Questions tagged [mining-profitability]

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

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1answer
97 views

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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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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1answer
51 views

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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2answers
6k views

Exactly how does one calculate how many BTC they will get a certain hashrate?

I am curious on how many estimated BTC I will earn at any hash rate since, I don't really think I'm really earning any BTC at 600 Mhash/s.
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2answers
729 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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2answers
82 views

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 ...
3
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1answer
59 views

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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2answers
101 views

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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1answer
609 views

Why would Nicehash payout not change while BTC doubled

I am new to mining and about a month and a half ago I picked up a 1080Ti GPU and started mining with NicheHash. At that time Bitcoin was around 5800 and my daily payout was around $3.80. Now Bitcoin ...
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2answers
171 views

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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2answers
69 views

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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1answer
299 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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2answers
61 views

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
4k views

How do mining contracts work?

How do mining contracts work? I see mining contracts but how does it work?. What happens when I buy one? . I've seen multiple mining contracts I don't know whether the prices are worth it because I ...
0
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1answer
235 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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1answer
35 views

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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2answers
47 views

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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3answers
577 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 ...
0
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2answers
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 ...
0
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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 ...
0
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1answer
46 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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3answers
338 views

Worth investing in to a cloud mining companies?

Worth investing in to companies like hashflare.io or genesis-mining.com? Hashflare: During black friday there's discount - 1TH/s for 100$. Maintenance fee for 1 TH/s is 0.4$ == 0.0005 BTC. 1 TH/s ...
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6answers
12k views

How do I make a profit buying cloud-hashing contracts?

I have tried one of the hashpower selling/buying website (nicehash) to buy hashpower. I have connected my order to a pool where I had one worker. However, despite all the advertisements, I could not ...
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2answers
527 views

How can I calculate the profitability of this dash cloud mining contract?

I'm looking at a cloud mining contract by Genesis Mining at $500 for two years mining with 100 MH/s for Dash. The current network hashrate is 2550 MH/s. The mining reward is 3.6 dash per block, and ...
0
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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 ...
2
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0answers
56 views

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 ...
2
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3answers
729 views

Mining profitability sounds too good! Where is the catch? (2017 edition)

Given the staggering increase in BTC value over the last few months (nearly 600% in 12 months), I am kicking myself for not getting into the game earlier. I've been lurking around this for years but ...
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4answers
40k views

What are the odds of discovering a block as a solo miner?

I understand that during mining, one does not discover individual coins, but rather blocks of coins, and I heard that one block equals many coins (but how many?). I am wondering though, as a solo ...
0
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1answer
463 views

Understanding reinvestment in a miner growth scenario

I got the following question which I can't figure out: Alice, Bob, Carol, David and Eve are the five major bitcoin miners. They have each invested a million dollars in specialized equipment for ...
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3answers
17k views

Is a cloud mining subscription worth it?

I just started investing in Bitcoin and before I actually implement it, I want to verify my strategy / steps. 1) I made a wallet account on blockchain. 2) I want to purchase subscription from ...
7
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3answers
3k views

Bitcoin mining, do you do the work or does the computer?

Assuming you have the appropriate hardware and software, does mining involve the person mining to sit at the computer to mine or do you fire it up and just let the software run and check back later to ...
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1answer
36 views

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 ...
3
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1answer
306 views

What algorithm do bitcoin miners use to choose which tx to include in their block?

I understand it's in the miner's best interest to receive as many fees as possible for his hopefully-accepted block, hence it should include the most rewarding (fee / size) txs - up to the 1MB limit. ...
0
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1answer
49 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 ...
2
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4answers
151 views

Why there are miner fees now?

I understand the mining fee will be the major incentive when the Bitcoin supply hit its limit of 21m. But right now, new coins are still being minted and are much higher than any fee can compansate. ...
1
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1answer
398 views

How to calculate the average worker hashrate on a pool?

I just calculated the average hashrate of all poolminers on Slushpool by dividing the Pool Scoring Hash Rate by the amount of active workers: So with current values that is: 641.1 Ph/s / 30287 ~= 21,...
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0answers
68 views

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 ...
0
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1answer
409 views

Consider Bitcoin Price goes down to $3000, what will be the effect on miners (will they stop mining) and the affect on difficulty to mine a Bitcoin?

Over a set period of time (around 10 mins for BTC), a number of transactions are compiled into a block by a miner, and then the block is verified on the general ledger and added to the list of blocks ...
13
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2answers
3k views

Is Lightning Network a risk for Bitcoin security since it reduces miner fees?

does LN represent a risk for the Bitcoin ecosystem since it will reduce miner fees (the only income they'll have in a post-btc-minting world) and displace them into second layers? I couldn't find any ...
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0answers
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 ...
0
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1answer
44 views

Is it always necessary to be in the pool with the most miners joining to have the most profitable mining pool?

I realise that opinion on a specific pool is subjective and prone to change. My question: If I am in pool A and additional miners join then my share in the pool is reduced proportionately. ...
0
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4answers
4k views

what should I do when CDF is really high?

I noticed today on Bitminter that the CDF is over 99% and the block session has been running for almost 12 hours now. what causes such a high CDF and is there anything that can be done about it?
0
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1answer
56 views

Asic Miners adding up? [duplicate]

If you were to get multiple miners that do 7.3TH/s do they add up. for example if i had 3 of them would it give me 21.9TH/s? Also What is the coversion rate for TH like how much is 1TH worth in usd?
4
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1answer
4k views

Formula for calculating daily mining earnings

I have seen other formulas, but they all vary and don't work. Can someone please show me a formula where I can plug in the difficulty and hash rate and that will give me how many bitcoin I generate in ...
0
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1answer
107 views

Are coin minting and difficulty level related?

I am sure this question has been answered somewhere, but most searching comes up with "how blockchain works" and other unrelated results. I am trying to verify my understanding of the theoretical end ...
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0answers
585 views

How long until an Antminer S9 becomes obsolete and should be replaced?

I'm currently considering the purchase of a few Antminer S9 13.5 THs and I'd like to have an idea of how long I could (or should) plan to use one before replacing it with a newer model. I've seen ...
0
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1answer
484 views

Is it worth it to mine while using my laptop for misc. purposes?

I have never mined any cryptocurrency and know nothing about the market or how the earnings from mining fluctuate, but I do have my computer turned on a lot of hours a day while studying, watching ...
0
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1answer
82 views

Is it viable to CPU/GPU mine popular cryptocurrencies given that they have dramatically spiked in value recently?

In the past two months the value of bitcoin has dramatically spiked (and fallen and spiked and fallen), with a general upward trend in value. Many websites about cryptocurrency mining give a loud ...
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1answer
322 views

Best ASIC miner for someone on a budget

Ive looked all over for decent ASIC miners under 150$. Ive gotten very mixed reviews on the ones Ive found and are very new to mining in general. I would like a simple ASIC usb capable of at least BTC ...
2
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1answer
322 views

Does miner's reward get added to blockchain

Whenever someone makes a transaction it gets verified by the miners & after that it becomes the part of the ledger. So as a reward miners get a small amount of bitcoin. Now my doubt is the reward ...