Bitcoin Profitability Calculator – BTC Mining Profit Calculator Enter your set up information in the form below.Do not enter commas, only dots for decimal separator.Bitcoin difficulty Bitcoins per Block (BTC/block) Conversion rate (USD/BTC) Hash rate TH/s GH/s MH/s Electricity rate (USD/kWh) Power consumption (W) Time frame (months) Cost of mining hardware (USD) Profitability decline per year Nothing guaranteed, of course this is only a rough estimate!You can also calculate rented mining by setting “Power consumption” to 0 and “Cost of mining hardware” to the rent per time frame.Default values are for a system of four 6870s.Estimate Strategy Extrapolating bitcoin difficulty or price is pure voodoo.It is much easier to predict the relationship of the two parameters in form of the Mining Factor.The Mining Factor 100 is the value in USD of the bitcoins you can generate if you let a 100MHash/s miner run for 24 hours.

If the Mining Factor 100 rises above $2 or so everybody buys mining equipment and thus increases difficulty.If it falls people will stop mining eventually.The estimate starts with the current Mining Factor and decreases it exponentially such that the decrease accounts for the factor decline per year.Please note that a profit/loss by holding the coins is not accounted for in this estimate.Things to consider that might eat into your profit: The values above are only a snapshot.The network and markets are moving quickly.Check out these diagrams to get a feeling for it.Looks like if your mining operation is not profitable now, it probably will not be in the future.With rising bitcoin exchange rates it might be more profitable to buy bitcoins than to mine.There are spreadsheets available in this thread or this one (with some FPGA data) for a more custom calculation.Bitcoin exchanges: LocalBitcoins, BitQuick.The calculation is based on average block generation time.The closer the average generation time is to the time frame the more the resulting revenue depends on luck.

You will have to pay mining pool fees from close to nothing up to 3% depending on the pool.bitcoin missed opportunityUnless you want to do pool hopping you should go to a pool with hopping protection.bitcoin riminiI recommend Arsbitcoin and EclipseMC (with namecoin merged mining).bitcoin vice chairmanP2Pool is a new completely decentralized alternative.bitcoin ato rulingYou will get somewhere from 1% to 3% of “stale shares”.poker na bitcoinThe Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins; Reward-Drop ETA date: 09 Jul 2016.bitcoin jak kupić

This might partly be compensated by falling difficulty, raising prices, higher transfer fees, etc. A mining computer generates a lot of heat as a byproduct.This can impact your heating/airconditioning costs depending on outside temperatures.Other byproducts could be noise and an angry wife.Do you have lots of experience with and like working with computers during lonesome nights?You have to spend quite some time to set up the system (easily several days!)You will not get a 100% uptime.You will probably not be able to reach the highest values in the Mining Hardware Comparison.Some bragging / measuring error and extensive overclocking of the cards is involved here.Note ClockTweak, a win32 command line overclocking/underclocking tool powered by bitcoinX.Scaling effects: three cards in one rig do worse than a single card because it gets harder to get out the heat.Results in the list above do not reflect the number of cards.A disruptive technology like ASIC chips could show up and make GPU mining less profitable.

Politics and legal issues might affect the bitcoin market.Possible additional benefits: With namecoin merged mining you might be able to squeeze out a little more or be able to register a couple of .bit domains.You might be able to save heating costs when it’s cold outside.Some people use watercooled rigs for floor heating.You can use your rig as an internet radio or media PC or a server in general. Bitcoin Asic Hosting HomeAbout Our TeamBitcoin Miner ServicesBlog— Categories—— Company News—— Mining Roundtable—— Customer ReviewsOur FacilityPricingEnterpriseSupport— FAQContact Us Bitcoin Miner Power Efficiency -- Why should I care?4 September 2015 Written by Lauren Miehe Print Email Be the first to comment!Bitcoin mining in 2015 is now serious business.In the early days of Bitcoin mining, that we participated, mining was a completely different beast when is comes to income earned compared to expenses to mine.A majority of the mining capacity was multi-GPU mining units with just a sprinkling of pre-ASIC hardware that still carried a large premium.

Much has changed since those days.We are now in the 4th Generation of ASIC Bitcoin mining hardware and over 400 petahashes of capacity.The modern Bitcoin miner is of a much more professional nature while they understand you not only need efficient Bitcoin mining hardware but a comprehensive hosting plan to maintain their mining capacity over the duration of their investment.At the heart of these calculations is the power efficiency of the Bitcoin miner.What this boils down to is the how many watts does the miner use for each Gigahash of processing power.Take the newest offering from Antminer, the S7, it takes only 1,210 watts  to produce 4.8 Terahashes of mining power.This equates to 0.25 Watts of power per Gh/s.That is a huge leap from the first generation of ASICs like the Avalon that was a 8.3 Watts per Gh/s.The newest generation is 32 times more efficient than when ASICs first started mining Bitcoins on the Blockchain.This trend will continue.The reason this is so important is because as the difficulty rises, the more inefficient miners will have higher expenses to generate their Bitcoins.

With rising difficulty, you can imagine miners being trapped on an island with rising water (difficulty), the more efficient your mining hardware, the higher land your operating is on.Once your underwater, this means that your hardware is costing more in hosting expense than the underlying Bitcoins it generated in a given set of time.This means that if you are mining in this manner, you are speculating that the price will increase long-term and that is worth mining at a loss in the present.This situation you will find become increasingly rare.Many large miners we speak with are quite aware of this and the mining operation needs to stay in the black.The other force pressing on this calculation is the hosting expense of running tens or hundreds of Bitcoin miners.Along with this march of increased mining efficiency, it has along increased the amount of heat and power required to effectively run these miners.This is where traditional data-centers and Bitcoin colocation startups come into play.

The power density needed to run a medium or large farm outstrips most commercial buildings and will require extensive and expensive upgrades to make capacity available to operate the miners.Their most important expense is what the utility charges them for power.Power rates vary all across the world and even state-to-state in the U.S and Europe.Hosting companies need to charge a price to Miners that covers their utility costs, along with other operational expenses.That means that because of the dependency of miners on using some form of hosting, means there is a price floor above the raw cost of electricity that equates into the mining profitability calculations that determine the overall performance of the investment.Currently in my calculations, a price under $210.00 USD per Bitcoin is so low that long-term mining is not profitable with the current generation of miners.Mining is a zero-sum game, you get Bitcoins via mining by reducing the amount of Bitcoins going to all the other miners that were mining before the newest miner came online.