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Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: pablogalcu on April 29, 2022, 12:43:16 PM



Title: Profits of differents cryptocurrencys
Post by: pablogalcu on April 29, 2022, 12:43:16 PM
Hello, as much as I search I can not find formulas to calculate myself the profitability of mining these cryptocurrencies: RVN, ERG and ETC. When I try to look for formulas only I come out calculators, anyone could tell me what are the formulas please?


Title: Re: Profits of differents cryptocurrencys
Post by: Lafu on April 29, 2022, 01:11:08 PM
It depends on how much Hashrate the Network have and how big the difficulty is .
To that what kind of mining pool you are using and how much miners there are mining the coin.
Next thing that counts most is what kind of Hashrate you have and how much shares you get and blocks you will find and get.
On top of that what the price of the coin has on the Exchanges and it gets traded.
The best way is to use an calculator like https://whattomine.com/ (https://whattomine.com/)


Title: Re: Profits of differents cryptocurrencys
Post by: pablogalcu on April 29, 2022, 01:59:07 PM
Yes i know, but i dont need a calculator, i need the formula that use the calculator


Title: Re: Profits of differents cryptocurrencys
Post by: Lafu on April 29, 2022, 02:23:57 PM
I already have written what exactly you need to make a calculation by yourself !
Dont expect that i give you a full written command or something , you should be doing and making a bit more research by yourself.
If you would have tried to use the " search function " here on the forum or on google you would be have found something.
As i have a good day today i guess it should be something that i found .
Try to look around here : Formula to calculate mining profit (https://bitcointalk.org/index.php?topic=3140185.msg32481535#msg32481535)


Title: Re: Profits of differents cryptocurrencys
Post by: safar1980 on April 30, 2022, 08:23:18 PM
ethereum-mining-calculator
https://github.com/badmofo/ethereum-mining-calculator/blob/90f4e5aae595a6877f1a26b43c15a7db35149a22/index.html

bitcoin
N = (t*R*H)/(D*2^32)
where:
N - income in coins
t - mining period in seconds (for example, day = 86400)
R - block reward in coins
H - hashrate per second (for example, 1GHsh = 1000000000)
D - difficulty
https://qna.habr.com/q/515844



Title: Re: Profits of differents cryptocurrencys
Post by: devil2man on May 01, 2022, 09:38:32 AM
Let's say that whattomine is in my opinion the best calculator to see your profits in mining the parameters are easy i.e. the average daily profit from which the cost of energy is subtracted you can get an idea of ​​which altcoin is more profitable to mine based on your graphics cards


Title: Re: Profits of differents cryptocurrencys
Post by: Bitcoin_Arena on May 01, 2022, 11:46:09 PM
Yes i know, but i dont need a calculator, i need the formula that use the calculator
It looks like you like making life so hard for yourself. Lafu actually gave you the answer. You are going to consider a number of factors in your calculations and most of those factor such as the hash rate and difficulty change periodically.

Which means you are going to track the hastrate of a network to the minute you are going to make a calculation.


Title: Re: Profits of differents cryptocurrencys
Post by: pablogalcu on May 02, 2022, 07:42:18 AM
im doing a website, that needs a table with this type of data, the table refresh itself by 10 in 10 seconds, so i need the formula for calculate in real one parameter in the table


Title: Re: Profits of differents cryptocurrencys
Post by: Lafu on May 03, 2022, 05:13:30 PM
im doing a website, that needs a table with this type of data, the table refresh itself by 10 in 10 seconds, so i need the formula for calculate in real one parameter in the table
You know now already what you all need to calculate the things , and i guess you have to write your one formular for your Website then.
There are some widgets i found on https://minerstat.com/widgets (https://minerstat.com/widgets) that you can implement easy in your Website if you want.

Quote
Insert the following code to any part of your website

<a class="minerstat-widget" title="BTC mining calculator" data-coin="BTC" data-algo="SHA-256" data-info="yes" data-style="light" data-color="" data-unit="TH" data-hashrate="100" data-width="300" rel="nofollow" href="https://minerstat.com/coin/BTC">Bitcoin mining calculator</a><script async src="https://api.minerstat.com/v2/widgets/coin.js" charset="utf-8"></script>
Source : https://minerstat.com/widgets (https://minerstat.com/widgets)

Dont know if that will help you but you have already all that you need for doing it yourself.