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Author Topic: Metric for mining effectiveness  (Read 148 times)
ricardobayes (OP)
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March 20, 2018, 09:40:53 PM
 #1

Hi,
I am wondering if there is a metric, or formula that can be used to determine a given mining equipment's effectiveness. This would be an indicator to buy the equipment at that price, or not.

A simple metric would take into account:
  • $ price of equipment,
  • power usage in Watts,
  • hash rate

A more advanced one would also use:
algorithm difficulty increases historically and expected,
mined coin price,
etc...
jmigdlc99
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March 21, 2018, 12:14:01 AM
 #2

There are online calculators for this. One such simple tool would be Nicehash's profit calculator. Try it out at: http://nicehash.com/profitability-calculator

But again, its not always that straight forward. Your "advanced metrics" also need to be considered. This is where manual computation comes in. Checkout whattomine.com for the most profitable coin at the moment.

0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
SirNeo
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March 21, 2018, 02:04:08 AM
 #3

There are a lot of websites but you can't rely 100% on them

mycryptobuddy .com/EthereumMiningCalculator
cryptocompare .com/mining/calculator
whattomine .com
Cryptoipad
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March 21, 2018, 03:59:19 AM
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As usually mining process including the cryptocurrencies are effective system.the digital wallet share to mining market profit.The metric can be easily extended to other features of a gene such as mining sites and protein products interactions of the gene product, special features of the information on structure, promoter characteristics, etc.The metric mining can also be used in other domains that use two different parametric spaces one for clustering and the other one for measuring the effectiveness Directed data mining involves searching through historicalrecords to find patterns that explain a particular outcome and includes the tasks of classification estimation,prediction and profiling.
leonix007
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March 21, 2018, 03:17:59 PM
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As usually mining process including the cryptocurrencies are effective system.the digital wallet share to mining market profit.The metric can be easily extended to other features of a gene such as mining sites and protein products interactions of the gene product, special features of the information on structure, promoter characteristics, etc.The metric mining can also be used in other domains that use two different parametric spaces one for clustering and the other one for measuring the effectiveness Directed data mining involves searching through historicalrecords to find patterns that explain a particular outcome and includes the tasks of classification estimation,prediction and profiling.

Did I read it correctly? geezed, seems like a Bot with auto reply to me, targeting only on subjects but not the actual concern by the OP Cheesy

@OP

Aside from online calculators that were previously suggested, there are a lot of threads here pertaining on specific cards. these are actual encounters by the members that you could rely on.
ricardobayes (OP)
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March 21, 2018, 03:40:01 PM
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As usually mining process including the cryptocurrencies are effective system.the digital wallet share to mining market profit.The metric can be easily extended to other features of a gene such as mining sites and protein products interactions of the gene product, special features of the information on structure, promoter characteristics, etc.The metric mining can also be used in other domains that use two different parametric spaces one for clustering and the other one for measuring the effectiveness Directed data mining involves searching through historicalrecords to find patterns that explain a particular outcome and includes the tasks of classification estimation,prediction and profiling.

Did I read it correctly? geezed, seems like a Bot with auto reply to me, targeting only on subjects but not the actual concern by the OP Cheesy

@OP

Aside from online calculators that were previously suggested, there are a lot of threads here pertaining on specific cards. these are actual encounters by the members that you could rely on.

Yeah, I read it twice too Cheesy I wasn't sure if it's me not comprehending stuff before having coffee, or a bot.

Anyway, my original question was related to how to differentiate between two or more rigs.

Let's say rig A is 300 Mh/s at 1350 W with a price of 4000$, and
rig B is 167 Mh/s at 720 W at a cost of 1600$.
Which one to get?

What I came up with is dividing hash rate with wattage that yields a sort of mining efficiency ratio.
And then divide that ratio with the cost of the rig.

Hope this helps anybody to select between rigs.


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