Topic: Realistic Bitcoin Mining Calculator (Read 11926 times)
It would be nice to be able to adjust the growth factor for each consequent month. This way I can make most accurate calculations.
After playing around with this calc, it seems that 6 months from now, everyone under 1 ghash will have to call it quits.
Oh here we go again......and 4 posts. Yawn....
A-ha..
After playing around with this calc, it seems that 6 months from now, everyone under 1 ghash will have to call it quits.
Oh here we go again......and 4 posts. Yawn....
After playing around with this calc, it seems that 6 months from now, everyone under 1 ghash will have to call it quits.
Oh here we go again......and 4 posts. Yawn....
After playing around with this calc, it seems that 6 months from now, everyone under 1 ghash will have to call it quits.
So why are you bolding "for profit". I am still mining and making quite a LOT of profit thankyou. YOU are the troll. Do some proper research before making such a "bold" statement. Idiot.
I'm guessing you've already paid off the cost of your hardware. If you've done that, or you're not buying hardware specifically for mining, it should work out to be profitable for users with decent ATI cards.Yes I've paid off the hardware from mining quite a while ago and in the very near future my energy costs will also be zero (see other thread on free UK solar panels). It's very profitable for me. I also hold quite a few bitcoins too and will speculate with those at a later date.
So why are you bolding "for profit". I am still mining and making quite a LOT of profit thankyou. YOU are the troll. Do some proper research before making such a "bold" statement. Idiot.
I'm guessing you've already paid off the cost of your hardware. If you've done that, or you're not buying hardware specifically for mining, it should work out to be profitable for users with decent ATI cards.
nice find.
Newcomers need to see this calculator before they get into bitcoin mining for profit!
Thanks for a closer, more realistic outcome to mining!
Thanks for a closer, more realistic outcome to mining!
5 posts. lol F.U.D
Amazing how many people sign up JUST to tell others NOT to mine. Get a life.
Amazing how many people are on here just to troll..
Did I ever suggest that newcomers shouldn't mine?
Oh, that's right, I didn't.
Oh really?? What were you suggesting then? You're full of it. If you're suggesting that you weren't trying to put newcomers off then what exactly were you suggesting? And how am I trolling? As I said earlier, get a life.
I was suggesting exactly what I said, that newcomers should check out this more realistic calculator before they get into bitcoin mining for profit.
You're trolling my post so it seems you need to get a life at a much more significant rate than I do
So why are you bolding "for profit". I am still mining and making quite a LOT of profit thankyou. YOU are the troll. Do some proper research before making such a "bold" statement. Idiot.
Newcomers need to see this calculator before they get into bitcoin mining for profit!
Thanks for a closer, more realistic outcome to mining!
Thanks for a closer, more realistic outcome to mining!
5 posts. lol F.U.D
Amazing how many people sign up JUST to tell others NOT to mine. Get a life.
Amazing how many people are on here just to troll..
Did I ever suggest that newcomers shouldn't mine?
Oh, that's right, I didn't.
Oh really?? What were you suggesting then? You're full of it. If you're suggesting that you weren't trying to put newcomers off then what exactly were you suggesting? And how am I trolling? As I said earlier, get a life.
I think this calculator might be off on it's math. If you put in 1.15 as the growth rate, you get to the monthly increase in difficulty in 2 increases, but this is 28*.85 days, right? There should have been a third difficulty increase for the last part of the first month.
Yup, he explicitly states that he calculates difficulty changes every 14 days and not depending on the hashrate. So it's even a bit worse than predicted, although I'm still not convinced that difficulty will increase constantly. It's more like a curve that gets shallower and steeper every now and then.
Newcomers need to see this calculator before they get into bitcoin mining for profit!
Thanks for a closer, more realistic outcome to mining!
Thanks for a closer, more realistic outcome to mining!
5 posts. lol F.U.D
Amazing how many people sign up JUST to tell others NOT to mine. Get a life.
And the fees?
I think this calculator might be off on it's math. If you put in 1.15 as the growth rate, you get to the monthly increase in difficulty in 2 increases, but this is 28*.85 days, right? There should have been a third difficulty increase for the last part of the first month.
Difficulty Start => 1690895.8030524
Growth => 1.15
2236209 = 1.15 * 1.15 * 1690895.8030524, but this is only 23.8 days. Is my math off?
1 28.62 400.68 2236209.69954
2 20.37 285.18 3400995.42678
3 14.23 199.22 4497816.45192
4 10.13 141.82 6840616.59631
5 7.07 98.98 9046715.44863
6 5.04 70.56 13758923.3579
7 3.52 49.28 18196176.1409
8 2.5 35 27674109.3882
9 1.75 24.5 36599009.6659
10 1.24 17.36 55662518.8257
11 0.87 12.18 73613681.147
12 0.62 8.68 111957207.314
Difficulty Start => 1690895.8030524
Growth => 1.15
2236209 = 1.15 * 1.15 * 1690895.8030524, but this is only 23.8 days. Is my math off?
1 28.62 400.68 2236209.69954
2 20.37 285.18 3400995.42678
3 14.23 199.22 4497816.45192
4 10.13 141.82 6840616.59631
5 7.07 98.98 9046715.44863
6 5.04 70.56 13758923.3579
7 3.52 49.28 18196176.1409
8 2.5 35 27674109.3882
9 1.75 24.5 36599009.6659
10 1.24 17.36 55662518.8257
11 0.87 12.18 73613681.147
12 0.62 8.68 111957207.314
My favorite simple bitcoin calc is this: http://bitcoin.web-share.nl/#
Why? I can just enter an number and select k M G etc...
really nice feature actually.
Why? I can just enter an number and select k M G etc...
really nice feature actually.
thank you for sharing. I got sad after i saw i wouldnt make $$
thanks for the calculator....it made me realize that i would not be makin much money
You cannot realistically determine any future development of the difficulty as it's highly correlated to the price (higher prices make it more feasible to mine so more people will join) and to the overall acceptance of Bitcoin.
Afair, 1.45 was the latest difficulty change right around the time this calculator came out. Part of the reason for this was most likely that you can more or less ignore 5% change in difficulty as it will affect you only slightly in the short term. But 50% difficulty increase shocked some people and invalidated profitability calculations done based on old difficulties and an estimated low to moderate increase.
Since only one difficulty change so far has been negative, I think it's reasonable to assume an overall modest climb. As I said, do more than one scenario, 1%, 5%, 10%, 20% constant rise in difficulty (which would result in 1.01, 1.05, 1.1, 1.2 as the input) and see where that would take you, then watch reality follow one or the other curve.
Afair, 1.45 was the latest difficulty change right around the time this calculator came out. Part of the reason for this was most likely that you can more or less ignore 5% change in difficulty as it will affect you only slightly in the short term. But 50% difficulty increase shocked some people and invalidated profitability calculations done based on old difficulties and an estimated low to moderate increase.
Since only one difficulty change so far has been negative, I think it's reasonable to assume an overall modest climb. As I said, do more than one scenario, 1%, 5%, 10%, 20% constant rise in difficulty (which would result in 1.01, 1.05, 1.1, 1.2 as the input) and see where that would take you, then watch reality follow one or the other curve.
This calculator is really depressing.
Very Depressing.
And it used GHash/s instead of MHash/s
Not a lot of people have over a GigHash/s
Quote
Note: At this point, the calculator is not considering the fact that at some point in 2012, the amount of coins per block is halved.
Where can a newbie get more information about this?
E.g. here: https://en.bitcoin.it/wiki/Blocks
Quote: "The number of Bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years)."
This calculator is really depressing.
Very Depressing.
And it used GHash/s instead of MHash/s
Not a lot of people have over a GigHash/s
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