Say I have a given piece of hardware (CPU/GPU). Where can I find out how much Bitcoin will I mine per day?
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Go to http://bitminter.com/test and click the "test start" button. If you have Java installed the miner should launch. Click "engine start" on your GPU(s) to start mining and the GUI will show how many bitcoins per day you will make (on average). Note that you are actively mining in a pool without getting paid. This test page launches a version of the miner which is only meant to be used for a short time for testing. |
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There is a list here that is kept relatively up to date with the possible hashrate of various CPUs and GPUs https://en.bitcoin.it/wiki/Mining_hardware_comparison Once you know the number of hashes you can generate, you can use an online mining calculator and calculate the numbers of bitcoins you can mine per day (on average) and the current price of those bitcoins in other currencies. It is worth pointing out that when most people talk about "mining" bitcoins these days, they are talking about pooled mining. Depending on the fees of your pool you can make anywhere from 2%-10% less than expected. If you mine by yourself, the bitcoin you are expected to make has a high degree of variance. |
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D = Difficulty H = Mhash/s 24 / (D * 2^32 / (H * 10^6) / 60 / 60) * 50 = BTC/day |
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You should consult this wiki entry to know how many hashes per second can you generate with your hardware. Afterwards, just input the value into a bitcoin mining calculator and you will have an estimation of your payout ratio. Please note that this calculator does not take difficulty into account so your earned value is likely to change over time. There are other calculators that try to predict the evolution of the difficulty, but they are not very accurate. Right now, difficulty depends on too many factors to be correctly predicted for a period longer than a couple of months. |
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If:
Then you can expect to earn:
or roughly:
B is currently a little over 50 BTC if you take transaction fees into account, and varies block by block. (1) is exactly correct (2) is an approximation, correct to 7 significant digits This answer is slightly off due to assuming 65535 == 65536. |
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Yet another bitcoin mining profitability calculator - detailed and including a decline factor to compensate for mining hardware advancement (I am the author). |
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If you are interested in how your profitabililty will change as the network hashrate gorws this calculator is the best IMO. http://bitcoininsight.com/2013/04/14/bitcoin-mining-profitability-calculator/ Although you will have to make some guesses about how the network will grow, it should be more accurate than just a plain guess as to what the difficulty will be in X months time. |
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