Questions tagged [mining-profitability]

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

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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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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 ...
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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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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 ...
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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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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. ...
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226 views

How does total cost of mining affect the price of coins?

The goal of this question is to explore what the correlation is between the cost of the total energy consumption behind a PoW-based cryptocurrency and its price. Obviously, the cost of mining cannot ...
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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 ...
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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?
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108 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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590 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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487 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 ...
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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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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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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 ...
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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
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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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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. ...
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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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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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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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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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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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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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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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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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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 ...
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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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771 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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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 ...
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612 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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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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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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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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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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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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626 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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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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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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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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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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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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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. ...
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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.
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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 ...
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396 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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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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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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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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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 ?