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Title: Formula to calculate mining profit Post by: doni8125 on March 16, 2018, 05:49:03 PM Hello,
What calculation formula should I use to calculate mining profit for various algorithms? X11, Neoscrypt, CryptoNight and all others? Or that formula is the same for all algos. Whattomine and other profit calculators I know. Title: Re: Formula to calculate mining profit Post by: gotminer on March 16, 2018, 07:14:19 PM Mined coin - hardware and electricity cost = mining profit
Title: Re: Formula to calculate mining profit Post by: dhouse on March 16, 2018, 07:37:46 PM Uh, if you know of whattomine, what are you asking for?
Title: Re: Formula to calculate mining profit Post by: doni8125 on March 16, 2018, 09:08:54 PM because I want to calculate everything by myself. But don't know the formula.
Title: Re: Formula to calculate mining profit Post by: Lantic_Mining on March 16, 2018, 11:00:37 PM ((Your Hashrate / Network Hashrate) * (Block Reward * Block Time) * Coin Price) - (Price per kWh * Rig kWh Consumption) = Your expected net profit
Is that what you mean? Depends on the luck of your pool whether you make exactly what your percentage of the network hashrate would suggest but take it over a long enough period and it will be right. The formula would be the same for all algos but you would need to know what hashrate your rig(s) will produce on the different ones - putting your cards into Whattomine or Crypto-Coinz will give a rough idea of that. Regards, Steve Title: Re: Formula to calculate mining profit Post by: retard75 on March 16, 2018, 11:58:21 PM Coins Per Day
Ethash YourHashRate_in_MHs * BlockReward * 86400 * 10^6 / Difficulty Cryptonight YourHashRate_in_KHs / Difficulty * BlockReward * 86400 * 1000 Equihash YourHashrate / NetHashRate / BlockTime * 86400 * BlockReward { Remark: In case of Equihash the NetHashRate is calculated by Difficulty / BlockTime * 2^13, in Ethash by Difficulty / BlockTime and in other algos the NetHashRate is calculated by Difficulty / BlockTime * 2^32 } Most other algos (/w many exceptions, lol) YourHashRate_in_MHs * BlockReward * 86400 * 10^6 / (Difficulty * 2^32) Your profit/day is CoinsPerDay*CoinPrice minus PowerConsumption*EnergyPrice That's all I got. Title: Re: Formula to calculate mining profit Post by: philipma1957 on March 17, 2018, 12:11:37 AM Hello, What calculation formula should I use to calculate mining profit for various algorithms? X11, Neoscrypt, CryptoNight and all others? Or that formula is the same for all algos. Whattomine and other profit calculators I know. learn to use this calculator https://www.coinwarz.com/calculators it is accurate for 1 diff jump into the future. {Edit a typo} No profit calculator works beyond a few diff jumps and price changes Title: Re: Formula to calculate mining profit Post by: umine on January 22, 2019, 06:10:06 AM And any calculator doesn't give you precise results. Whattomine just shows what should mine yesterday to get better profit. Always it should expect of 10-20% error. But the error sometimes could be in plus
Title: Re: Formula to calculate mining profit Post by: oBitScape on October 17, 2019, 06:36:03 PM Thanks guys! This was helpful. ;D
Title: Re: Formula to calculate mining profit Post by: Ayers on October 20, 2019, 01:13:09 PM ((Your Hashrate / Network Hashrate) * (Block Reward * Block Time) * Coin Price) - (Price per kWh * Rig kWh Consumption) = Your expected net profit Is that what you mean? Depends on the luck of your pool whether you make exactly what your percentage of the network hashrate would suggest but take it over a long enough period and it will be right. The formula would be the same for all algos but you would need to know what hashrate your rig(s) will produce on the different ones - putting your cards into Whattomine or Crypto-Coinz will give a rough idea of that. Regards, Steve this standard formula doesn't work on all coin, on pascal coin for example it's not working, this was made for bitcoin in the past but for new coin with complex algo it's not good, the revenue is wrong, better to use whattomine imho |