Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: ibinsad on October 03, 2017, 07:38:59 PM



Title: Any yearly profit calculator similar to whattomine ?
Post by: ibinsad on October 03, 2017, 07:38:59 PM
Whattomine calculate just 7 days, nicehash 1 month maximum.

I am looking for a yearly profit calculator and if there is a forecast adding the increase of the diff,  is there any ?

I mean if it possible for example to calculate the profit of a 1070 with most profitable coins,  from 3 October 2016 to 3 October 2017.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: dagarair on October 03, 2017, 08:27:26 PM
hmmm that's actually a good question.  Be cool to know.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: Elder III on October 03, 2017, 09:07:19 PM
Whattomine caluclates yearly profit too, but it's based on current difficulty (of past 24 hours). Generally speaking it's impossible to know what the difficulty will be in the future since it depends in large part on how many people stop mining it or additional miners that are added etc... which cannot be predicted.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: ibinsad on October 03, 2017, 09:22:04 PM
So there is not a service i am looking for..  ::)


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: Apneal on October 03, 2017, 09:26:55 PM
It's not that a service like that doesn't exist, its more like a service like that is useless.

Imagine a calculator that calculated your weight in a decade based on what you ate today. Ohh look you'll weigh -100lbs or 700lbs... ok. If you want meaningless numbers, you can find them.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: dagarair on October 03, 2017, 09:37:48 PM
No it's pretty useful actually if you have a mid - big farm.  I manually calculate how many coins I mine then take the median price per month to calculate my tax implications.  I do that now but manually.  It sucks but uncle sam comes knocking im actually one of the guys that is legit.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: ahmedjamal1998 on October 03, 2017, 10:33:47 PM
Even if there's such calculators they won't be of any benefit to you. Why ?
Because simple the profits of earning aren't the same. Difficulty goes up from time to time as more and more people get into mining.

So whatever calculations you make for a year projection would be totally inaccurate.
Difficulty on July 1 was about 1000 TH. Today the difficult is almost 3000. That's increasing three times in three months only.

Apparently the profits decreased a lot. Now you'd get less than $1.5 per day which makes me ask if it's worth it anymore ?
So basically don't estimate for a year because you could end up getting less than half your assumptions.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: 1234ms on October 04, 2017, 03:34:22 AM
You can try the following website http://www.mycryptobuddy.com/EthereumMiningCalculator (http://www.mycryptobuddy.com/EthereumMiningCalculator). It estimates the future change in difficulty through extrapolation and takes it into account when calculating yearly profits.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: alexrossi on October 04, 2017, 06:37:26 AM
We have variance of ~20% on the daily run, every yearly estimation can only be completely wrong and useless, IMHO.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: Marvell2 on October 04, 2017, 06:48:36 AM
We have variance of ~20% on the daily run, every yearly estimation can only be completely wrong and useless, IMHO.

lol no shit its hard to calulate monthy profits and u are trying to project for a year?
you know what difficulty and price fluxtuations are?

heck week to week there is varince let alone yearly lol

best thing you do is lookat your expenses and costs to mine, power, parts gear etc

and project how much you need to make to ROI its useless to using a mining calculator to project
mining earings correctly, I guess you can take daily predictions and multiply by 365 but I will most

definitely be wrong


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: ibinsad on October 04, 2017, 08:13:50 AM
Lot of spam here lol

I need it for statistic calculations for each card looking at its evolution of profit.

A graph will be useful too.

If there isn't i will made myself.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: farfanx4 on October 04, 2017, 08:41:05 AM
You can't predict the market or the difficulty but you can mine somthing well known of it's vulue to componsate the difficulty increase. After all you don't know for sure till you try.


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: Kryptowolf512 on October 04, 2017, 08:57:17 AM
Here the old nicehash calc : https://old.nicehash.com/?p=calc


Title: Re: Any yearly profit calculator similar to whattomine ?
Post by: dagarair on October 04, 2017, 12:20:36 PM
https://coinmarketcap.com/currencies/ethereum/historical-data/

that's what I use to calculate my highs and lows every month.  This is about as close as your going to get. 

Most here don't understand why this is important thus all the spam.