Cryptocurrency mining hardware calculator

By: Ares Date of post: 16-Nov-2017
Bitcoin Mining Profitability Calculator + Beginners Guide to Mining

Bitcoin Mining Profitability Calculator + Beginners Guide to Mining

This calculator estimates profits from bitcoin mining by forecasting costs and future market conditions. If this calculator helped you earn money, or avoid losing money, please consider making a donation! Bitcoin is a digital, cryptographic, peer-to-peer currency. The money supply is increased automatically by the network by rewarding newly minted bitcoins to users who contribute the computing power necessary to solve the difficult cryptographic problems required to produce the global transaction log. Future revenues are calculated assuming difficulty changes occur at regular intevals (e.g., 14 days) and that the difficulty after each such change is a fixed percentage increase over the previous difficulty (e.g., 5%). The exchange rate is held fixed, so the assumption is that all BTC revenues are held and exchanged for USD at the end of the time horizon. Hence, if you expect the exchange rate to rise or fall, enter the value you expect at the end of the time horizon. The starting difficulty is taken to be the current difficulty. The USD exchange rate is taken to be the daily volume-weighted average exchange rate reported by Bitstamp. These values are updated periodically throughout the day. The default difficulty growth rate is taken to be 5\%, which was approximately the average two-week difficulty increase between February 2016 and August 2017. The cost of electricity is taken to be Mining - Bitcoin Wiki.15 per k Wh. The hashrate, cost, and power consumption of the hardware are taken to be those of an Ant Miner S9 ASIC miner (13.5 Th/s, This calculator estimates profits from bitcoin mining by forecasting costs and future market conditions. If this calculator helped you earn money, or avoid losing money, please consider making a donation! Bitcoin is a digital, cryptographic, peer-to-peer currency. The money supply is increased automatically by the network by rewarding newly minted bitcoins to users who contribute the computing power necessary to solve the difficult cryptographic problems required to produce the global transaction log. Future revenues are calculated assuming difficulty changes occur at regular intevals (e.g., 14 days) and that the difficulty after each such change is a fixed percentage increase over the previous difficulty (e.g., 5%). The exchange rate is held fixed, so the assumption is that all BTC revenues are held and exchanged for USD at the end of the time horizon. Hence, if you expect the exchange rate to rise or fall, enter the value you expect at the end of the time horizon. The starting difficulty is taken to be the current difficulty. The USD exchange rate is taken to be the daily volume-weighted average exchange rate reported by Bitstamp. These values are updated periodically throughout the day. The default difficulty growth rate is taken to be 5\%, which was approximately the average two-week difficulty increase between February 2016 and August 2017. The cost of electricity is taken to be $0.15 per k Wh. The hashrate, cost, and power consumption of the hardware are taken to be those of an Ant Miner S9 ASIC miner (13.5 Th/s, $1,987.95, 1,300 W). Statistics about the bitcoin network (difficulty, block count, etc.) are obtained from To determine appropriate values for the remaining parameters, additional data are available from external sources on US electricity rates, EU electricity rates, historical difficulty levels, and mining hardware hash rates and power consumption.##This simple Bitcoin mining calculator will allow you to determine how much you can profit from a certain Bitcoin miner. It takes into account all relevant costs such as hardware, electricity and fees. See below for detailed instructions on how to use it.,987.95, 1,300 W). Statistics about the bitcoin network (difficulty, block count, etc.) are obtained from To determine appropriate values for the remaining parameters, additional data are available from external sources on US electricity rates, EU electricity rates, historical difficulty levels, and mining hardware hash rates and power consumption.

Step Bitcoin Mining Calculator 2017 - Will You Profit?

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining"). This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system. Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground. Mining a block is difficult because the SHA-256 hash of a block's header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros.

Bitcoin Mining Calculator and Profitability Calculator.

Bitcoin Mining Calculator and Profitability Calculator.

Bitcoin Mining Calculator is used to calculate mining profitability for Bitcoin mining. Enter your Bitcoin mining hardware hash rate in GH/s along with the power.

Bitcoin Mining Profitability Calculator -

Bitcoin Mining Profitability Calculator -
Information about cryptocurrency mining calculator A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as contraction of bitcoin alternative. Cryptocurrencies typically feature decentralized control (as opposed to a centralized electronic money system, such as Pay Pal) and a public ledger (such as bitcoin’s block chain) which records transactions. Mining is the extraction of valuable minerals or other geological materials from the earth from an orebody, lode, vein, seam, or reef, which forms the mineralized package of economic interest to the miner. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain any material that cannot be grown through agricultural processes, or created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Mining of stones and metal has been done since pre-historic times. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and final reclamation of the land after the mine is closed.

{{Information about cryptocurrency mining calculator A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as contraction of bitcoin alternative. Cryptocurrencies typically feature decentralized control (as opposed to a centralized electronic money system, such as Pay Pal) and a public ledger (such as bitcoin’s block chain) which records transactions. Mining is the extraction of valuable minerals or other geological materials from the earth from an orebody, lode, vein, seam, or reef, which forms the mineralized package of economic interest to the miner. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain any material that cannot be grown through agricultural processes, or created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Mining of stones and metal has been done since pre-historic times. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and final reclamation of the land after the mine is closed.##Find out what your expected BTC and USD return is depending on your hash rate, power consumption and electricity cost. Find out if it's profitable to mine Bitcoin. Do you think you've got what it takes to join the tough world of cryptocurrency mining?}}

Cryptocurrency mining hardware calculator
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