Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: 420 on November 13, 2012, 02:00:32 AM



Title: Formula to calculate litecoins generated per day by hashrate
Post by: 420 on November 13, 2012, 02:00:32 AM
Solved thanks to dust (https://bitcointalk.org/index.php?action=profile;u=1996)

Code:
block_reward/(difficulty*2^32/hashs_per_sec/3600/24)

Code:
50/(18.48285344*2^32/100000/3600/24) = 5.442 LTC/day


Without any fees, what is the calculation for how many litecoins you can make per day?

KNOWNS:
hashrate
difficulty

WANTED:
Litecoins per day produced

for example if I have 100khash/s divide by today's difficulty (18.48285344), that gets:
5.4104200049318791763356643269471

But using a calculator: http://www.litecoinpool.org/calc
5.44195399 LTC is what is says I'll get in one day

so the divide I did above is very close but not exactly the right formula

So what is the right formula?


Title: Re: What is formula for how much litecoins per day I'd get
Post by: jasinlee on November 13, 2012, 02:53:19 AM
You need to bare in mind that is an estimate. That changes if you luck out and solve a block immediately.


Title: Re: What is formula for how much litecoins per day I'd get
Post by: 420 on November 13, 2012, 03:42:33 AM
You need to bare in mind that is an estimate. That changes if you luck out and solve a block immediately.

yeah. i'm using pool anyway


Title: Re: What is formula for how much litecoins per day I'd get
Post by: dust on November 13, 2012, 06:48:47 AM
Code:
block_reward/(difficulty*2^32/hashs_per_sec/3600/24)

Code:
50/(18.48285344*2^32/100000/3600/24) = 5.442 LTC/day


Title: Re: What is formula for how much litecoins per day I'd get
Post by: 420 on November 13, 2012, 07:38:54 AM
Code:
block_reward/(difficulty*2^32/hashs_per_sec/3600/24)

Code:
50/(18.48285344*2^32/100000/3600/24) = 5.442 LTC/day

sweet, thanks

I was very close with a simple: (khash/difficulty)*1.0058