You should take into consideration
Miner Hashrate
Network Hashrate
Block reward
And transaction fees
Minerhashrate/Networkhashrate*daily reward(144 blocks*(12.5 BTC + fees)
or use the bitcoinwisdom calculator, remember that this calculator doesn't take fees into consideration.
Topic: Stuck with the Eternal Question (Mining reward calculations) [Yet Again] (Read 337 times)
September 13, 2017, 03:08:13 PM
September 13, 2017, 01:26:36 PM
Hi Everyone,
I am making a spreadsheet for mining rewards. In this case it is particularly bitcoin mining.
From my general understanding the reward formula is as follows
reward (r) = (60*60*24*H*B)/(D*2^32)
Where
H = hashrate of a single miner
D= Difficulty rate of the network
B = Current Block reward
So in my case, using 1 antminer s9 (14 TH/s) the formula should look something like this:
r = (60*60*24*14,000,000,000*12.5)/(922,724,699,726*4294967296)
= 0.00000381522173742 btc/day
Is this correct? I feel like I am wrong especially when using coinwarz spits out approx 0.00408774 btc/day.
I am making a spreadsheet for mining rewards. In this case it is particularly bitcoin mining.
From my general understanding the reward formula is as follows
reward (r) = (60*60*24*H*B)/(D*2^32)
Where
H = hashrate of a single miner
D= Difficulty rate of the network
B = Current Block reward
So in my case, using 1 antminer s9 (14 TH/s) the formula should look something like this:
r = (60*60*24*14,000,000,000*12.5)/(922,724,699,726*4294967296)
= 0.00000381522173742 btc/day
Is this correct? I feel like I am wrong especially when using coinwarz spits out approx 0.00408774 btc/day.
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