CryptoCoinsInfoClub.com

Bitcoin Cash Mining Profitability Calculator

Is Bitcoin Mining Still Profitable?

Is Bitcoin Mining Still Profitable?

By Kristina Zucchi, CFA | May 11, 2015 11:44 AM EDT Bitcoin mining is the process of earning bitcoin in exchange for running the verification to validate bitcoin transactions. These transactions provide security for the Bitcoin network which in turncompensates miners by giving them bitcoins. Miners can profit if the price of bitcoins exceeds the cost to mine. With recent changes in technology and the creation of professional mining centers with enormous computing power, many individual miners are asking themselves, is bitcoin mining still profitable? There are several factors that determine whether bitcoin mining is still a profitable venture. These include the cost of the electricity topower the computer system (cost of electricity), the availability and price of the computer system, and the difficulty in providing the services. Difficulty is measured in the hashes per second of the Bitcoinvalidation transaction. The hash rate measures the rate of solving the problemthe difficulty changes as more miners enter because the network is designed to produce a certain levelof bitcoins every ten minutes. When more miners enter the market, the difficulty increases to ensure that the level is static. The last factor for determining profitabilityis the price of bitcoins against standard, hard currency . Prior to the advent of new bitcoin mining software in 2013, mining was generally done on personal computers. But the introduction of applicationspecific integrated circuit chips (ASIC) offered up to 100x the capability of older personal machines, rendering the use of personal computing to mine bitcoins inefficient and obsolete. When miners used the old machines, the difficulty in mining bitcoins were in line with the price of bitcoins. But with these new machines came issues rela Continue reading >>

Is Bitcoin Mining Worth It?

Is Bitcoin Mining Worth It?

Depends on how much hardware you have and the cost of electricity where you'll be mining. If the cost of electricity is high, likely not, and if you don't have an ASIC mining rig, also likely not. If you have moderate to low electricity cost, probably, but you'll need an ASIC to see any major returns--a CPU/GPU won't cut it. You can use an ASIC miner, a GPU, or a CPU to mine Bitcoin. You'd have to download Bitcoin's blockchain, a mining program, and connect to/establish a mining pool. This is a simple question with a complex answer. There are a few different factors that influence whether or not Bitcoin mining will be worth it for you. Even with the rising Bitcoin price , the set-up fees and electricity costs may outweigh the revenue that youd earn through mining. The primary factors that affect your Bitcoin mining profitable are: The mining difficulty determines the complexity of the algorithm you need to solve when creating a new block of transactions. As more miners join the network, the difficulty increases making Bitcoin harder to mine. The reward for mining a block is currently 12.5 Bitcoin. This reward is cut in half every 210,000 blocks with the next halving set to occur in 2020. Ideally, the price of Bitcoin will increase enough to outweigh the continuing decline of the mining reward. You should also factor in the conversion rate of Bitcoin to fiat if you plan on cashing out at any time. With the volatility of Bitcoins price, this could greatly affect your profitability. The biggest unknown when calculating your projected Bitcoin mining profitable is the amount of yearly profitability decline. No one knows how many miners will continue to join the network, so its nearly impossible to calculate just how much your revenue will decrease each year. The hash rate i Continue reading >>

Bitcoin Cash Is Now More Profitable To Mine Than Bitcoin - Coindesk

Bitcoin Cash Is Now More Profitable To Mine Than Bitcoin - Coindesk

Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creatingthe incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push,bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase withan upcoming adjustment on bitcoin cash that will make it even easier to mine. Block 479,808 (set for this weekend) will likely trigger a difficulty adjustment downwards 50%, and if the prices of bitcoin and bitcoin cash stay the same, this means miners will make almost double on bitcoin cash what they would on bitcoin. However, even with this threshold met, not all things are equal on both chains. The bitcoin blockchain chargeshigher fees on transactions, so miners must take into account the extra 1.5 BTC per block on bitcoin (about $6,000 USD). By comparison, bitcoin cash has very low fees (typically under $50 USD). Lastly, depending on the block times, bitcoin currently gets the 100 confirmations needed to spend the mining reward faster than bitcoin cash. (Currently, bitcoin takes about 17 hours and bitcoin cash takes about 34 hours). Further, combined with the higher liquidity, bitcoin may still emerge as more attractive to mine at the moment. Continue reading >>

Mining Profitability May Permanently Turn In Favor Of Bitcoin Cash

Mining Profitability May Permanently Turn In Favor Of Bitcoin Cash

Mining Profitability may Permanently Turn in Favor of Bitcoin Cash Cryptocurrency miners are always looking for the most profitable coin. For a lot of people, that has been Bitcoin, as far as SHA-256 mining is concerned. As of right now, it is far more profitable to mine Bitcoin Cash. According to Fork Lol, this situation may continue for quite some time to come. Given the SegWit2x drama on the horizon, a lot of things will change by the look of things. A lot of people will always mine Bitcoin first and foremost. It is the worlds leading cryptocurrency now and will be for some time to come. Moreover, it is the only coin that gives people access to nearly all airdrops of forked coins that may matter in the end. Without Bitcoin, no one would have BCH, BTG, or soon B2X. It is evident the worlds leading cryptocurrency still has a lot of momentum in its favor. However, there is some competition emerging as we speak. Most of this competition comes from Bitcoin Cash right now. This particular altcoin has soared in value over the past week. No one knows why exactly, but it is the hand were dealt. This has also affected the mining profitability of both BTC and BCH. More specifically, it is now more profitable to mine Bitcoin Cash cover BTC. Although this situation changes a lot lately, the current trend may remain in place for some time to come. Fork Lol seems to indicate BCH mining will remain more profitable for some time. More specifically, the seven-day average has flipped in favor of BCH. Although this situation hasnt been locked in yet, it is a very real possibility. Even at a rate of 1.06 times the normal BTC earnings, some miners will be tempted to make the switch. Interestingly enough, this trend seems to manifest itself close to the Bitcoin Cash hard fork itself. That Continue reading >>

5 Step Bitcoin Mining Calculator 2017 - Will You Profit?

5 Step Bitcoin Mining Calculator 2017 - Will You Profit?

There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are: the Bitcoin price and the total network hash rate. The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate. Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the past 6 months. Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality. Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses. The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year. Since our calculator only projects one year out, we assume the block reward to be 12.5. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data. Continue reading >>

Will Bitcoin Cash Be More Profitable For Mining?

Will Bitcoin Cash Be More Profitable For Mining?

Will Bitcoin Cash be more profitable for mining? Will it be worth it to try mining Bitcoin Cash? I'm keeping my coins in bitfinex so I get both coin after the spplit and since there is less miners and the coin will start out speculatory is the profit potential as a miner going to be there initially for BCC like BTC was originally or will it be the same and need specialized hardware? If you are asking if it will be GPU mine-able, I highly doubt it. While I am sure it will only get a fraction of BTC's hashrate, you need to remember that mining BTC has been ASIC only since early 2013. might be useful again for a month or two. However, there are many people who support Bitcoin Cash who do have modern hardware and who will be switching some portion (or all) of it over. I decided to look into this bit more after I posted the above. With the new information, I think only mining hardware acquired within the last year would even be viable on the BCC network, so disregard even the early ASIC equipment comment I made earlier. Here is a link I found that shows some of the historical Bitcoin difficulty numbers: I remember moving away from GPU of mining of BTC and moving to alts such as LTC during early 2013, so let's look at the difficulty at the beginning of that year as an example. The January 8th, 2013 difficulty shows as:3,249,550 The latest difficulty is: 860,221,984,436 ( ). This represents over a 250,000x increase in difficulty over that time span. Also the block reward back then was 50 BTC/block versus only 12.5 BTC/block today. Anyway, even if BCC gets 1/10th of BTC's current hash-rate, the BCC mining difficulty might eventually drop down to ~86 Billion. In other words, this would mean a GPU will have a roughly 25,000 as hard of a time to find a block as it did in early 20 Continue reading >>

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Last updated on November 24th, 2017 at 08:12 am Before we start, if youre new to Bitcoin mining and dont know what it is watch this short and simple explanation: The short answer would be It depends on how much youre willing to spend. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors mining profitability calculators were invented. These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Before I give you a short example of how this is calculated lets make sure you are familiar with the different variables: Bitcoin Mining terms you should get to know Hash Rate A Hash is the mathematical problem the miners computer needs to solve. The Hash Rate is the rate at which these problems are being solved. The more miners that join the Bitcoin network, the higher the network Hash Rate is. The Hash Rate can also refer to your miners performance. Today Bitcoin miners (those super powerful computers talked about in the video) come with different Hash Rates. Miners performance is measured in MH/s (Mega hashper second), GH/s (Giga hash per second), TH/s (Terra hashper second) and even PH/s (Peta hashper second). Bitcoins per Block Each time a mathematical problem is solved, a constant amount of Bitcoins are created.The number ofBitcoinsgenerated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of Bitcoins awarded per block is 12.5. The last block halving occurred on July 2016 and the next one will be in 2020. Bitcoin Difficulty Since the Bitcoin network i Continue reading >>

Bitcoin Profitability Calculator Btc Mining Profit Calculator

Bitcoin Profitability Calculator Btc Mining Profit Calculator

Bitcoin exchanges: LocalBitcoins , BitQuick . The calculation is based on average block generation time. The closer the average generation time is to the time frame the more the resulting revenue depends on luck. You will have to pay mining pool fees from close to nothing up to 3% depending on the pool. Unless you want to do pool hopping you should go to a pool with hopping protection. I recommend Arsbitcoin and EclipseMC (with namecoin merged mining). P2Pool is a new completely decentralized alternative. You will get somewhere from 1% to 3% of stale shares. Thread . The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins; Reward-Drop ETA date: 09 Jul 2016. This might partly be compensated by falling difficulty, raising prices, higher transfer fees, etc. A mining computer generates a lot of heat as a byproduct. This can impact your heating/airconditioning costs depending on outside temperatures. Other byproducts could be noise and an angry wife. Do you have lots of experience with and like working with computers during lonesome nights? You have to spend quite some time to set up the system (easily several days!) and watch it. You will probably not be able to reach the highest values in the Mining Hardware Comparison . Some bragging / measuring error and extensive overclocking of the cards is involved here. Note ClockTweak, a win32 command line overclocking/underclocking tool powered by bitcoinX. Scaling effects: three cards in one rig do worse than a single card because it gets harder to get out the heat. Results in the list above do not reflect the number of cards. A disruptive technology like ASIC chips could show up and make GPU mining less profitable. Politics and legal issues might affect the bitcoin market. Continue reading >>

Bitcoincash Mining Calculator And Profitability Calculator

Bitcoincash Mining Calculator And Profitability Calculator

BitcoinCash Mining Calculator and Profitability Calculator BitcoinCash Cryptocurrency Mining Summary Days to generate one block mining solo: 770.33 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 551.52 Day(s) (can vary greatly depending on the current exchange rates) Days to break even: N/A (can vary greatly depending on the current exchange rates) Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate. Continue reading >>

Mining Profit Calculator - Btc.com

Mining Profit Calculator - Btc.com

${config.minerHashRate==0 ? 0 :config.minerPower/config.minerHashRate | toFixed 2} W/T ${currencyMap[config.currency].symbol} ${config.minerHashRate==0 ? 0 :config.minerPrice/config.minerHashRate | toFixed 2}/T Note: This calculation only applies to the PPS mode. And the mining process is affected by the practical status of miners, local electricity and other factors, so that the result is for reference only. ${currencyMap[config.currency].symbol} ${result.totalProfit | toFixed 2} ${currencyMap[config.currency].symbol} ${result.currentPeriodIncomeMoneyPerDay | toFixed 2 } ${currencyMap[config.currency].symbol} ${result.totalIncome | toFixed 2} ${currencyMap[config.currency].symbol} ${result.currentPeriodIncomeCostPerDay | toFixed 2 } ${currencyMap[config.currency].symbol} ${result.totalElectricityCost | toFixed 2} ${currencyMap[config.currency].symbol} ${result.currentPeriodIncomeProfitPerDay | toFixed 2 } ${currencyMap[config.currency].symbol} ${result.totalMinerCost | toFixed 2} Continue reading >>

How To: Calculate Mining Profits 2017/18

How To: Calculate Mining Profits 2017/18

If youve ever heard of cryptocurrencies, youve probably heard of mining. The sole reason most cryptocurrencies can function is due to mining. Without miners, the blockchain cant be validated every time someone wants to make a transaction. If the blockchain doesnt get validated, there is simply no way to know which transaction is legitimate and which is not. Becoming a miner doesnt come without reward, however. There are two things which your reward is based off of. For example, whenever you decide to send some Bitcoin, Ether, or whatever other currency youre using, youve probably noticed the added fee, which can either be listed as a transaction or a mining fee depending on your wallet. This fee gets tacked on to whichever miner cracks the code and completes the block. Though this reward is quite minuscule, the real treat is the block reward, which for Bitcoin is 12.5 Bitcoin equal to an astounding $48,314 USD! One of the benefits in investing a couple hundred, or a thousand into a mining computer instead of into the currency you are eventually going to mine, is the fact that in the very unlikely event that the headline in the morning is United Nations Ban All Forms Of Digital Currencies,you can still sell your mining computer. At a loss nonetheless, but its still better than nothing. However, if you invested that amount into a currency instead, that currency will most likely be worth nothing. Although there still is the chance that the currency goes up by 100% overnight, leaving you in the dust with a mere mining rig. Another benefit is that in case the currency you are mining drops in value, you can easily swap to another coin and regain your profits that way. Take Ethereum for example. One year ago and with a small mining operation, it was very easy to mine 1 or 2 E Continue reading >>

Bitcoin Cash Mining Calculator

Bitcoin Cash Mining Calculator

The Bitcoin Cash mining calculator helps miners to know the estimated profit amount that they can earn from a Bitcoin Cash miner. The mining calculator provides the estimated amount after considering numerous factors like mining fees, electricity cost, and hardware. Miners have to follow the below-mentioned instructions to know the usage of Bitcoin Cash mining calculator Gross Mining Returns (Without Maintenance and Support Cost) Net Profit (After Maintenance and Support Cost) Disclaimer : Above mining calculator is an indicator of profitability you get as on date. Kindly note that profitability which is dependent on various factors like difficulty levels , price of bitcoin may go both up and down on movement of various factors. Customer /Investor may kindly take a note that nobody in the world could ever estimate future returns and any scheme which is committing fixed return is no less than a scam. Historically bitcoin prices have gone up and mining have giving amazing returns but there is absolutely no commitments. How to Use Bitcoin Cash Mining Calculator Enter the hashing rate of Bitcoin Cash miner Then, click on Calculate Mining Returns Thats it you will get the estimated profit amount Based on the current Bitcoin Cash exchange rate, mining returns will be displayed. The exchange rate might vary from time-to-time. Returns will be based on the current Bitcoin Cash mining difficulty. The mining difficulty level will change. With the time, it will probably go up or decrease. Returns are not profit. Still, you have to consider the mining hardware and electricity cost that will run the hardware and cool it whenever required. Calculating Bitcoin Cash Mining Profitability If you are interested in Bitcoin Cash mining , then calculating the mining profitability is the must Continue reading >>

Www.quebex.com - Bitcoin Mining Profitability Calculator

Www.quebex.com - Bitcoin Mining Profitability Calculator

www.Quebex.com - Bitcoin Mining Profitability Calculator www.Quebex.com has seen a surge in users looking to purchase bitcoins for mining contracts, and weve done some investigation into whether our users claims they can make a steady 7% monthly return on investment add up. This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. www.Quebex.com has seen a surge in users looking to purchase bitcoins for mining contracts, and weve done some investigation into whether our users claims they can make a steady 7% monthly return on investment add up. Sadly, we cant find a realistic scenario where mining contracts will be more profitable than holding on to your bitcoins. Weve written a blog about it detailing some of the different ways a contract could pay out over time given different growth rates for bitcoin price and difficulty. Please see our Bitcoin Mining Profitability Calculator here: Realistically, we dont think the network hash rate will stagnate and fees greatly increase, while bitcoin maintains most of its momentum. Its a lovely future to hope for when youre a bitcoin late comer hoping to cash in on some of the unparalleled ROI early adopters saw, but looking forward a couple years we cant imagine $27,000 or higher prices for bitcoin. Although we dont offer investment advice, we are going to advise our clients to read the blog be Continue reading >>

Bitcoin Cash Mining Profitability Calculator

Bitcoin Cash Mining Profitability Calculator

Bitcoin Cash Mining Profitability Calculator If your interested to see how profitable mining Bitcoin Cash can be, this mining calculator is for you. This calculator will give you estimated profits based on several factors, such as the difficulty of Bitcoin Cash and the price against the USD. Simply fill out the fields below, such as hashing rate / hashing power, pool fees if these apply to you, the amount of power usage and power cost in kw per hour. If you don't know this, it can be quite easy to find on an electricity bill from your power company or look online for averages in your area. If you are using your own at home mining rig, enter your hardware cost. If you are using a cloud mining service, enter the cost of the contract. Then click calculate. The results of the calculation are shown below, giving you daily, weekly, monthly and yearly profits. It will also show you how much time, in days, it will take for you to breakeven. This is taking into account your hardware costs or contract costs. Continue reading >>

Bitcoin Cash Mining Calculator

Bitcoin Cash Mining Calculator

Enter hashrate data for responsive chart! Enter hashrate data for responsive chart! Estimated Future {{coinSymbol}} Generated To save your configurations, simply bookmark the page you are on currently (Ctrl + D) or save the URL below! The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. The diff change factor can be disabled by either manually setting it to 0 or clicking a "Use Diff Change" switch found below the graph and in the break-even analysis section. Diff Change value is very large. Future profitability estimates may be inaccurate. Consider making Diff Change smaller or turning off Dynamic Difficulty. Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s. The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. Time to break-even is calculated by comparing your hardw Continue reading >>

More in bitcoin

  • Malta Cryptocurrency Tax

    Home > Sections > Tax & Wealth Management in Malta > FinanceMalta Tax Articles > Cryptocurrencies Tackling Taxation Asp...

    bitcoin Dec 21, 2020
  • Deutschland Bitcoin

    Everybody is talking about bitcoin. But what does a bitcoin mine look like? Find out in our photo blog. more Cryptocurr...

    bitcoin Jan 13, 2020
  • List Of Blockchain Companies

    Richtopias List of Top Blockchain Companies Before we jump on into this article there are a couple things you need to k...

    bitcoin Mar 19, 2020
  • Is Bitcoin Mining Profitable

    Depends on how much hardware you have and the cost of electricity where you'll be mining. If the cost of electricity is...

    bitcoin Mar 13, 2020
  • What Bitcoin To Invest In

    This post will outline some things you NEED to know before you buy. How to buy bitcoins (with credit card or bank accou...

    bitcoin Dec 7, 2019
  • Btc-e Funds

    US Law Enforcement Agencies Take Control of BTC-E Domain The saga involving the BTC-E exchange just keeps thickening as...

    bitcoin Nov 18, 2019
  • How Long Does Crypto Last In A Pool?

    CDC warns of Crypto parasite in pools how to stay safe swimming this MemorialDay Posted 6:18 PM, May 26, 2017, by Grace...

    bitcoin Apr 4, 2018
  • Blockchain Nations

    22 European Nations Come Together with Blockchain Partnership 22 European Nations Come Together with Blockchain Partner...

    bitcoin May 7, 2018
  • Best Bitcoin Cash Wallet

    Bitcoin Cash (BCH / BCC) is a new cryptocurrency that emerged as a result of Bitcoin's hard fork. If you prefer to stic...

    bitcoin Nov 22, 2019