Title: What is the formula to calculate Bitcoin generation in 24h Post by: BitCoinDream on September 01, 2014, 12:50:28 PM If the current difficulty is x and my miner's hash power is y GHash/sec, then how do I calculate the bitcoin generated per 24h ? I mean what would be the formula ?
Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: Kluge on September 01, 2014, 12:54:50 PM https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F
Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: BitCoinDream on September 01, 2014, 02:20:58 PM https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F Thank U for providing the link. Though I was actually looking for the formula to find the no. of Bitcoin generated in 24h, I could derive that from this one. :) Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: Kluge on September 01, 2014, 04:03:34 PM https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F Thank U for providing the link. Though I was actually looking for the formula to find the no. of Bitcoin generated in 24h, I could derive that from this one. :) (24/(Difficulty * (2^32) / (HashrateInMHs*10^6)/60/60))*25 would do it, I'd think, though that could be reduced. Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: Hasher99 on September 01, 2014, 06:24:48 PM I don't know the math but I just google for mining calculator on google and it solves the issue.I recommend you do the same rather than sharpening up your mind
Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: BitCoinDream on September 01, 2014, 08:54:16 PM https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F Thank U for providing the link. Though I was actually looking for the formula to find the no. of Bitcoin generated in 24h, I could derive that from this one. :) (24/(Difficulty * (2^32) / (HashrateInMHs*10^6)/60/60))*25 would do it, I'd think, though that could be reduced. Well, I derived a reduced general one as follows... 27*n*m*10^11/(d*2^27) where, n = Bitcoin generated per block m = Mining power in GHash/s d = Current Difficulty Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: BitCoinDream on September 01, 2014, 08:55:19 PM I don't know the math but I just google for mining calculator on google and it solves the issue.I recommend you do the same rather than sharpening up your mind LoLz... I'm writing the code for a mining calculator, so needed the formula. Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: confirmation120 on September 01, 2014, 11:52:02 PM I don't know the math but I just google for mining calculator on google and it solves the issue.I recommend you do the same rather than sharpening up your mind LoLz... I'm writing the code for a mining calculator, so needed the formula. The website that I used was http://www.bitcoinx.com/profit/ (site contains an ad, but I am not affiliated with them). Title: Re: What is the formula to calculate Bitcoin generation in 24h Post by: deepceleron on September 06, 2014, 08:12:02 AM What's old is.. still old. Except the difficulty is not 3M any more, it's about 27 Billion now.
Here's the current bitcoin difficulty: http://blockexplorer.com/q/getdifficulty (http://blockexplorer.com/q/getdifficulty). Necro-bump. Due to the scheduled halfing of the block reward every four years, the new number is:I reduced the formula down to: average BTC per Day = (megahashes per second / difficulty) * 1005.82838 Average BTC per Day = (megahashes per second / difficulty) * 502.91419 New realistic examples using today's network stats Radeon HD 5830: 300 Mhash/s at 3438908.96 difficulty = ( 300 / 3,439,000 ) * 502.91419 = 0.043 BTC per day or 1.32 BTC/month ≅ $16/month BFL Single FPGA Miner: 832 Mhash/s at 3438908.96 difficulty = ( 832 / 3,439,000 ) * 502.91419 = 0.12 BTC per day or 3.65 BTC/month ≅ $45/month Deepceleron's razor #17: If something is worth saying to a noob, deepceleron has probably already said it. |