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cdog (OP)
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February 25, 2013, 09:05:32 PM |
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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
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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tHash
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February 25, 2013, 09:22:58 PM |
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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.
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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February 25, 2013, 09:42:47 PM |
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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. |
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NEO2012
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March 07, 2013, 08:15:21 PM |
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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 |
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JWU42
Legendary
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Activity: 1666
Merit: 1000
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March 08, 2013, 01:40:43 AM |
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and bukaked
for all intensive purposes
<Begin english teacher> Two things... 1. It is bukkaked 2. "For all intents and purposes" </End English teacher> |
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crazyates
Legendary
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Activity: 952
Merit: 1000
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March 08, 2013, 06:36:04 AM |
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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. |
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Dalkore
Legendary
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Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
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March 08, 2013, 06:50:34 AM |
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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. |
Hosting: Low as $60.00 per KW - LinkTransaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
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NEO2012
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March 08, 2013, 03:20:16 PM |
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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:) |
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phelix
Legendary
Offline
Activity: 1708
Merit: 1019
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April 04, 2013, 03:35:35 PM |
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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  |
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