Podcast #128: We chat with Kent C Dodds about why he loves React and discuss what life was like in the dark days before Git. Listen now.

Questions tagged [mining-profitability]

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

Filter by
Sorted by
Tagged with
3
votes
3answers
278 views

Difficulty based derivatives and insurance

What would the basis of difficulty derivatives and insurance be? Like how could we structure someone such that if the difficulty goes above a certain amount there's a payout to protect miners, & ...
7
votes
2answers
14k views

How much is a mining pool share worth on average?

I know that mining pool shares have no value on their own, but it should be possible to find an average value based on the pool's average payout per share. This site describes the expected payout per ...
5
votes
2answers
287 views

If miners pay income tax, could a change in tax laws affect network security?

Assuming that more than half of the Bitcoin miners pay taxes on revenue gained, could a increase in income tax laws (or similar) cause those ethical miners to go out of business? ... and the Bitcoin ...
3
votes
1answer
261 views

What Bitcoin profitability calculators account for taxation on miner income?

If I were to run a miner, I want to be ethical and pay all relevant income tax and gain all required licensing, etc for my country. My miner income is probably taxed at a 1099 income rate or lower, ...
3
votes
4answers
415 views

How to get the general population to pay more in transaction fees?

When mining becomes less profitable* what options are there for miners and mining pools to persuade or insist that end users pay more in transaction fees? I'm interested in Specific code changes ...
6
votes
3answers
460 views

Is the current network difficulty algorithm appropriate for “Peak transaction-only mining”?

At some point in the future miners will depend more on the Tx fee than per-block payout. Right now people turn on and off their equipment based on local trends such as price of electricity, etc. On ...
2
votes
1answer
3k views

What GPU-APU configuration should I buy for mining Bitcoins? [closed]

I want to make own computer for mining bitcoins. I read a lot of it but I have some questions. I want to buy APU + Graphic card and I am wondering when I my computer is mining is using for that CPU + ...
-4
votes
1answer
5k views

Is Bitcoin mining profitable yet?

My points: Using the Bitcoin mining profitability calculator and mining hardware comparisons, we see that with most of the hardware (GPUs, FPGAs) you can't generate enough bitcoins to compensate for ...
15
votes
2answers
20k views

Can you mine more bitcoins on amazon aws than it would cost to operate the servers?

Read title. Creating a soft of self sustainability if you will. It might not be possible?
26
votes
3answers
23k views

What is pool hopping?

What is pool hopping and how do pool hoppers affect other miners? Are there ways to prevent it?
18
votes
4answers
43k views

Can casual people still mine for bitcoins, now that the difficulty is much higher than it was?

Can casual people still mine for bitcoins? As of October 2012, the difficulty seems very high, being over 3,000,000. I've seen a ad for bitcoins, and watched the video. It said I could mine for them ...
4
votes
1answer
3k views

Can Artificial Intelligence be used to mine BitCoins faster?

Can Artificial Intelligence be used to find more efficient mining algorithms? Is there only one algorithm that can be used to mine? EDIT: Asking about running the SHA(SHA(block header)) more ...
2
votes
2answers
10k views

Mining with low specs?

If I have a computer with low specifications (2GB RAM, 2.13 GHz, integrated graphics), is there any way to mine normally with Bitcoin-qt? If not, will joining a pool with these specs be worth the time ...
13
votes
4answers
9k views

What happens once the mining reward gets cut in half?

Sometime around the end of 2012 the mining reward is expected to be cut in half from 50BTC/block to 25BTC/block. What effect will this have? Doesn't this mean that it will be less economic to run a ...
5
votes
3answers
906 views

Must mining be profitable for Bitcoin to succeed? If no, what are the mitigations?

It is clear that mining is responsible for securing the network, and it is incentivised by block payouts and transaction fees. I've also seen discussions regarding different incentives for miners ...
-1
votes
1answer
990 views

Is this a good time to enter mining? [closed]

This is a question that has been on my mind for a while. I was going to buy a server farm to mine Bitcoins and I was wondering if it would be practical to jump on the mining bandwagon at the current ...
-4
votes
1answer
2k views

What is the “best” BitCoin alternative? Especially from the pov of mining [closed]

Namecoin, Devcoin, Litecoin, Liquidcoin, Solidcoin, I0coin, Ixcoin... Which of them is the best alternative to BitCoin, especially from a fledgling miner's pov (ie. I'd like to mine some coins, but ...
7
votes
1answer
12k views

Calculating average number of hashes tried before hitting a valid block

I'm toying with the idea of starting to mine, and was wondering how to calculate how many hashes on average must be tried before one will "hit" a valid block? I'm talking about a single user (not a ...
1
vote
1answer
479 views

Mining and Bitcoin Wallet [closed]

I have been mining for over 24 hours @ 97.3 Mhash/s. Shouldn't I have at least obtained .01 bitcoin by now? How do I verify the mining that I am doing is transferring into my Wallet?
4
votes
1answer
4k views

How to convert Litecoin difficulty of 6 to an expected time per block solved?

The current difficulty for mining Litecoins is about 6. If I mine them at 25kh/s, how often should I expect to solve a block with a difficulty of 6? I'd also appreciate an explanation (or formula) of ...
-2
votes
2answers
32k views

What's the current $/Mhash [closed]

Just curious. My plan is to buy 5 of these So I should use this card right? http://www.amd.com/us/products/notebook/graphics/ati-mobility-hd-5800/Pages/hd-5830-specs.aspx Install them all in one ...
4
votes
2answers
6k views

Is FPGA more cost effective than GPU?

Actually is there a list of hardware we could use and their bitcoins/hardware price ratio so I can compute return of investment?
7
votes
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 ...
3
votes
3answers
4k views

Does the size of a pool affect the number of invalid shares?

Does the size of a pool affect the number of invalid shares? If so why does it?
7
votes
1answer
3k views

Can I CPU mine other coins to win Bitcoins?

I have a useless Nvidia, until now, unconfigurable to mine (7300) So, if I mine just with CPU, can I get more coins mining others coins like NMC,LQC,LTC,SC, or whatever, and trading after for BTCs?
5
votes
1answer
814 views

Is P2Pool vulnerable to pool hopping?

Some pools / payout mechanisms are vulnerable to pool hopping. Is P2Pool vulnerable?
10
votes
4answers
4k views

Why does mining profitability tend towards zero?

Why does mining profitability tend towards zero? Is it different for short term miners than it is for long term miners? Example: if I mine now and sell them next year, they may be worth more as ...
10
votes
2answers
13k views

How to choose the most profitable pool?

Say I have a moderate amount of hashing power and I want to maximize my profit by using the pool that would give the best rewards for mining with them, what should I look at when choosing a pool?
9
votes
3answers
3k views

Pool Hopping Math

It's been discussed and argued at great length whether pool hopping is ethical, but there is no debate about whether it works - I even have some first hand experience that says it increases mining ...
7
votes
4answers
995 views

World-wide price for generating 1BTC

Can we find an algorithm to compute the average price (as energy consumption) of 1 BTC being generated if we know: hash rate, difficulty, energy price?
6
votes
2answers
756 views

Is there a uniform measure of “difficulty”, that when multiplied by price, will give “profitability of one hour of mining”?

I recently open Bitcoin Pie, a site that compares crypto-currencies. Given the exchange rate in BTC, I would like to add another column that tells "relative mining profitability", regardless of the ...
35
votes
3answers
17k views

Is there any point to casual mining?

Is there any point to casual mining anymore? I recently discovered bitcoin and was wondering if there was any point to running mining software on my laptop while I work on essays or other non-...
15
votes
1answer
273 views

Why are the mining rewards set to reduce in such dramatic steps?

The mining rewards are scheduled to drop from 50btc to 25btc. The next drop again will be from 25 to 12.5btc. In each of the steps into a new "era" the mining reward is reduced by 50%. This seems ...
6
votes
3answers
9k views

Do bitcoin miners actually make money [duplicate]

Possible Duplicate: How can I compute mining profitability? Do bitcoin miners like the one depicted in the video below with 24 server clusters actually profit from bitcoins at the current prices? ...
9
votes
2answers
947 views

Where in the world is bitcoin mining the most profitiable? [closed]

This is a question for Bitcoin miners. High cost of electricity can really cut down on the profitability of Bitcoin mining. I want to know what geographic location has the cheapest electricity and ...
19
votes
4answers
24k views

Solo Mining vs Pool Mining for users with high computing power

Let's say that a user has a decent amount of computing power. At the current difficulty of 1777774.4820015, he could have for example 10Gh/s (he would earn around 5 BTC per day according to a ...
16
votes
2answers
1k views

Will the amount of electricity used for mining be huge if Bitcoin is widely adopted?

A quick and very rough estimation: If the USD/BTC exchange rate grows to $1000/BTC (not that far-fetched if Bitcoin is actually widely adopted) bitcoins for a value of $300000 would be produced every ...
11
votes
2answers
6k views

Exactly how does one calculate how many BTC they will get a certain hashrate?

I am curious on how many estimated BTC I will earn at any hash rate since, I don't really think I'm really earning any BTC at 600 Mhash/s.
23
votes
2answers
6k views

How can I compute mining profitability? [duplicate]

It was asked elsewhere, but I'm re-asking the question in a less time sensitive way. Can you please list some of the techniques, charts, spreadsheets, calculators or other tools that help someone to ...
110
votes
9answers
321k views

How much Bitcoin will I mine right now with hardware X?

Say I have a given piece of hardware (CPU/GPU). Where can I find out how much Bitcoin will I mine per day?
43
votes
8answers
26k views

Is CPU mining even worth it? [duplicate]

I would like to start mining, but my GPU isn't the greatest and I don't really want to spend the money on a dedicated rig. Is mining from my CPU (in a Linux environment) still worth it? Or will I not ...
7
votes
4answers
4k views

Is mining still profitable? [closed]

We all know that mining is supposed to keep the Bitcoin system secure. However, difficulty has risen so much that costs for power currently outstrip possible revenue for mining for a large portion of ...