Questions tagged [mining-profitability]

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

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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 ...
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1answer
214 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 ...
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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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2answers
69 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, ...
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2answers
721 views

Does difficulty ever stop increasing?

I know we don't have to worry about this for a very long time, but... One argument against Bitcoin, and really, digital currencies as a whole, is that, in order to time blocks with reasonable ...
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0answers
64 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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2answers
67 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 ...
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5answers
593 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 ...
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1answer
223 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 ...
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0answers
170 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 ...
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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 ...
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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 ...
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1answer
600 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 ...
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1answer
240 views

How do I do the maths for starting a bitcoin mining startup in Kuwait?

Kuwait has the world's cheapest electricity which makes it a good choice for bitcoin miners. I am talking to a businessman in Kuwait who is interested in helping me move to Kuwait from Pakistan and ...
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5answers
9k views

Will expensive mining equipement have any worth in the future?

With more and more people picking up advanced ASIC miners, the difficulty is going up while the remaining coins are going down. If miners continue joining at this or a faster rate, the limit might be ...
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1answer
130 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?
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1answer
768 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 ...
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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 ...
5
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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 ...
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1answer
123 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 ...
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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. ...
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1answer
62 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 ...
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2answers
980 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
193 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 ...
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1answer
624 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 ...
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2answers
485 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?
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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 ...
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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.
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1answer
965 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 ...
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3answers
19k views

How does a difficulty increase affect a miner's income?

At the time I write this, there are a lot of people getting into Bitcoin mining for the first time. Many buy ASIC hardware and are later surprised that their mining income suddenly drops due to a ...
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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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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....
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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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1answer
395 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 ...
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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 ?
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6answers
251k views

How long does it usually take to mine a bitcoin block?

I am quite new and wondering how long it would take with a single GTX 680? EDIT: I am using a pool.
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1answer
49 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 "...
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2answers
1k views

Has someone compared the cost of mining vs. that of brute-forcing addresses?

It is known that the type of computing power required for mining is the same used to generate addresses, and it is known that "in general" it is much more profitable to simply mine, rather than try to ...
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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 ...
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0answers
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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1answer
697 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!
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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 ...
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1answer
185 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 ...
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2answers
676 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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0answers
84 views

Why do different currencies use different units of difficulty? [closed]

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
201 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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3answers
13k views

Javascript Bitcoin miner is it even worth it?

I know that mining bitcoins via JavaScript is just pointless at this point in time, but is there any other altcoin that is worthwhile mining via a GPU/CPU via a JavaScript embedded into a web page? ...
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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 (...