However, the accuracy of the Bitcoin mining calculator improves the more honest information you supply.
How to Use 2CryptoCalc Mining Profitability Calculator - Crypto Mining Blog
The mining results are based on multiple changing factors and are just valid for the given values, thus it's best practice to rely on the Bitcoin mining calculator for a short time frame only. While the Bitcoin difficulty has almost always risen after the expected validity of 14 days and thus might be somewhat forseeable, the Bitcoin exchange rate has proven to highly fluctuate, which might lead to a dramatically different outcome.
Because of this dynamics we are only displaying results for at most one month.
Bitcoin Mining Calculator. 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.
Why Our Calculator is the Most Accurate
This process is called mining. Future revenues are calculated assuming difficulty changes occur at regular intevals e. The exchange rate is held fixed, so the assumption is that all BTC revenues are held and exchanged for USD at the end of the time horizon.
Hence, if you expect the exchange rate to rise or fall, enter the value you expect at the end of the time horizon. The starting difficulty is taken to be the current difficulty. The USD exchange rate is taken to be the daily volume-weighted average exchange rate reported by Bitstamp. These values are updated periodically throughout the day.
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The remaining default values are fixed. Exchange rate are obtained from Bitstamp.
Hash Rate Conversion Table
Statistics about the bitcoin network difficulty, block count, etc. To determine appropriate values for the remaining parameters, additional data are available from external sources on US electricity rates , EU electricity rates , historical difficulty levels , and mining hardware hash rates and power consumption.
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All calculations assume that mining begins immediately. The current block number is taken to be length of the current longest blockchain as given updated every fifteen minutes. Calculations begin at the given difficulty. The number of days until the first difficulty adjustment is taken to be the ETA estimate provided by blockexplorer.
Bitcoin Mining Profit Calculator
Subsequent increases are assumed to occur regularly according to the specified interval. Since difficulty changes occur every blocks, the interval in days you choose for difficulty adjustments implies a rate at which new blocks are solved. The reward for solving blocks e. Estimated transaction fees are not yet included.