Questions tagged [mining-profitability]

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

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52 views

I'm running an antminer solo on my local bitcoind 'pool' will i get paid?

I'm running an antminer 'a' solo on my local bitcoind 'pool' plus an S5. Both are hashing away lovely, but only the S5 goes through bfgminer, 'a' is connected to my bitcoind 'pool' directly . My ...
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18 views

Is IQmining worth the investment? [closed]

I am interested in investing in crypto-contracts, is IQmining worth the investment?
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Sia node payments ? not gpu mining [closed]

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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325 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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2answers
14k views

NVIDIA Tesla K80 vs M60, if electricity and capital wasn't a factor

If I have a setup where electricity and capital are unlimited, which GPU would be more efficient at mining cryptocurrency (such as Ethereum) between the NVIDIA Tesla K80 and the NVIDIA Tesla M60? I ...
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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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1answer
44 views

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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1answer
59 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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30 views

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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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
80 views

Do mining clients affect efficiency of mining?

Excuse my ignorance. I'm new to this. When trying to start mining, does it matter which client I choose to do the mining? If so, to what end?
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16k views

Coins with memory-intensive mining

Are there coins that demand system memory rather than computing power? Which coin brings me the most mining profit if I have a lot of system DDR3 RAM (say 64 GB or more) in my personal computer?
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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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Why doesn't the same miner always win?

If the miner with the strongest ability to solve the block wins, why doesn't the same miner win every time? Wouldn't that miner still have the strongest ability to perform the proof of work on the ...
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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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3answers
595 views

Would it be possible to retarget difficulty in real time?

Could the mining difficulty adjust in real time, not only when blocks are found? (NOTE: Not asking about retargetting after every block but continuously as a function of time.) I'm worried about how ...
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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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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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Can you mine your own transactions yourself?

If no, why not? And is it you physically/theoretically or practically cannot? If yes, is this ever practical and does anyone do it? As I see it now, no matter what you are taking a fraction/subset ...
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Lottery Mining?

I know mining is extremely difficult now. I just wondering has anyone "won" by solo mining a block? How does the chances compare against say wining the lottery? Assume 3 Giga Hashes Per Second say.
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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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1answer
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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2answers
9k views

What is the algorithm to create a Bitcoin mining calculator?

I want to know how I can calculate the profit of bitcoin mining in bitcoins. I am interested in the formula that is used by calculators. For example lets say I have 700mh/s hashrate, current ...
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1answer
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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3answers
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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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2answers
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In the ASIC-age, is it worth starting mining Bitcoin at home?

I have recently learned about Bitcoin and would like to get rich quickly into mining. I have control of a laptop library full of ancient computers powerful gaming PC cluster of GPUs an old ASIC, I ...
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3answers
562 views

Which is best for mining bitcoin?

I am wanting to buy a hardware for mining bitcoin and namecoin using Bitminter. But then Genesis Mining offer online cloud mining. I want to know if it's better to buy a hardware for mining bitcoin or ...
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3answers
398 views

What reasons are there to mine and support Litecoin?

There are many examples of Bitcoin being accepted as a means of exchange in online transactions. I haven't found any such examples for Litecoin. So, what is the value in LTC mining? What is LTC's ...
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9answers
320k views

How much Bitcoin will I mine right now with hardware X?

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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2answers
541 views

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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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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1answer
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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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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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521 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
251 views

What is the best way to earn money mining Bitcoin?

Simply stated- what is the most cost-efficient way to earn money from mining Bitcoin? I've been a HODL'er since '14 but I recently wanted to deep-dive into mining for fun and was surprised to find ...
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2answers
2k views

Does ASICBOOST only work on Bitmain miners and how does one enable it on these systems?

From what I read ASICBOOST gives you a 30% better hash rate, does this only work on all or certain Bitmain asic miners? And how does one enable this hidden feature in these miners?
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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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2answers
167 views

How often does a typical miner refresh their candidate block?

I realize that this is a general question with no "correct" answer, as every miner can operate differently. Having said that, I'd like to be able to display a list of transactions that would be ...
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1answer
97 views

POW based blockchains systems Majority Attack

TL;DR: With only 30% of network power a Majority Attack is possible and profitable. Am I missing anything? Generally speaking, blockchains based on Proof-of-Work authentications are using amount of ...
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1answer
226 views

How does total cost of mining affect the price of coins?

The goal of this question is to explore what the correlation is between the cost of the total energy consumption behind a PoW-based cryptocurrency and its price. Obviously, the cost of mining cannot ...
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3answers
1k views

Can A Raspberry pi mine bitcoin without an ASIC miner?

I want to know if a raspberry pi can mine bitcoin without using an ASIC miner.
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2answers
22k views

How do I calculate mining profit from shares in Litecoin?

I'm getting around 4 shares a minute (mining at 100Mh/s but I don't mind that much because the number of shares is what actually matters, right?) and since LTC/USD is 2 and it pays 50 LTC for every ...
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1answer
785 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
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
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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
50k views

Current FPGA Competitiveness

I know CPUs and GPUs can't really compete with ASICs anymore but what about FPGAs? Are they still reasonable? Anyone have a ballpark idea of what kind of Gh/s (or Mh/s) has been done with something ...
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4answers
5k views

Why are companies selling mining hardware instead of using it themselves?

I'm not (yet) using Bitcoin, and I'm just approaching this world as of now. I stumbled upon some merchants that sell mining hardware (with some GH/s). But I've yet to understand what they gain, apart ...
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4answers
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Effect of Mining on Hardware

I've installed a mining client on My Macbook pro, which was giving almost 1 MHash/s at full capicity. I found on some reddit thread that Mining may affect the hardware i.e. mother board or graphic ...
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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$ ...