Bitcoin Forum

Hi guys,

I'm a bit new to the btc business and therefore not very familiar with the tools which are out there.

Recently I stumpled upon the mining calculator on tradeblock.com and did following analysis on a S1:
https://tradeblock.com/mining/a/b70653202f

Even when keeping electricity costs out of the calculation, given the price for which S1s are sold at the moment in my country,
it will never really pay off when starting to mine with it now?!

What do you think about that?
Is that really true or am I doing something wrong?
Or is the tool simply bull.... (est. diff increase too high, est. pools speed wrong, etc.)??

http://www.bitcoinx.com/profit/ tells something else, but I think they are not extrapolating the diff increase and so on or do they?

As I said, I'm a bit new to it and no real math genius, therefore it's hard to me to proof that.
And I didn't find any thread about tradeblock.com in the mining forum when searching.

Thanks for your replies

Regards
Hag

Try this...

Following is a link to a bitcoin calculator in Excel that I have been improving and maintaining for some time now.  It is based on an original model created by the folks at Bitmain.  The historical data is current as of the last difficulty change.

https://drive.google.com/file/d/0B1DkFD-cfVr4d2NkV2hyWTE2NVk/edit?usp=sharing

PM me with any question or enhancement requests.

Thank you for this. One thing that took me a little while to finally see is that this assumes that you end up with 3 Antminers by the end of the year.