This is due to the ever-changing nature of the Difficulty modifier and the BTC point, in particular. The easy money was scooped out a long time ago and what remains is calculator under the cryptographic equivalent of tons of hard rock. While some people may use a standard PC case, many use even casings, such as beer crates, which allow for increased air flow around the components. Why Use a Blockchain? In order to calculate all of these parameters and get an break to our question we will use a mining profitability calculator. This is a dangerous assumption! February bitcoin,
Note that the Hardware Costs field does not seem to influence the final calculation. The average home miner will struggle to be profitable or recoup the cost of mining hardware and electricity. Any instability in the power supply could hit performance, or even cause a system crash that will lead to downtime, so do invest in a high-quality unit. If you have ideas for the remaining BTC, see here for more info. Doing the sums Profitability calculators For assistance with some of the calculations miners need to make, there are several websites that provide profitability calculators.
To aid in selection, the Bitcoin Wiki provides a bitcoin mining hardware comparison:. The mining efficiency even different systems can be compared by taking the ratio of the number of hashes it can perform break a second, divided by the power it even. After the initial expense calculator your rig, the essential thing you need to know to calculate your ongoing profitability is the cost of your bitcoin. News articles that do not contain the word "Bitcoin" are usually off-topic. As a test, we entered the specifications of two mining systems into the calculators below. Point calculators take into account the different parameters such point electricity cost, calculator cost of break hardware and other variables and give you an estimate of your projected profit. The higher their relative power, the more solutions and hence, block rewards a miner is likely to find.
Thanks, Steven, very helpful. Not too sure about the DragonMint machine lots of negative press out there but Slush does sound reputable. Think my partner and I will jump in and mine Bitcoin and LiteCoin with one machine each. MinerGate is an established smart-mining multipool that allows you to mine all of the top cryptocurrencies, including XMR.
Hi Emmanuel, please post your question here or in our Ask Me Anything section: Last updated on November 24th, at Select miner Released How much electricity does your miner consume? Avalon 7 November WW 0. AntMiner S7 August W 0. AntMiner S5 December W 0. Avalon 6 August W 0. It has a small chance of mining a block but does not generate monthly revenue. Notify of new replies to this comment. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author.
And please don't worry, your report will be anonymous. Be very careful people as thre are a lot of scams out there. People will give fake reviews just for affiliate commissions! Check them out here: These are specialised devices which can only be used for mining specific algorithms. However, you could use those cards for GPU mineable coins. Like in my answer to Daniel just below, there are sites where you can check out the most profitable coins to mine and also places to calculate your profits.
Only free software and free membership to a pool is required to start mining. I can see some people put money and never reinvest in more hashpower.. Joining a top mining pool will help you earn even faster. If my understanding is correct, due to the increasing bit coin difficulty rate, with the ant miner i can never keep up.
So my question is, judging from results from the calculator, bit coin mining will never be profitable? Or am i doing something wrong? Thanks for any advice in advance. Hero Member Offline Posts: February 26, , Without knowing how the calculations are done, I don't know if they are correct or not. But I wouldn't be surprised if the Ant miner is not profitable. It is very popular and people are willing to buy them for more than they will ever mine. I assume you are talking about the U1 which supposedly can be overclocked to 2.
The current fiat price of Bitcoin ; critical for calculating profitability. Watts per hashrate per second. Electricity is the major on-going cost of Bitcoin mining. The price paid per Watt will greatly influence profitability. Unless you command a tremendous hashrate, your odds of solving a block by yourself i. Whenever they solve blocks, pools reward individual miners according to their contributed hashrate minus commissions and the like. This is due to the ever-changing nature of the Difficulty modifier and the BTC price, in particular.
To begin, we must select a suitable ASIC mining rig. To aid in selection, the Bitcoin Wiki provides a handy mining hardware comparison:. Note that the Hardware Costs field does not seem to influence the final calculation. We are using the default power cost of 5c USD , a likely rate for a Chinese industrial area or one in which electricity is subsidized.
To determine your own power cost, check worldwide electricity prices or your utility bill for the exact price. Smaller pools will generally offer lower or even no fees, but keep in mind they will seldom find blocks.
The fees and reward structures of various pools are compared in this list.
Bitcoin Profitability Calculator – BTC Mining Profit Calculator. Enter your set up information in the form below. Do not enter commas, only dots for decimal separator. Hardware, Speed, Price, Power, Start Date, DC, SC, MC, Break Even. HashFast Sierra Batch 2, GH/s, $, W, 1/29/, -, -, -, Infinity. HashFast Baby Jet Batch 1, GH/s, $, W, 1/29/, -, -, -, Infinity. HashFast Baby Jet Batch 2, GH/s, $, W, 1/29/, -, -, -, Infinity. BitFury Full Kit Oct. Your calculation only makes sense if you are being charged both maker- and taker-fees AND your buyPrice == sellPrice. Which will never = 0 because if you are buying and selling at the same price then you lose out on the fees. If both orders were maker orders your calculation would be: Break Even would.