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ErebusBat (OP)
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April 11, 2013, 12:42:00 AM |
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(Your Hash Rate / Network Hash Rate) * 3600 = Coins mined per day
Thank you! And for the previous figures! |
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Minor Miner
Legendary
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Activity: 2464
Merit: 1020
Be A Digital Miner
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April 11, 2013, 12:47:14 AM |
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The network hash rate is about 68 TH today you would get about 0.33 btc per day ---
when avalon delivers would expect the network to be at about 200 TH and your rig will
produce 0.09 BTC per day--- if / when BFL come on line the will add about 562 TH to the network ie
network will be around 762 TH your rig will mine at about 0.0236 BTC per day --- I think you need a bigger mining rig
THANK YOU!!! This is exactly what I was looking for. Back when prices were at $266 then this wasn't a big deal... Just plug in and let it run, pays more that my mining contracts. What difficulty do those hash speeds translate to? 562 seems high for 6months from now but that would be about 55-60 Million in difficulty. |
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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April 11, 2013, 12:49:44 AM |
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If there will be a mini-miner, 5 GH/s, I will buy it. I prefer to get something like 15 GH/s though. Distributing these mini miners world wide, into 100+ countries, is only going to help the bitcoin network.
There are other reasons for people to buy it, other than if it is personally worth it. To me, if it helps secure the network, it is sort of worth it, since the value of my bitcoin (and everyone else's) is secure.
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ErebusBat (OP)
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April 11, 2013, 01:05:12 AM |
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If there will be a mini-miner, 5 GH/s, I will buy it. I prefer to get something like 15 GH/s though. Distributing these mini miners world wide, into 100+ countries, is only going to help the bitcoin network.
There are other reasons for people to buy it, other than if it is personally worth it. To me, if it helps secure the network, it is sort of worth it, since the value of my bitcoin (and everyone else's) is secure.
Right but coins mined should have a correlation to the amount of security you are actually adding to the network. 562 seems high for 6months from now but that would be about 55-60 Million in difficulty.
How do you translate between hash rate and difficulty? |
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Unacceptable
Legendary
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Activity: 2212
Merit: 1001
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April 11, 2013, 01:14:25 AM |
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If there will be a mini-miner, 5 GH/s, I will buy it. I prefer to get something like 15 GH/s though. Distributing these mini miners world wide, into 100+ countries, is only going to help the bitcoin network.
There are other reasons for people to buy it, other than if it is personally worth it. To me, if it helps secure the network, it is sort of worth it, since the value of my bitcoin (and everyone else's) is secure.
Right but coins mined should have a correlation to the amount of security you are actually adding to the network. 562 seems high for 6months from now but that would be about 55-60 Million in difficulty.
How do you translate between hash rate and difficulty? 131,384= 1 terahash worth of difficulty (its approx,not exact) So 131,384x250TH=32,846,000,diff for 250TH or network total  |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan  |
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Wayne_Chang
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April 11, 2013, 01:17:05 AM |
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Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.
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ErebusBat (OP)
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April 11, 2013, 01:22:10 AM |
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Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.
Good point. Although I live in WY which has very cheap power. Are there any other choices besides bfl? |
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Wayne_Chang
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April 11, 2013, 01:37:33 AM |
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Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.
Good point. Although I live in WY which has very cheap power. Are there any other choices besides bfl? Unfortunately, seems no. But, compare with give money to BFL for a scam, buy some BTC with same money from Mtgox seems more reasonable. |
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ErebusBat (OP)
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April 11, 2013, 01:42:05 AM |
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Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.
Good point. Although I live in WY which has very cheap power. Are there any other choices besides bfl? Unfortunately, seems no. But, compare with give money to BFL for a scam, buy some BTC with same money from Mtgox seems more reasonable. That has been my strategy thus far. However I am wondering if a small risk would be warrented on actually mining some. Break even in 3 months then have the bitcoins slowly pile up. With my very quick and not in depth calcs it would generate more coins than my mining contracts for less risk (BTC only). |
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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April 11, 2013, 03:34:41 AM |
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Well, if 1000 people have 5 GH/s units, and another 1000 have 15 GH/s units, thats 20000 GH/s or 20 TH/s. Regardless of what is mined (and don't forget tx fees on top of block rewards), wouldn't that help secure the network? Decentralization.
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Wayne_Chang
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April 11, 2013, 03:51:25 AM |
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Well, if 1000 people have 5 GH/s units, and another 1000 have 15 GH/s units, thats 20000 GH/s or 20 TH/s. Regardless of what is mined (and don't forget tx fees on top of block rewards), wouldn't that help secure the network? Decentralization.
All these are base on the assumption that BFL can deliver. In fact, base on their video, I really doubt it is true. I don't think a heatsink without fan can handle the heat of a 180W power consumption chip. Unless BFL has Mars technology which is better than Intel or AMD. |
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