Questions tagged [mining-profitability]

This tag should be used for questions about the economics of mining operations.

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Is IQmining worth the investment? [on hold]

I am interested in investing in crypto-contracts, is IQmining worth the investment?
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How much money in terms of electricity and hardware was invested into blockchain? [closed]

Right now in this moment Thu 11 July 2019 22:08 UK time That's a sizeable number. Almost as big a fraud comitted by a single bank: https://en.wikipedia.org/wiki/Danske_Bank_money_laundering_scandal ...
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How much electricity and time would mining a bitcoin consume right now? [duplicate]

I live in an area where electricity is really cheap, I'm talking 0.003 USD per kilowatts/hour. I've searched myself around internet apparently it takes 15 000 kilowatts/hour of power to mine a bitcoin,...
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What is stopping pool managers to fake a miner?

What if a pool manager introduces a miner that is not there and then uses the reward distribution?
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35 views

Bitcoin Mining Reward Formula

I'm trying to calculate daily bitcoin mining reward for single S9 miner. There is a thread with the formula, but it doesn't work for me. Please tell me what I did wrong. block_reward = 12.50 ...
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What is the minimum hash rate power should I have to get rewarded in btc.com? [duplicate]

I just want to know how much minimum hash rate power should someone have to receive reward in btc.com or other pools?
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1answer
40 views

Known cases of miners withholding blocks when used as randomness?

There are some applications that use the blockhash as a source of randomness, often with a payout similar to a lottery. I've heard of attacks where it would be more profitable for a miner to withhold ...
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203 views

How to perform CPU mining on bitcoin TESTNET on Linux?

I need approximately 100 Bitcoin Testnet to run an experiment on the lightning network. Any suggestion on how to run CPU mining? Should I use cgminer? Make any sense to perform solo mining on ...
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1answer
47 views

How has the hash rate for bitcoin continued to increase despite price drops and miners dropping out?

Despite price dropping in 2018, the hash rate for bitcoin tripled from around 15 EH/s to 45 EH/s. Why is this the case? I am aware that the network difficulty adjusts meaning that if miners drop off, ...
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39 views

Which is the more productive miner output k/sh or G/hs

Which would be the most efficient and profitable miner, one at k/hs or g/hs ? I am seeking to find which "miner" algorithm i.e. daggerhashimoto blake2s etc would be best to mine with most of the ...
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Mining bitcoin applications [duplicate]

Is mining legal I see a lot of different apps to mine and if so after Mining and you see how many did you have gotten how do I add it to my wallet or is it depending on the site I use
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2k views

how long can it take me to get 1 BTC on mining speed 30.9945H/s and 72.99451H/s respectively [closed]

im new to this biticoin mining, i justed to know is it going to earn me anything soon where my mining speed is at 30.9945165416H/s and 72.9945165416H/s really? how long can it take me to get 1 BTC ...
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Reason for Mininig a block without transaction

I came to know that there are people who mine a new block without any transaction. I understand that this is just to get the block reward. Reference https://www.blockchain.com/btc/block/...
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What is the estimated price of Bitcoin which will push miners to stop mining if its price dropped to uneconomical level ? [closed]

What is the estimated price of Bitcoin which will push miners to stop mining if its price dropped to uneconomical level?
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1answer
69 views

Is it possible to take advantage of FP16 for mining BTC or ALTs?

I know mining uses mostly Integers, not Floating Point Ops... but still, is it possible to use Graphics Cards that support native 16bit Math for mining? Will it improve the performance in specific ...
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1answer
35 views

what is a miner's main source of income

the name miner might come from the fact that it earns profits from block rewards; but a miner also earns profits from transaction fees, and it can choose which transactions to include into a block or ...
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495 views

Scammed by bitcoin mining [closed]

This Instagram account managed to scam me into sending bitcoin to the miner she said would make me money. I explained I was a novice and she said she would help me through the process, she then ...
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1answer
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Is this calculation of mining probability using the Bernoulli trial formula accurate?

I'm trying to understand the formulas for successfully mining a block (without a pool) based on hashrate over time (i.e. to chart the probability of finding a block at various historical points ...
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1answer
58 views

How does difficulty impact profitability? what is the formula?

I have an Antminer S9 ASIC miner , and I have visited this , but I want to know how difficulty may impact my profitability in the future. I would also like to estimate break even costs.
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55 views

Funds disapprearance [closed]

I stored 0.0154 BTC in my blockchain for mining purposes and next morning I found my balance to be 000, what does that mean? Are my coins lost or stored somewhere else?
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3answers
123 views

Do more miners imply less reward?

I'm trying to understand the following: There is a limited amount of mining reward for every currency and a precise amount is rewarded for every block a person wins per time. Since most people mine ...
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1answer
84 views

Can you make profit from a miner?

Someone named mr_richard665 on instagram told me he was a bitcoin broker that worked with bitcoingroup and that he could help me make 30% profit everyday from my investment if i let him manage my ...
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1answer
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Cloud mining contracts [duplicate]

I don't get it. How it can be profitable even in theory? F.e. if someone has a machine that earns say 2$ per day, why would he want to lease this machine for 1$ for some stranger and give him this 2$ ...
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How is mining profitable?

The miner that creates a block gets the reward and all the fees that are in that block. What happen with other nodes that does not create a block. In their case, will not they get any reward and ...
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1answer
60 views

Transaction vaildation

I have understood that miners validate the transactions by checking for double spends and that the transaction was not already confirmed, what I don't understand is how the miners are able to do this ...
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2answers
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how long does it take for an mining machine to exhaust 2^32 in minutes and what is the actual speed of mining machines?

Mining is usually about taking the double sha. most if not all mining machines such as bitminer's machines usually give some indications for example 1TH/sec per second. Do they count the double sha ...
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Why is it more profitable for a node with more than 51% computation power to abide by the rules in the bitcoin network

The Bitcoin whitepaper states - "The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose ...
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If BTCUSD Price Drops Far Enough Are Transaction Fees Enough Incentive for Miners?

There are some media reports that state that if the BTCUSD exchange ratio drops far enough, say below $5k per BTC, that mining will no longer be profitable. But, I do not see how this makes sense ...
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Why were miners still mining BTC at times when BCH was 2-4x more profitable to mine?

From August 2017 until mid November (prior to BCH's hardfork with the difficulty adjustment algorithm) there have been some occasions (notably end of August, beginning of October and mid November ...
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What is the smallest fee you can pay for an on chain transaction?

From what I understand, the smallest fee you can pay to miners per transaction is 1 Sat/byte. With a basic Bitcoin transaction being roughly 250 bytes that would obviously mean the fee is 250 sats. ...
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Sia node payments ? not gpu mining [on hold]

There are endless amount of information about Sia mining with gpu. How ever i havent seen anything about sia storage nodes. Are sia nodes pure donations no mining what so ever ?
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1answer
282 views

Java mining solution

I am a beginner in mining algorithms and I have a general question regarding the mining using Java language. Does it make sense to use Java to develop for example ETHASH algorithm (or any other) and ...
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transaction broadcasts, declining node count, mining basics and costs.

I read a lot about bitcoins and mining and nodes but there are a few questions that are still not answered, which are the following: As I read when a transaction is broadcasted, at first it gets ...
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1answer
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Is it more profitable to mine non-SegWit blocks

The fees for a SegWit address are lower than non-Segwit ones. Is there less fees per block with Segwit blocks? Is it less profitable to mine Segwit blocks?
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Bitcoin millionaire pro [closed]

Can someone earn bitcoins for free by using bitcoin millionaire pro platform really? I have just come across this ad somewhere. And I thought of inquiring about it to have some clue about it.
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1answer
226 views

Computta stealing bitcoin and behave like its nothing [closed]

Mining with https://computta.com/ I had balance of 0.54+ mBTC, every hour i checked and i have written them down in my book. Suddenly since this week they made my computer balance 0.529 mBTC but on ...
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Why don't private blockchain networks that do not charge for transactions charge a fee when processing ethereum/ proprietary token on the network?

I ask this questions because there seems to be 2 flavors of blockchain: 1. Public think bitcoin and ethereum. 2. Private hyperledger, SAP Leonaro, etc. The public network charges for transactions to ...
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323 views

Scam or not terabox?

Terabox.me has HTTPS. From Coinbase anyone can send money to Terabox.me and topup the balance. After making the topup the money is stolen. When you try to contact them they do not answer. Nobody shut ...
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1answer
52 views

Is scaling Bitcoin heading it to a dead end?

The immutability of any given blockchain is reinforced by the total hashing power behind it. Proof of work (ergo a financial commitment) is a necessity to ensure the party verifying transactions is ...
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1k views

Mining income calculation - H/s, MH/s or GH/s for hashing power?

I've seen online calculators use hashing power in H/s, MH/s and GH/s for various algorithms. How does one decide hashing power denomination must be used for mining income calculation? I feel like it ...
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1answer
45 views

Is there a reward per hash?

So after reading some information about mining I wanted to know if the only reward for a miner is the block reward or if there a reward per hash, if yes how to find the amount a miner generate per ...
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695 views

Unlocking a Private Key from watch status

I received Some mining profits to my Blockchain. However the person who sent them to me send them to me with a private key. They then wanted me to send them money to unlock the private key. Does ...
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Is mining uneconomic in Belgium? [closed]

A Belgian website says the price of electricity in Belgium is between 0.22 and 0.44 Euros/kWh. For electricity [...] low consumption (orange curve: Da - 600 kWh single consumption on an ...
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System administration of mining rig/s [closed]

Newbie question; is there anything helpful you guys could point me to related to sys administration of several mining rigs.. my venture with an 8 card mining rig is slowly becoming a farm :) What I ...
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1answer
48 views

If miners switched to random pools every hour, would it help the network?

A Miner is using Pool A After 1 hour the Miner closes the mining software and switches to another pool (Pool B) that is randomly selected. Would this be beneficial for the network as the hash power ...
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1answer
776 views

Probability of Finding a Block

I've been using cryptocurrency revenue calculators and have appeared to figure out that for all of the major algorithms, the probability of a hash being valid is 1/(D*2^u) where u is either 0, 13 (...
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1answer
45 views

Minar cryptocurrencies without software or special hardware [closed]

I know that it is very difficult to mine at the moment without special equipment, but I think in a way, even if it is a hobby, to try to mine either by developing a program in Java or with Excel. I ...
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Question on Mining Profitability

So I found this question: How much Bitcoin will I mine right now with hardware X? I'm interested in understanding what exactly are the following values: 65535 and 2^48. I know that the former is ...
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574 views

Any studies on minimum USD value needed on BTC to make mining worth the cost?

My understanding of the Bitcoin ecosystem is that the task referred to as "mining" is actually the processing (confirming) of the Bitcoin transactions, and that the miner "finds" a coin when they find ...
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127 views

mining revenue equation difference to calculators

I am interested in the revenue calculation of mining process. From a few references like this I found a equation that people say it's correct. Unfortunatelly it differs to the results which are ...