NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
Trying to calculate bitcoin mining profitability but im not getting it right. How can i do it with these hardware specs?
PC specs: nvidia geforce 830m intel core i7-5500U CPU 2.40GHz *No costs with energy I tried to calculate on online tools but i must be doing something wrong because all of them are giving me wrong values (there are some fields that i dont know their meaning like Hashing Power,Polling Fee,Bitcoin Difficulty, Hash Rate, Block Reward, etc... )
Google sheet to auto-magically calculate bitcoin mining profitability
Hi guys, For my own amusement, I made a spreadsheet that calculates whether the bitcoin network as a whole is in profit, based on the total network hash rate, assumed electricity price in China and the cost per bitcoin. The drop down menu lets you select from the different mining rigs (I used figures on what google told me were the latest and greatest asics). Clearly these are some rough calculations but let me know if you spot any glaring mistakes. Remember you can make you own copy of the spreadsheet to edit the numbers which aren't drop downs. https://docs.google.com/spreadsheets/d/1mcYJsmWX2DPUyWbfNSydInpPALJ5tLrWUhJM_X9JEtI/edit?usp=sharing.
I have a few questions about mining in the UK. If I spent ~12k gbp / 16k usd on mining equipment (4 - 5 antminer S9), what kind of return would I get on them? From what I can tell using online calculators: each ant miner has a minimum of 11.5 TH/S of hashing power @ 1127W. Electricity price is approximately 20cents per hw/h (0.16gbp kw/h). At current prices, this would net ~9k usd a year / 6.7k gbp per miner - so if bitcoin stagnates at this price for a year, you'd still get a return of ~3x on the cost of the unit? Is the amount of btc you receive constant until the next halving in 2020? So at 11.5th/s you'd be expected to get 0.66 btc per year til 2020? Is anyone here successfully mining in the UK? Would it be worth waiting for the next iteration of the antminer series? Or perhaps its cheaper to purchase many old miners?
04-04 10:34 - 'Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool' (medium.com) by /u/bitentrepreneur removed from /r/Bitcoin within 37-47min
I want to argue that the value of bitcoin can be asserted by the cost to mine it. It could be less than that, but it doesn't make sense that it would be more than that. At current difficulty, an antminer s9 can mine 0.064 BTC/month. Lets say it cost you $1500 to buy and setup the S9 and it will last you 15 months (a conservative estimate); so every month the setup costs you $1500/15 = $100. Electricity costs $0.15/kWh. At 1300 W, it is $140.40/month. Thus, total monthly cost is $240, and income is 0.064 BTC. This means a BTC costs $240/0.064 = $3750 You could change the variables and get a fair future estimate. Say, if difficulty becomes 2x by the end of next year, your cost will become 2x, or $7500/BTC. ref: https://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=13500.00&p=1300.00&pc=0.15&pf=0.5&d=1590896927258.08000000&r=12.50000000&er=18885.10000000&hc=1500 So at $18k, definitely a bubble!
Due to an oversized solar array, I have about 10 kW of unused energy per hour during daylight hours. How much can you make per kWh in Bitcoin assuming your electrical cost is zero? If part of that answer is "it depends on your mining hardware" then could someone supply a table showing the current market cost for each kind of miner and the expected power draw in kW of each model? Which mining hardware would give the most mining power per dollar spent? This mining profitability calculator seems to give the main variables. https://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=23000.00&p=1541.00&pc=0.0&pf=0.00&d=5106422924659.82000000&r=12.50000000&er=3895.50000000&hc=0.00 Do I just need to plug in my expected hash rate, energy consumption in watts, and electrical cost of zero? This article seems to suggest that in Jan 2018 the break-even price was $3900 per bitcoin, which corresponded to an electrical cost of 3 cents per kWh. https://medium.com/@hodlmodel/breakeven-price-of-btc-mining-i-bitmains-49-hashrate-694a5699fa37 Obviously that was a different world than today, but I wonder if things would be migrating - when bitcoin pricing is falling sharply - towards that break-even electrical cost of 3 cents per kWh. If yes, mining bitcoin with the available free electricity seems like a poor investment.
How much Electrical Power does the Bitcoin Network Use?
Bitcoin mining is super important. It keeps our favorite cryptocurrency going. Mining is the process of verifying the bitcoin transactions and adding them to the public ledger, and being rewarded for doing the same. It involves solving complex cryptographic puzzles which are highly computation intensive. Anyone can become a miner, provided that you have access to the Internet and the hardware required to do the difficult calculations. Bitcoin Mining Bitcoins are mined in groups called “blocks”. The reward for mining gets halved for every 210,000 blocks mined. When bitcoin came out in 2009, the reward for mining a block was around 50 BTC. Today, the reward for mining a block is 12.5 BTC. Currently, there are about 16,791,100 bitcoins in circulation, and the maximum number of bitcoins that can ever be produced has been capped at 21 million. On an average, around 1,800 bitcoins are mined per day. (For real-time figures, checkout bitcoinblockhalf.) More the number of active mining nodes (higher hashrate), greater the difficulty level of mining additional ones. As a result, computations get complex, and a lot of hardware is required for doing the same. Now, this hardware would understandably consume a lot of energy to run. This consumption would be pretty significant, you’d think. Let’s do the math and find out. To calculate the electrical energy used to power the bitcoin network, one needs to look at the number of sums that are conducted every second for solving the cryptographic puzzles. Then, one needs to find out the amount of electrical energy needed to solve each sum. The “sums” being talked about here are nothing but “hashes”. A miner has to come up with a 64-digit hexadecimal number (A hash) that is less than or equal to the target hash. Not only that, he/she has to be the first one to do it. To mine successfully, you need to have a high hashrate and need a lot of computing power. Your best bet would be to use either a graphics processing unit miner (GPU) or an application-specific integrated circuit miner (ASIC). According to a recently released estimate by Digiconomist, Bitcoin mining consumes about 30.14 TeraWatt Hours of energy annually. This level of consumption is actually higher than more than 159 countries. About 381,000 bitcoin transactions are processed in a day. In a year, therefore, a bitcoin transaction would consume an average of 200–210 KiloWatt Hours of energy. An Indian household consumes an average of 75 KiloWatt Hours of energy in a month. A single bitcoin transaction, therefore, consumes as much energy as a household does in 3 whole months! The Power of Bitcoin One has to agree that running the bitcoin network requires a lot of power. In fact, with the numbers we’re crunching, bitcoin transactions are consuming more energy than half the planet! With bitcoin gaining immense popularity, the number of miners that join the race keeps increasing. As it gets harder and harder to mine bitcoins, the graph of power needed to do so continues to shoot up. In some places, this power drain has been putting a strain on the local power grids. For example in Venezuela, mining operations have adverse effects on the country’s existing electricity shortage problem. On the other hand, one needs to remember that the bitcoin is a volatile currency. Different numerical figures associated with it constantly fluctuate every day. This leads us along a path which has an unforeseeable future
How to Calculate the Profitability of Bitcoin Mining. March 27, 2018 8:00 am by Alex Lielacher. 1,385 Investors read this. The popularity of cryptocurrency mining has increased substantially since bitcoin went mainstream in 2017. Today, graphics cards needed for CPU mining are sold out at many online retailers and bitcoin mining hardware producers can barely keep up with the demand for mining ... Bitcoin mining protects the network of Bitcoin. The cryptocurrency might get attacked and shut down without miners. As miners play such a vital role to the network, so they are well-paid for their mining services. When a miner solves the cryptographic problems successfully and places a new block on the public ledger, he/she gets a mining reward. Nowadays, Bitcoin mining has become very ... Start mining Bitcoin Cash or Bitcoin today! Supercharge your mining potential. Mine Bitcoin easily on the cloud without having to buy hardware, or plug your own hardware into the world’s highest paying mining pool. Sign up now Log in. Mine Bitcoin. We offer BTC and BCH mining. You can also choose to automatically mine the most profitable coin. Cloud Mining. Start mining immediately with our ... This is a writeup of Bitcoin mining related calculations useful to quantify mining profitability and its risks. The minimum threshold for block validity is hardcoded in the Bitcoin source code ... Other Bitcoin mining software. CryptoCompare.com also includes simple software to calculate the profitability of bitcoin mining, with the ability to include the percentage retained from the pool used. Another software is BuyBitcoinWorldwide.com. This one in particular estimates an average daily increase of 0.4527678% of the hashrate, allowing ...
Bitcoin Mining Roi Calculator 2017 with Genesis Mining ...
How to calculate Genesis Mining profit - Bitcoin Mining Profitability Calculator - Duration: 4:41. Marjun Guindulman 5,240 views. 4:41. Genesis Mining Bitcoin Case Study - 10 Month Review ... To try the browser mining please setup an acocunt at https://platform.jsecoin.com/?register=1 On the right panel you will see a link to the "Bitcoin mining profitability calculator". Click on it. You will be presented with a set of variables upon which your profitability will depend. Step ... In this video I cover how to calculate mining profitability and important factors to consider. New To Crypto? Buy $100 of BTC and get $10 Free! https://www.c... This usually relates to the difficulty of generating a new hash address, also known as mining. This is a variable that the Bitcoin system is using to keep the growth of new Bitcoins on a ...