time conversion of curtailment data (if i find a grid which is streaming such data)
By "add a lot of models," do you mean more ASIC types? We already cover all SHA-256 units, including 11 different S9 variants. Expanding into other algorithms isn’t on the radar yet.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
I have already written to you how I see the ideal calculator, but you can also ask other miners and be sure to ask philipma1957.
Why should miners pay for something they can get for free?
https://www.hashrate.no/asics
Asics for Bitcoin are mainly bought by industrial miners. And for home use, they usually buy ASICs for altcoins.
If you do not want to add these ASICs, you will lose a lot of traffic.
Industrial miners mainly use their real data and not calculators.
In my opinion, such sites should earn money from affiliate programs and advertising, there will be very few clients for paid services.
Thanks, I'll reach out to philipma1957. From all the calculators I've seen, BRAIINS is the only one that offers a 'historical mode,' but I question their math, and there's no way to verify their methodology (I contacted them through their feedback form but never received a response).
The end goal is to target larger miners. I just don’t have the bandwidth for altcoins for now, unless someone is interested in contributing with alt support. I appreciate your feedback regardless. Real data is coming soon—hopefully
Shipped Models Details to allow users to look through specs of models in a separate dialog window: th/s, Watt, Efficiency, release date and select the model.
By "add a lot of models," do you mean more ASIC types? We already cover all SHA-256 units, including 11 different S9 variants. Expanding into other algorithms isn’t on the radar yet.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
I have already written to you how I see the ideal calculator, but you can also ask other miners and be sure to ask philipma1957.
Why should miners pay for something they can get for free?
https://www.hashrate.no/asics
Asics for Bitcoin are mainly bought by industrial miners. And for home use, they usually buy ASICs for altcoins.
If you do not want to add these ASICs, you will lose a lot of traffic.
Industrial miners mainly use their real data and not calculators.
In my opinion, such sites should earn money from affiliate programs and advertising, there will be very few clients for paid services.
Thanks, I'll reach out to philipma1957. From all the calculators I've seen, BRAIINS is the only one that offers a 'historical mode,' but I question their math, and there's no way to verify their methodology (I contacted them through their feedback form but never received a response).
The end goal is to target larger miners. I just don’t have the bandwidth for altcoins for now, unless someone is interested in contributing with alt support. I appreciate your feedback regardless. Real data is coming soon—hopefully
By "add a lot of models," do you mean more ASIC types? We already cover all SHA-256 units, including 11 different S9 variants. Expanding into other algorithms isn’t on the radar yet.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
I have already written to you how I see the ideal calculator, but you can also ask other miners and be sure to ask philipma1957.
Why should miners pay for something they can get for free?
https://www.hashrate.no/asics
Asics for Bitcoin are mainly bought by industrial miners. And for home use, they usually buy ASICs for altcoins.
If you do not want to add these ASICs, you will lose a lot of traffic.
Industrial miners mainly use their real data and not calculators.
In my opinion, such sites should earn money from affiliate programs and advertising, there will be very few clients for paid services.
By "add a lot of models," do you mean more ASIC types? We already cover all SHA-256 units, including 11 different S9 variants. Expanding into other algorithms isn’t on the radar yet.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
Or do you mean allowing users to select multiple models (not just one) for aggregated analysis? That’s something we’re considering as a paid feature.
Competition isn’t our focus right now. Our tool is backward-looking, using exact historical data, while others focus on snapshots or projections—different use cases.
Your idea to sort miners by BTC revenue for a selected period (instead of alphabetically) is definitely achievable - thinking of the best way to implement that.
If you make this service for yourself and share it with other users, that's fine. But if you want to compete with other services, you need to add more models. Miners are very lazy, they don't like complex solutions.
I've added your calculator to the list
https://bitcointalksearch.org/topic/m.63501742
I've added your calculator to the list
https://bitcointalksearch.org/topic/m.63501742
thanks for adding the tool to the list!
Following your advise, for lazy miners I have just added all 149 models SHA-256 (sourced from here: https://www.asicminervalue.com/) - I will optimise the code to make fetching faster.
I really appreciate your input!
I like these 2 interfaces. Well there are 2 things missing here Estimated ROI and MSRP.
https://miningnow.com/latest-asic-miner-list/
https://www.asicminervalue.com/
If they added that, these would be the perfect calculators. Then I would be able to see the fastest paying off asics from the huge amount of offers.
If you make this service for yourself and share it with other users, that's fine. But if you want to compete with other services, you need to add more models. Miners are very lazy, they don't like complex solutions.
I've added your calculator to the list
https://bitcointalksearch.org/topic/m.63501742
I've added your calculator to the list
https://bitcointalksearch.org/topic/m.63501742
thanks for adding the tool to the list!
Following your advise, for lazy miners I have just added all 149 models SHA-256 (sourced from here: https://www.asicminervalue.com/) - I will optimise the code to make fetching faster.
I really appreciate your input!
If you make this service for yourself and share it with other users, that's fine. But if you want to compete with other services, you need to add more models. Miners are very lazy, they don't like complex solutions.
I've added your calculator to the list
https://bitcointalksearch.org/topic/m.63501742
I've added your calculator to the list
https://bitcointalksearch.org/topic/m.63501742
🚀 Another two features rolled out for setting section:
a) dynamically filters ASIC models based on their release date! 🎉
b) OTHER model type
Now, when you set your Start Date, only ASICs released before or on that date will appear. This keeps the calculator realistic by showing only available hardware. "OTHER" option, so you can set any hash rate and wattage you prefer.
Try it out!
a) dynamically filters ASIC models based on their release date! 🎉
b) OTHER model type
Now, when you set your Start Date, only ASICs released before or on that date will appear. This keeps the calculator realistic by showing only available hardware. "OTHER" option, so you can set any hash rate and wattage you prefer.
Try it out!
Now export data is available with ALL Formulas inside!
+ for BTC revenue calculation replaced 2^32 with more "kosher" 2^48/65535.
Enjoy your spreadsheets folks and lmk where we might have screwed up on math!
+ for BTC revenue calculation replaced 2^32 with more "kosher" 2^48/65535.
Enjoy your spreadsheets folks and lmk where we might have screwed up on math!
Shipped another feature: share results. After OSS is released, will try to improve it - making the URL shorter.
https://i.ibb.co/4MYhsLm/image.png
https://i.ibb.co/4MYhsLm/image.png
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