Profitability Calculator | NiceHash

SHA256 with ASIC compared to Scrypt with GPU

this is the very basic for latecomer always doesn't understand.
i keep seeing they insist on mining bitcoin with SHA256 ASIC, i know its fun, its fun to see you generate money out of thin air, but thats not how we do it today because SHA256 ASIC era are gone, its very expensive playing field right now, if you insist want to mine some bitcoin, you should start mining using GPU! why?
lets calculate profitability of your SHA256 ASIC, and lets make it really easy by assuming some factor :
now go here you will see you will get 1 BTC in about 75 days right now (see the 2nd column from the rightmost), this value is not correct since it does not account for difficulty increase within 75 days, bitcoin difficulty are increasing about 35% in 2 weeks, thats about 70% per month, you will see the correct calculation is here which you will never get 1BTC within a year, and after 6 months your ASIC doesn't generate bitcoin anymore
now lets compare it to GPU miner for Scrypt mining, which i use realistic assumption here
now go here, you will see that on the most profitable coin (first row) you will get 1 bitcoin for about 30 days (its 45 days faster than SHA256 ASIC), how about difficulty increase within these period, this factor is not as scary as bitcoin, lets see difficulty chart for LTC here, you will see that the diff is up and down, by calculating the data history for 1 year, you will get that LTC difficulty increase is about 3% per month on average (this is 25x smaller than bitcoin difficulty change rate), so coinwarz data is not too much way off here by not take into account of difficulty increase
TL;DR;
note: this calculation are made in worst case scenario for GPU compared to best case scenario for bitcoin ASIC
thats just prediction and calculation, things will go wrong right? lets see the report from my own GPU mining rigs here, see 2nd sheet (RIG1-Report), this is my earning report day to day in BTC (already running since december 2013), my rigs cost about 2000$ (this is 2nd hand 6x AMD 7970 for 4.2MH/s) and will ROI within 50 days from start if my calculation are correct
submitted by uraymeiviar to BitcoinMining [link] [comments]

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I also have an Asus 280x and using these settings: -I 13 -g 2 -w 256 --thread-concurrency 8192 --gpu-memclock 1500 I get around 720-730 Kh/s at around 74-75C with 45% fan speed. An easy to use crypto-currency finance utility used to calculate a Bitcoin Gold miner's potential profits in ETH and multiple fiat currencies. The calculator fetches price and network data from the internet and only requires the hash rate (speed of mining) from the user. A projected future profit chart is created dynamically and displayed instantly. Contents1 Bitcoin is a bubble or new technology? 2 r9 280x ethereum hashrate today. 3 Do you believe in Bitcoin? It is unequivocal that r9 280x ethereum hashrate is gaining popularity. And this popularity is changing with varying success. Bitcoin is a bubble or new technology? The world has split into two camps. Some consider […] Profitability Calculator Check the potential earnings of your hardware. Calculator Exchange rate of 1 BTC = 9589.90 USD was used. Check Our Latest Articles. press. 24 Jul 2020. Start using NiceHash Lightning Network with zero fees! press. 23 Jul 2020. Bitcoin Gold (BTG) market is temporarily shut down! press. 22 Jul 2020. New main menu for Calculate how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin $9,660.76 $65.01 $302.17 $73.31 $6.64 $74.56 $48.29 Follow @WhatToMine dark mode What To Mine

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Bitcoin News Today 2020: Heavyweight Hedge Fund Uses Mind-Mending Math To Invest In Bitcoin.

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