Bitcoin Forum
December 03, 2016, 09:59:33 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Doubt about mining (€)  (Read 996 times)
droidman
Jr. Member
*
Offline Offline

Activity: 33


View Profile
June 08, 2011, 07:20:54 PM
 #1

I'm completely new at this and i dont quite understand it fully but i registered and started mining.
I'm reading on how to mine, i have 3 computers that i was not using and one laptop and with no effort at all got to about 55 Mhash/s and did 12 Shares.
So let's say i make 2 BTC in 24Hours, i want to know how much is that in €uros to know if this is worth my time or just for fun.
i went to a website that was saying that 1BTC is arround 28 USD is that right ?
so if i made 2BTC in one day that means i made arround 50 euros?

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
bcpokey
Sr. Member
****
Offline Offline

Activity: 462


View Profile
June 08, 2011, 07:23:37 PM
 #2

1 USD = 0.686018 EUR

2BTC * 28USD * .686EUR/USD = 38.416EUR
TheSeven
Hero Member
*****
Offline Offline

Activity: 504


FPGA Mining LLC


View Profile WWW
June 08, 2011, 07:29:46 PM
 #3

I'm completely new at this and i dont quite understand it fully but i registered and started mining.
I'm reading on how to mine, i have 3 computers that i was not using and one laptop and with no effort at all got to about 55 Mhash/s and did 12 Shares.
So let's say i make 2 BTC in 24Hours, i want to know how much is that in €uros to know if this is worth my time or just for fun.
i went to a website that was saying that 1BTC is arround 28 USD is that right ?
so if i made 2BTC in one day that means i made arround 50 euros?

55Mhashes/second / 4294967296hashes/share / 567358shares/block * 50BTC/block * 3600seconds/hour * 24hours/day * 30USD/BTC * 0.686018EUR/USD = 4.26EUR/day (at the current difficulty, USD/BTC and EUR/USD rate)

My tip jar: 13kwqR7B4WcSAJCYJH1eXQcxG5vVUwKAqY
droidman
Jr. Member
*
Offline Offline

Activity: 33


View Profile
June 08, 2011, 07:33:33 PM
 #4

sorry, 2 BTC arround 56 USD and you say 4 € a day ?

bcpokey
Sr. Member
****
Offline Offline

Activity: 462


View Profile
June 08, 2011, 07:38:42 PM
 #5

He is saying you will not get 2BTC per day with 55MHash/second. And he's right.

His math is a little optimistic. Use: http://www.alloscomp.com/bitcoin/calculator.php

On average you would get about .1BTC / day. Or 1.5Euros
droidman
Jr. Member
*
Offline Offline

Activity: 33


View Profile
June 08, 2011, 07:58:39 PM
 #6

hmmm ok. i will try to increase it. i have more computers and graphic cards Smiley thank you

TheSeven
Hero Member
*****
Offline Offline

Activity: 504


FPGA Mining LLC


View Profile WWW
June 09, 2011, 08:45:53 AM
 #7

Yeah, my math assumes that there are no downtimes or fees anywhere, and everything's running at 100% efficiency.
So it's basically the upper bound, everything above that would be temporary fluctuations due to variance/luck.
1.5EUR/day seems a bit too pessimistic though, assuming the price keeps up with difficulty.

My tip jar: 13kwqR7B4WcSAJCYJH1eXQcxG5vVUwKAqY
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!