Hi all, i need some help with my Thesis

[niallo27]

Hi all so here is my story, I decided to do my Thesis on the profitability of mining for bitcoin in the country i live. I already knew the answer before i started but i thought it would be an interesting project. For my research i decided to buy an antminer s5 and began my mining journey. After about 3 days the wife was getting freaked out by the noise and she was sure the house would burn down so i had to put a stop to things. The problem now is that i have no data to back up my research. I was wondering if any kind souls here could help me out with some data maybe from the last 6 months i could use for research.

Thanks

[1714767258]

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[1714767258]

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[crazyivan]

Use any of the mining difficulty calculators and it can simulate data, no need for actual mining.

[niallo27]

Use any of the mining difficulty calculators and it can simulate data, no need for actual mining.

Yes but would this factor in luck of finding a block if i was in a pool.

[jonnybravo0311]

Mining calculators work on statistical modeling of expected earnings.  There is no guarantee of actually making the expected earnings.  For example, had a user been mining on my pool since it began, they would have made approximately 25% more than expected values.  Looking at Kano's pool, you can see a lifetime earnings of over 106% of expectations.

[niallo27]

Mining calculators work on statistical modeling of expected earnings.  There is no guarantee of actually making the expected earnings.  For example, had a user been mining on my pool since it began, they would have made approximately 25% more than expected values.  Looking at Kano's pool, you can see a lifetime earnings of over 106% of expectations.

Yes i was thinking that which is why i think i need some real raw data to work off.

[Wilhelmus]

You need to tell us in which country you live. Because if it isn't someone who's living in your country, results might not be exact, because of the electricity price, of the heat, etc.

[niallo27]

You need to tell us in which country you live. Because if it isn't someone who's living in your country, results might not be exact, because of the electricity price, of the heat, etc.

I am in Ireland, i am not sure is anyone else here from Ireland here mining. Would it matter what country i am in when i just need the data of actual bitcoin that was mined. I can adjust it then for electricity prices in my area

[mwizard]

Sounds as if you have already learnt a lot about the realities of mining, the noise, the electrical consumption.

In Ireland the S5 would not even mine enough to cover your electricity cost.

Best of luck with your Thesis.  Perhaps you may like to change it to the effect of the halving on mining.

[Signedbyme]

Hi there, I have a 15 th/s farm and i could spare one antminer s5 to your purpose. I could give weekly reports and mine on any pool you would like. I am in the southern USA but i think this may work. PM Me or reply thanks!! 

[notlist3d]

Mining calculators work on statistical modeling of expected earnings.  There is no guarantee of actually making the expected earnings.  For example, had a user been mining on my pool since it began, they would have made approximately 25% more than expected values.  Looking at Kano's pool, you can see a lifetime earnings of over 106% of expectations.

Yes i was thinking that which is why i think i need some real raw data to work off.

Could you not just use a mining pools data?   Or look at the blockchain?  Each pool would be different on results unless your talking PPS.   So I would suggest pick a pool and use their data.

One thing worth noting 6 months of previous data will look different then the next 6 months.  With having it's hard to say a lot of what will happen and pricing is also hard.   So I think you need to decide if 6  previous months data will work if so it is very easy.  Or if you need 6 months of you doing it personally.  I guess this might depend on what the thesis is for.

[jonnybravo0311]

If you're just looking for raw data, kano.is has plenty of publicly available from which you can see luck stats, etc.  I ran a thread for a year giving results of my experience mining on p2pool.  While I ended that in December (was running my own pool at that point), it does contain a year's worth of actual mining data.  You can find that thread here: https://bitcointalk.org/index.php?topic=891298.0

[niallo27]

Thanks everyone for your help, I have said it before but this place is really full of some decent people.
Thanks again.

[Wilhelmus]

You need to tell us in which country you live. Because if it isn't someone who's living in your country, results might not be exact, because of the electricity price, of the heat, etc.

I am in Ireland, i am not sure is anyone else here from Ireland here mining. Would it matter what country i am in when i just need the data of actual bitcoin that was mined. I can adjust it then for electricity prices in my area

There's also the heat factor that needs to be taken in account. But in Ireland, there shouldn't have any problem I think.

[Betwrong]

You need to tell us in which country you live. Because if it isn't someone who's living in your country, results might not be exact, because of the electricity price, of the heat, etc.

I am in Ireland, i am not sure is anyone else here from Ireland here mining. Would it matter what country i am in when i just need the data of actual bitcoin that was mined. I can adjust it then for electricity prices in my area

There's also the heat factor that needs to be taken in account. But in Ireland, there shouldn't have any problem I think.

I think that OP has done his Thesis already. I would be happy to read it btw if it's not top secret of course. I'm sure not only me is interested, so OP, please share your work if it's possible.

[KFC786]

Hi all so here is my story, I decided to do my Thesis on the profitability of mining for bitcoin in the country i live. I already knew the answer before i started but i thought it would be an interesting project. For my research i decided to buy an antminer s5 and began my mining journey. After about 3 days the wife was getting freaked out by the noise and she was sure the house would burn down so i had to put a stop to things. The problem now is that i have no data to back up my research. I was wondering if any kind souls here could help me out with some data maybe from the last 6 months i could use for research.

Thanks

Hi you can just user mining calculator and thus you will Able to get data and that's so simple. And I I hope that there some mining calculator like https://coinwarz.com
This is just a good website where you can find good data regarding Crypto mining power and also like How many of electricity cost will be per month and also how Kuch profits and also losses.