Bitcoin, Dogecoins, and other cryptocurrencies have grabbed a lot of headlines for their explosive growth (and bust, and growth, and, well…).The trick is that generating this currency—"mining" it—requires an awful lot of computing power.Instead of computers, let's use lots of smartphones!Unfortunately, security company Lookout says that the math on mobile mining just doesn't add up.Mobile Mining Number CrunchThe numbers say it all.Lookout's researchers calculated that if you're mining for 24 solid hours on a Samsung Galaxy SIII, you'd only earn .00000007 Bitcoin or $0.00004473.In order to make just one Bitcoin in a day, Lookout says you'd need 14,285,714 phones working full-tilt simultaneously.Bitcoins are hugely valuable (over $600USD per Bitcoin), and therefore require huge resources to mine.But even less valuable cryptocurrency, like Litecoin, are beyond the reach of mobile miners.If you took 3,752 SIII phones and let them work for 24 hours, you'd end up with a single Litecoin which is worth a paltry $8 USD.

Malicious Miners Despite the overwhelming odds, Lookout's principal security researcher Marc Rogers told Security Watch he has seen numerous malicious Bitcoin miners targeting mobile devices.He estimated there was a new mining variant detected every month."The kind of folks who are making mobile malware are very, very inventive," he said."Every new mining system has a new feature.They're trying every direction they can to make it profitable, and that's quite fascinating."Why then do malicious mobile miners persist?Rogers  believes that the benefits of the cryptocurrency (it's free, untraceable, and so on) are simply too tempting for malware creators.There's also a "cool factor" in trying to exploit this new technology."Early iterations of mining malware did not seem like serious attempts to be profitable, just playing with the technology and seeing what they could do with it," said Rogers."But it's pretty clear that the later versions are deliberate attempts to be profitable."Currently, Rogers says that Lookout is seeing mobile miners trying to be more discreet in order to distribute their malware to more victims and keep infected phones mining longer.

According to Lookout, instead of working your phone until smoke pours out, sophisticated malicious miners only run when connected to chargers, or when the screen is off.Of course, these kinder, gentler malicious miners can't mine nearly as much per day as more aggressive apps.There's a Better Way Of course, there are legitimate Bitcoin mining apps out there, and some developers may be tempted to include mining code in their own applications in the hope of making a little money.However, Rogers says that there is a much simpler way to turn a legitimate profit with mobile apps.Before you freak out, remember that Lookout is no friend to malicious or abusive advertising."Advertising gets a bad rap because we see ad networks that spoil your gameplay or your user experience, but there are good advertising networks out there that are responsible and careful," said Rogers."Advertising would be thousands of times more profitable for a developer than mining.There's a reason ads have powered the mobile ecosystem."

Case in point, the surprise mega-hit Flappy Bird reportedly earned its creator $50,000 a day in ad revenue.litecoin exchange rate bitcoinMobile Mining Here to Stay Though Lookout's numbers paint a bleak picture, Rogers that we'll see more mobile mining as phones become more sophisticated.bitcoin price sek"Maybe a new phone will come out with a GPU accelerator, so they'll try to use that for mining," he said.buy bitcoin by wmz"Every time there's a new option, we'll see people try to leverage it."bitcoin widget windows 8But until you can fit a high-powered computer in your pocket (or a Dogecoin mining NAS), mobile mining will be remain academically interesting but financially flat.bitcoin 150 kroner

The requested page title contains invalid characters: "%27".litecoin wallet codeReturn to ARK Survival Evolved Wiki.bitcoin saudi atmMonero Sign up or log in to customize your list.bitcoin cnn en espanol_ 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.ephemeral port rangeI 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?Browse other questions tagged hashrate cpu-mining gpu-mining hashrate-comparison or ask your own question.