When estimating block reward, should you take network difficulty into account?

butka

full member

Activity: 434

Merit: 246

There is another way to do this. If you know the hash rate of your GPU, you can go to a mining pool that mines your coin of choice.

Let's say, for the sake of argument, it's zpool.ca and let's say your coin is Zcoin.

https://zpool.ca/site/mining

Click on lyra2z, and check the number in the Zcoin table where it says Profit.

It is the 24 hour estimate from net difficulty in mBTC/MH/day.

Now multiply this number with the hash rate of your card and there's your average predicted reward in mBTC for your hardware per day. It is not overly accurate but it will give you a good estimate.

Geraldo

sr. member

Activity: 588

Merit: 272

⭐⭐⭐⭐⭐

So, you are on pooled mining and tried to calculating your estimation how many coins that you will get for a specific time or specific blocks solved, right?

That's quite hard, may you need to use solo mining calculator, the logic is, use your pool's Hashrate on solo mining calculator, then you will get how many blocks can be solved by your pool in a specific time and of course how many coins will be getting. Then calculating your contribution to the pool (also you need to know your pool payment scheme)

One of solo mining calculator with a few coins that I know:

https://mining.alekseirubin.ru/

Or else, you can Google it or calculate manually (I'm doing manually)

Some Mining Pool also has estimated earning for their miners.

shiroocrypto

jr. member

Activity: 43

Merit: 2

Messed up the subject ... network hash rate, not network difficulty

Trying to estimate profitability using whattomine for different altcoins not specified on the site.

Is there a decent way to work out the estimated block reward for a given coin. What I use (for whattomine) so far:

* Block reward
* Difficulty

I just enter those into the site for a specific algo coin. What I don't think whattomine uses:

* Network AND Pool Hashrate
* Time between blocks

I feel that what I have been doing is incorrect with whattomine because it does not take into account pool mining and your share of the block reward. Is there a a way to calculate an estimate of potential earnings for a coin given all it's variables?

What I want out of it is just an indicator of how much coins i'll mine over N blocks OR over N days, not an accurate number.

Topic: When estimating block reward, should you take network difficulty into account? (Read 125 times)