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Questions tagged [mining-profitability]

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

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Why do different currencies use different units of difficulty?

I'm trying to understand the relationship between difficulty and network hash rate. I feel like I understand it for Etherium, where the difficulty is the same as the total number of hashes the network ...
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1answer
199 views

Crypto Mining with PC

I have PC - i7-6700K CPU @ 4.00GHz & graphic: Intel Corporation HD Graphics 530. My Os is Ubuntu. How many Mh/s i could receive for Ethereum? Let's assume the current is free.
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1answer
165 views

Is bitcoin only mined as a block reward?

Is bitcoin only mined as a block reward? Can't someone mine from the bitcoin treasury even if he/she doesn't adds block? If bitcoin can only be mined as block reward; on what standards starting bit ...
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2answers
920 views

how many miners approve a block; before it gets added to the block? Is it 51%?

I read a lot of material regarding this and didn't get much clue. Easy explanatory, non-technical answer please. Please! If a miner solves the puzzle and pushes the block ahead. The rest miners ...
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1answer
459 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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1answer
4k views

How profitable is mining with a ~1GH/s miner? [duplicate]

I'm very new to bitcoin mining, so I just tried it out on my mac using MinerGate. I made about 0.000028 XMR in 7 minutes running at 200H/s, equating to $0.0008. I figured that at that rate of money ...
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2answers
5k views

Microsoft Azure VM selection for optimized mining

I've come across a decent amount of Microsoft Azure credit and want to use it to to mine cryptocurrency. I am writing to ask: which computer to run the VM on - Azure provides a number of machines (...
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1answer
53 views

Do I have to try to mine bitcoin in order to verify peoples transactions?

I started investing in bitcoin about a year ago, did minor research and decided mining wasn't worth it because of the odds against finding a bitcoin. Lately I've started wanting to verify peoples ...
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1answer
506 views

Inconsistent mining profitability calculations

I am gathering some btc details from coinwarz api as follows Bitcoin difficulty: 711697198174 Bitcoin reward: 12.5 My personal hash rate: 1.425 TH/s I then try to calculate amount of seconds it ...
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2answers
668 views

Is my profit calculation for Genesis mining correct?

The Diamond plan for Litecoin mining promises 200 MH/s for $2400 for 2 years. From the profilatbility calculator, it comes out as $555 per month profit without electricity charges(which wont be there ...
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1answer
2k views

Need Guide: what is the hashrate for ZOTAC P106-100 6GB GDDR5? [closed]

One vendor is offering 20 GPUs and each $224.00 . Is it good card for mining ETH and what is the best hash for this? Please let me know your experiences. Is it worth to buy for ETH or other coins?
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1answer
83 views

Bitcoin Infrastructure in Africa?

Bitcoin Infrastructure in Africa: Going by basic infrastructure requirements for mining or trading in bitcoins/cryptocurrencies, is Africa ready?
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2answers
457 views

Are the bitcoin miners decreasing in quantity and increasing in size?

From what I am learning about bitcoin, the mining process is becoming exponentially difficult and hence exponentially more expensive (or at least more expensive), as people need more physical ...
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1answer
2k views

Should we still mine nowadays with CPU/GPU? [duplicate]

For the little bit I understood so far about the mining process, it seems to me that "finding" a block is very very very difficult for a CPU/GPU. However, since it is done by brute force, it seems to ...
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1answer
74 views

What is the profit when mining BTC with a known number of miners

I am trying to find an equation that can represent an instantaneous estimated mining profit if we were to assume we have M number of miners at that specific instant. The equations I found so far can ...
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0answers
350 views

How can I evaluate the prospects of mining vs investing?

I have a few thousand dollars that I want to invest in cryptocurrencies now or soon, and was wondering how the current prospects look for ROI of setting up my own 6 gpu mining rig (ether/Zcash/Monero/...
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0answers
158 views

Limit of Proof of Work [duplicate]

I do not have a complete understanding of bitcoin, but I feel that the PoW concept will not do it in the long run, so I need you to explain to me if I'm wrong. First of all, all this work force is ...
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3answers
7k views

How much can I earn with AntMiner S7 miner

I have started to learn about blockchain technologies, BTC and other crypto-currencies and right now interested in mining. I know that mining of BTC is not very profitable right now, but other ...
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4answers
12k views

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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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
260 views

sp20 jackson vs Bitmain Antminer S7 for personal bitcoin mining

Background: I am thinking about getting some bitcoin mining hardware. I am hoping to make some money (at least what I spent on the hardware), but mainly I am doing it to learn about bitcoin mining. ...
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2answers
515 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 ...
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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 ...
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1answer
46 views

Problematic Levels of Miner Pooling [closed]

Was wondering what signs people look out for to indicate whether independent mining or pooled mining can become less feasible? and also, How can users detect problematic levels of miner pooling?
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1answer
322 views

What software should I use to mine alt coins?

I downloaded MUE wallet. I have GTX 1060 in one of my computer and I want to mine. It's the same GTX I used to play overwatch. However, I am confused. How do I mine MUE? Is there a software for ...
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0answers
758 views

What hardware should I use to mine MUE?

Will I use video card? or PC? I plan to mine MUE and use the coin I mined to buy bitcoins. This says MUE is the best http://www.coinwarz.com/cryptocurrency/?sha256hr=9460.00&sha256p=2600.00&...
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0answers
127 views

Minority Attack on Bitcoins

I read the first paper which described the bitcoins. Most of it is clear except for one thing. I tried to find solutions online but couldn't find it. I am completely aware of the implications of a ...
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1answer
453 views

Why are my profitability calculations for Litecoin mining with an Antminer off the chart?

Not exactly a Bitcoin question but it's about mining. I wanted to step into crypto mining, but on a rather low budget. Unfortunately, it is hard to start with Bitcoin when you have a low budget, so I ...
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3answers
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
60 views

Antminer s9 for mining! [duplicate]

I am thinking of putting 20 antminer S9 and start mining Will it be profitable as I have calculated monthly electrical bill of 2500$(USD) in my country?? Also should i be mining alone or join a pool?...
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2answers
420 views

How does a miner know if a transaction has already been included in the block chain? Does he traverse through the complete chain to conclude this?

I am confused on what incentive a miner has on including a transaction apart from the transaction fee. So, if adding a transaction wastes any time, any miner should ideally not add transactions that ...
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2answers
148 views

Scalability of Bitcoin

What will incentivize miners to keep processing transactions after bitcoin production slows down and or stops? I understand that miners could work off fees, but are these costs per transactions for ...
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1answer
739 views

New To Mining - How Much US$ Am I Making / Day? [duplicate]

I am using a GTX 1050 ti SSC with fans at 100%. I got really lucky and this card might be the best overclockable one ever, I boosed performance by about 20%, when other people are happy to get 10%. ...
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1answer
75 views

How much is enough

I recently acquired a BTC mining package with total GH/s: 342.56 I realize it is small - but it is a start. What amount of GH/s is good for a beginner to start off with. Do I have a significant ...
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2answers
670 views

Buying a Gridseed Mini ASIC Miner -Beginner

I'm new to the field of cryptocurrencies.It seems that without good hardware i cannot earn anything.As a starter - is Gridseed Mini ASIC Miner a good choice to buy http://www.makeuseof.com/tag/...
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2answers
2k views

Easy to Mine Cryptocurrency [closed]

I'm new to this field.It seems that mining Bitcoins using a normal computer has become tough.I have got a normal laptop with Intel i5 processor and GeForce 930MX graphics card.Which is the easiest ...
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2answers
303 views

Is Light Bitcoin a legitimate site or a SCAM?

Is light Bitcoin a legitimate Mining site or another SCAM?
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1answer
82 views

Will the increasing difficulty in Bitcoin mining push miners to a different currency?

I've been reading all of the "Is mining still profitable?" questions, and the consensus appears to be the following: Yes, difficulty is increasing, but profitability is uncertain due to the ...
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1answer
78 views

What are the political and environmental implications of growing Bitcoin electricity consumption?

I have found lots of articles talking about how bitcoin works, and quite a few that analyze the growing industry around it. Relatively little though speaks to the potential political implications of ...
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1answer
2k views

How much power and cost do miners currently expend to mine one bitcoin?

How much are mining pools currently spending on mining per BTC?
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1answer
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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2answers
162 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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3answers
329 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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0answers
63 views

Updated bitcoin mining energy usage

Is there an up to date and updated chart which tracks the entire energy used by bitcoin mining rigs worldwide? Looking for the energy used per t-hash.
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1answer
110 views

Can I find miner's payoff record in the Block Chain?

To my understanding after researching on the infrastructure of Bitcoin, the block chain maintains transaction records between two parties represented by their public keys. At the same time, the ...
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0answers
46 views

Bitcoin mining with rented rigs

Can someone please explain to me if mining with a rented rig is worth the investment. I recently mined but the server went down. Also where does the hashed data go and is it available for my viewing? ...
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1answer
49k 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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1answer
273 views

How to start mining

I'm new to cyrptocurrency and heard that gpu's are obsolete for bitcoin mining and I hear gridcoin is a good alternative. How do I start mining? And how long long until I start to break even? Also, I ...
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1answer
962 views

BTC transaction cost vs fees

According to https://ethereum.stackexchange.com/questions/11/how-do-ethereums-transaction-fees-compare-to-bitcoin current BTC transaction fees vary anywhere from $0.01 to $0.09 USD. But according to ...
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1answer
158 views

Zero-BTC transaction fees, service-specific mining pools and external compensation

Bitcoin is a network that is proven to be stable, but if you want applications on top of Blockchains you have to play by the rules of the system. For notary use cases (for example), where you would ...