Stack Exchange Network

Stack Exchange network consists of 175 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [mining-profitability]

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

0
votes
1answer
55 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?
0
votes
1answer
105 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 ...
1
vote
0answers
546 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
votes
1answer
465 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
votes
1answer
80 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 ...
-1
votes
1answer
303 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 ...
4
votes
1answer
95 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 ...
1
vote
0answers
38 views

Dividing miner reward over a k-length jumping window

Nowadays, a miner can gain more than another one even when they mine the same amount of blocks due to variance in tx fees. It's expected that, especially once the coinbase reward is gone, this will ...
0
votes
2answers
68 views

Why is mining which seems to be a software activity create bitcoins which is actually equal to currency?

I cant get around the fact that bitcoins are "created" by "mining", which seems to be software/computation activity. In the non-bit world, we always convert one form of value into another, like wood, ...
1
vote
4answers
146 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
vote
0answers
63 views

crypto currencies mining

For now i can't afford a great GPU for mining. But what i am thinking is... To mine a very low difficulty coin as much as i can with my old cpu and gpu and wait untill the currency price grow up. But ...
0
votes
2answers
62 views

What is the actual threat of a majority attack on the Bitcoin blockchain? [duplicate]

As far as I understand, an attacker (in the role of a malicious miner) controlling a large portion of the current hash power could replace previously accepted blocks with alternatives. But, what does ...
1
vote
1answer
205 views

What are the factors that drive the cost of bitcoin mining?

Bitcoin mining is vital for maintaining the integrity of the blockchain ledger. If the cost of bitcoin mining gets too high and enough miners give up, the ledger will not be maintained properly and ...
6
votes
5answers
588 views

Is there a logical reason to buy bitcoin for more than it costs to mine it?

For the sake of this question let's assume bitcoin was useful and had value beyond speculation. Why would you ever buy bitcoin above mining price? I have heard various estimates of what it costs to ...
0
votes
0answers
165 views

How many gigabyte(internet use) needed for bitcoin mining in a month? [duplicate]

if I use Antminer s9 full-time in a month, how many gigabyte uses? I mean what is the internet usage((Download+Upload)) in a month? comment about duplicate: first of all I want know the usage not ...
1
vote
1answer
48 views

artificial block size cap?

What, either technically or not, is preventing bitcoin core miners from expanding the number of transactions included in each block? Wouldn't the corresponding increase in maximum number of ...
6
votes
2answers
2k views

Is it possible for a slow computer to beat the world mining Bitcoin?

I've heard it is not profitable to mine bitcoins on a regular computer via CPU anymore. I accept that. However, if you did install a miner onto a regular computer and that computer randomly generated ...
1
vote
1answer
549 views

What happens if there are no transactions? [duplicate]

Could you please explain what would happen without transactions? Let's say people stop s(p)ending for a while for whatever reason. What miners would do if there are no transactions? Will they just ...
4
votes
3answers
578 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 ...
0
votes
1answer
129 views

What program do I need to mining coins?

I see there are hundreds of coins in the market. Can I use one program to mine all of them?
0
votes
1answer
745 views

Is the Antminer S5 still worth it for low profit?

I'm thinking about getting an Antminer S5 for Christmas to jump start my Bitcoin mining adventure. Using CryptoCompare's profit calculator I see that I will be losing 60 cents per day with the current ...
2
votes
2answers
6k views

Bitcoin: block reward for a tiny transaction

I'm sure this a basic question, but I would like to check my understanding. At the moment, a miner who grows the blockchain by confirming a block is rewarded with 12.5 bitcoins. This incentivises ...
0
votes
1answer
599 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 ...
5
votes
1answer
3k views

In the case that I have free electricity, is mining worth it?

As the title indicates, I have three options that are gonna make me free of charge in terms are electricity, which I describe below: I have free access to electricity. I can have as much as I want ...
0
votes
1answer
121 views

How much money would it take to bribe the majority of miners to attack the system?

I think this question is just a re-formulation of the 51% attack, but it has me thinking: miners are monetarily incentivized to not perform a 51% attack, but there must be some amount of money will ...
1
vote
1answer
56 views

people requesting to connect and mine on facebook are legit?

I recently joined a facebook group and lot of folks have been bombarding me to join my bitcoin wallet with some server for mining. Precisly, one of the guys mentioned as it is below KEEP your Btc ...
0
votes
1answer
220 views

Mining Difference with Multiple Rigs between Bitcoin and Zcash

I try to understand how the mining hardware environment is different between Bitcoin when centralized mining ecosystem is more encouraged compare to Zcash or Ethereum where pooling is more encouraged. ...
0
votes
1answer
180 views

Repurposing old FPGAs

So, I have a couple of BTC mining FPGAs lying around from the earlier days when they were worth running (specifically a BPMC Red Fury and an ASICMiner Block Erupter). I'm wondering if these can be ...
0
votes
1answer
612 views

How should I invest $10,000 in crypto-currency? [closed]

I have $10,000 which I have decided to invest in crypto-currency. How should I go about investing this money for maximum profit? E.g. should I invest in a mining setup? Trade the currency? A ...
-3
votes
2answers
452 views

How much did I make in profit from Bitcoin rising in price [closed]

I bought $30.00 of Bitcoin. The price at that time was $6,896.00. The price now is $8,074.00. How much did I make? And how do I do the math?
2
votes
1answer
331 views

Mining Profitability of BTC and BCH

When I review sites like fork.lol and they speak of Mining Profitability of BTC and BCH, how are these calculated? I am trying to figure out how mining profits change between these two coins and how ...
-1
votes
1answer
4k views

Is a 980 TI good for mining? [duplicate]

i have a Nvidia 980TI and i just wanted to know if it was worth bitcoin mining. the electricity company I'am with is utillia. Thanks.
0
votes
1answer
931 views

Bitcoin calculator based on my machine

I tried to find an online tool that would allow me to calculate how many BTC (or portions of it) I might be able to mine with my computer, but I couldn't find an answer that is exhaustive. Is there ...
7
votes
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 ...
3
votes
1answer
301 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. ...
1
vote
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.
0
votes
1answer
250 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 ...
0
votes
1answer
384 views

Does mining power of different miners add up in mining pools?

I have this doubt regarding bitcoin mining, assuming I have two miners of hashpower 500 H/s . Can I add up my hashpower and make it work like a single processor of 1000H/s OR Both both miners would ...
1
vote
1answer
385 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,...
0
votes
1answer
48 views

Does Bitcoin protocol define how miners do the selection from their set of txns?

We know that miners select a set of txs from their local memory pool and put them into a block before they do PoW. I wonder whether this selection process is defined by the protocol or do even "...
1
vote
1answer
5k views

difficulty value vs. computational power

Assume a miner has a computational power q while the rest of the network has a computational power p = q-1. Based on Relationship between Hash-Rate and Difficulty: difficulty = hashrate / 7158388.055....
3
votes
2answers
2k views

Can you make a water heater by mining Bitcoin?

I read somewhere that you can actually cut down your heating bills by using bitcoin mining based water heaters or air heaters . Is that possible? Can someone give detailed economics on this ?
0
votes
1answer
2k views

Bitcoin mining: internet connection status? [duplicate]

How much bandwidth consumption can I expect per 13 Thash/s rig (Pooled). I'm Buying an s9 antminer, and i live in lebanon ( bad connection ).what do u guys advise me to do? Does the internet speed ...
0
votes
0answers
122 views

calculating estimated GAME Credits per day?

So i am trying to work out my estimated game credits per day. I have the follwoing info Difficulty 12982 (at time of testing) Hash Rate 600MH Block Reward 12.5 (i believe) I have tried to calculate ...
1
vote
1answer
680 views

multiple low end miner or 1 high end miner

Newbie here, Im torn between buying a GTX 1080 or multiple 1050 Is there any Pros and Cons on having multiple but slower miner? Thanks!
0
votes
1answer
210 views

No returns on Genesis Mining contract

I bought a 200H/s mining contract at genesis mining. I allocated 100% of my hash power to Monero. It's been days and I have yet to see any return on my investment yet. The graph is just flat and it ...
2
votes
3answers
717 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 ...
7
votes
1answer
2k views

Why does Bitcoin not have faster downward difficulty adjustments?

The BCash fork seems to have correctly anticipated the need to adjust difficulty downwards in the case of very slow blocks. This means it's much less likely for the chain to be orphaned when it was ...
1
vote
1answer
183 views

Is this the answer to Bitcoin's massive energy consumption issues? [closed]

In today’s world carbon footprint and efficiency matter. A lot of real world resources are burned away and a massive amount of computing power and electricity is spent on the bitcoin ledger to verify ...
2
votes
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 ...