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fullzero (OP)
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April 14, 2019, 07:29:42 PM
Last edit: October 31, 2024, 01:00:53 PM by fullzero
 #1

az

mnh_license@proton.me https://github.com/hartmanm How difficulty adjustment works: Every 2016 blocks, the Network adjusts the current difficulty to estimated difficulty in an attempt to keep the block generation time at 10 minutes or 600 seconds. Thus the Network re-targets the difficulty at a total difficulty time of:  2016 blocks * 10 minutes per block = 20160 minutes / 60 minutes = 336 hours / 24 hours = 14 days. When the Network hashrate is increasing; a difficulty ( 2016 blocks ) should take less than 14 days.  How much less can be estimated by comparing the % Network hashrate growth + what the Network hashrate was at the beginning of the difficulty ( 2016 blocks ) against what the Network hashrate was at the beginning of the difficulty ( 2016 blocks ).  This is only an estimate because you cannot account for "luck"; but you can calculate reasonably well using explicitly delimited stochastic ranges. The easy way to think about this is to look at this graph and see how close to 0 the current data points are on its y axis.  If the blue line is above 0 the difficulty ( 2016 ) blocks should take less than 14 days; if it is below it should take more. http://bitcoin.sipa.be/growth-10k.png
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April 16, 2019, 03:15:58 PM
 #2

You should provide some more friendly interface, automatic days between months calculation and put this into a mobile app  Grin



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stomachgrowls
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April 16, 2019, 05:55:06 PM
 #3

You should provide some more friendly interface, automatic days between months calculation and put this into a mobile app  Grin

You wont even notice on where to input those numbers.  Grin


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fullzero (OP)
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April 16, 2019, 09:41:33 PM
Last edit: October 31, 2024, 01:01:28 PM by fullzero
 #4

az

mnh_license@proton.me https://github.com/hartmanm How difficulty adjustment works: Every 2016 blocks, the Network adjusts the current difficulty to estimated difficulty in an attempt to keep the block generation time at 10 minutes or 600 seconds. Thus the Network re-targets the difficulty at a total difficulty time of:  2016 blocks * 10 minutes per block = 20160 minutes / 60 minutes = 336 hours / 24 hours = 14 days. When the Network hashrate is increasing; a difficulty ( 2016 blocks ) should take less than 14 days.  How much less can be estimated by comparing the % Network hashrate growth + what the Network hashrate was at the beginning of the difficulty ( 2016 blocks ) against what the Network hashrate was at the beginning of the difficulty ( 2016 blocks ).  This is only an estimate because you cannot account for "luck"; but you can calculate reasonably well using explicitly delimited stochastic ranges. The easy way to think about this is to look at this graph and see how close to 0 the current data points are on its y axis.  If the blue line is above 0 the difficulty ( 2016 ) blocks should take less than 14 days; if it is below it should take more. http://bitcoin.sipa.be/growth-10k.png
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April 27, 2019, 05:51:27 PM
 #5

This tool would be quite a handy tool looking at the purpose it would server. At least it would help miners estimate their cost in setting up a  mining rig and decide if it would be advisable to go into mining looking at the fact that mining is really not profitable as it used to be especially if you are mining individually.

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April 28, 2019, 01:05:02 AM
 #6

I think this will be a helpful tool to see the electricity cost your rig, Actually I'm looking for this kind of tool Smiley
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April 28, 2019, 10:03:28 PM
 #7

This looks impressive. I don't really find the user interface so easy for newbies easy navigation. Maybe you can work on that. Asides that, every other property of the mining calculator is good


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April 29, 2019, 03:10:53 AM
 #8

This may help little bit nice efforts but there are alot of other factors like mining machine,GPU,ASICs are also the key factors which must be calculated for accurate mining.

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April 29, 2019, 03:25:42 AM
 #9

Fellow miners,

I made this tool last year for openrig.net and ultimately decided not to integrate it.

mining electric cost calculator Link

It allows you to easily estimate your mining electric cost using details from your electric bill and rigs.

It is built with HTML and jquery 3.4.0.

If you download the Github repo and run it locally in your browser; you can edit the default configuration json(s) (near the top of the file) to allow your configuration to persist.



I appreciate your effort building this tool for miners though it might be ideal if you could provide a more user friendly and intuitive GUI interface for ease of use and also I guess a simple tutorial will be very much appreciated by the community. Smiley
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April 29, 2019, 08:03:44 AM
 #10

 Grin It seems to me that many of them use EXl professionally. Of course, maybe your software is more convenient to use. However, those who are accustomed to counting expenses, he already protects. Thanks for the link, see what you have created.

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April 29, 2019, 09:05:53 AM
 #11

This is a nice development and i like the idea behind the project. You need to make some improvements concerning the user interface it seems to hard for a novice to understand.  With that improvement the tool will be a very effective one for miners

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April 29, 2019, 11:15:39 AM
 #12

For the miners, the tools are really good, the electricity bill calculations do record the form every month, and the tools can make more progress. Have a memory function?

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April 29, 2019, 12:18:17 PM
 #13

It's a nice calculation to get out of the Electrical cost. It is possible to get a lot of information out of it.

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April 29, 2019, 01:02:01 PM
 #14

This post/tools is really good for miners to know about electricity cost. This can really help in terms of computing the profit. Thanks mate !  Smiley
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April 29, 2019, 01:22:59 PM
 #15

This tool is a very good initiative from you mate. It will be of tremendous help to miners as they wouldn't have to go through all the stress in calculating their electrical mining cost

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April 29, 2019, 05:07:47 PM
 #16

I think this will be a helpful tool to see the electricity cost your rig, Actually I'm looking for this kind of tool Smiley
Exactly mate you are right and I agree with you. It was quite very helpful for like us who have not much knowledge. Now I can calculate mining electric cost very nicely.

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April 29, 2019, 09:14:51 PM
 #17

This is good and well done, I would have loved to have a good interface, this is what most good projects in the space are lacking, good projects but bad  for users to use it. Another good example is the Lighting Network, I hope the developers will take these comments and use them to improve the calculator

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April 29, 2019, 10:20:47 PM
 #18

This is really nice and also very quite helpful but am thinking that for someone that knows little or nothing about minning that this looks kind of difficult. Have learnt from this. Thanks for sharing

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April 30, 2019, 11:58:11 AM
 #19

Thanks, this is really a very interesting idea, perfect for mining.
I have always been interested in statistics and live data, now I can take it more fully.
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May 01, 2019, 01:58:41 PM
 #20

Fellow miners,

I made this tool last year for openrig.net and ultimately decided not to integrate it.

mining electric cost calculator Link

It allows you to easily estimate your mining electric cost using details from your electric bill and rigs.

It is built with HTML and jquery 3.4.0.

If you download the Github repo and run it locally in your browser; you can edit the default configuration json(s) (near the top of the file) to allow your configuration to persist.



I appreciate your effort building this tool for miners though it might be ideal if you could provide a more user friendly and intuitive GUI interface for ease of use and also I guess a simple tutorial will be very much appreciated by the community. Smiley

I think the interface is simple; I am open to suggestions for how to make it more intuitive.

I have added more information to the OP, let me know if you think that is effective as a tutorial.



It's good to see the OP has significant improvements over the previous one and is much easy to understand now with descriptions in it. I  think maybe you could put a kilowatt hour unit (KWH) in your "Usage" field like this "Usage in KWH" to make it more specific. And also I was thinking if you could make a list of GPU's with average usage in KWH per day and integrate it into your calculator to have more precise results? I hope I am not being too demanding with it. Smiley
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