No investment is usually made without keeping the profitability in mind - and Bitcoin Mining Calculators help you determine the profitability of your mining operations.Ĭonsidering that in the world of cryptocurrency, everything is so dynamic - one always needs to keep a track of their progress - and how profitable their mining operations continue to be. It is a proper investment and it requires a detailed thought process behind it.
Mining is much more than just something that you do to gain Bitcoins. The mining calculator shows you your profits on an hourly, daily, weekly, monthly and yearly basis. When you enter all these factors into the Bitcoin mining calculator, the profitability of the mining operation is determined. Also, you can see the Bitcoin Price Prediction calculate. The higher the price of BTC, the more profitable your mining operation is. The current block reward is 12.5 BTC per block, which will reduce to 6.25 BTC per block in May 2020.įinally, the Bitcoin price is also taken into account: which has a major impact on Bitcoin mining profits. Ever since the Bitcoin network went live, mining difficulty has been constantly increasing - the higher the difficulty, the harder it is for miners to mine for Bitcoin.Īnother crucial factor here is the block reward - basically, the number of Bitcoins released upon solving a block: this number keeps reducing by 50% every four years. Mining difficulty is also considered as a factor. After deducting that percentage of the fees, you can get a better, clearer picture of the profitability of your mining. Pool fees percentage is also considered in this - most Bitcoin mining pools charge a small fee. The lower the price of electricity, the more profitable your Bitcoin mining operation is. Next, you need to enter the amount of power (in terms of Watts) that your mining device consumes.Īfter that, the price of the power is considered - the price at which you get electricity. Hash Rate is usually measured in GH/s (GigaHashes per Second).
Here’s a look at how our mining calculator works:īasically, you first need to consider the Hash Rate of your miner - the higher the hash rate, the faster it can mine for Bitcoins. Takes the input value of your mining hardware feeds it into the Bitcoin Mining Algorithm does the calculation and predicts the profit/revenue or you can no of bitcoin generated and profitability of the same This Bitcoin mining calculator will help you predict the amount of profit that you will be making based on the various factors that influence the mining operation. How does Bitcoin (BTC) Mining Calculator Works?
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