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Title: How do you calculate your mining profitability ? Post by: dorift_it on May 13, 2013, 07:28:01 PM considering all the factors, what and how are you calculating your profitability ? What returns are you expecting on your money in the next few months ?
Title: Re: How do you calculate your mining profitability ? Post by: Trongersoll on May 13, 2013, 08:31:50 PM heh, I call my mining a Hobby. Hobbies are notorious money pits. No profit expectations. heh.
Title: Re: How do you calculate your mining profitability ? Post by: Korbman on May 13, 2013, 08:33:20 PM considering all the factors, what and how are you calculating your profitability? https://en.bitcoin.it/wiki/Profitability_Calculator Title: Re: How do you calculate your mining profitability ? Post by: Teka on May 13, 2013, 08:33:58 PM I use http://dustcoin.com/mining because it lets you calculate the profitability of mining other coins such as Litecoin or Bytecoin.
Title: Re: How do you calculate your mining profitability ? Post by: dorift_it on May 13, 2013, 09:08:29 PM heh, I call my mining a Hobby. Hobbies are notorious money pits. No profit expectations. heh. not for me... i have expensive hobbies enough such as cars, boats and guns lol Title: Re: How do you calculate your mining profitability ? Post by: endriuska on May 13, 2013, 11:11:08 PM none of these profitability calculators consider the diff increase, anyone knows one which takes that into count?
Title: Re: How do you calculate your mining profitability ? Post by: notaek on May 13, 2013, 11:14:45 PM For BTC: http://www.bitcoinx.com/profit/
Title: Re: How do you calculate your mining profitability ? Post by: Korbman on May 14, 2013, 12:52:10 AM none of these profitability calculators consider the diff increase, anyone knows one which takes that into count? That would require knowing what the difficulty increases are going to be...which is great for maybe predicting out a month or two, but until all ASIC development / deployment is fully underway, it's really really hard to figure out what the difficulty will be after that. Title: Re: How do you calculate your mining profitability ? Post by: endriuska on May 14, 2013, 02:39:06 AM well at least we can assume that diff will go up 20% every two weeks, and then even more... that's at least...
Title: Re: How do you calculate your mining profitability ? Post by: Amph on May 14, 2013, 10:26:35 AM your hash power*block value(25)*number of hours(usually 24)/difficulty
Title: Re: How do you calculate your mining profitability ? Post by: dorift_it on May 14, 2013, 10:41:31 PM well at least we can assume that diff will go up 20% every two weeks, and then even more... that's at least... depending on the type of coins you mine obviously Title: Re: How do you calculate your mining profitability ? Post by: furuknap on May 15, 2013, 07:41:59 AM I have written two articles that may assist in understanding why nobody knows the answer to these questions and why you'd better hope the price of your coin crashes.
http://coin.furuknap.net/litecoin-mining-profitability-guide/ (written for Litecoin but same factors apply to most coins) http://coin.furuknap.net/why-investing-in-mining-is-always-a-bet-that-prices-will-drop/ (why a price decrease is beneficial to mining profitability) .b Title: Re: How do you calculate your mining profitability ? Post by: cdog on May 15, 2013, 10:18:41 AM considering all the factors, what and how are you calculating your profitability ? What returns are you expecting on your money in the next few months ? The profitability is, if Id just invested in buying BTC rather than mining them, Id have been a lot more profitable... |