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Author Topic: How do you calculate your mining profitability ?  (Read 1334 times)
dorift_it
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May 13, 2013, 07:28:01 PM
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considering all the factors, what and how are you calculating your profitability ? What returns are you expecting on your money in the next few months ?
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Trongersoll
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May 13, 2013, 08:31:50 PM
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heh, I call my mining a Hobby. Hobbies are notorious money pits. No profit expectations. heh.
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May 13, 2013, 08:33:20 PM
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considering all the factors, what and how are you calculating your profitability?

https://en.bitcoin.it/wiki/Profitability_Calculator

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May 13, 2013, 08:33:58 PM
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I use http://dustcoin.com/mining because it lets you calculate the profitability of mining other coins such as Litecoin or Bytecoin.
dorift_it
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May 13, 2013, 09:08:29 PM
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heh, I call my mining a Hobby. Hobbies are notorious money pits. No profit expectations. heh.

not for me... i have expensive hobbies enough such as cars, boats and guns lol
endriuska
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May 13, 2013, 11:11:08 PM
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none of these profitability calculators consider the diff increase, anyone knows one which takes that into count?
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May 13, 2013, 11:14:45 PM
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For BTC: http://www.bitcoinx.com/profit/

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May 14, 2013, 12:52:10 AM
 #8

none of these profitability calculators consider the diff increase, anyone knows one which takes that into count?

That would require knowing what the difficulty increases are going to be...which is great for maybe predicting out a month or two, but until all ASIC development / deployment is fully underway, it's really really hard to figure out what the difficulty will be after that.

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May 14, 2013, 02:39:06 AM
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well at least we can assume that diff will go up 20% every two weeks, and then even more... that's at least...
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May 14, 2013, 10:26:35 AM
 #10

your hash power*block value(25)*number of hours(usually 24)/difficulty
dorift_it
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May 14, 2013, 10:41:31 PM
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well at least we can assume that diff will go up 20% every two weeks, and then even more... that's at least...

depending on the type of coins you mine obviously
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May 15, 2013, 07:41:59 AM
 #12

I have written two articles that may assist in understanding why nobody knows the answer to these questions and why you'd better hope the price of your coin crashes.

http://coin.furuknap.net/litecoin-mining-profitability-guide/ (written for Litecoin but same factors apply to most coins)

http://coin.furuknap.net/why-investing-in-mining-is-always-a-bet-that-prices-will-drop/ (why a price decrease is beneficial to mining profitability)

.b

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May 15, 2013, 10:18:41 AM
 #13

considering all the factors, what and how are you calculating your profitability ? What returns are you expecting on your money in the next few months ?

The profitability is, if Id just invested in buying BTC rather than mining them, Id have been a lot more profitable...

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