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January 15, 2014, 03:16:36 PM |
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For every new coin I decide to mine I generally have a goal of x coins till switching to a new coin. For example if coin x has a total of 100 billion I might want to mine 100-500 million coins. After reaching the goal all coins have been or will be either invested in various sites (dice, casino, etc) or held long term (at least 6 months).
Generally what I do to calculate how many days it will take to reach goal x is mine for an hour, multiply #Coins Earned by 24, then divide by goal. After a few days or a week recalculate with 8-24 hours of mining stats to get a new estimate.
Surely there has to be a better way of doing this?
How can difficulty and payout decreases be calculated into this rather simple equation?
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