1TH/s mining power in today's world, April-2015

[Shohaib1]

Hi every body.
It is said that talk to a expert and it is worth than reading book for 1 year.
So, guys, Can any body guess, with mining power of 1000GH/s, what will I be able to earn in today's time of April-2015, regardless of energy consumption. I just wanted to know, How much time, it will take to earn 1 BTC, if miner stays running 24/7.
Also, It will be a great help, If some one can mention, What is the best pool for a miner of 1TH/s? which is considered good in every aspect.

[pedrog]

There are a few that help you make those calculations, here's one: https://bitcoinwisdom.com/bitcoin/calculator

[notlist3d]

Hi every body.
It is said that talk to a expert and it is worth than reading book for 1 year.
So, guys, Can any body guess, with mining power of 1000GH/s, what will I be able to earn in today's time of April-2015, regardless of energy consumption. I just wanted to know, How much time, it will take to earn 1 BTC, if miner stays running 24/7.
Also, It will be a great help, If some one can mention, What is the best pool for a miner of 1TH/s? which is considered good in every aspect.

No you can't figure it out without energy comsumption as far as profit.  You can go here and do some ROI - https://bitcoinwisdom.com/bitcoin/calculator

A lot depends on your electricity price.  What price is your electricity?

*looks like i was beat to post.

But also google bitcoin pool comparsion you will find out different types, and also see big and small ones.  It's kinda a personal preference to what you pick.

[NUFCrichard]

Hi every body.
It is said that talk to a expert and it is worth than reading book for 1 year.
So, guys, Can any body guess, with mining power of 1000GH/s, what will I be able to earn in today's time of April-2015, regardless of energy consumption. I just wanted to know, How much time, it will take to earn 1 BTC, if miner stays running 24/7.
Also, It will be a great help, If some one can mention, What is the best pool for a miner of 1TH/s? which is considered good in every aspect.

So after 500 days you should have made 0.68 Bitcoins, so probably 750 days or so to make a Bitcoin.
That is assuming the difficulty rises 20% a time, which it might unless a new generation of miners is released in the next 2 years - likely.

Assuming no difficulty increases, and no costs or pool charges it would take about 100 days to get your bitcoin.

There is lots of info on the mining forum, they have questions like this a lot.

[DannyHamilton]

If you keep a 1TH/s miner running 24 hours a day, then at current difficult you'll get approximately 0.01076 BTC per day (approximately 0.0004485 BTC per hour).

There are approximately 39 more hours until the next difficulty adjustment, so if you started right now, you might be able to get 0.01749 BTC before the difficulty adjustment.

The next difficulty is estimated to be somewhere around 49756106244.26020270

If that difficulty is accurate, then for the following 2016 blocks, you'll get approximately 0.01010 BTC per day.

If we assume that difficulty lasts 14 days (it will probably last a bit less than that), then you would get approximately 0.2449 BTC before the difficulty adjusts again.

It is very difficult to guess what the following difficulty will be.  It will depend on how much new hash power is added to the network in the next 16 days, and how much hash power is removed from the network.  If we conservatively assume that the difficulty will increase 8%, then the next difficulty would be approximately 89616560916

At that difficulty you would generate approximately 0.00561 BTC per day.  With approximately 11 days left in the month this means you would get about 0.06171 more BTC before the end of the month.

Therefore, "in today's time of April-2015" you would get about:
0.01749 + 0.2449 + 0.06171 = 0.3241 BTC

If difficulty were to continue to increase at a rate of 8% every 2016 blocks, then I'd expect it to take approximately 150 days "to earn 1 BTC"

So, you can either spend money on purchasing mining equipment, and then spend more money on pool fees, and then spend more money on electricity and maintenance of your mining equipment, so that you can have 1 bitcoin 150 days from now...

Or you can spend $256 on a bitcoin exchange and have 1 BTC today.

[Amph]

If you keep a 1TH/s miner running 24 hours a day, then at current difficult you'll get approximately 0.01076 BTC per day (approximately 0.0004485 BTC per hour).

There are approximately 39 more hours until the next difficulty adjustment, so if you started right now, you might be able to get 0.01749 BTC before the difficulty adjustment.

The next difficulty is estimated to be somewhere around 49756106244.26020270

If that difficulty is accurate, then for the following 2016 blocks, you'll get approximately 0.01010 BTC per day.

If we assume that difficulty lasts 14 days (it will probably last a bit less than that), then you would get approximately 0.2449 BTC before the difficulty adjusts again.

It is very difficult to guess what the following difficulty will be.  It will depend on how much new hash power is added to the network in the next 16 days, and how much hash power is removed from the network.  If we conservatively assume that the difficulty will increase 8%, then the next difficulty would be approximately 89616560916

At that difficulty you would generate approximately 0.00561 BTC per day.  With approximately 11 days left in the month this means you would get about 0.06171 more BTC before the end of the month.

Therefore, "in today's time of April-2015" you would get about:
0.01749 + 0.2449 + 0.06171 = 0.3241 BTC

If difficulty were to continue to increase at a rate of 8% every 2016 blocks, then I'd expect it to take approximately 150 days "to earn 1 BTC"

So, you can either spend money on purchasing mining equipment, and then spend more money on pool fees, and then spend more money on electricity and maintenance of your mining equipment, so that you can have 1 bitcoin 150 days from now...

Or you can spend $256 on a bitcoin exchange and have 1 BTC today.

funny thing is that all this taking into account that he have free electricity

one s5 cost about 1.5 bitcoin(best price so probably more), this mean you need 225+(250-300 if we count the diff) days to roi(with free electricity)...sound ridiculous

[Mikestang]

funny thing is that all this taking into account that he have free electricity

one s5 cost about 1.5 bitcoin(best price so probably more), this mean you need 225+(250-300 if we count the diff) days to roi(with free electricity)...sound ridiculous

Don't forget the cost of a psu, he'll need one to run his S5.

[NUFCrichard]

funny thing is that all this taking into account that he have free electricity

one s5 cost about 1.5 bitcoin(best price so probably more), this mean you need 225+(250-300 if we count the diff) days to roi(with free electricity)...sound ridiculous

Don't forget the cost of a psu, he'll need one to run his S5.

Yeah, even in a hypothetical situation with free electricity, low difficulty increases and a free miner, it will still take months to get a 1 bitcoin profit, it's like $1.50 a day profit.
With a 1.5 btc outlay and a perfect situation, it would take a year to get the miner paid for, is anyone willing to bet that there aren't better miners available in one year?

Which leads to the question, why does anyone (except the big farms) buy miners???

[ranochigo]

Hi every body.
It is said that talk to a expert and it is worth than reading book for 1 year.
So, guys, Can any body guess, with mining power of 1000GH/s, what will I be able to earn in today's time of April-2015, regardless of energy consumption. I just wanted to know, How much time, it will take to earn 1 BTC, if miner stays running 24/7.
Also, It will be a great help, If some one can mention, What is the best pool for a miner of 1TH/s? which is considered good in every aspect.

No you can't figure it out without energy comsumption as far as profit.  You can go here and do some ROI - https://bitcoinwisdom.com/bitcoin/calculator

A lot depends on your electricity price.  What price is your electricity?

*looks like i was beat to post.

But also google bitcoin pool comparsion you will find out different types, and also see big and small ones.  It's kinda a personal preference to what you pick.

Some pools have high fees which can result in a deduction of part of your payout. There are also several benefits over different payout schemes. For example, PPS can be better than PPLNS if a block withholding attack happens. But if there will not be any attacks, PPLNS would surely offer lower fees.

funny thing is that all this taking into account that he have free electricity

one s5 cost about 1.5 bitcoin(best price so probably more), this mean you need 225+(250-300 if we count the diff) days to roi(with free electricity)...sound ridiculous

Don't forget the cost of a psu, he'll need one to run his S5.

Yeah, even in a hypothetical situation with free electricity, low difficulty increases and a free miner, it will still take months to get a 1 bitcoin profit, it's like $1.50 a day profit.
With a 1.5 btc outlay and a perfect situation, it would take a year to get the miner paid for, is anyone willing to bet that there aren't better miners available in one year?

Which leads to the question, why does anyone (except the big farms) buy miners???

Free electricity, cheap used ASICs and heater. People can still make some profits if one has a great deal and low electrical rates.

[poisenrang]

you can calculate your costs, profits, on this site : https://bitcoinwisdom.com/bitcoin/calculator

this will help you.

[Bytty]

I don't think you'll ever earn 1 bitcoin with that hash power.

[defcon23]

something around 0.5 btc / day with 18 TH   do the maths ...   ( ..and dont forget to pay your electricity bill !)