How those mining calculators work

[DrakonX]

I've always wondered how these mining calculators work. Now I saw a formula:

Code:

Reward = ((hashrate * block_reward) / (current_difficulty * 2^32)) * (1 - pool_fee) * 3600

(Can be seen via this page.)

My question therefore is: to which period does "reward" refer to? To an hour, a day or a month? The number 3600 appears within formula, which makes me think it could be an hour. However, the result of several dollars per hour seems a little bit too high. That's why I'm unsure. Any suggestions?

[DrakonX]

What the hell is wrong with you? The question is not that hard, is it?

[os2sam]

Since you got this equation from Minergate.com you should post in their support thread and ask them how it is supposed to work.

https://bitcointalk.org/index.php?topic=607454.msg6706095#msg6706095