Hi,
I am a Newbie and am sure that this has been asked a 1000 times,but I still didn't get it.
I produce a 130Mhps mining load. My Q is: does that make sense? If I have done my math right, I will be making 0,0000033451444 EUR per hour?
Where is the mistake?
Thank you,
sbv
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=0.130&p=2600.00&pc=0&pf=0.00&d=475705205061.62900000&r=12.50000000&er=1069.00000000&hc=0.00with that hashrate, you'll make about 3 dollarcents a YEAR, without factoring in power costs and hardware costs at current diff, block reward and BTC rate... Even with free electricity, the hardware cost and diff rise will make sure you have negative profit...
What happened? You're probably either CPU mining, or GPU mining to achieve this hashrate... Years ago, people started producing ASIC's, those ASIC's are basically machines that are made with the sole purpose of creating sha256d or scrypt hashes. Those machines are really efficient and achieve a waaaaay higher hashrate per Watt of power draw compared to your CPU or GPU.
Since those machines appeared in the bitcoin ecosystem, they have pushed the difficulty higher and higher. At this point, the difficulty is so high it makes more sense to invest your money into lottery tickets instead of investing it in power to mine with your CPU or GPU...
IF you want to mine profitably, you need a latest gen ASIC, really cheap power (sub 7 cents/Kwu), a ton of luck, a mining room, technical knowledge,...
IF it's just mining to decentralise the network/fun/learning, you can pick up some older ASIC's really cheap, or buy a new geccoscience usb miner... They probably won't break even, but you get to see some shares coming in when you add your hashrate to a bigger pool...