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Author Topic: Ethereum (ETH) mining profit formula  (Read 1039 times)
BlackSheep19
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October 12, 2017, 09:18:44 PM
 #1

This short post aims at helping miners or aspiring miners estimate ETH earnings.  Finding an easy-to-use ETH profit formula on the web was quite hard for me, so it might help you.

This formula is very useful if your goal is to make estimate of future earnings (and profit) with your own spreadsheet.

Formula:

EarningsPerMonth = (UserHashMh * 1e6 / ((difficultyTH / BlockTimeSec)*1000*1e9))*((60/ BlockTimeSec)*BlockReward)*(60*24*30)*(EthPrice)

 With:

UserHashMh = Mining servers hashpower (in MH/s)
Difficulty in TH/s
BlockTime in seconds
BlockReward = number of ETH per block mined (5 currently)
EthPrice in fiat

Enjoy =)
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dagarair
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October 12, 2017, 09:25:37 PM
 #2

easier:

www.cryptocompare.com/mining/calculator

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October 12, 2017, 09:28:01 PM
 #3

How can I mine ethereum?
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October 13, 2017, 01:54:31 AM
 #4

How can I mine ethereum?

You must have a some hardware to mining the ethereum. Best thing you must have is GPU card and you could download minergate software and start it. It will mine the ethereum. It just a simple thing for the beggining.

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October 13, 2017, 03:47:59 AM
 #5

thank you for the information on how to measure the formula step about mining ETH, this information is very useful for me and some people who do mining, I prefer to mine ETH and save for me sell in the long term.

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October 13, 2017, 05:53:53 AM
 #6

How can I mine ethereum?

You must have a some hardware to mining the ethereum. Best thing you must have is GPU card and you could download minergate software and start it. It will mine the ethereum. It just a simple thing for the beggining.

Please do not use minergate, they give terrible hashrate because they steal them. Best is to search for miners such as Claymore's miner which are trusted by the community and give out decent hashrates.

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October 13, 2017, 05:58:20 AM
 #7


Made me lol. You could at least acknowledge the OP's efforts haha. But yeah, as a miner knowing the numerous number of online profit calculators should have been part of your initial research.

Allow me to add the some calculators i use as well:
http://whattomine.com
https://nicehash.com/?p=calc

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BlackSheep19
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October 14, 2017, 07:16:53 AM
 #8


Well, calculators are fine to give you current profits, but they can't help you with estimations of profit over time (they ask you to give a percentage increase of difficulty and price, which is impossible to know). This formula is useful for estimating futures profits in a spreadsheet, using an average USD / Mh/s ratio (based on the past)
car1999
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October 14, 2017, 07:49:58 AM
 #9

I don't think you need block time in the formula.
$/day = (hashrateMHs * block rewards *1,000,000 / difficulty) *60*60*24*ETH price.
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October 14, 2017, 10:09:20 AM
 #10

This is a good read for the beginners. I wished there was something like this when I started out mining a couple of years ago. Could have saved me the trouble. Props to you my friend for lending a helping hand to newer miners.

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October 14, 2017, 12:09:44 PM
 #11

News from Russia related to Ethereum mining, with a brand new innovation. A heater that will also mine Eth. From the Comino Company, a russian startup created a high tech solution to fight the economics recession that is happening now in Russia. A miner product, that release heat to the surrounding and can mine a value of approximately $300 per month.

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October 14, 2017, 12:12:01 PM
 #12

I love something theoretical. Thanks!

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BlackSheep19
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October 15, 2017, 09:03:25 AM
 #13

FYI, I built this formula from the source code of an Ethereum calcultor: https://github.com/badmofo/ethereum-mining-calculator/blob/master/index.html

Extract from the source code:

    function EtherMiningCtrl($scope, $http, $log) {
      $scope.ethPrice = ethereumStats.priceUsd;
      $scope.netHashGH = (ethereumStats.difficulty / ethereumStats.blockTime) / 1e9;
      $scope.blockTime = ethereumStats.blockTime;

      $scope.earnings = {};
      $scope.computeProfits = function() {
        var userRatio = $scope.userHash * 1e6 / ($scope.netHashGH * 1e9);
        var blocksPerMin = 60.0 / $scope.blockTime;
        var ethPerMin = blocksPerMin * 5.0;

        $scope.earnings.min = userRatio * ethPerMin;
        $scope.earnings.hour = $scope.earnings.min * 60;
        $scope.earnings.day = $scope.earnings.hour * 24;
        $scope.earnings.week = $scope.earnings.day * 7;
        $scope.earnings.month = $scope.earnings.day * 30;
        $scope.earnings.year = $scope.earnings.day * 365;
      };
BlackSheep19
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October 15, 2017, 09:09:54 AM
 #14

I don't think you need block time in the formula.
$/day = (hashrateMHs * block rewards *1,000,000 / difficulty) *60*60*24*ETH price.

The formula with blocktime is just more accurate, I think
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October 15, 2017, 05:23:11 PM
 #15

This short post aims at helping miners or aspiring miners estimate ETH earnings.  Finding an easy-to-use ETH profit formula on the web was quite hard for me, so it might help you.

This formula is very useful if your goal is to make estimate of future earnings (and profit) with your own spreadsheet.

Formula:

EarningsPerMonth = (UserHashMh * 1e6 / ((difficultyTH / BlockTimeSec)*1000*1e9))*((60/ BlockTimeSec)*BlockReward)*(60*24*30)*(EthPrice)

 With:

UserHashMh = Mining servers hashpower (in MH/s)
Difficulty in TH/s
BlockTime in seconds
BlockReward = number of ETH per block mined (5 currently)
EthPrice in fiat

Enjoy =)

thankyou
BlackSheep19
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October 22, 2017, 10:31:44 AM
 #16

This short post aims at helping miners or aspiring miners estimate ETH earnings.  Finding an easy-to-use ETH profit formula on the web was quite hard for me, so it might help you.

This formula is very useful if your goal is to make estimate of future earnings (and profit) with your own spreadsheet.

Formula:

EarningsPerMonth = (UserHashMh * 1e6 / ((difficultyTH / BlockTimeSec)*1000*1e9))*((60/ BlockTimeSec)*BlockReward)*(60*24*30)*(EthPrice)

 With:

UserHashMh = Mining servers hashpower (in MH/s)
Difficulty in TH/s
BlockTime in seconds
BlockReward = number of ETH per block mined (5 currently)
EthPrice in fiat

Enjoy =)

thankyou

Happy to help ! I'll try to provide more formulas (other cryptos)  Wink
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