but i will ask you about mining XDN
is that worth to mine it or to trade? because i see the reward dropped.
The reward hasn't dropped yet. When it halves (in a few days) the mining and trading will be exactly even (based on ec2 spot prices)
OK thank you.because i planned to rent servers to enhance my mining hash and it's about 10$ for 1Kh in 24 hours.
is it a good plan
Here's the math so you can do it in the future (This formula assumes you are NOT currently mining, as in the network hashrate will increase by however much you plan on adding):
your hashrate / (net hashrate + your hashrate) * block reward * (1 - pool fee) * (1 - orphan rate) * 360 * current price of xdn in btc * current price of bitcoin in usd = how much you make in a day
1/(330.13+1) * 320000 * 0.98 * 0.97 * 360 * 0.00000010 * 586.33 = ~$19
If you are currently mining, as in the network hashrate INCLUDES you hashrate, then use:
your hashrate / net hashrate * block reward * (1 - pool fee) * (1 - orphan rate) * 360 * current price of xdn in btc * current price of bitcoin in usd = how much you make in a day
Other things to keep in mind:
Pool might temporarily go down, which will cost you
People sending mass transactions, which temporarily decreases the block reward (that's why it sometimes shows up as less than 320000)
You would make ~$19 but don't forget the block reward will half soon
the price may change (although it will probably go up, which is good for you)
the network hashrate may change, if it goes up you make less, if it goes down you make more
Price of bitcoin may change, if it goes up you make more, down you make less
The pool fee of 2% was a guess, it may be different
The orphan rate may change, although 3% is what it is on duck.extremepool.org
nice reply man.you explain all things about mining and rewards.
thank you so much.it helped me a lot for sure.
sure thing is that the reward dropped a lot because of mass transactions.
i will rent the server and hope for the best
Show Posts
