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Author Topic: Are tradeblock.com/mining calculations accurate?  (Read 550 times)
ferol (OP)
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July 15, 2015, 07:19:47 AM
Last edit: July 15, 2015, 07:42:07 AM by ferol
 #1

Im in Venezuela and seems like it is still profitable to mine since electricity costs are close to 0. I bought 4 s4+ miners and blockchain.com/mining estimates that ill get the first profit in dec-jan with a difficulty of 7%, is this accurate? should i set a different difficulty percent?

Bitrated user: folivo.
Amph
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July 15, 2015, 07:01:59 PM
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better to set it at 4% average 7 seems to big seeing the current trend on the market

with 0.1 profit per day and 14.7 btc price in total you will need 147 days to roi if electricity is zero and diff remain the same, but you probably payed much less than that, you bought them from second hand right?
notlist3d
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July 15, 2015, 07:20:08 PM
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better to set it at 4% average 7 seems to big seeing the current trend on the market

with 0.1 profit per day and 14.7 btc price in total you will need 147 days to roi if electricity is zero and diff remain the same, but you probably payed much less than that, you bought them from second hand right?

It really has been a great summer on difficulty 4 is more likely. And a lot of weeks we have been under it, which is nice.

Personally I like the bitwisdom calculator: https://bitcoinwisdom.com/bitcoin/calculator

So nice picking day, week, month.  I like seeing it this way but I guess it's personal preference.
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