Stuck with the Eternal Question (Mining reward calculations) [Yet Again]

[wanderingpapaya]

Hi Everyone,

I am making a spreadsheet for mining rewards. In this case it is particularly bitcoin mining.

From my general understanding the reward formula is as follows

reward (r) = (60*60*24*H*B)/(D*2^32)

Where
H = hashrate of a single miner
D= Difficulty rate of the network
B = Current Block reward

So in my case, using 1 antminer s9 (14 TH/s) the formula should look something like this:

r = (60*60*24*14,000,000,000*12.5)/(922,724,699,726*4294967296)

= 0.00000381522173742 btc/day

Is this correct? I feel like I am wrong especially when using coinwarz spits out approx 0.00408774 btc/day.

[Rumipl]

You should take into consideration
Miner Hashrate
Network Hashrate
Block reward
And transaction fees

Minerhashrate/Networkhashrate*daily reward(144 blocks*(12.5 BTC + fees)

or use the bitcoinwisdom calculator, remember that this calculator doesn't take fees into consideration.