Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in , the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Dec 01, · If the Bitcoin Network Hashrate is at 85 EH/s (85,, TH/s), a WhatsMiner M20S ASIC miner with 68 TH/s, will earn around BTC per day before pool fees. BTC is calculated by 68 (miner hashrate) ÷ 85,, (network hashrate) × (number of blocks per day) × (block reward). 79 rows · Calculate Bitcoin (BTC) mining profitability in realtime based on hashrate, power .
Bitcoin miner profitsRealtime mining hardware profitability | ASIC Miner Value
Bitmain Antminer S15 28Th. Holic H Bitmain Antminer T15 23Th. Innosilicon T2 Turbo 25T. Bitmain Antminer S11 GMO miner B2. Innosilicon T2 Turbo. Baikal BK-D. Bitmain Antminer X3 Kh. Goldshell HS3. Bitfily Snow Panther B1. Baikal BK-N GMO miner B3. Innosilicon T2 Terminator. FusionSilicon X6 Miner.
Innosilicon A8 CryptoMaster. Halong Mining DragonMint T1. Bitmain Antminer S9 Hydro 18Th. Bitmain Antminer S9j Bitfily Snow Panther A1. Baikal BK-B. Bitmain Antminer B7 96Kh. Bitmain Antminer S9i 14Th. Bitmain Antminer S9k Bitmain Antminer S9 14Th. Goldshell HS3-SE. Bitmain Antminer S9 FusionSilicon X7 Miner. Bitmain Antminer S9i 13Th.
Bitmain Antminer S9 13Th. Innosilicon A8C CryptoMaster. Baikal BK-G Bitmain Antminer R4. Ebang Ebit E9i. Ebang Ebit E9. Todek Toddminer C1. Baikal BK-N. Bitmain Antminer E3 Mh. Dayun Zig M1. BW L Pantech SX6. Originally, in , Satoshi Nakamoto set the mining reward at 50 BTC, as well as encoding the future reductions to the reward. The Bitcoin code is predetermined to halve this payout roughly every four years.
It was reduced to 25 BTC in late, and halved again to The second source of revenue for Bitcoin miners is the transaction fees that Bitcoiners have to pay when they transfer BTC to one another. This is the beauty of Bitcoin. Every transaction is recorded in an unchangeable blockchain that is copied to every mining machine. Every miner needs to know the relevant tax laws for Bitcoin mining in his area, which is why it is so important to use a crypto tax software that helps you keep track of everything and make sure you are still making enough money after you account for taxes.
First of all, Bitcoin mining has a lot of variables. This is why buying bitcoin on an exchange can be a simpler way to make a profit. However, when done efficiently it is possible to end up with more bitcoin from mining than from simply hodling.
One of the most important variables for miners is the price of Bitcoin itself. If, like most people, you are paying for your mining hardware, and your electricity,- in dollars, then you will need to earn enough bitcoin from mining to cover your ongoing costs; and make back your original investment into the machine itself.
Bitcoin price, naturally, impacts all miners. However, there are three factors that separate profitable miners from the rest: cheap electricity, low cost and efficient hardware and a good mining pool. Electricity prices vary from country to country. Many countries also charge a lower price for industrial electricity in order to encourage economic growth. This means that a mining farm in Russia will pay half as much for the electricity you would mining at home in the USA.
In practical terms. These days there are several hardware manufacturers to choose from. The price of hardware varies from manufacturer to manufacturer and depends largely on how low the energy use is for the machine vs the amount of computing power it produces.
The more computing power, the more bitcoin you will mine. The lower the energy consumption the lower your monthly costs. Longevity is determined by the production quality of the machine. It makes no sense to buy cheaper or seemingly more efficient machines if they break down after a few months of running. One useful way to think about hardware is to consider what price BTC would have to fall to in order for the machines to stop being profitable. You want your machine to stay profitable for several years in order for you to earn more bitcoin from mining than you could have got by simply buying the cryptocurrency itself.
Unfortunately most older machines are now no longer profitable even in China. The Bitmain S9 has been operational since and interestingly enough they are still being used in Venezuela and Iran where electricity is so cheap that it outweighs the risk of confiscation. There may, eventually, be more reputable sources of sub 2 cents electricity as the access to solar and wind improves in North America. For the individual miner, the only hope of competing with operations that have access to such cheap electricity is to send your machines to those farms themselves.
Not many farms offer this as a service though. These days, every miner needs to mine through a mining pool. Whether you are mining with one machine, or several thousand, the network of Bitcoin mining machines is so large that your chances of regularly finding a block and therefore earning the block reward and transaction fees is very low. With one block per 10 mins they may have to wait 16 years to mine that one block. The oldest two pools are Slush Pool and F2Pool.
By contrast, cryptocurrencies like bitcoin can be bought and sold 24 hours a day, seven days a week. Bitcoin hit its all-time high over the weekend, while the stock market was closed.
Since cryptocurrency-miner stocks tend to follow the price of bitcoin up and down, it's only logical to see them going up today now that the stock market is open. To be clear, we can rule out alternative catalysts. None of these companies reported news, and I couldn't find new coverage from prominent stock analysts.
Furthermore, there's no reason to believe Marathon, Riot Blockchain, and Bit Digital stocks are going up from a short squeeze. According to data from Nasdaq , each stock has minimal short interest people betting against these stocks and all can be covered in one day.
Without getting too technical, suffice it to say this isn't a ripe short-squeeze situation. Here's why cryptocurrency miner stocks follow the price of bitcoin: The bitcoin network is run by a decentralized network of computers that keep track of transactions.
You could even set up your own computer to do this if you wanted, but you'd be competing against much faster and more powerful computers. These compete against each other to process transactions the fastest, and new bitcoin is awarded to the winner. This is the cryptocurrency mining process. Mining bitcoin has a real cost to it. Miners pay for their spaces, equipment, and electricity. While each company's cost structure is unique, they've all struggled to make a profit in recent years.
Over time, the cost to mine bitcoin goes up; if the price of bitcoin doesn't go up fast enough, it's not profitable. Consider recent financial data from Bit Digital. It reported results for the third quarter of on Dec. In other words, its business basically broke even. The price has since more than doubled, increasing Bit Digital's opportunity to profit.
Marathon, Riot Blockchain, and Bit Digital all generate revenue by mining bitcoin. Because the price of bitcoin has more than doubled since September, these companies should start bringing in more revenue and have a shot at higher prices.