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puremage111 (OP)
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September 17, 2017, 01:31:45 PM |
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Is there ways to calculate it? According to : https://blockchain.info/charts/hash-rateThe Hashrate per second is 7,700,000 ~ 8,000,000 Terahash/second With 12.5 Bitcoin/Block reward, 10 Minute Block Time , results 1800 BTC Mined/Day Based on current price, around $6,500,000 ~ $7,000,000 in BTC is mined. 1) How could i calculate how much is spent in electricity / day? 2) Is the current Reward in Bitcoin - Electricity Price of mining = Positive profit? Thanks |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Moneroman88
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September 17, 2017, 01:38:53 PM |
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I only know for certain that I personally invest about 1$ in BTC a day on average
Ive calculated that
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FruitsBasket
Legendary
 Offline
Activity: 1232
Merit: 1017
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September 17, 2017, 01:42:48 PM |
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Is there ways to calculate it? According to : https://blockchain.info/charts/hash-rateThe Hashrate per second is 7,700,000 ~ 8,000,000 Terahash/second With 12.5 Bitcoin/Block reward, 10 Minute Block Time , results 1800 BTC Mined/Day Based on current price, around $6,500,000 ~ $7,000,000 in BTC is mined. 1) How could i calculate how much is spent in electricity / day? 2) Is the current Reward in Bitcoin - Electricity Price of mining = Positive profit? Thanks Hey, It is impossible to know the exact costs of the electricity that is used daily for bitcoin mining, since the electricity rates are different in every country and even within a country there are different rates. You can estimate it by taking the avarage cost for electricty for each country and multiply it by the total hashrate that country has. Do this for every country that mines btc and add all values together and you will have your answer. Regards, FruitsBasket |
fck@dt-alwayzz_newbz
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puremage111 (OP)
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September 17, 2017, 01:45:41 PM |
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Is there ways to calculate it? According to : https://blockchain.info/charts/hash-rateThe Hashrate per second is 7,700,000 ~ 8,000,000 Terahash/second With 12.5 Bitcoin/Block reward, 10 Minute Block Time , results 1800 BTC Mined/Day Based on current price, around $6,500,000 ~ $7,000,000 in BTC is mined. 1) How could i calculate how much is spent in electricity / day? 2) Is the current Reward in Bitcoin - Electricity Price of mining = Positive profit? Thanks Hey, It is impossible to know the exact costs of the electricity that is used daily for bitcoin mining, since the electricity rates are different in every country and even within a country there are different rates. You can estimate it by taking the avarage cost for electricty for each country and multiply it by the total hashrate that country has. Do this for every country that mines btc and add all values together and you will have your answer. Regards, FruitsBasket Lets take $0.05 $/kwh What would be the calculation here? Total Hash Rate / Mining Rigs amount * Mining Rig electricity per day? |
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Slow death
Legendary
Offline
Activity: 3010
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
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September 17, 2017, 02:13:59 PM |
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Is there ways to calculate it? According to : https://blockchain.info/charts/hash-rateThe Hashrate per second is 7,700,000 ~ 8,000,000 Terahash/second With 12.5 Bitcoin/Block reward, 10 Minute Block Time , results 1800 BTC Mined/Day Based on current price, around $6,500,000 ~ $7,000,000 in BTC is mined. 1) How could i calculate how much is spent in electricity / day? 2) Is the current Reward in Bitcoin - Electricity Price of mining = Positive profit? Thanks here https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12you can get your doubts, if you have any doubts go to the bitcoins mining section |
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Eugene_Debs_Hartke
Newbie
Offline
Activity: 22
Merit: 0
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September 17, 2017, 03:01:44 PM |
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Is there ways to calculate it? According to : https://blockchain.info/charts/hash-rateThe Hashrate per second is 7,700,000 ~ 8,000,000 Terahash/second With 12.5 Bitcoin/Block reward, 10 Minute Block Time , results 1800 BTC Mined/Day Based on current price, around $6,500,000 ~ $7,000,000 in BTC is mined. 1) How could i calculate how much is spent in electricity / day? 2) Is the current Reward in Bitcoin - Electricity Price of mining = Positive profit? Thanks If you don't count the costs of hardware, yes that would be the profit. I'd say maybe it's half the reward, so $3-4m a day. |
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