Some calculators will show your likely profits on an hourly, daily, weekly, monthly, and yearly basis. Once you’ve entered all your mining information, click “calculate” and the results will appear automatically. Mining difficulty – in order to keep inflation under control, it gets harder to mine Bitcoin as more miners join the network. It is currently 12.5 Bitcoins per block but will fall to 6.25 in 2020. In 2012, the reward was cut from 50 Bitcoins per block to 25. The Bitcoin block reward – this is halved roughly every four years. The current Bitcoin price – the higher it is, the more profitable mining can be. The calculator will also have some pre-filled sections, which are continually updated. Pool fees – if you’re in a Bitcoin mining pool, it probably charges a small percentage-based fee. The lower the price of your electricity, the more profitable your mining operation will be. Mining Bitcoin uses a huge amount of power, depending on the size of your operation. If you take your mining hardware’s hash rate and divide it by its power consumption, this will give you an indication of how efficient it is. The amount of power your miner consumes (in watts). The higher the hash rate, the faster it can mine Bitcoin. This is usually measured in GigaHashes per second. The hash rate of your Bitcoin mining hardware. There are several parameters you can fill in, and the more information you provide, the more accurate it will be. You can find an array of Bitcoin mining calculators online. What details to enter into a Bitcoin mining calculator A Bitcoin mining calculator will help to provide the answer. Without the use of specialised, high-powered machinery, it can be hard to mine profitably on a small scale.Īs a result, it’s a good idea to work out what your likely profits will be before you get into Bitcoin mining. Some people are mining Bitcoin on an almost industrial scale, which makes it difficult for small miners to compete. Please report any errors and/or inaccuracies using the 'Send feedback' link at the bottom of the page.Now, however, the process has become more complicated. To find out more about bitcoins visit and search the internet for btc virtual currency. Real results may differ significantly from the result of the calculation. It does not take into account exchange rates fluctuations, changes in difficulty level, cost of hardware use etc. This calculator uses recent data to attempt to approximate possible profits. The current exchange rate (updated every 2 hrs from Bitstamp). The cost of energy in your area, expressed in $/KWh. If you have multiple workers on a single computer (for example when using multiple graphics cards) remember to add the power consumption of the computer to the consumption of one of the workers, You may also add the extra power consumption as an additional worker generating 0 MH/sĪssuming you are using a pool, this figure represents the commissions taken by the pool or the percentage of earnings that you decide to donate to the pool. The power consumption in watts of each individual worker. Specify how many mega-hashes per second each worker (graphics card or cpu) is able to generate. Current value is updated every 2 hours from Bitcoin Block Explorer Difficulty changes approximately every two weeks. The difficulty level is a number expressing 'how difficult' it is to find a new block. For more accurate power consumption calculation remember to add the expected power consumption of the computer hosting the workers. You may enter data for more than one worker by clicking on the 'Add worker' button. This calculator computes average profits from bitcoin mining.Įnter all information, then press 'SUBMIT DATA' to perform the calculation.

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