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 $200 worth of bitcoins per month, meaning just based on hardware costs alone it will take more than three m Continue reading >>
Bitcoin Mining Calculator Summary
Bitcoin Mining Calculator and Profitability Calculator Bitcoin Mining Calculator is used to calculate mining profitability for Bitcoin mining. Enter your Bitcoin mining hardware hash rate in GH/s along with the power wattage and your cost of electricity - dollars per kilowatt hour ($/kWh). The current Bitcoin difficulty, Bitcoin block reward, and Bitcoin price will be entered automatically. Days to generate one block mining solo: 172.95 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 6.92 Day(s) (can vary greatly depending on the current exchange rates) Days to break even: 121.23 Day(s) (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 >>
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 >>
Explaining Hash Rate Or Hash Power In Cryptocurrencies
Explaining Hash Rate Or Hash Power In Cryptocurrencies By: Sudhir Khatwani In: Bitcoin Last Updated: If you are new to the world of cryptocurrencies, I guess you would have heard this number of times that Bitcoin s hash rate, also referred to as hash power, has increased or come down. Does the term make you wonder what it actually means? I actually used to wonder in my initial days as to what Bitcoins hash rate/power actually means. And eventually, after learning a lot of stuff about Bitcoin, I was able to understand the reference. Hash rate or hash power is something very critical and integral to Bitcoins network for a number reasons, that I will explain further in this article. But before that, it is very important that one understands what this actually means because by doing so one will be able to naturally understand why this hash rate/power matters so much. Note: Hash rate/ hash power is used in every cryptocurrency that is proof of work but for this example, I am using Bitcoin because most of us naturally connect to this cryptocurrency. Hash Rate, also Hash Power, is the measuring unit that measures how much power Bitcoin network is consuming to be continuously functional. By continuously functional I mean how much hash power is it consuming to generate/find blocks at the normal mean time of 10 minutes. If you remember, in my previous article What is a Bitcoin hash I explained thoroughly that Bitcoin network consumes a lot of energy because it has to solve mathematical intensive computations regularly to find the blocks. These computations for finding the blocks are basically mathematical puzzles that a miner cannot just guess without a lot of computation. To successfully mine a block, a miner needs to hash the blocks header in such a way that it is less than or Continue reading >>
Bitcoin Mining Gh S - Your Query All Warez On Site Notar-goetzis.at
Sheila McIlraith, University of Toronto, Winter bitcoin mining gh s 2 CSC384: Intro to Artificial Intelligence Winter 2011 Instructor: Prof. Best artificial intelligence books Help identify the best books ever written featuring artificial intelligence. date introduction to the theory and practice of artificial intelligence. book by Elaine Rich, Kevin Knight and Shivashankar B Nair is being taught in several bitcoin mining gh s universities around the world. He has published over 100 papers on a wide range of topics in artificial intelligence. books and guides on Artificial Intelligence now. Introduction to Artificial Intelligence. Machine Learning in Best Sellers. Techniques in Artificial Intelligence Computational 1 free bitcoin of human behavior. Looking for books on Artificial Intelligence. There are many great sources of information on AI. It is my great pleasure to write the foreword for this excellent and timely book. Introduction artificial intelligence pdf. Free AI and Robotics Books. Manny said: This monumental work, which completely dominates the AI textbook bitcoin mining gh s, has been c. artificial intelligence Download artificial intelligence or read online here in PDF or EPUB. ebook artificial intelligence pdf in PDF Format. Download Artificial Intelligence: A Modern Approach by Stuart Russel, Peter Norvig 2015 Pdf Book ePub. Please click button to get artificial intelligence book now. ratings and 97 reviews. Find great deals on eBay for buck doe necklace and couples necklace. as giving the fee to miners would enable larger miners to register names at a significant discount. is a cryptocurrency and the first fork of the bitcoin software. P Compacto Vult ideal para finalizar a maquiagem da pele, promove acabamento aveludado e remove o brilho do bitcoin mi Continue reading >>
New High :hashrate 3,030,740,624 Gh/s - Bitcoin
Compare the Bitcoin network to the legacy fiat network. Include every bank building and skyscraper and their construction costs, the operation of the Federal Reserve (and every other countries equivalent), all bank employees and their cars and commuting time, and so many more factors, all just to "secure" the fiat money system worldwide. Bitcoin does this with many fewer resources. 3,030,740,624,000,000,000 hashes are attempted per second. Impossible to know the exact cost of electricity for that much crunching, but it's a lot no doubt. The network can handle 5 transactions per second. Mining rewards are relatively high ~18.50 usd / second? Wondering about the total cost of running the network here, I'm guessing it's A LOT more than what Bitcoin is currently bringing in. Bitcoin's value absolutely must increase for this to be sustainable (or tx/sec). Please correct me if I am wrong. With 3 exahash = 3000 petahash = 3 million terahash = 3 billion gigahash, the current hashrate, if it were all 16nm equipment maybe 0.15J/GH then maybe 450MW and $500m worth of equipment. Probably more on both because of mixed generation equipment. Say electricity cost 3c-5c/kWh so maybe $120m-$200m/year electricity. And $600m/year subsidy from bitcoin mining + fees at current $925/BTC, maybe fees are $50m/year +/- (at 0.8BTC/block) though that will probably fall once segwit and lightning are active, or at least more transactions and hence more utility value will be derived. It's a self-regulating system. If mining produces a loss, miners will switch off/go out of business which will drop the difficulty level until it reaches an equilibrium. Do you think it's possible that miners are currently taking a loss and supplementing their losses with loans/investments in hopes that bitcoin's price Continue reading >>
Is It Good To Enter Into Bitcoin Mining With A 5 Gh/s Miner? Will It Return A Good Profit (like $100-$150), Or Should I Try Something Else?
Is it good to enter into Bitcoin mining with a 5 Gh/s miner? Will it return a good profit (like $100-$150), or should I try something else? Answered Jun 2, 2017 Author has 126 answers and 108.2k answer views I would rather recommend to cloud mine instead of buying hardware yourself. Buying hardware is much expensive and has many disadvantages over cloud mining. But yes, please be very very careful about choosing bitcoin cloud mining. Most of them are scams. So, do enough homework first before being trapped by marketing people. Here are some tips : Dont fall in trap with binary tree business model. It will haunt you in making members more than bitcoin mining! Go for transparent system. Contracts and fees should be published publicly. Not like someone giving you by mail in person. Always run background check on owner of cloud mining. They should be verifiable identities. Check customer support, how promptly they respond and how detailed and genuine information they provide. So, far I could find only 2 of them to be reliable. Hashflare (Its transparent. Sign up is free and you can get panel access immediately to take a look. Then you can decide whether to invest of not. Please refer below process to get 3% discount) Genesis Mining ( User code mpltFP to get 3% discount on your hash-pack purchase) (Genesis stopped selling bitcoin mining contracts. So this is not an option right now.) Sign up using this VIP referral link : VIP Referral Link It will allow signup for free without buying anything Then when you place order, use this code HF17VIP3 and you will see "VIP Referral Discount 3%" on screen. Congrats!... you have successfully availed VIP referral discount! Please note that above discount is subjected to limited stock and will discontinue as stock consumed. I have writte Continue reading >>
How Much Gh/s Is Needed To Make Around 0.5 Btc Day?
How much GH/s is needed to make around 0.5 btc day? As title says my question is for mining bitcoins how much GH/s is needed to mine about 0.5 btc day. Quote from: Jayzzz on April 16, 2015, 06:06:23 PM As title says my question is for mining bitcoins how much GH/s is needed to mine about 0.5 btc day. Quote from: Jayzzz on April 16, 2015, 06:06:23 PM As title says my question is for mining bitcoins how much GH/s is needed to mine about 0.5 btc day. According to Bitcoin Mining Calculator , it would take around 50 Ths or 50,000 Ghs to mine 0.5 BTC/day. If you are buying a Bitcoin Mining contract, it would cost you 40 BTC @ 0.0008 BTC/Ghs. Thanks you guys for your reply this community is very helpful. I am gonna mine through cloudminr.io what you guys say about it I did asked some people about it they are saying cloudminr.io is the most trusted one. Thanks you guys for your reply this community is very helpful. I am gonna mine through cloudminr.io what you guys say about it I did asked some people about it they are saying cloudminr.io is the most trusted one. www.cloudminr.io & www.cloudmining.website started operation almost at the same time. Both are trusted and running longer than five months now. If you buy less than 1 Ths, then cloudminr.io is cheaper. If you buy more than 1 Ths, then cloudmining.website is cheaper. Actually i think cloudminr is cheaper if you buy bigger amounts because you get VIP price after a certain amount. I have been this far pretty satisfied with cloudminr.io every sunday night i get paid like clockwork. Also has neat option to auto buy new and often they offer big discounts. up to 30% sometimes. They do not pay insane high amounts, but after i made my initial ROI i will add more and new power as soon as i can. So the payouts are weekly so you Continue reading >>
"bitcoin Is Not Yet Legal" - Bank Of Ghana
"Bitcoin is not yet legal" - Bank of Ghana The Bank of Ghana has announced that trading and using the popular cryptocurrency known as Bitcoin in the country is not yet legalbecause it is not recognized as a legitimate form of currency in the country. The Governor of Ghana's central bank, Dr Ernest Addison at a media briefing to conclude the Monetary Policy Committee (MPC) annual meetings on Monday, January 22 in Accra said the necessary regulations to support the use of Bitcoin and other cryptocurrencies currently do not exist in the country. Get Digital Versions of Graphic Publications by downloading Graphic NewsPlus Here. Also available in the Google Play Store and Apple App Store All mediums of exchange in the country must be approved by the Bank of Ghana and there is currently a Settlements and Payments bill before Parliament which will cater for the use of cryptocurrencies in the future. However, before that bill is passed by Ghanaian lawmakers,the country joins a list of six countries that have outlawed the cryptocurrency. The remaining countries are Morocco, Bolivia, Ecuador, Nepal and China. Bitcoin is very popular in Ghana and in April 2016, a cursory glance at the Google Trends for the term Bitcoin ranked Ghana at number one in the world at 100% interest . The vice president of Group Nduom, Papa-Wassa Chiefy Nduom recently urged the Bank of Ghana to diversify its investments by placing one percent of its reserves in Bitcoin. Mr Ndoum, the son of former Progressive Peoples Party (PPP) presidential candidate Dr Papa Kwesi Nduom said, I dont think its a gamble, I think every investment is a gamble, getting out of your bed in the morning is a gamble. If you are completely preoccupied with risk you wont do anything in terms of managing reserves there is potentiall Continue reading >>
Definitions | Bitcoin Simplified.
Address A Bitcoin address is a unique string of 27-34 alphanumeric characters. An address can be created freely with the use of a wallet and always starts with a 1 or a 3. Alternate Currencies There are many different alternative currency that have sprung up based off of the idea and/or basic code of Bitcoin. A few of the more notable ones are litecoin, namecoin, PPCoin, and Ripple. To learn more about these, please visit our alternate currencies page. ASIC Application-specific Integrated Circuit, an ASIC is the current top of the line technology used in Bitcoin mining. It is able to generate orders of magnitude more hashes per watt of power than the next best technology. For greater detail, please see the hardware page. Block A block is a unit of the code the comprises the bockchain. It is the record of transactions that have occurred since the last block was created and a confirmation to previous transactions. Each block links to the block before it, thus creating a full chain back to the original or genesis block. Blockchain the public record of all bitcoin transactions. The blockchain may be viewed by anyone and can be used to determine how many bitcoins were attached to any one address at a given time. One place to be able to easily view this information is blockchain.info Cold Storage This is the process of moving your bitcoins to an offline wallet. The benefit of this is that no one can hack into your computer and steal your private keys if your computer is not connected to a network. Bitcoins will need to be brought back out of cold storage to be spent or transferred again. Difficulty this is the measure of how hard it is to generate a new block in the blockchain. The difficulty is designed to adjust every 2,016 blocks (roughly 2 weeks) to balance out the rate Continue reading >>
Bitcoin Cash Transaction Per Second Ethereum Miner 1 Gh
Bitcoin Cash Transaction Per Second Ethereum Miner 1 Gh Because it Knc Cloud Mining Review Is Mining Cryptocurrency With A Raspberry Pi3 Profitable attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site the association bonus does not count. It is because of the sole reason t Read More. After Charlie dumped his litecoin I did as. Scrypt The scrypt Taas Cryptocurrency Raspberry Pi Ethereum Mining Cluster favours greater amounts of RAM and parallel Hashflare Please Enter Verification Code How To Make The Most Profit Ethereum Mining ability, which is why GPU-based rigs are still the way to go. No not Moore's law. Tickets are selling fast. Before you go a bit too far with Bitcoin, it is important to consider the fact that it is not really. Number 1 reason Bitcoin Cash wont be the first global currency: But I don't even consider finney attacks because they are simply not profitable. You can input parameters such as equipment cost, hash rate, power consumption, and the current bitcoin price, to see how long it will take to pay back Cryptocurrency Research 2018 How To Show Private Keys Ethereum Wallet investment. But people are demonstrating working big blocks up to 1 GB, which will go a long way. Furthermore, ASICs for scrypt have yet to take off, so the difficulty level of those currencies has not been pushed up as dramatically as has been the case with bitcoin. One of my favourite in weeks. And in case of a double-spend, at least the merchant will know they were duped within an hour or so. How to Calculate Mining Profitability. I can never stop laughing at the notion that people are unironically advocating for TB blocks today. Start Bitcoin Cash Mining with Hashgains. This is reason enough why you should start Continue reading >>
What Is The Difference Between Kh/s, Mh/s, And Gh/s?
I started mining on a friend's computer and it shows 300 kH/s. But when I research other peoples' hash rates I usually see MH/s. Are these speeds the same as kilobytes and megabytes? Also, when I say 300 kH/s does that mean 300,000 Hashes generated per second? en.wikipedia.org/wiki/SI_prefix dchapes Apr 5 '13 at 21:43 Yep your correct. If you really want a brain dead way of approaching this just use wolfram alpha and substitute hash with meters. wolframalpha.com/input/?i=1+Tm%2Fs+to+Gm%2Fs boyfarrell Feb 1 '14 at 6:17 1 kH/s is 1,000 hashes per second (sometimes mistakenly written KH/s). 1 GH/s is 1,000,000,000 hashes per second. 1 TH/s is 1,000,000,000,000 hashes per second. 1 PH/s is 1,000,000,000,000,000 hashes per second. Mining capability is measured in the number of attempts to find a block a miner can perform. Each attempt consists of creating a unique block candidate, and creating a digest of the block candidate by means of the SHA-256d, a cryptographic hashing function. Or, in short, a hash. Since this is a continuous effort, we speak of hashes per second or [H/S]. 1 kH/s is 1,000 (one thousand) hashes per second 1 MH/s is 1,000,000 (one million) hashes per second. 1 GH/s is 1,000,000,000 (one billion) hashes per second. 1 TH/s is 1,000,000,000,000 (one trillion) hashes per second. 1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second. 1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second. 1 TH/s = 1,000 GH/s = 1,000,000 MH/s = 1,000,000,000 kH/s The denomination of hash rates follows the International System of Units (SI) . Hereby, the prefixes kilo-, mega-, giga-, tera-, peta-, exa-, each translate to an increase by a factor of one thousand. Please note, that the symbol for kilo- is a lower-case "k". As "K" is the symbol for k Continue reading >>
How To Get Started With Bitcoin Mining.
Before you read further, please understand that most bitcoin users don't mine! But if you do then this Bitcoin miner is probably the best deal. Bitcoin mining for profit is very competitive and volatility in the Bitcoin price makes it difficult to realize monetary gains without also speculating on the price. Mining makes sense if you plan to do it for fun, to learn or to support the security of Bitcoin and do not care if you make a profit. If you have access to large amounts of cheap electricity and the ability to manage a large installation and business, you can mine for a profit. If you want to get bitcoins based on a fixed amount of mining power, but you don't want to run the actual hardware yourself, you can purchase a mining contract. Another tool many people like to buy is a Bitcoin debit card which enables people to load a debit card with funds via bitcoins. Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with everyone on the network to earn bitcoins. Faster Bitcoin mining hardware is able to attempt more tries per second to win this lottery while the Bitcoin network itself adjusts roughly every two weeks to keep the rate of finding a winning block hash to every ten minutes. In the big picture, Bitcoin mining secures transactions that are recorded in Bitcon's public ledger, the block chain. By conducting a random lottery where electricity and specialized equipment are the price of admission, the cost to disrupt the Bitcoin network scales with the amount of hashing power that is being spent by all mining participants. During mining, your Bitcoin mining hardware runs a cryptographic hashing function (two rounds of SHA256) on what is called a block header . For each new hash that is tried, the mining software will use a diff Continue reading >>
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 >>
Electricity Cost Of 1 Bitcoin (sep 2017) - Gregory Trubetskoy
How much does it cost in electricity to mine a Bitcoin? As of Sep 28, 2017, according to blockchain.info the hashrate is:9,214,860,125 GH/s. These days it seems that the best miner available for sale is theAntMiner S9. It is actually over a year old, and there are faster andmore energy efficient ASICs now, e.g. BitFury, but it is very hard toget any information on those, so we will just use the S9 information. The S9 is capable of 12,930 GH/s. The collective Bitcoin hash rate isequivalent to 712,672 S9 miners running in parallel. An S9 uses 1375W, which means that in 1 hour it consumes 1.375 kW/h. In USA, a kWh costs $0.12 on average. (It can beas low as 0.04, according to this EIA chart .) At 12c per kWh a running S9 costs $0.165 per hour. 712,672 running S9s would cost $117,591.02 per hour. Bitcoin blocks are solved at 6 per hour on average. Thus, each blockcosts $19,598.50 to solve. The current mining reward is 12.5 BTC, which gives us the answer: At \$0.12 kW/h a Bitcoin costs \$1,567.88 to mine. At \$0.04 kW/h a Bitcoin costs \$522.62 to mine. This, of course, does not include hardware and other costs. Its quite likely that the largest mining operations pay even lessthan $0.04 for electricity and the hardware they use is many timesmore efficient. While grosly inaccurate, this shows that mining is quite profitable,and that Bitcoin price would have to fall a lot for mining to stopbeing profitable. Current difficulty is 1103400932964, The difficulty before that was922724699725. Difficulty adjusts every 2,016 blocks, which is about two weeks. The Difficulty number is a coefficient of the difficulty 1 target,i.e. where the hash has to begin with 4 zero bytes (32 zero bits). Itmeans is that it is N times harder than 1 target. We can see that at the last adjustment it we Continue reading >>