Raven mining profitability formula

[Imelbi]

Hey guys, does anyone know how to calculate raven mining profitability based on block time, block reward, difficulty, and hashrate without whattomine or any other calculators?

I tried this one that I found online, but apparently, it does not match. (block reward * 24.0 * 3600.0 /(difficulty * 2³² / hashrate))*exchange rate

Any help will be much appreciated.

[cybersofts]

Mine is an online calculator though...
I think you should check out the ravencoin mining calculator: http://ravencalc.xyz/
I used this calculator for a while and I think it is very useful for the beginners.  

[Metroid]

Mine is an online calculator though...
I think you should check out the ravencoin mining calculator: http://ravencalc.xyz/
I used this calculator for a while and I think it is very useful for the beginners.  

That calculator is wrong. How were you deceived by that is beyond me, go check the real https://whattomine.com/coins/234-rvn-x16r

[Butterscotch Cartman]

Why the fuck would you even touch that shitcoin.

[crairezx20]

You can check this formula below it might help you to calculate how many coins you can mine per day then just times the coins to the coin current price.

Coins Per Day

Ethash      YourHashRate_in_MHs * BlockReward * 86400 * 10^6 / Difficulty

Cryptonight   YourHashRate_in_KHs / Difficulty * BlockReward * 86400 * 1000    

Equihash           YourHashrate / NetHashRate / BlockTime * 86400 * BlockReward    
 
{   _{Remark: In case of Equihash the NetHashRate is calculated by  Difficulty / BlockTime * 2^13,
     in Ethash by  Difficulty / BlockTime and in other algos the NetHashRate is calculated by Difficulty / BlockTime * 2^32} }

Most other algos (/w many exceptions, lol)  YourHashRate_in_MHs * BlockReward * 86400 * 10^6 / (Difficulty * 2^32)


Your profit/day is CoinsPerDay*CoinPrice minus PowerConsumption*EnergyPrice


That's all I got.

if you are not satisfied to the above formula you can check these 2 links below.

https://www.reddit.com/r/Bitcoin/comments/262riz/what_is_the_formula_for_mining_profitability/
https://forum.zcashcommunity.com/t/help-calculating-profit-per-day-making-my-own-profitability-calculator/20151/14

[lunobird]

Why the fuck would you even touch that shitcoin.

Bc he's a newb and newbs fomo when he saw raven mooning
 He's clueless about mining difficulty. He's ready to mine that pos and get rekt. I'm happy to dump my Ravens at his face at these levels when I was mining them at 300 Sats. Rinse and repeat.

[sefirotius]

Mine is an online calculator though...
I think you should check out the ravencoin mining calculator: http://ravencalc.xyz/
I used this calculator for a while and I think it is very useful for the beginners.  

this calculator does not correctly show the same whattomine shows correctly

[jony35490]

Mine is an online calculator though...
I think you should check out the ravencoin mining calculator: http://ravencalc.xyz/
I used this calculator for a while and I think it is very useful for the beginners.  

It’s quite good way to calculate mine. But It's the only method for calculation? Please let me know there have any others way.

[mak013]

Why the fuck would you even touch that shitcoin.

Surely. Mine BTC-ETH and be happy. Don`t touch shitcoins! Get your $10 then you can make $20, but dont touch shitcoins! Profit from shitcoins is not right profit, dont touch it!

[rnchavez19]

Why the fuck would you even touch that shitcoin.

Surely. Mine BTC-ETH and be happy. Don`t touch shitcoins! Get your $10 then you can make $20, but dont touch shitcoins! Profit from shitcoins is not right profit, dont touch it!

It really depends on your risk tolerance. we all have different point of views, others have to explore and take the fall or rise on their own.
BTC, XRP,  ETH, LTC... playing on the majors offers much less risk and more secured than the cross-overs and exotics but if you're on the upper hand (or you just get lucky) the gain is pretty much decent. but still. it really really really depends

[TheHas]

Why the fuck would you even touch that shitcoin.

It's in top 40 by coinmarketcap, has backing from a large investor (overstock) and more than 30 people working on its development to support digital asset storage (among other projects).

I'm not sure what you're looking for to get something out of shitcoin territory, but I wouldn't put ravencoin in that category. What exactly puts you off raven?

[wheelz1200]

Why the fuck would you even touch that shitcoin.

Surely. Mine BTC-ETH and be happy. Don`t touch shitcoins! Get your $10 then you can make $20, but dont touch shitcoins! Profit from shitcoins is not right profit, dont touch it!

It really depends on your risk tolerance. we all have different point of views, others have to explore and take the fall or rise on their own.
BTC, XRP,  ETH, LTC... playing on the majors offers much less risk and more secured than the cross-overs and exotics but if you're on the upper hand (or you just get lucky) the gain is pretty much decent. but still. it really really really depends

If you are insta selling your rewards, risk tolerance is out the door with coins with volume.  If you are holding then yeah it's all about individual risk assessment.  Most people mining insta sell though so it's pretty much mine the most profitable that has volume.

[mak013]

Why the fuck would you even touch that shitcoin.

Surely. Mine BTC-ETH and be happy. Don`t touch shitcoins! Get your $10 then you can make $20, but dont touch shitcoins! Profit from shitcoins is not right profit, dont touch it!

It really depends on your risk tolerance. we all have different point of views, others have to explore and take the fall or rise on their own.
BTC, XRP,  ETH, LTC... playing on the majors offers much less risk and more secured than the cross-overs and exotics but if you're on the upper hand (or you just get lucky) the gain is pretty much decent. but still. it really really really depends

Use the brain. Even if you believe only in BTC, you have not much chances to mine it with GPU(for example surely). But you can get it with GPU in another way. Why cant you think widely?

[h311m4n]

Hey guys, does anyone know how to calculate raven mining profitability based on block time, block reward, difficulty, and hashrate without whattomine or any other calculators?

I tried this one that I found online, but apparently, it does not match. (block reward * 24.0 * 3600.0 /(difficulty * 2³² / hashrate))*exchange rate

Any help will be much appreciated.

I never use difficulty equations or whatever. The way I quickly do profitability calculation for a given time t (completely random numbers, can be applied to any coin, replace with correct values):

Get the blocktime: i.e. 60 seconds
Get the blockreward: i.e 10 coins per block

That means you get 10*60 = 600 coins generated per hour, *24 = 14'400 coins a day

Get the Nethash : i.e. 10Gh/s
Estimate your total hashrate: i.e. 0.01Gh/s

You make up for 0.01/10 = 0.001 or 0.1% of the nethash

As such you can estimate to win 0.001*14'400 = 14.4 coins a day.

[mak013]

I never use difficulty equations or whatever. The way I quickly do profitability calculation for a given time t (completely random numbers, can be applied to any coin, replace with correct values):

Get the blocktime: i.e. 60 seconds
Get the blockreward: i.e 10 coins per block

That means you get 10*60 = 600 coins generated per hour, *24 = 14'400 coins a day

Get the Nethash : i.e. 10Gh/s
Estimate your total hashrate: i.e. 0.01Gh/s

You make up for 0.01/10 = 0.001 or 0.1% of the nethash

As such you can estimate to win 0.001*14'400 = 14.4 coins a day.

Yes, mostly for quick calculation it`s a right way, i count the same way, but there were some situations when it wasn`t even close to reality. As i can remember - long ago RVN difficulty war recounting not so frequently as now and after nicehash it occupied a lot of time to find just one block.

[martychubbs]

I made it the same way as you did. Sometimes I calculate with special tools for that like calculator but it's not always correct, and I see that many people have the same trouble. I am not sure I understand how to use hashrate in the calculation though. Besides, no offence - but do you trust Raven? From time to time it makes me wonder if it is the right coin to rely on.

[King_of_Shitcoins]

Why the fuck would you even touch that shitcoin.

Lick my jolely holy hole you worthless ass     
You should delete your account on your way down

[babos8383]

I think that it is extremely difficult to calculate, because the blocks are different, one for example 5 seconds and the second for a minute. it is easier to calculate the speed of the miner. calculators online very much