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Bitcoin Profit Simulator

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 >>

Bitcoin Mining Profit Calculator

Bitcoin Mining Profit Calculator

Average time per block (solo mining): 16.1 years Difficulty after 365 days: 5.65670875359e+12. AntMiner U2 USB Bitcoin Miner (2 Gh/s, 1.0 W/Gh) Projected daily difficulty, daily net revenue (revenue minus power cost),and cumulative profit. This calculator estimates profits from bitcoin mining by forecastingcosts 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 byrewarding newly minted bitcoins to users who contribute the computingpower necessary to solve the difficult cryptographic problems requiredto produce the global transaction log.This process is called mining. Future revenues are calculated assuming difficulty changes occurat regular intevals (e.g., 14 days) and that the difficulty aftereach such change is a fixed percentage increase over the previousdifficulty (e.g., 5%).The exchange rate is held fixed, so the assumption is that allBTC revenues are held and exchanged for USD at the end of thetime horizon.Hence, if you expect the exchange rate to rise or fall, enter thevalue 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 remaining default values are fixed.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 kWh.The hashrate, cost, and power consumption of the hardware are taken tobe those of an An Continue reading >>

Can You Be A Bitcoin Billionaire? 5 Risk-free Cryptocurrency Trading Simulators

Can You Be A Bitcoin Billionaire? 5 Risk-free Cryptocurrency Trading Simulators

Can You Be a Bitcoin Billionaire? 5 Risk-Free Cryptocurrency Trading Simulators The bitcoin wave has swelled up higher than ever before, and everyone wants a piece of the action. But do you actually stand to make a profit or will you end up losing your money? These free simulators and games will help you learn about cryptocurrency and try your hand at it risk-free. Cryptocurrency is similar to the stock market, and bitcoin is like a blue chip company. Obviously, there are big amounts of money involved and so you should tread with caution. Before you jump into the market, its smart to do a mock run and see how you would fare. 1. Bitcoin Mining Profit Calculator (Web): The Best Tutorial and Simulator If youre new to the world of cryptocurrency and bitcoin in particular, then this Bitcoin Mining Profit Calculator (BMPC) is where you should start. Its a lot more than a simple trading simulator since it includes a full introduction to bitcoin as well. The website works like an interactive fiction game 5 Great Interactive Fiction Games You Can Play Online Right Now 5 Great Interactive Fiction Games You Can Play Online Right Now Interested in the genre of text-based adventure games? Want to try playing a text-based game? Here are several you can find online right now! Read More . BMPC updates with new tabs and explanations as you click different prompts on the screen, thus making different choices. Dont worry, you wont miss out on any pertinent information, but it will make you aware of the kind of news that affects bitcoins prices as well as the inner workings of the bitcoin community. BMPC is nothing great to look at and plays like a text adventure, but theres nothing wrong with that. This is meant to be an educational game rather than an entertaining one. 2. Bitcoin Hero ( Continue reading >>

Bitcoin Mining Profitability Calculator (+ Beginners Guide To Mining)

Bitcoin Mining Profitability Calculator (+ Beginners Guide To Mining)

Instructions on how to use the Bitcoin Mining Calculator: Enter the hash rate of the Bitcoin miner youre planning to use Note: If some values in the Bitcoin mining calculator dont seem right (exchange rate, block reward, etc.) you can adjust them manually. However normally they are all up to date. Revenue is shown in USD based on the current exchange rate, the exchange rate can (and probably will) change from time to time. Revenue is based on current difficulty to mine Bitcoins. Difficulty can (and probably will) change. From past experience it usually goes up as time goes by. Revenue IS NOT profit. You still have to take into account the cost of your mining hardware and the electricity to run it (and cool it down if needed). If you want to know more about Bitcoin mining profitability check out this page . How to Calculate Bitcoin Mining Profitability Bitcoin mining secures the Bitcoin network. Without miners, Bitcoin could easily be attacked and even shut down. Since Bitcoin miners provide such an important service to the network, they are paid for their services! Each block mined by miners contains a block reward, which is paid out to the miner that successfully mined the block. While mining today is very competitive, it is possible to run a successful and profitable mining farm. This post will outline the many factors that will determine whether or not your mining operation will be profitable. The upfront costs to pay for mining hardware is usually the largest expense for any new mining farm. Just like good computers cost more money, good mining hardware is expensive. The Antminer S7 is one currently the most efficient miner and costs $629. It only mines about $200 worth of bitcoins per month, meaning just based on hardware costs alone it will take more than three m Continue reading >>

Mit Bitcoin Trading Simulation Yields Profit Of 89% In 50 Days

Mit Bitcoin Trading Simulation Yields Profit Of 89% In 50 Days

MIT Bitcoin Trading Simulation Yields Profit of 89% in 50 Days Trading bitcoin profitably remains more of an art than an exact science. On any given day, Reddit is awash with theories explaining bitcoin price movements, ranging from exotic technical indicators to the machinations of FUD (fear, uncertainty and doubt) peddlers. That may change, however, with a new paper that claims to have devised a trading strategy that can produce an 89% return in less than two months. The authors, Massachusetts Institute of Technology associate professor Devavrat Shah and computer science studentKang Zhang, collected data from OKCoin , the world's largest exchange by trading volume, from February to July. They fed the data into a predictive statistical model they have developed and used the results to conduct a simulation of CNY/BTC trades. In the simulation, the trader could only go long or short 1BTC in each trade. The trading simulation, conducted on data taken from 50 consecutive days in May and June, produced highly profitable results. The simulated traderinvested 3,781 yuan and made 2,872 trades. The total cumulative profit was 3,362 yuan, or an 89% return on the amount invested. The trading strategy produced the greatest profits when volatility was high, in the period at the end of May and the start of June, and was still profitable when the price declined steadily at the end of the simulated period. The trading strategy also produced a Sharpe ratio of 4.1, the authors write. Thisexpresses a portfolio's return after adjusting for the risk-free rate of return. A high ratio shows that an investor produced returns while taking on less risk, with scores of three and over beingconsidered excellent. The authors' Sharpe ratio compares favourably to benchmark mutual funds, like the Van Continue reading >>

How To Calculate Estimated Profit Using Hashrate?

How To Calculate Estimated Profit Using Hashrate?

How to calculate estimated profit using hashrate? Profit is calculated via the deduction of expenses from income. The income consists of daily payouts which size depends on the hashrate. In order to calculate an estimated income using the hashrate you will need to include it in one of the calculators below (set all Power values to zero): 3. Ethereum - for ETHASH (set all Power values to zero) 4. DASH - for X11(set all Power values to zero) 5. Zcash - for EQUIHASH(set all Power values to zero) Next, deduct the maintenance + electricity fee of 0.0035 USD per 10 GH/s of SHA-256and0.005 USD per 1 MH/s of Scrypt from the income. ETHASH,X11and EQUIHASH contracts are not subject to any fees. The sum you end up with is your estimated profit. Continue reading >>

This Bitcoin Simulator Is An Insane Trip Through Cryptocurrency Hell

This Bitcoin Simulator Is An Insane Trip Through Cryptocurrency Hell

This Bitcoin Simulator Is an Insane Trip Through Cryptocurrency Hell Although it can be quite scathing, theres a dry sophistication to Bitcoin Mining Profit Calculator: Gaidens takedown of the Bitcoin communitys underbelly. Bitcoin Mining Profit Calculator: Gaiden , the followup to last year's Advanced Bitcoin Simulator , is a satirical, sometimes cryptic free web browser game written by an anonymous artist called Totally Not Satoshi (TNS). Both games, says TNS, are mostly a piss-taking response to fairly uncritical media coverage of Bitcoin last year, and to the more wide-eyed , fleeceable members of the Bitcoin community. You begin the game looking to mine some bitcoins, but first you need some fiat money to buy a miner. Beginning with a text-based game, you proceed to unlock abilities and meet fictionalized versions of Bitcoin figures like Andreas Antonopoulos , "Bitcoin Jesus" Roger Ver , Dorian Nakamoto (the guy Newsweek wrongfully credited with inventing Bitcoin), and a few other surprise characters that Bitcoin news followers will recognize. You'll encounter many challenges along the way to actually making money from your Bitcoin mining endeavours. Indeed, once you advance your story a little, mining becomes secondary, replaced with a grand adventure full of hardware scams, broken promises, Soviet benzodiazepine analogs, secret islands, and begging for Bitcoin tips. The whole game portrays Bitcoin through a lens of cult-like behavior, pump-and-dump market plays, armchair libertarian anti-state mouth-frothing, and naked scamming . Although it can be quite scathing, there's a dry sophistication to Bitcoin Mining Profit Calculator: Gaiden's takedown of the Bitcoin community's underbelly. At a time when even the man behind just-for-fun Dogecoin is leaving the crypto 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 >>

Trading Calculator | Forex Profit / Loss Calculator | Oanda

Trading Calculator | Forex Profit / Loss Calculator | Oanda

1996 - 2018 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this Website are the property of their respective owners. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section here . Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation. OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association . No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database ( IIROC AdvisorReport ), and customer accounts are protected by the Cana Continue reading >>

Alloscomp : Bitcoin Mining Calculator

Alloscomp : Bitcoin Mining Calculator

Got your shiny new ASIC miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected earnings in both Bitcoins and dollars over various time periods (day, week, and month). It will not attempt to extrapolate difficulty or price changes -- it provides only instantaneous calculations (how much you'd make if all conditions remained as they were right now). An API is available at . Next difficulty retarget occurs at block 499967.0 (eta 4.1 days): 2.01341595712e+12 / +26.6% [est.] Continue reading >>

Bitcoin (btc) Mining Calculator & Profitability Calculator - Cryptoground

Bitcoin (btc) Mining Calculator & Profitability Calculator - Cryptoground

How does Bitcoin (BTC) Mining Calculator Works? The Bitcoin (BTC) Mining Calculator works on the simple principle of getting different input related to the mining hardware setup and applying the Bitcoin (BTC) Mining algorithm over it and calculates the amount of Bitcoin (BTC) generated. How can the Bitcoin (BTC) mining profitability be calculated You can use this tool and input all the parameters like hash rate of your mining hardware rig, hourly power consumption of it, pool commission percentage (the pool which you are going to join in the mining), difficulty of the Bitcoin (BTC) network, amount of blocks rewarded, price of Bitcoin (BTC) and once you click calculate it will calculate the hourly, daily, weekly, monthly and yearly profit of the whole mining setup Continue reading >>

Bitcoin Mining Calculator Summary

Bitcoin Mining Calculator Summary

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 wattage and your cost of electricity - dollars per kilowatt hour ($/kWh). The current Bitcoin difficulty, Bitcoin block reward, and Bitcoin price will be entered automatically. Days to generate one block mining solo: 8359.82 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 668.79 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) The estimated expected Bitcoin 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 Bitcoin earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected Bitcoin earnings can vary greatly depending on your luck and stale/reject/orphan rate. 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 >>

Crypto Calculator Crypto-coinz

Crypto Calculator Crypto-coinz

Nvidia Cards / AMD Cards - Select the number of cards you have Exchange buttons - Select the exchanges from which you want to get price information. Major exchanges are used to get BTC price. You can disable exchanges that you don't want to BTC price to be taken from and leave Coin market Cap to use a mean value for the BTC market. Algorithm buttons - activate the algorithms you want to calculate. 1. Revenue $ - Shows the estimate for the next 24 hours based on the information from the last mined block. Information from the last block used is the Global Hash rate. The time for a block from the coins Specifications is used for calculate the profits for the next 24 hours. his is an estimate profit based on the current Global Hash rate, if the hash rate changes, the profit will change too. Coins with volatile networks are expected to jump up and down and occasionally show on top of the list. 2. Revenue $ 24h - Shows the profits from mining the coin for the last 24 hours. The actual number of blocks mined from the network in the last 24 hours is used for the calculation. Information for the Global Hash rate from each mined block is extracted and used to perform the calculation. 3. Miners leaving opportunity - This will sort the coins based on the Loss of Hash rate to their Global Hash rate values. Meaning that you can benefit from getting more coins from the currency you want to build a stack from faster because miners have moved to some other more profitable coin. Although this will not give you the best profit in the present moment, this can help you acquire the coins you want faster and hold them for that Reward - Shows the number of coins that will be mined in the next 24 hours if the Global Hash rate stays the same. Reward 24h - Shows the number of coined that were mi Continue reading >>

Bitcoin Calculator - Investment Return Price Calculator | Bitcoin Ira

Bitcoin Calculator - Investment Return Price Calculator | Bitcoin Ira

The Bitcoin 401k and IRA Comparison Calculator bases it calculations on the spot price for the DOW, Gold and Bitcoin for the period selected, as provided by Blockchain.info, Coindesk, Yahoo! Finance or other third party sources. The Bitcoin 401k and IRA Comparison Calculator also does not factor transaction fees associated with purchasing Bitcoin. Bitcoin IRA does not guarantee that any current or historical information provided by Blockchain.info, Coindesk, Yahoo! Finance, or any other third party sources is accurate. The statements made on this website are opinions and past performance is no indication of future performance or returns. Digital currency, like all investments, carry risk. Bitcoins may appreciate, depreciate, or stay the same depending on a variety of factors. Bitcoin IRA cannot guarantee, and makes no representation, that any investment made will appreciate at all or appreciate sufficiently to make customers a profit. The decision to purchase or sell bitcoin, are the customers decision alone, and purchases and sales should be made subject to the customers own research, prudence and judgment. Continue reading >>

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