Bitcoin Forum

Bitcoin => Mining support => Topic started by: bobsmoke on November 17, 2013, 10:45:56 AM



Title: Mining earnings calculation
Post by: bobsmoke on November 17, 2013, 10:45:56 AM
Hello,

Are the below numbers correct in terms of what a person could expect and how to have a estimation of earnings regarding mining?

If you have 500 Gh/s and current Network Hash is 4,774,909 Gh/s and there are 3600 BTC mined per day.
Can you say in average you would expect to mine 0.37 BTC/day?

x = ( 3600 * 500 ) / 4774909 = 0.37

thx



Title: Re: Mining earnings calculation
Post by: teletobi on November 17, 2013, 01:05:04 PM
Have a look here:
http://mining.thegenesisblock.com


Title: Re: Mining earnings calculation
Post by: Johanna on November 17, 2013, 03:59:40 PM
Hello,

Are the below numbers correct in terms of what a person could expect and how to have a estimation of earnings regarding mining?

If you have 500 Gh/s and current Network Hash is 4,774,909 Gh/s and there are 3600 BTC mined per day.
Can you say in average you would expect to mine 0.37 BTC/day?

x = ( 3600 * 500 ) / 4774909 = 0.37

thx



You don't calculate it using network hash, you calculate it using the difficulty to get an estimate....


Title: Re: Mining earnings calculation
Post by: bobsmoke on November 17, 2013, 04:03:48 PM
Could you please illustrate?
thx