I tried searching for this answer, but maybe I used the wrong terms as I found a plethora have posts. So, I guess I will ask it again and hopefully not get flamed.
Is there a reliable formula to calculate BTC daily production based upon you GHps?
The result I want is a Per Day BTC based upon 1 GHps. That way I can work out a rough what-if when I add more GHps or be able to calculate how much GHps I need to get a certain income.
What I am currently doing is the following:
Total of what I have mined (At my current GHps) : Total Mined
My current GHps : GHps
Total time of mining at current GHps: Total Time
Now, I am using Excel if that info helps.
((Total Mined/(Total Time*24))/GHps)
Note: Multiplying total time by 24 give the number of hours. It is an Excel thing.
I can change it to use an average rather then a sum of the time and total mined if that might be a better idea.
Edit: Rewrote formula