Bitcoin Mining Calculator and Profitability Calculator
Further, the design and manufacture of any 10nm Bitcoin mining hardware is likely to take at least a year. Power Supply The good news is that existing power supplies, at least those of sufficient wattage, are fully compatible with the S9. Recommended for use with the S9 are: A total of chips, spread over 3 circuit boards, are combined to achieve this phenomenal hashrate.
Your Pool Fees will be determined by your mining pool; although the S9 is plenty powerful, a single unit is highly unlikely to find any blocks when solo-mining. Of course, such impressive results assume all factors stay constant which is hugely improbable in the ever-changing world of Bitcoin!
Power Consumption The cutting-edge manufacturing process is what makes the S9 the most electrically-efficient mining device to date. It uses a mere 0. The S9 consumes about W more than the S7. Setup Apart from the power supply, the S9 is a self-contained unit. Risk of fraud Less fun if you’re a geek who likes system building! Lower profits — the operators have to cover their costs after all Contractual warnings that mining operations may cease depending on the price of bitcoin Lack of control and flexibility.
Types of cloud mining In general, there are three forms of remote mining available at the moment: Hosted mining Lease a mining machine that is hosted by the provider. Virtual hosted mining Create a general purpose virtual private server and install your own mining software. Leased hashing power Lease an amount of hashing power, without having a dedicated physical or virtual computer. This is, by far, the most popular method of cloud mining. How to determine profitability We have previously covered ways to calculate mining profitability.
However, the web services offered are designed to work with your hardware parameters, not cloud-mining parameters. Even so, you can still use these calculators by thinking clearly about the costs involved. Effectively, you are being asked for your ongoing costs and your one-off investments. Therefore, since the provider, not you, is paying the electricity bills, you can enter the monthly mining bill in place of the electricity cost. The conversion process isn’t completely straightforward, though.
In the case of hardware miners, you can work out the monthly running cost by multiplying your electricity charge ie: But, for cloud mining calculations, you need to do the opposite, because the provider gives you an effective monthly running cost. Hence, you need to calculate an equivalent cost per kilowatt hour to feed into the mining calculator.
This is done by dividing not multiplying the monthly running cost by the 0..