How to Calculate the Profitability of Bitcoin Mining ...
Trying to calculate bitcoin mining profitability but im not getting it right. How can i do it with these hardware specs?
PC specs: nvidia geforce 830m intel core i7-5500U CPU 2.40GHz *No costs with energy I tried to calculate on online tools but i must be doing something wrong because all of them are giving me wrong values (there are some fields that i dont know their meaning like Hashing Power,Polling Fee,Bitcoin Difficulty, Hash Rate, Block Reward, etc... )
Google sheet to auto-magically calculate bitcoin mining profitability
Hi guys, For my own amusement, I made a spreadsheet that calculates whether the bitcoin network as a whole is in profit, based on the total network hash rate, assumed electricity price in China and the cost per bitcoin. The drop down menu lets you select from the different mining rigs (I used figures on what google told me were the latest and greatest asics). Clearly these are some rough calculations but let me know if you spot any glaring mistakes. Remember you can make you own copy of the spreadsheet to edit the numbers which aren't drop downs. https://docs.google.com/spreadsheets/d/1mcYJsmWX2DPUyWbfNSydInpPALJ5tLrWUhJM_X9JEtI/edit?usp=sharing.
I have a few questions about mining in the UK. If I spent ~12k gbp / 16k usd on mining equipment (4 - 5 antminer S9), what kind of return would I get on them? From what I can tell using online calculators: each ant miner has a minimum of 11.5 TH/S of hashing power @ 1127W. Electricity price is approximately 20cents per hw/h (0.16gbp kw/h). At current prices, this would net ~9k usd a year / 6.7k gbp per miner - so if bitcoin stagnates at this price for a year, you'd still get a return of ~3x on the cost of the unit? Is the amount of btc you receive constant until the next halving in 2020? So at 11.5th/s you'd be expected to get 0.66 btc per year til 2020? Is anyone here successfully mining in the UK? Would it be worth waiting for the next iteration of the antminer series? Or perhaps its cheaper to purchase many old miners?
04-04 10:34 - 'Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool' (medium.com) by /u/bitentrepreneur removed from /r/Bitcoin within 37-47min
We are pleased to announce the availability of a new mining profit calculator, the Bitcoin Mining Profit Calculator: Gaiden. Based on the same cutting-edge technology as last year's Advanced Bitcoin Simulator, our announcement has already been deleted a couple of times on bitcointalk. Certain advanced features of the calculator require a recent browser. Tested on recent versions of Chrome, Firefox, and IE. Not really suited for mobile devices. Comments welcome.
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