Mining Calculator Bitcoin, Ethereum, Litecoin, Dash and Monero
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This might seem like a fairly abstract question and might not be answerable, but I'm trying to calculate the rough odds of getting a single block hash correct per attempt. This is for the purpose of explanation/analogy rather than something I need to calculate. I notice there's a "Bitcoin difficulty" which is currently at 860 billion-ish. Is it reasonable to interpret this as a 1/860,000,000,000 chance of a correct hash, or does it not mean that? Given the network's current hash rate of approx 5,000,000 TH/s that number would seem absurdly low. I assume it's some sort of scaling factor. Given a correct answer occurs (by design) every 10 minutes that equates to roughly 3e+21 hashes before a correct hash is registered. I have no idea what that is in human numbers but more than 860 billion is a given. Is it right (probability-wise) to put the odds of a single hash attempt at 1/3e+21 or does it not work that way? Can anyone help me out with the ballpark math here?
I figured that i can get estimated ROI for 700$ on genesis cloud mining, in about 1 year or so mining bitcoin, hash calculator says its gonna take 6 months but i really doubt. Even if i take in count the fees for bitcoin, it still looks too easy, am i missing something? Or does this ROI rate actually makes sense?
How do People Calculate the Total Hash Power of Bitcoin
I see this number everywhere but I have no idea how anyone could know that. How does it work?!? Edit: How can you see that until they succeed? You don't see all the failed hashes, right? And how do you know who to watch? 🤔
[uncensored-r/Bitcoin] How to calculate hashing power
The following post by temevh is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7b432t The original post's content was as follows:
03-10 23:57 - 'Because Bitcoin's difficulty re-calculation is about every 2016 blocks, the chain with the lower hash rate will die off almost immediately. Miners on this smaller chain will be bleeding money by having to do more work for les...' by /u/s_nakamoo removed from /r/Bitcoin within 10-15min
''' Because Bitcoin's difficulty re-calculation is about every 2016 blocks, the chain with the lower hash rate will die off almost immediately. Miners on this smaller chain will be bleeding money by having to do more work for less pay. Most mining pools will go out of business very quickly. There are more articulate and tech savvy people than me that can explain this better than me, I recommend you visit BTC and post this question if you are looking for a more detailed answer. ''' Context Link Go1dfish undelete link unreddit undelete link Author: s_nakamoo
Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? Hashing denominations. 1 kH/s is 1,000 (one thousand) hashes per second 1 MH/s is 1,000,000 (one million) hashes per second. 1 GH/s is 1,000,000,000 (one billion) hashes per second. Hashing Calculator. You Mean I Can Share This? A simple calculator to convert hashes a second into KH/s MH/s GH/s TH/s PH/s EH/s ZH/s YH/s. Hash Rate. Convert into Hash Unit . Calculate. Converted Hash Rate. You Mean I Can Share This? Leave a Reply Cancel reply. Your email address will not be published. Required fields are marked * Comment. Name * Email * Website. Current [email protected] * About Us ... The Bitcoin mining calculator helps you to know how much profit you can earn from a Bitcoin miner. Considering all the relevant costs, including electricity, fees, and hardware, this mining calculator provides an estimated profit amount. Following are the detailed instructions on the usage of Bitcoin mining calculator –
This is part 3 of the Blockchain tutorial explaining what hashes are. In this video series different topics will be explained which will help you to understa... sorry for the late video blah blah youtube mess up Lite house Mining RTX 2060 mining results https://www.youtube.com/watch?v=0vmrgGWYEqg My Mining Farm updat... A brief and simple introduction to the hash function and how blockchain solutions use it for proof of work (mining) and data integrity (Merkle Trees). This is Hack Jack. In this video you will know how to calculate SHA-256 hash, also about what is it and additionally how to by-pass evilzone.org register ver... In this video I cover how to calculate mining profitability and important factors to consider. New To Crypto? Buy $100 of BTC and get $10 Free! https://www.c...