Bitcoin Mining Calculator

When a Bitcoin miner finds the correct hash to solve the next Bitcoin block, the miner is rewarded with Bitcoin. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. A subreddit for the discussion of CPU mineable coins other than Monero (XMR) Burning up CPU cycles since early 2014. And in turn the Bitcoin mining pool charges a small fee, typically 1% to 4%. Typically, the configuration consists of setting the Bitcoin mining pool, user name, and password.

That being said, most ASIC miners require 220 volts or higher and at least 20 AMPs. You can check the Bitcoin miner specs to see the power requirements. Now, all Bitcoin mining is done using an ASIC Bitcoin miner as it is no longer profitable to mine with a CPU, GPU or FPGA. This process requires an enormous amount of computing power, which is represented by the Bitcoin hashrate. In order to secure and validation transactions – Bitcoin miners are constantly trying to solve the next Bitcoin block. Bitcoin mining is the process of securing and validation Bitcoin transactions on the Bitcoin blockchain.

Monero Profit Margin

Our BTC mining calculator makes it simple and easy to quickly see Bitcoin mining profitability based on hashrate, power consumption, and costs. Default inputs are preloaded with the latest Bitcoin difficulty target and Bitcoin mining hashrate for the best Bitcoin miner. Our XMR mining calculator makes it simple and easy to quickly see Monero mining profitability based on hashrate, power consumption, and costs. Default inputs are preloaded with the latest Monero difficulty target and Monero mining hashrate for the best Monero miner. Each XMR mining calculator input has been preloaded with the best Monero mining hardware hashrate and energy consumption in watts, average electricity costs as well as the current Monero price, Monero block reward, and Monero difficulty.

This simple Monero mining calculator will allow you to determine how much you can profit from any Monero miner. Enter all information, then press « SUBMIT DATA » to perform the calculation. You may enter data for more than one worker by clicking on the « Add worker » button.

The Monero mining information is updated continually with the current block mining information. This information is used as the default inputs for the XMR mining calculator along with the default hashrate and wattage specs from the best Monero miner. Enter your Monero mining hashrate, power consumption in watts, and costs. The blockchain is constantly growing and the Monero difficulty increases and decreases over time based on the total computing power currently mining blocks and generating hashes. This calculator uses recent data to attempt to approximate possible profits.

Monero Mining Rewards

Monero (XMR) is one of the most popular choices for mining due to its GPU and CPU friendliness. However, make sure to make exact profit calculations before spending any capital on mining hardware. Check out our other calculators to see if another one coin could be more profitable for you. Most Bitcoin mining device manufacturers provide a guide on how to configure the Bitcoin mining hardware. Once you have the Bitcoin mining hardware in hand, the last step is to configure each miner. At this point you should determine your available power capacity in wattage at the location where you’ll be mining.

After deducting mining power costs and mining fees, the final daily Monero mining profit is $0.08 Monero to USD. To start mining Bitcoin, you’ll need cheap electricity (a lot of it), an internet connection, and at least one Bitcoin mining hardware device – an ASIC Bitcoin miner. Pool fees – Usually miners group together into mining pools in order to increase their chances of successful mining. Now that you know how much power capacity you have (more is better), you can determine how many miners you can run. In this case, it would be about 11 Bitmain Antminer S17+ at 2,920 watts per device. Normally you can get the hash rate of a specific miner from its manufacturer or by online search.

Is Bitcoin mining still profitable?

Yes, mining Monero is still profitable – based on the mining hardware hashrate of 42,000.00 H/s, electricity costs, and pool / maintenance fees provided. Along with the Bitcoin mining profitability, the list of top 5 ASIC Bitcoin miners is updated frequently. A Bitcoin miner is also referred to as a Bitcoin mining rig, or a Bitcoin mining hardware device, or a Bitcoin mining machine, but we simply call them miners, or more specifically, Bitcoin miners.

• This process requires an enormous amount of computing power, which is represented by the Bitcoin hashrate.
• To increase the chances of solving a Bitcoin block, you can join a pool of other miners all working together to solve a block.
• Normally you can get the hash rate of a specific miner from its manufacturer or by online search.
• In order to secure and validation transactions – Bitcoin miners are constantly trying to solve the next Bitcoin block.

This allows users to mine from a good set of devices like desktop computers, smartphones and even those connecting with IoT. MintMe is a blockchain that  makes the most of the untapped CPU resources of internet-connected devices to secure Smart-Contract-powered DApps. It is important to point out that the number of days calculated does not account for difficulty increases and decrease as well as block reward increases and decrease (halvening).

Bitcoin Mining Calculator Inputs

The Bitcoin hashrate is number of possible solutions (hashes) being generated per second.

After deducting mining power costs and mining fees, the final daily Bitcoin mining profit is $6.46 Bitcoin to USD. One of the main limitations for any person willing to mine is to own profitable hardware in relation to the current blockchain difficulty, which usually translates to high-end machines cfty (with cutting edge CPU & memory components). MintMe doesn’t require a particularly good hardware in order to mine; as long as the device has a processor, it will make use of a percentage of the idle CPU power and will use it to mine using a script, which is executed asynchronously.

You’re looking for more hashing power or You want just to try mining? Please make sure the pool is not already in the MINTME mining pools list. There are over 1.5 billion websites delivering millions of services every second; each of them could be helping to secure a future where the internet is decentralized and monopoly-free. However, the Cryptonight community wasn’t happy with the introduction of ASIC miners.

It does not take into account exchange rates fluctuations, changes in difficulty level, cost of hardware use etc. Real results may differ significantly from the result of the calculation. To find out more about bitcoins visit and search the internet for btc virtual currency.

The Bitcoin mining information is updated continually with the current block mining information. This information is used as the default inputs for the BTC mining calculator along with the default hashrate and wattage specs from the best ASIC Bitcoin miner. Enter your Bitcoin mining hashrate, power consumption in watts, and costs. Along with the Monero mining profitability, the list of top 5 Monero miners is updated frequently. A Monero miner is also referred to as a Monero mining rig, or a Monero mining hardware device, or a Monero mining machine, but we simply call them miners, or more specifically, Monero miners.

This coin had no ICO and has gained credibility among community members, it is also available to be mided via websites through CoinIMP.com. Every aspect of our Monero mining calculator has been developed for miners by miners. To increase the chances of solving a Bitcoin block, you can join a pool of other miners all working together to solve a block. Given the Bitcoin hashrate, it is statically impossible to generate enough hashes to solve a Bitcoin block mining solo (by yourself). You’ll need to have access to very cheap electricity and a cool environment to be profitable with Monero mining.