How to use the mining proceeds calculator?
The benefits of mining are influenced by a number of factors, including, inter alia, your mineral performance, the cost of electricity and the state of the network of encrypted currencies. This calculator is designed to help you accurately assess the return on investment in mining.
Description of key parameters
- Alteration (Hashrate): The number of Hashi operations per second of the mine machine. TH/s is the unit of the calculator that is commonly used in bitcoin machines.
- Network Hashrate: The total power of all active miners on the Internet. Your share of the proceeds is equal to your "Current/ Whole-Net " .
- Block Award (Block Reward): Number of encrypted currencies rewarded for each new block that is dug out. Bitcoin is halved every four years.
- Electricity cost: Mining is an energy-intensive activity, and electricity is usually the largest operating expense.
How can the profits from mining be increased?
- Searching for cheap electricity: The success or failure of mining depends largely on electricity costs. The search for clean energy or low-cost areas for industrial power is critical.
- Upgrading of mine efficiency: The new generation of miners (e.g. ant machine S21) has higher energy efficiency (J/TH) and can produce more at the same electricity cost.
- Select a low-rate mine: The mine ponds usually charge 1-4% handling fees, and the selection of a stable and reasonably high rate increases net returns.
- Dynamic adjustment policy: Recalculates the current cycle periodically to optimize your portfolio as the full-network computing power and difficulty increases.
Excusing statement
The revenues from mining are affected by multiple uncertainties such as volatile currency prices, a dynamic adjustment of the global difficulty and depreciation of hardware. The projections provided in this tool are indicative only and do not constitute any investment recommendations.