BitcoinX Mining Profit Calculator

[cdog]

Im trying to do some calculations, but I dont see how I can account for the total network hashrate here? I can crank the difficulty up, but I dont think thats telling the whole story... or is it?

Also, the profitability decline per year doesnt seem to work, or am I using it wrong?

Can anyone help me out get some accurate numbers? I just want to see if even in a worst case scenario, I can break even on BFL machine in 1 year if bitcoins stay above $20 each.

Thanks

[tHash]

There are 3600 BTC mined each day.   Just figure your percentage of the expected network speed, and you will have your answer.

So, 60Gh/s for a BFL single would be about 0.0086% of an expected 700Th/s.
0.0086% of 3600 is about .31 BTC per day.

The other thing to consider is that the network will continue to increase rapidly after 700Th/s.
Maybe it will be double that in a year.   Very hard to guess.

[Stephen Gornick]

I can crank the difficulty up, but I dont think thats telling the whole story... or is it?

Yes, your proceeds in BTCs will pretty much correlate directly to your hashing level versus difficulty during each adjustment period in the future.

Since those levels aren't known yet nor is there any real way to guesstimate them, you are left with purely speculating as to how much capacity will be coming online.

[NEO2012]

Im trying to do some calculations, but I dont see how I can account for the total network hashrate here? I can crank the difficulty up, but I dont think thats telling the whole story... or is it?

Also, the profitability decline per year doesnt seem to work, or am I using it wrong?

Can anyone help me out get some accurate numbers? I just want to see if even in a worst case scenario, I can break even on BFL machine in 1 year if bitcoins stay above $20 each.

Thanks

IF U ordered from bfl and didnt doit in june 2012

ur profitability has been gang banged

and bukaked

for all intensive purposes

[JWU42]

and bukaked

for all intensive purposes

<Begin english teacher>

Two things...

1.  It is bukkaked
2.  "For all intents and purposes"

 </End English teacher>

[crazyates]

Im trying to do some calculations, but I dont see how I can account for the total network hashrate here? I can crank the difficulty up, but I dont think thats telling the whole story... or is it?

Pretty much. You want to simulate a network that is twice the hashrate of today? Double the difficulty. Want a network that is 10x? multiply the difficulty by 10x. 100x = 100x. They're closely related. You get the idea.

[Dalkore]

Im trying to do some calculations, but I dont see how I can account for the total network hashrate here? I can crank the difficulty up, but I dont think thats telling the whole story... or is it?

Also, the profitability decline per year doesnt seem to work, or am I using it wrong?

Can anyone help me out get some accurate numbers? I just want to see if even in a worst case scenario, I can break even on BFL machine in 1 year if bitcoins stay above $20 each.

Thanks

IF U ordered from bfl and didnt doit in june 2012

ur profitability has been gang banged

and bukaked

for all intensive purposes

Basically.  I am glad I canceled when they were given the exact amount of coins back not their exchange rate.   Dodged a bullet.

[NEO2012]

Im trying to do some calculations, but I dont see how I can account for the total network hashrate here? I can crank the difficulty up, but I dont think thats telling the whole story... or is it?

Also, the profitability decline per year doesnt seem to work, or am I using it wrong?

Can anyone help me out get some accurate numbers? I just want to see if even in a worst case scenario, I can break even on BFL machine in 1 year if bitcoins stay above $20 each.

Thanks

IF U ordered from bfl and didnt doit in june 2012

ur profitability has been gang banged

and bukaked

for all intensive purposes

Basically.  I am glad I canceled when they were given the exact amount of coins back not their exchange rate.   Dodged a bullet.

owsome bullet  dodger u are true jedi  like neo from the matrix:)

[phelix]

Im trying to do some calculations, but I dont see how I can account for the total network hashrate here? I can crank the difficulty up, but I dont think thats telling the whole story... or is it?

Pretty much. You want to simulate a network that is twice the hashrate of today? Double the difficulty. Want a network that is 10x? multiply the difficulty by 10x. 100x = 100x. They're closely related. You get the idea.

100 sounds reasonable