Topic: s9 Can we discuss real world numbers? (Read 316 times)

No problem.

One thing I’m guilty of is forgetting to mention that in my example using slushpool there is a .2% fee

So whatever math I listed above your final number is actually mulitiplied by .98

Like .33 * .98 = 0.3234

Plus every time you do a payout “send your mined bitcoin to your wallet”  you’ll pay transaction fees.
Try to gauge a payout a day just in case the pool gets hacked or
Some crap.

I’m glad this is in speculation. 😉

@gurugarzah

Thank you sir. Very well explained. Your wording has helped me a great deal.
I'm getting a much better picture of the commitment needed for longevity.
3 miners then 6 miners then 12 then 18 then 25......... passion vs sickness vs the curve!!!!
ha ha

  - time to think

Thanks again

Hey man,

So I guess the reason this was moved to speculation is because it really is and there aren’t any such real world numbers that anyone can give you.

So it’s kind of speculation art and science and luck and more luck.

And it’s also highly dependent on bitcoin price.
But, basically I am an optimist so, I always use better numbers.
Or real world numbers like, 13.5 TH

If you join slushpool right now it’s 1.69 Exahash or
1,690,000 TH

13.5 / 1,690,000 = 0.00000798816568

That’s you’re typical share amount when you hit a block when the pool is 1.69 exahash
Now if the pool finds a block and and it’s 17.87 bitcoin than you take 17.87 and times it by
0.00000798816568 it equals 0.000142748520702

That’s how much bitcoin you made this block.
If you take that amount and multiply it by the current bitcoin price in your preferred currency or if you deal with satoshis.

But if you like American fiat and bitcoin is $12,900 then that’s about $1.84
Then you have to find about 12 blocks that day to make the $20 bucks.


That’s for one day.
 The next day the pool’s exahash might go down to 1.64 or it might go up to 1.72 exahash.
You repeat the same process with those numbers.

On average. Slush pool’s power has risen 2% every 8 days for the last couple of months.
And likely to continue now the block rewards are going up too however. I’ve seen blocks almost as big as before the last halvening. But let’s just realize that over time you’re miner will generate less bitcoin than before however the price of bitcoin is likely to rise. As that’s what I believe most individuals believe here as well. I hope 😂😂.

So if you’re only concerned with the actual money it brings in per day, it could actually make you 25 Dollars a day for a long time as long as bitcoin goes up. This is al speculation however.

I wrote a program a while back and it’s very conservative like you seem to be doing in your original post.
But my calculations for one S9 over the next year starting today, would generate over a year

.33 to .35 bitcoin.

This isn’t investment advice sir. I’m just going by my experience and trying to be as helpful as possible.

Thanks🕺🏼🚀

Block Reward 12.5 ----------------- So wrong it disqualifies your thread Ok, I respect that - help me out?

Thank you guys I appreciate the replies. I’m here to learn.
I’ve been the green guy before with other business - nothing new.
I  share my knowledge with my other endeavors and I’ll share down the
road with this as well. I’m not the guy who impulsed bought the s9 on Ebay this month. nfw!

I know with out a doubt I will look back at my first post here and laugh - prob within six months for it's naiveté.

With that said, reading back over my first post I realize I'm sort of asking you guys to give a yes or no on the golden goose so let me apologize if that offends anyone who’s been in this awhile. I understand that treads on thin ice now after re-reading the post.

I did assume the online calculator was as basic as basic goes and philipma1957 I’m glad you replied. It gave me a chance to remember that situations are different for everyone. Certainly knowledge and experience plays a big part of how much efficiency one can get out of each miner.

So would you be kind enough to offer some clarifications on the calculations I posted. Ball park it for the newb perhaps. I entered those numbers to see where the calculator stood and obviously by your reaction they are well off.

Planning for worse case:
I jumped the difficulty up and added a few more watts for variances. The BTC price I put in is perhaps a strong base price if things go south - again worse case scenario over the next year. The block reward is what they recommend. now is it — wrong for newbs or wrong for seasoned? - does it depend on the pool?
Basing the machine I'll likely purchase @12T seems to be a good average - new miners coming out
(keeping it simple - its all based on one miner)
Pool fee’s 2% (again worst case) I’ve read the Pool threads and agree with staying local like - Kano’s pool. I’ll learn more about pools once the miners are plugged in. I’m here to support smaller entities for sure.
 
Anyways, hopefully folks can chime in on this. Thanks guys/gals.
I’m trying to keep it short and simple but…. ice coffee, man!!! 

I won't go into all your other wrong stuff   as it could become true but just the block reward info  is wrong enough.

you can get 13.8 btc per block with zero variance.

and that fully changes your calculations quite a bit.

If you believe in bitcoin, than what you mine in the first 90 days will be about what you mine the next 9 months of the year.

If you save the bitcoin you mine the first 90 days for a year or more, you’ll do very very good.

If you sell all the bitcoin you mine immediately you won’t get the returns you are able to get if you let the mined bitcoin mature for a bit. “ No pun intended “

Last year the difficulty quadrupled. Or 8% per month


I hope this helps, I know there aren’t numbers here but.

Hi guys new to forum but long time holder/user/believer of btc.
New to mining and trying to get a good understanding of the mining world at the moment - digest the numbers
to see if this could be something I could add to my income on a realistic level.
I've got a work shed just beggin for loud fans!
It seems machine Fomo is on! Ebay wow! Those numbers don't make sense to me.(if your buying more than one)
(Yeh sorry, another schlep in the frey. I'm all set up to do battle
on blokforge and the likes.)  But I'm def easin in slowly.

Would it be possible to discuss some real world numbers?
If a few of you experienced guys would be so kind to share your experience and two cents I'm
sure it would be appreciated by many. and newbies - what is your take also?

so IMO (just an opinion) at the moment with btc looking like a 6-8k target on the weekly
(not that I'm wishing for that)
Keeping it simple I've done calculations like this based on owning one machine - worst case:

Cost: $3500
Hash Rate: 12,000
Watts: 1500
$/kw .12 (my elec costs)
Difficulty: 24 (yes it's at 18 now)
Block Reward 12.5
Btc price: 6k
Pool 2%
Roi: 1226 days

After elec the calculator says $7 per day and $85 profit per month and so on. "Coinwarz"

How accurate are these online calculators in the real world? (consider the space already built out with no
overhead just elec, a scenario where the machine runs with no repairs needed)

Is this as simple as plug and play? - well.... you know what I mean.

Can I really expect to plug say (one) s9 in and
start making (based on the obvious overhead factors pertaining to me, elec, etc...) 10-20 dollars a day?
Or at this level is it more of a break even hobby for tinkerers that love to tinker?

And perhaps is there a target number of GH/s everyone at home tries to achieve overall (total machine count etc...)
to make this a worth while endeavor?

Thanks for your time and reply's here. It means a lot to newbs like me! Hope this isn't to long for the forum