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Author Topic: Is there a universal formula to calculate profit for alt coins?  (Read 4112 times)
CryptoCurrencyInc.com (OP)
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June 25, 2014, 09:02:50 PM
 #1

Is there a universal formula to calculate profit for alt coins?

A lot people would like to know how to calculate the profit for Sha 256 coins such as: CompassCoin, CureCoin, PetroDollar, ect...

For example:
Mining at: 1 TH/s
If CompassCoin difficulty is: 402,631
and it's trading at: 0.000012 btc

How many BTC will you earn per day?


Math genius is welcome to debate below.

                                                                               
                 
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DannyHamilton
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June 25, 2014, 09:19:22 PM
 #2

Is there a universal formula to calculate profit for alt coins?

A lot people would like to know how to calculate the profit for Sha 256 coins such as: CompassCoin, CureCoin, PetroDollar, ect...

For example:
Mining at: 1 TH/s
If CompassCoin difficulty is: 402,631
and it's trading at: 0.000012 btc

How many BTC will you earn per day?


Math genius is welcome to debate below.

This stuff doesn't require a maths genius.

It is basic algebra.  Anybody that received a passing grade in 9th grade maths in the U.S. should be capable of this.

I don't know much about CompassCoin, but if they use the same difficulty calculations as Bitcoin, then:

time = difficulty * 232 / hashrate

time = 402,631 * 232 / 1,000,000,000,000
time = 1729 seconds per block
time = 28 minutes 49 seconds per block.

If there are 86,400 seconds per day, then 1 TH/s should solve

86,000 sec per day / 1729 sec per block =  49.739734 blocks per day.

If the block reward is 420 CompassCoins per block, then that's:
49.739734 * 420 = 20890.68828 CompassCoins per day

If you can get 0.000012 BTC per CompassCoin, then:

20890.68828 * 0.000012 = 0.25068825 BTC per day (minus any costs or fees).

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