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Ethereum Difficulty Calculator

Etherum(eth) Mining Calculator

Etherum(eth) Mining Calculator

This calculator is based on a simple formula described in this thread . Now the ethereum calculator gets the latest network hash rate from etherchain.org and the eth price from etherscan.io . The average blocktime represents the time in which a new block is generated and for each block 5 ETH are generated. Statistically you will be able to estimate how many ethercoins are generated by you given the fact that you know the whole network computing power. It's your part of the pie. That means for each 17.84 seconds (assuming thats the average time until a new block is generated) you get 5 ETH * 25Mh / 591.2GH. But remember this is an average. The estimation should be quite exact for the near future but if you want to estimate for longer term there is much uncertainty regarding how those variables evolve(Average Block Time, Average Network Hashrate). For longer term prediction values are calculated based on anticipated network hashrate considering the evolution for the next 6 month will be similar as the one for the last 6 months . The processing power of the cards is added from the spreadsheet shared in the thread mentioned above. The consumption is taken from the same place or from and the price is manually taken from amazon and neweggs(depending where is cheaper, the links contains affiliate code). Continue reading >>

Ethereum Mining Profitability Calculator

Ethereum Mining Profitability Calculator

This calculator is designed to help you see how profitable Ethereum mining can be for you. Input your information, such as hashing power/hash rate and any pool fees you may have. If you're using your own mining rig, input your hardware costs, power usage and power price, in kw per hour (you can find this on your electricity bill, or search online for state averages if you're unsure). Then hit calculate. The estimated result is based on the current ETH to USD price, as well as the mining difficulty. There are results for daily, weekly, monthly and yearly profits, as well as how much time, in days, it will take to break even on either your contract price or the cost of your rig. Continue reading >>

Eth Mining Calculator

Eth Mining Calculator

There are three ways you can mine Ethereum; each has its perks and demerits, they are solo mining, pool mining and outsourced (cloud) mining. Solo mining might have the best payout of the three methods if you have the financial power to invest in several GPUs and pay mammoth electricity bills. To carry out solo mining successfully, you need to hit at least 100 mega hashes per second and this hash rate will increase as difficulty rises. However, you get all the rewards; they include payment for uncles on top of your earnings. Cryptocurrency mining pools are popular among ETH miners because they allow you to mine ether with a modest hash rate. The hash rates of each miner in the pool aggregate to a level where members earn ETH profitably. The amount you earn is pegged on the speed or hash rate you have contributed. You receive you pay when the amount has reached a payout amount, which is decided by the pool. Pool fees are usually pegged as a percentage and you have to foot the payout costs, which will be deducted from your earnings. While mining from a pool is advantageous if you dont have the heavy mining hardware, the rewards and the pay you get might not be equal to what youd have received if you mined solo. Some pools may pay you, plus all rewards while in others you might not get paid for uncles. This is outsourcing the mining. Cloud mining companies will charge you a fee, usually for a fixed-term contract. A short contract might be one year.Cloud mining is profitable because the GPUs are bought in bulk, hence at discounts. They have the option to base operations overseas, in countries where electricity costs are low.You can get a smart deal if the company hedges you against the fluctuations in the market. These companies also guarantee that the system is always onl Continue reading >>

How Is The Mining Difficulty Calculated On Ethereum?

How Is The Mining Difficulty Calculated On Ethereum?

Having read various pieces of documentation, it's still not completely clear to me what dictates the difficulty rise, and how Ethereum difficulty levels differ to Bitcoin. In the past week difficulty has jumped from around 11 to over 17, whilst GH/s has fluctuated between 800.00 - 1400.00 but with no clear correlation between the two. Has the "difficulty bomb" now been introduced? And if yes, is there any way for approximating or calculating how much difficulty will likely rise by in the next 6-12 months? Related: If Serenity / PoS is unlikely to be introduced until early next year, has there been any suggestion from the dev team that the effects of this "difficulty bomb" will be reduced in either the homestead or metropolis releases? From : Mining difficulty is calculated from the time difference between blocks. The exact formula will change in Homestead. The symbol // in the following denotes integer division. block_diff = parent_diff + parent_diff // 2048 * (1 if block_timestamp - parent_timestamp < 13 else -1) + int(2**((block.number // 100000) - 2)) block_diff = parent_diff + parent_diff // 2048 * max(1 - (block_timestamp - parent_timestamp) // 10, -99) + int(2**((block.number // 100000) - 2)) The problem with the frontier formula and the reason for the change was that the frontier version doesn't take into account how far off from 13 seconds the block time was. A block mined 1 second after the previous one has the same effect on the difficulty as one mined after 12 seconds. This causes block difficulty to adjust to a median block time rather than a mean. Again, check out the EIP for more details. Apologies that I lack the the knowledge but how exactly would I use this to calculate? Seeing the difference "< 13 else -1" vs "// 10, -99" it's not clear to me what the Continue reading >>

Ethereum Mining Calculator

Ethereum 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 >>

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable and Worth it in 2017? As the price of Ethereum hovers around $300, you may be wondering to yourself whether or not its worthwhile to begin mining. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. There are three important factors to consider when figuring out if Ethereum mining will be profitable for you: Putting it simply, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network, this difficulty increases. The Ethereum mining difficulty had been steadily increasing since July but recently dropped from a high of ~3,000T to ~1,500T. This dip was caused by the Byzantine fork but isnt as advantageous as it seems. Even though the difficulty decreased, the block reward also decreased from 5 ETH to 3 ETH effectively canceling out any benefit from the difficulty change. You can view the past and current difficulty on the Ethereum network at CoinWarz . The hash rate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. New miners are constantly entering the market with better and faster hash rates. Theres more to buying a miner than just picking the one with the highest hash rate, though. Miners with a high hash rate usually come with a high price tag. On top of that, they also typically use more electricity as they operate which could further drive your c Continue reading >>

Ethereum Difficulty Historical Chart

Ethereum Difficulty Historical Chart

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How Difficulty Adjustment Algorithm Works In Ethereum

How Difficulty Adjustment Algorithm Works In Ethereum

How Difficulty Adjustment Algorithm Works in Ethereum In order to explain the logic of difficulty adjustment, we will use the go implementation of Ethereum which is generally called Geth. Source code of Geth can be found here. Difficulty adjustment algorithm is coded inin block_validator.go file, which can be found here. By difficulty adjustment we mean the logic in Ethereum using which Ethereum tries to keep mining time of the blocks between 10 to 19 sec. If difference in mining time is between 0 to 9 sec. then Geth tries to increase the difficulty to mine the block and if difference is 20 sec. or more, then Geth tries to reduce the mining difficulty of the system. In block_validator.go file, function CalcDifficulty is called to adjust the difficulty of the system and it returns the difficulty of the next block when it will be created. This function, in return, calls calcDifficultyHomestead or calcDifficultyFrontier depending on the configuration parameters. Latest version of Ethereum uses calcDifficultyHomestead function, therefore we will be reviewing calcDifficultyHomestead function. In order to calculate the difficulty of the new block, this function needs following input parameters: time Proposed time of formation of new block parentTime Time of formation of parent Block parentNumber Parent block, block number. Below is step by step process how difficulty of new block gets created. 1. First, difference between time of formation of parent block and new block is calculated. 2. Output of step 1 is then divided by 10 and integer of it is stored. This is done to create ranges. If output of step 1 is between 1 9 then output of this step will be 0. If output of step 1 is between 10 19 then output of this step will be 1. If output of step 1 is between 20 29 then output o Continue reading >>

The Mystery Behind Blocktime

The Mystery Behind Blocktime

Identity Evangelist, Author, Blogger, Developer, Blockchain Enthusiast, Senior Director of Security Architecture at WSO2, Apache WS Committer, Axis PMC Member Block time defines the time it takes to mine a block. Both in bitcoin blockchain and ethereum blockchain, there is an expected block time, and an average block time. In bitcoin, the expected block time is 10 minutes, while in ethereum it is between 10 to 19 seconds. Both bitcoin and ethereum, at the time of this writing use a proof of work based distributed consensus algorithm (ethereum is planned to move to a proof of stake based algorithm with its serenity release). The expected block time is set at a constant value to make sure, miners cannot impact the security of the network by adding more computational power. The average block time of the network is evaluated after n number of blocks, and if it is great than the expected block time, then the difficulty level of the proof of work algorithm will be reduced, and if it is less than the expected block time then the difficulty level will be increased. Thats the core design principle behind block time, but you will see as we proceed, how bitcoin and ethereum differentiate themselves from each other. The level of difficulty varies with the time, as per the following formula. It tries to evaluate the speed of the mining network and find out how much it deviates from the expected level. The expectation is to mine a block in 10 minutes. For example, if the average speed of mining the last 2016 blocks is 8 minutes then the new difficulty factor will be greater than one, so the current difficulty level will be increased. In case the average is above 10 minutes, then the factor will be less than 1 and the difficulty level will be decreased for the next 2016 blocks. The d Continue reading >>

700 Mh , Solo Or Use A Pool (ethereum)

700 Mh , Solo Or Use A Pool (ethereum)

As title, I expect a block every 0.97 days but as we know, That can vary, A lot. 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Pool. Mining solo is all about luck. With the difficulty increasing, it will become harder and harder each day to mine it. Calculate how much ETH you would get per day from pool mining, and compare it to the stats you have got from the solo mining calculator. Wish you the best! Quote from: 20kevin20 on July 16, 2016, 07:01:22 PM Pool. Mining solo is all about luck. With the difficulty increasing, it will become harder and harder each day to mine it. Calculate how much ETH you would get per day from pool mining, and compare it to the stats you have got from the solo mining calculator. Wish you the best! I agree with it. I don't recommend solo that it requires the right setting for you to have a block. It is very hard for the noobs to adjust their own geth server and update their nodes especially if they do no know the right setting for this. But, solo mining gives higher return if all settings are perfectly modified. Now, when it comes to pool mining, you will not have to calibrate the settings as they are the one who will do it. Of course, the returns are much lower compared to a solo mining that is perfectly set. But the risk of not getting a block is lower. As someone who usually solo mines it really depends on your internet connection and your ability to administrate your servers, miners, and the environment If you have low latency to most servers and high upload + download, then I'd say solo mine. Solo mining involves keeping your server up, keeping the power on, keeping the miners up, monitoring Continue reading >>

Eth Profitability Calculator That Predicts Difficulty Growth ? : Ethermining

Eth Profitability Calculator That Predicts Difficulty Growth ? : Ethermining

How to take into account the difficulty growth when calculating the profitability for the next six month ?I started to mine 2 months ago and I was making 5ETH/day. No, only around 3.3 max despite the fact that I have improved my setting. I admit that I didn't anticipate such an exponential raise in the difficulty. If it continues, I will produce 1.5 ETH/day which is the threshold where I will consider halting the mining rigs. What is your feeling/prediction about difficulty growth ? Is it likely to stabilize at a predictable time ? My goal is to accumulate the maximum of Ether before the switch to PoS. Should I switch to another currency (an alt coin based on ETH) and converts immediately to ETH ? Continue reading >>

Advanced Ethereum Mining Calculator | 99 Bitcoins

Advanced Ethereum Mining Calculator | 99 Bitcoins

Ethereum mining calculator powered by Instructions on how to use the EthereumMining Calculator: Enter the hash rate of the Ethereumminer youre planning to use Note: If some values in the Ethereummining calculator dont seem right (exchange rate, block reward, etc.) you can adjust them manually. However normally they are all up to date. Earningsare shown in USD based on the current exchange rate, the exchange rate can (and probably will) change from time to time. Profitis based on current difficulty to mine Ether. Difficulty can (and probably will) change. From past experience it usually goes up as time goes by. EarningsIS 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). Continue reading >>

How I Should Use The Difficulty Factor To Calculate The Ethereum Mining Profit?

How I Should Use The Difficulty Factor To Calculate The Ethereum Mining Profit?

How I should use the difficulty factor to calculate the ethereum mining profit? you can use it in this way, here a simple example: netHashGH = (current.difficulty / current.blockTime) / 1e9yourRatio = your.MHashRate * 1e6 / (netHashGH * 1e9)blocksPerMin = 60.0 / current.blockTimeethPerMin = blocksPerMin * 5.0youtEthPerHour = yourRatio * (ethPerMin * 60) Continue reading >>

Ethereum Mining Calculator And Profit Calculator

Ethereum Mining Calculator And Profit Calculator

Ethereum Mining Calculator and Profit Calculator Warning: The coin daemon or block explorer is offline which may cause out dated estimated expected cryptocurrency earnings to be displayed. Days to generate one block mining solo: 177.94 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 1327.20 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 >>

Ethereum (eth) Mining Calculator & Profitability Calculator - Cryptoground

Ethereum (eth) Mining Calculator & Profitability Calculator - Cryptoground

How does Ethereum (ETH) Mining Calculator Works? The Ethereum (ETH) Mining Calculator works on the simple principle of getting different input related to the mining hardware setup and applying the Ethereum (ETH) Mining algorithm over it and calculates the amount of Ethereum (ETH) generated. How can the Ethereum (ETH) 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 Ethereum (ETH) network, amount of blocks rewarded, price of Ethereum (ETH) and once you click calculate it will calculate the hourly, daily, weekly, monthly and yearly profit of the whole mining setup Continue reading >>

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