NEW: BTC Mining Calculator

[KaptainBlaZzed]

I have been looking for a Bitcoin calculator that took into account difficulty changes and could not locate one, so i decided to build one.

BTC Mining Calculator


This is my first pass at is, so it might not be 100% accurate.
Give it a try and let me know what you think.
Think of a feature it needs, let me know.
If you encounter an error or find a miscalculation, please let me know.

Be patient, my host is a little slow.

Thanks,

[Zloyd]

Looks better than anything else out there. Experienced miners will comment on accuracy. I wonder if you could add a pool mhash also. So you can figure out if you changed pools to something bigger if it helps at all.

[don_xvi]

I can't seem to connect to it at all. The little circle just spins in the top of the tab.

[KaptainBlaZzed]

I can't seem to connect to it at all. The little circle just spins in the top of the tab.

it is hosted on port 81, so if your firewall is locked down you might not be able to get there.

[Jen]

be good if you can add in a feature to figure out cost of electric as well to compensate for what you really make per day , week etc


Jen

[INFRNL]

I can't seem to connect to it at all. The little circle just spins in the top of the tab.

weird; worked for me last night but right now i am getting the same as you.

[slaveondope]

be good if you can add in a feature to figure out cost of electric as well to compensate for what you really make per day , week etc


Jen

http://bitcoinx.com/profit/index.php

[KaptainBlaZzed]

be good if you can add in a feature to figure out cost of electric as well to compensate for what you really make per day , week etc


Jen

Added an electricity cost estimator to the calculator.

Will complete it all the way through tomorrow.

[Jen]

Added an electricity cost estimator to the calculator.

Will complete it all the way through tomorrow.

thank you

Jen

[OldChap]

Nice piece of work!

How fast are these difficulty increases coming around? it seems that at this pace one needs to buy at least 1 new card a month just to keep the output level

[[XC] hipno650]

Nice piece of work!

How fast are these difficulty increases coming around? it seems that at this pace one needs to buy at least 1 new card a month just to keep the output level

in theory with difficulty increases we should also see a rise in the value of BTC considering less will be produced overall. it did not happen the last time as the Mt. Gox hack send everyone panicing and selling and whatnot. but since the hack panic has calmed a bit the price is back on the rise from what I can tell...

[slaveondope]

The coins are introduced at a set rate of 6 blocks(50btc) per hour(well what the system strives to achieve) no matter the difficulty. Difficulty adjust every 2016 blocks and the system adjust the difficulty to try and achieve an introduction rate based on the networks power of 6 blocks (50btc) a hour, that equals ~14 days before change. However if the network is increasing in power quickly you can see difficulty change in ~10 days due to more than 6 blocks being released an hour on average. At that point the math problem is made more difficult for the network to curb the excessive release of blocks in order to retain 6 blocks/hour.

Difficulty follows price. If price remains stagnant we'll see a leveling off of difficulty as mining becomes less profitable, like we see now with today's new difficulty level per exchange rate. We are releasing the desired ~6 block/hour right now and if that's maintained little to no increase in difficulty will occur in ~14 days. If the exchange value shoots up again we'll see the difficulty follow that price and increase as well since profitability for miners has improved. Should the exchange value fall we will likely see no increase in difficulty and even a reduction of it as people stop mining.

[KaptainBlaZzed]

Nice piece of work!

How fast are these difficulty increases coming around? it seems that at this pace one needs to buy at least 1 new card a month just to keep the output level

Thanks, and i like the suggestion.

Added to the BTC Mining Calculator

Difficulty change adjusted calculations

• Return on Hardware Investment
• Time Frame Profit
• MHash adjustment to keep current production level after difficulty change

I believe my calculations to be correct based on the available information, but i want to be sure.
Can someone check my calculations and report back?

[KaptainBlaZzed]

Added error checking for all user entries.

and if any of the data GETS fail, the calculator will now still function.

[ggdh]

I appreciate your work: I use your calculator daily to check how difficulty changes (in % instead of comparing two values from bitcoinwatch)

[KaptainBlaZzed]

I appreciate your work: I use your calculator daily to check how difficulty changes (in % instead of comparing two values from bitcoinwatch)

Thanks, I also use it daily for the stats.

[KaptainBlaZzed]

I have added a graph of the estimated production and an electricity break even BTC price to the calculator.

With all the talk of quitting due to low price i have seen lots of post about break even price.

Hope this helps somebody.

[ggdh]

It's useful for me

I stopped mining. I can do more by trading day by day... But to start I had to gather some capital first.

[BeepBeep2]

Yep, I can no longer make a profit from Bitcoin...

In fact, I lose 65%...

[[XC] Oj101]

1159929.497 difficulty
$6.114 per BTC

Are these figures correct?? If so, I'm going to start up again as 130MHash/s equates to $20/month and I'm not paying for power.

[KaptainBlaZzed]

1159929.497 difficulty
$6.114 per BTC

Are these figures correct?? If so, I'm going to start up again as 130MHash/s equates to $20/month and I'm not paying for power.

Yes, they are correct. I use them on a regular basis.

They are pulled directly from the stats server and the Trade Hill Exchange.