Bitcoin mining power calculator
Period months — a period of time, during which the mining process is expected. The default settings equal 6 months. The minimal value is 1, the maximal one is These vaules work for the bitfury chips. Month — the month, in which the calculation is being made. By clicking on any row, you will see the detailed daily stats! ROI — return on investment. Maintenance BTC shows the commission you pay for electricity and maintenance. Net BTC Profit —this is what you really earn.
The rate is calculated taking into account historic data. GHs sell price — this tricky parameter will be useful for those who trade at cex. It shows the price and the day, according to which it is most profitable to sell GHs, so that they pay off. For example, June 15th shows 0.
It means that if you buy a GHs at the current price today and sell it for 0. If you sell it for a higher price — you'll get profit. Bitcoins Spent — the number of spent Bitcoin. This is the number of Gigahashes multiplied by their price in Bitcoins. Total USD Profit — the number of earned money in dollars. The gradual rise of the dollar exchange rate is taken into account. Simple mining ROI — the interest rate of your profit, if you just purchase a cloud-based miner or mining hardware under conditions and prices, and will be mining all the time without selling mining power.
First post of a series of 2. Fin the second part here! Miners are an fundamental part of bitcoin technology because they participate in the competition to update the blockchain with the new block and then they are responsible for the validity of the blockchain itself. The mining 'game' is a very interesting game theory experiment that lead to an astonishing result: Mining bitcoin has been, and for certain still is, a very lucrative business, so it is normal that many people are now interested in mining.
Let's explain how to compute the mining profitability. To be clear from the beginning of this post, mining today is not a profitable experience unless you have an access to really cheap electricity or the possibility to do a huge scale investment. Here I show you why. So mining is a classical project where you invest upfront a capital and you expect to have some income during the life of the asset. So it is a cash-flow investment:.
The Capex capital expenditures , or the investment made upfront is the cost of the equipment, usually in the case of mining we have to count the Miner itself and the Inverter to supply the power. In our case the bitcoin price refers to 14 of October:.
The Opex operating expense will be the electricity cost and, in case of dedicated business of course rent, labor and other minor costs. Fortunately for bitcoin miners the electricity is a very easy cost to compute, since our miner will most likely run 24 hours a day at the maximum power.
Assuming the rent, the labor and all the other costs as zero careful! In the case of the Antminer the electrical consumption is W. So the cost of electricity per day is:. Assuming that the electricity cost in your currency is of 0. We calculate the cost per day because the income will be statistically almost fixed until the next difficulty computation, so to have a good simulation we should count the days until the next difficulty.
For doing this we check really fast on Alloscomp , this website, as many others, will give you the first income of your miner, a good approximation until the first difficulty adjustment. While I write the bitcoin price in euro is This allow us to convert our income to 7.
It could seem difficult to adjust the difficulty calculation, but the only thing you have to remember is that the bitcoin mining reward is proportional to the difficulty. So let's imagine the difficulty evolution in the next months. I usually go Bitcoin Wisdom in order to have an idea of the difficulty evolution in the future. Watching at the difficulty history table we can see the percentage variation of the difficulty roughly every two weeks. This is the best approach, but it is fast enough to understand of what we are talking about.
In our case to only repay the hardware we would need 49 weeks, and in that time we would have a cumulative electrical cost of around