Mining earnings calculation

bobsmoke (OP)

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Mining earnings calculation

November 17, 2013, 10:45:56 AM

#1

Hello,

Are the below numbers correct in terms of what a person could expect and how to have a estimation of earnings regarding mining?

If you have 500 Gh/s and current Network Hash is 4,774,909 Gh/s and there are 3600 BTC mined per day.
Can you say in average you would expect to mine 0.37 BTC/day?

x = ( 3600 * 500 ) / 4774909 = 0.37

thx

teletobi

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Re: Mining earnings calculation

November 17, 2013, 01:05:04 PM

#2

Have a look here:
http://mining.thegenesisblock.com

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Johanna

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Re: Mining earnings calculation

November 17, 2013, 03:59:40 PM

#3

Quote from: bobsmoke on November 17, 2013, 10:45:56 AM

Hello,

Are the below numbers correct in terms of what a person could expect and how to have a estimation of earnings regarding mining?

If you have 500 Gh/s and current Network Hash is 4,774,909 Gh/s and there are 3600 BTC mined per day.
Can you say in average you would expect to mine 0.37 BTC/day?

x = ( 3600 * 500 ) / 4774909 = 0.37

thx

You don't calculate it using network hash, you calculate it using the difficulty to get an estimate....

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bobsmoke (OP)

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Re: Mining earnings calculation

November 17, 2013, 04:03:48 PM

#4

Could you please illustrate?
thx