Questions tagged [mining-profitability]

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

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Are there any academic papers on the link between energy markets and Bitcoin mining?

I am keen to see if there have been any academic papers that have studied the link between bitcoin miners and energy markets, in-particular, if there is a so called 'no-arbitrage' requirement, or a ...
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1answer
70 views

Is there an easy way to estimate the number of mining nodes?

I was curious about the number of mining nodes on the network, yet I haven't seen it discussed. I tried two different approaches to approximate the count of mining nodes. I looked up the hashrate of ...
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im planing to buy BTC miner but the place im keeping it in suffers of power cuts everyday for approximately 15 minutes. will it operate?

im buying bitmain s9 for the 1st time and i have 0 experiences. if the power cut off for like 15-20 min everyday and come back will the miner operate by it self ? or i have to do it my self everyday. ...
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81 views

What is the relationship between bitmain-freq, Hashrate and Power Consumption?

I am running a few old miners (T9+) to heat my home and they are too loud and making a loss (which is ok, as I am interested in the heat). Following this suggestions (sticking with the standard ...
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65 views

What is Profit Ratio in BTC.com mining calculator

BTC.com website has a sophisticated Bitcoin mining profitability calculator and a simple calculator. The sophisticated one has a lot of settings. There is a particular setting named "profit ratio" ...
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71 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 ...
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175 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 ...
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631 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 ...
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43 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 ...
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66 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 ...
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132 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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72 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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49 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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120 views

How does one calculate the profitability for a coin?

Given, a coin has difficulty 'd', an exchange rate 'x'/BTC or 'X'/USD, and given that my hardware can do 'y' MH/s (scrypt), how would I determine the best coin that I could mine? Do I need to consider ...
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11 views

How much hash power exists in redundant mining hardware?

I'm trying to understand the feasibilty of a hostile nation-state performing a double spend attack on bitcoin. Assuming mining profitability is not a concern, I wonder if they could buy or borrow ...
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29 views

What is the fraction of the Bitcoin mining power that might be engaged in Selfish-Mining?

Is there an estimate for the fraction of miners engaged in Selfish Mining within the BTC network? In light of the publication The Impact of Selfish Mining on Bitcoin Network Performance (2021), ...
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42 views

What advantages do large-scale miners have?

Do established mining hardware companies (e.g., Bitmain) offer discounts to mining operations that place large orders (e.g., orders for 100s or 1000s of units)? Since this is a competitive business, ...
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45 views

Do most small miners join mining pools? Is “pay-per-share” the dominant approach?

Is it correctly understood that most individual/small miners join mining pools? Is "pay-per-share" (or some variations thereof) the most popular mining pool approach, which means that the ...
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54 views

Are miner builder/sellers profitability calculations true?

regarding to this question here How many hash calculation is needed to reach one BTC? , it takes about 1387 years with 1 TH/s power rate to reach 1 BTC. So if someone has a machine with 53TH/s power ...
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124 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 ...
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766 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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1answer
1k 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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71 views

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
353 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 ...
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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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77 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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2answers
16k 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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1answer
238 views

GPU mining better for BTC or LTC?

I recently bought an GTX 760, and wanted to try out mining either bitcoins or litecoins. I know AMD is better for mining and all that but I still want to try it anyway. So - should I mine bitcoins or ...
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2answers
931 views

No shares on ghash.io and no payout — how to resolve this?

Been mining with ghash.io for a few hours at about 80Gh/s. However, I apparently have no shares and therefore am not receiving any payout. Is this an issue with my setup? How can I resolve this?
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138 views

if I have 1 M/Hs mined for me how does this translate into a bitcoin?

I was offered 1 M/Hs per day for 37.00. What do I do with this in terms of turning it into a bitcoin. I am new to this and trying to make sense of all the mathematical gibberish