Bitcoin solo mining calculator

A Bitcoin mining calculator allows you to determine how much you can profit from a certain Bitcoin miner. It takes into account all relevant costs, such as hardware, electricity, and fees.

Prefer websites without ads? Bitmain Antminer S21 Hydro Power W. Block reward value Current value Average last 1h Average last 24h Average last 3 days Average last 7 days. Difficulty value Current value Average last 1h Average last 24h Average last 3 days Average last 7 days. More pools at MiningPoolStats Suggest a mining pool.

Bitcoin solo mining calculator

Many factors affect your mining profitability. Two of the main factors that influence your profitability are:. Our calculator assumes the 0. To use our calculator, all you need to do is plug in your miner's hash rate and power consumption as well as your electricity cost into the form. If you have many miners, then you can multiply the hash rate and power consumption by the number of miners you have. Or just fill the form in for one miner, and then multiply that number by the number of miners you have. If you have many different kinds of miners you are deploying, you will need to run this calculation for each one. Since our calculator only projects one year out, we assume the block reward to be 6. We also use the current mining difficulty in our calculations. Below are the inputs that require input from you.

The course did not go into this detail. Inthis reward will fall to just 3. You can learn more about our editorial guidelines.

Projections incorporate difficulty growth and reward halving. Update the difficulty, mining, and market parameters below to recalculate the tables and charts. Ethereum version. This calculator estimates profits from bitcoin mining by forecasting costs and future market conditions. Bitcoin is a digital, cryptographic, peer-to-peer currency. The money supply is increased automatically by the network by rewarding newly minted bitcoins to users who contribute the computing power necessary to solve the difficult cryptographic problems required to produce the global transaction log.

When calculating solo mining chances over a longer period of time, e. Because it is! This calculator aims to factor in a more or less realistic estimated growth of the network hashrate. By how much it is going to increase in the future is, of course, pure speculation, which is why you can adjust the yearly growth factor yourself, as you see fit. For example, if you think the network hashrate is going to double every year, you would set a value of 2.

Bitcoin solo mining calculator

A Bitcoin mining calculator allows you to determine how much you can profit from a certain Bitcoin miner. It takes into account all relevant costs, such as hardware, electricity, and fees. For a detailed explanation of each part of the calculator, keep on reading. Bitcoin mining secures the Bitcoin network.

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Jordan Tuwiner is the founder of BuyBitcoinWorldwide. For example if you leave Watts blank is the calculator factoring in an average or just using 0? If the total network hash rate goes up, the difficulty will increase, and your profitability will decrease. More Details All calculations assume that mining begins immediately. Future revenues are calculated assuming difficulty changes occur at regular intevals e. From past experience, it usually goes up as time goes by on average 0. If the total network hash rate goes down, difficulty will decrease, and your profitability will increase. Similar to the way cars are rated by their MPG miles per gallon , miners are valued by how many Bitcoins they yield according to the electricity they consume. Learn Bitcoin General knowledge. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Difficulty is a variable that determines how hard it is for a miner to find a block. Bitmain Antminer T Creative miners in cold areas can use the heat generated by miners to heat their houses in the winter. Interval days :.

Many factors affect your mining profitability.

Buy Bitcoin Worldwide does not offer legal advice. Bitmain Antminer S19J 90Th. The money supply is increased automatically by the network by rewarding newly minted bitcoins to users who contribute the computing power necessary to solve the difficult cryptographic problems required to produce the global transaction log. Prefer websites without ads? That's because one may be newer and therefore more efficient with its power consumption. However, today mining as a hobby is almost non-existent due to the fierce competition in this field. Mining Learn mining. Bitmain Antminer S17 Pro 56Th. First, the amount of newly minted BTC often referred to as coinbase, not to be confused with the Coinbase exchange halved to 25 BTC, and the current coinbase reward is Some hardware might not pay itself off at all. Profitability rating:. They are not guaranteed to be accurate, and are subject to change without notice.