It's not about how many miners you have anymore.It's not about your hashrate anymore.Mining, due to the price of Bitcoin at this moment, is about judging whether you're served better by buying miners and mining or buying Bitcoin outright.Buying Bitcoin miners is expensive.The initial capital investment is hard to overcome with the ever increasing difficulty rate.And you must remember that the reduction of the block reward by half is happening in less than two months, which will make that even more difficult.Unless you know a way to get the best miners free or at a steep discount you're at a disadvantage.Powering Bitcoin miners is expensive.The electricity cost of these powerful machines eats into profit every second they are running.Unless you get free or cheap electricity, you're at a disadvantage.Cooling Bitcoin miners is expensive.Again, this is usually a steep electricity cost.Unless you live in the Arctic or in the mountains where you can simply use the outside air as ambient cooling, you're at a disadvantage.Then there's housing, security, maintenance, break downs, network costs, etc.

All costs that eat into profits.If you're looking to mine because you've got an itch to mine, do so.If you're looking to mine to learn about mining, do so.bitcoin sms walletIf you're looking to mine to help decentralize the mining process, do so.ethereum ether buyIf you're looking to mine because you want free or easy money, you're going to be disappointed.bitcoin fix walletYou'll have a much better return on investment buying Bitcoin outright and holding them.One caveat to this answer is that the conditions all change if the price of Bitcoin rises significantly enough to make the block reward worth chasing again or the mining fees increase significantly enough to pay miners what the block reward used to be.dogecoin mining free

Then this would change all the numbers involved.If you are interested in Bitcoin mining consider joining a network with purchasing power with Bit Fury and one that runs off of geothermal energy, the BitClub Network.anx bitcoin credit cardBitClub allows you to purchase mining equipment with a continual re-purchase of your initial contract which means your mining contract pays out forever.ubuntu run bitcoin serverBitClub also has one of the largest pools which can be verified on Blockchain and you not only earn residuals but earn free ClubCoin as well with every contract.bitcoin miner githubCheck it out by signing up here BitClub Network Whether or not a miner is "successful" would lie in the eye of the beholder, as this seems like a judgement.bitcoin predictions july 2013

I mine at a loss, yet I still consider myself a successful miner, as I am submitting shares (the definition of a "successful" miner, in my book) and mining blocks (alt-coin blocks, that is).litecoin transaction feeIf you are looking to get a Return on Investment of mining equipment, it's rather challenging, unless you are mining obscure, little-known coins and hope they reach a wider audience later in their lifecycle, or you solo-mine, and are extremely lucky.To mine one Bitcoin block in a month, in the spring of 2016, with the current difficulty of 158,427,203,767.39 (hashrate of 1,252,197,984), you could guesstimate:  As there are 144 blocks per day, and 4,320 block per month, you'd need 1/4320 of the current hashpower to mine 1 block in that month, or today, approx 290,000 GHs.The best currently available consumer miner, the Bitmain S7, gets nearly 4,800 GHs, you'd need about 60 S7s running all month to mine 1 block (of course as the network grows you'd need more hashpower, so this snapshot isn't really accurate, but it's a good rough estimate for starters.)

Monero Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote down vote favorite 8 I have been trying to calculate hashrates but it is a little confusing.I just want to get a general idea.What CPU / GPU would be required to solo mine 1 coin a day?hashrate cpu-mining gpu-mining hashrate-comparison up vote down vote This answer will attempt to answer the question at multiple levels, as follows: Section I explains the basics of how to calculate this yourself.Section II provides updated calculations based on Section I. Section III provides an abstracted way to determine this based only on the total network hashrate and the total number of coins in circulation.Enjoy :) I. Explaining how to determine this on your own: Some basics: Monero has an average block time of 2 minutes, meaning that there are approximately 720 blocks per day.

Your expected reward is proportional to your share of the network hashrate.The current hashrate is ~23.3 MH/s (http://moneroblocks.info/), or 23300000 H/s.Monero's block reward is decreasing slightly every block.Right now it is a little less than 11 XMR, but I'm going to just use 11.0 in my calculations.To find out the exact reward at any given time, you could go to a block explorer (http://moneroblocks.info/) and click on the most recent block.It will tell you the reward for that block.Disclaimer: The reward changes based on how many transactions are included in a block.For instance, block 1124279 was empty and had a reward of 10.826400000000, while block 1124278 had 4 transactions and a higher reward of 11.078600000000.Nonetheless, you can get a rough idea using this method... Okay, putting it all together, where your share of the hashrate is "n": daily reward ≈ (720 * Avg Block Reward * n)/(Network Hashrate) Since the question was for a reward of 1 XMR per day, using the numbers above: 1 XMR ≈ (720 * 11.0 * n)/(23300000) and solving for n: n ≈ 23300000 / (720 * 11.0) n ≈ 2942 H/s which is pretty close to @villabacho's answer.

Generally speaking, the formula to determine the hashrate needed to mine 1 XMR per day is: n = (Network Hashrate) / (720 * Avg Block Reward) What CPU / GPU would be required to solo mine 1 coin a day?The most energy efficient GPU that I know of for mining XMR is the GTX 750 Ti, which gets approximately 250 H/s for a little more than $100/GPU.12 of these GPUs would give you 3000 H/s, or a little more than 1 XMR per day at the current mining and reward levels.20 June 2017 Update to Section 1: Hashrate: ~87.4 MH/s Reward: ~7.22 XMR/block (including fees) Using our formula n = (Network Hashrate) / (720 * Avg Block Reward): n = 87400000 / (720 * 7.2) n = 16812 H/s, or 16.81 kH/s to mine 1 XMR per day.You would need approximately 67 GTX 750 Ti's at 250 H/s each, OR approximately 28 RX 470's at 600 H/s each, OR approximately 22 RX 480's at 750 H/s each.20 June 2017 addition abstracting calculation further: A more general formula can be developed that calculates the Average Block Reward used above from the total coins in circulation.

The base block reward is calculated by Reward = (M - A) * 2^(-19) * 10^(-12) where M = 2^64 and A is the current amount of XMR in circulation (in terms of atomic units, where 1 XMR = 10^12 atomic units).We can reduce this for ease of use to be as follows: Reward = (18446744.073709551616 - a) * 2^(-19) where a = A * 10^(-12) and represents XMR "coins" in circulation as we traditionally think of them.From this formula, it should be clear that the base reward for each block is progressively decreasing.However, we can consider it roughly constant in the short term for our purposes here, as over a 720 block period (one day) the reward drops ~0.01 XMR at today's rate.Therefore, we can substitute this Reward value as an approximation of the Avg Block Reward over a relatively short period with an error of much less than 1%.Combining our two formulas: n = (Network Hashrate) / (720 * Avg Block Reward) and Reward = (18446744.073709551616 - Coins in Circulation) * 2^(-19) and reducing gives n = (Network Hashrate * 2^19) / (720 * (18446744.073709551616 - Coins in Circulation)) or more simply n = (728 * Network Hashrate) / (18446744.073709551616 - Coins in Circulation) According to https://www.monero.how/ at the current block height of 1336863, The network hashrate is 87.4 MH/s or 87400 kH/s There are 14658448 total coins in circulation Substituting these values into our formula n = (728 * 87400) / (18446744.073709551616 - 14658448) [kH/s] and noting that n is in kH/s, we would need 16.796 kH/s of hashing power to mine 1 XMR today.

Note: This calculation does not include fees, so you should actually mine slightly more than 1 XMR today with that hashrate.But you will have to pay pool fees, account for variance, etc, so it's a fairly good approximation still.TL;DR - Use one of these formulas: n = (Network Hashrate) / (720 * Avg Block Reward) or n = (728 * Network Hashrate) / (18446744.073709551616 - Coins in Circulation) up vote 6 down vote /mining/calculator/xmr you need 2910 H/s at the moment to mine 1 XMR per day./spreadsheets/d/1E0GqJdLhMmeO5BW3RBcIpftMR_BJhnyUS464ZO_EYGQ/edit?pref=2&pli=1#gid=1 From that you can figure out how many cores or GPU's of a specific type you need to get the required hash rate.protected by 5chdn Thank you for your interest in this question.Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count).Would you like to answer one of these unanswered questions instead?