Bitcoin Forum
December 06, 2016, 02:06:45 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Can someone guess how many bitcoins I might mine in 30 days with a 5970?  (Read 3154 times)
nemo
Sr. Member
****
Offline Offline

Activity: 434


View Profile
June 23, 2011, 03:29:24 AM
 #1

I get around 770 mhashs. My gut tells me 18 - 20.
1481033205
Hero Member
*
Offline Offline

Posts: 1481033205

View Profile Personal Message (Offline)

Ignore
1481033205
Reply with quote  #2

1481033205
Report to moderator
1481033205
Hero Member
*
Offline Offline

Posts: 1481033205

View Profile Personal Message (Offline)

Ignore
1481033205
Reply with quote  #2

1481033205
Report to moderator
1481033205
Hero Member
*
Offline Offline

Posts: 1481033205

View Profile Personal Message (Offline)

Ignore
1481033205
Reply with quote  #2

1481033205
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481033205
Hero Member
*
Offline Offline

Posts: 1481033205

View Profile Personal Message (Offline)

Ignore
1481033205
Reply with quote  #2

1481033205
Report to moderator
1481033205
Hero Member
*
Offline Offline

Posts: 1481033205

View Profile Personal Message (Offline)

Ignore
1481033205
Reply with quote  #2

1481033205
Report to moderator
AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392


View Profile
June 23, 2011, 03:39:33 AM
 #2

Deepbit's estimator says 0.79/day.

HOWEVER --

The difficulty is going to reset in a little over a day. It's going to be a 50% increase, which means you will make 2/3 what you make today, starting Friday at 6:00 AM or so.

Today, Tomorrow: 0.79/day
The 8-10 days after that: 0.521/day

So about 15.64 BTC per month -- but that assumes there are no more difficulty increases for the next 30 days. Which is not likely! It hasn't happened yet (in the post-May-2011 era we're in; namely, since most people found out about Bitcoin)

Then you have to place your bet on how much a BTC will be worth. $15? $10? $30?

One thing to keep in mind -- users of BTC don't feel any need to pay more for a BTC, just because difficulty went up. That's a common fallacy. If anything, higher price will lead to higher difficulty, as greedy miners buy more equipment and make the difficulty go up. That actually makes sense. But the other way around? No.

The same number of BTC will be produced in a week (6/hour, creeping up to 8 or 10/hour after 8 days) whether the "bounty" is divided up by 1000 miners, 1500 miners, or 2000 miners. Adding more miners to the system makes BTC harder to produce, but the same number are produced when all is said and done.

Yes, we happened to have a run-up in price as difficulty rose twice in late May/early June. But that was a coincidence; a product of a manic bubble which spectacularly burst at $32. I haven't seen any $30 BTC for a while. Wish I had!  I'm a miner myself, so I'd love to see $30 BTC. But I'd also like to sprout wings and fly. Neither are likely, unfortunately for me.

If you want to be conservative in your expectations -- or super-optimistic -- that's up to you. All you can do is run the numbers and decide if it's for you or not.
nebiki
Full Member
***
Offline Offline

Activity: 154


View Profile
June 23, 2011, 03:45:28 AM
 #3

my calculator tells me it's ~14. it assumes a network speed increase of roughly 4% per day.

1DWttUPMiDL1ou64SoUriZ29bxdoChjPns
nemo
Sr. Member
****
Offline Offline

Activity: 434


View Profile
June 23, 2011, 03:53:12 AM
 #4

Wow guys, thanks. This makes me feel absolutely horrible about losing 10 coins to namecoin speculation.  Cheesy
TylerJordan
Jr. Member
*
Offline Offline

Activity: 38



View Profile WWW
June 23, 2011, 04:51:55 AM
 #5

zero zip nada, unless you join a pool.  With a pool you'll have about 10-12 in thirty days time with the difficulty set to jump massively again.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!