Litecoin Mining Calculator

5 stars based on 44 reviews

This is my review after upgrading my BTC mining to This post is based on my experience and results thus far with Genesis Mining. This post is not meant to be investment advice. Your results may vary based on the many factors associated with cryptocurrency mining contracts. This post is an update to my " Genesis Mining Review: My 7 Months of Mining " post made 7 days ago. Bitcoin mining will continue until the number of Bitcoins reaches 21 million.

It is estimated that the last Bitcoin will be mined in the year The Bitcoin mining contract offered by Genesis Mining is a lifetime contract. Bitcoin halving events occur everyblocks, roughly every four years. I was Bitcoin mining during the last Bitcoin halving. Yes, my payout did get cut in half but it recovered when the price of Bitcoin rose.

10 gh s bitcoin miner test speed have been mining with Genesis Mining since June Mining with Genesis has given me 10 gh s bitcoin miner test speed consistent daily income stream. And that is my goal to have a consistent income stream. I initially started Bitcoin mining at 10 gh s bitcoin miner test speed Mining with 0. After about 7 months at this rate to assess the viability and reliability of Genesis MiningI decided to upgrade my hash rate.

Their upgrade purchase gave me another 0. The following chart shows my last six payouts. Created Using MS Excel. The past six BTC payouts since upgrading to I will continue to watch the payout consistency. Of course the next halving event will reduce the BTC payout. Based on these statistics I estimate I will recover my initial investment in days or 20 April which is well before the next halving event. The following chart to examines the long 10 gh s bitcoin miner test speed potential payouts.

I used the following assumptions:. As you can see if the price of BTC doubles every four years the payout in USD per day is a repeating pattern that resets after each halving event.

I will keep you posted on my progress. If you are interested in learn more about Genesis Mining then click here to visit their website. I buy 10 gh s bitcoin miner test speed Bitcoins through Coinbase.

For me, buying Bitcoins through Coinbase is fast and convenient. Bitcoin Block Reward Halving Countdown. If you like this post, you can upvote, follow, share, and re-steem this post. AFcBhU Let me know about it and i will use yours in return: I have added your code to my list. I just bought a 2 year Ethereum contract with your code Paid in Dash 0.

Have a great day and remember you are also on my rotation list. I will upgrade soon I am currently upgrading my X11 contract. Look for another upgrade using your code in about a week. I am now upgrading X11 everyday for as long as it is available. You should get a confirmation soon.

I have to wait? Only Ether and Monero can be mined. From time-to-time Genesis Mining sells 10 gh s bitcoin miner test speed their capacity in a mining contract. Normally it takes them weeks to build out the infrastructure that allows them to sell more hash capacity. Only one i trust besides Genesis. Looking forward for you to return the favour, thanks. I just did the same with your code for a ETH upgrade: Can you give everyone an update on your performance with Genesis Cloud Mining.

I would like to hear how your doing now that 6 months has past since you initially wrote the article. Is it still profitable? Here is my last update: Genesis Mining 10 gh s bitcoin miner test speed 7: There was a week where Genesis Mining postponed payments due to an intrusion by a hacker. Payouts have resumed and from what I am seeing, the Genesis Mining payouts are catching up. Just based on my payouts, I can imagine Genesis 10 gh s bitcoin miner test speed daily payouts are in the millions of dollars.

If I were paying out that much, I would want to do a careful audit too before distributing the payouts. They ran out of X11 hash power to sell, but it should be available again in the near future. I have an Ether Mining contract s with Genesis, but do not think I will break even. This is why I do not recommend those contracts. I do not think that will happen. At my current rate of return, I will break even on those mining contracts well before the next BTC halving event.

Part of it has to do with the difficulty level. The difficulty level is a factor in determine how hard difficult it will be to come up with the next block in the block chain. That is my extremely basic understanding. Here is a website where you can see the "difficulty level" for different crypto-coins: Thanks for the update. I still feel there is much opportunity to lose money if conditions are not favorable all the time.

Do you know what the time decay looks like on a 2 year contract. For 10 gh s bitcoin miner test speed, how much do daily payments drop on the last month of the 2 year contract vs the first month on the contract? I'm still trying to understand why cloud mining is not a gamble and a good way to lose money in uncertain market conditions.

Any additional insights by the Steem community would be very helpful for me to better understand how cloud mining works. I have added your promo code to my rotation list. My rotation list is getting rather long, it may be a bit of time before I get to your code. You should be getting a confirmation soon.

I purchased it with BTC so it may take a bit of time to clear. Looking forward to keep upgrading with you! Look for another upgrade by myself using your code in about a week. A bit late in posting this They will make current tech obsolete. Hey joshwaa i just used your code for a upgrade, mine is: AFcBhU Happy to keep exchanging and sharing codes: So if you use my code: Just let me know.

Genesis could be bogged down with orders. As of this time, I have not gotten an confirmation yet. Hopefully, they are just backlogged. I just started mining today, you are third in line on my list. I will be using your code pretty soon. You can use HashFlare to get a mining contract. Their mining contracts are by the way the cheapest around ; Heres the link: Please use my code XouixF as well.

I have added your code to my rotation list. I only 10 gh s bitcoin miner test speed my BTC mining contract. I am still debating whether to purchase more upgrades at this time or wait. My rotation list has 29 codes in it. It may be some time before I get to your code. It all depends on the availability of BTC contracts from Genesis.

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When buying a Bitcoin cloud mining contract on websites like HashFlare, some contracts will have a daily maintenance fee. This means for every day you have the contract, you'll be charged this fee before you get any of your mining profits, similar to paying for electricity if you own a miner yourself.

This guide will go through how these maintenance fees work for HashFlare, how much they are, and how they compare with competitors like Genesis Mining. We'll focus on Bitcoin fees in this guide, but on this page you can see them for other contracts like Ethereum and ZCash too.

When buying larger amounts, this fee can get quite large - and scary! An easier way to visualise this is that the daily fee is always the same percentage regardless of how much you buy.

The daily fee is a fixed amount in USD value. The coins you mine per day vary each day in both coin amount and USD value, so day-to-day the percentage this fee represents of your mined coins will vary by a few percent.

If Bitcoin's value goes up, it will be a lower percentage. HashFlare are able to change their daily fee at any point due to section 5 of their Terms of Service , although historically they've decreased it over time. There are two main places for viewing mined coins each day, the 'BTC Balance' section of the Dashboard, and the History page. On the Dashboard 'BTC Balance' section, a chart displays your daily balance on a line chart, and your daily mined coins in an overlayed bar chart.

This amount is deceptive. This is the amount of coins you mined before you've been charged your daily fee, so the amount added to your balance will be smaller than this.

To see the actual amount of Bitcoin you've received per day you need to go to the History page and scroll down to 'Log'. The amount under payout is the same as the value displayed on the Dashboard bar chart.

The maintenance amount is how much you've been charged that day. Both of these values take into account all active Bitcoin contracts you may have entries for each contract type, you'd have 1 of each if you just had Bitcoin contracts. At first, this looks to be very deceptive - where you need to do extra work to see how much you're actually earning, and we agree with this.

But on Genesis Mining's website, although any displayed values already take into account fees - from what we can see they don't make it clear how much their daily fees actually are. They don't seem to display them anywhere like HashFlare does. So although HashFlare's approach is deceptive - at least you can see this daily fee, and work out exactly what percentage you're being charged per day.

Well with the above said, viewing your daily coins mined and fees should be easy! What's more difficult is predicting your daily profit in the future. There are two main approaches; either you work this our yourself HashFlare posted a section under their FAQ explaining this well , or you can let us do it for you!

As well as posting these guides, we also develop tools for scenarios like this. One is a cloud mining calculator, which takes into account these daily fees and estimates future Bitcoin price and difficulty changes. Try it out here! This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors.

Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money. This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Don't rush into anything, do your own research.

As we write new content, we will update this disclaimer to encompass it. We first discovered Bitcoin in late , and wanted to get everyone around us involved. But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed! Click here for more information on these. All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice. Dec 28th, Mining When buying a Bitcoin cloud mining contract on websites like HashFlare, some contracts will have a daily maintenance fee.

How much is the HashFlare Maintenance Fee? How to predict daily profit? May 5th, What is the Antminer Z9 Mini? Written by the Anything Crypto team We first discovered Bitcoin in late , and wanted to get everyone around us involved. Never invest money you can't afford to lose.