Is bitcoin mining profitable 2013 tx680
However, pay attention to advances in mining technology and efficiency to get a better idea of how the hash rate and difficulty may look down the line. Be prepared for price movements and understand that the Bitcoin price is a factor that you cannot control. The Bitcoin block reward is at least one factor that is predictable. Every 4 years, the amount of bitcoins rewarded in each block is cut in half. The reward started at 50 bitcoins per block, and is now 25 bitcoins per block.
In July , this reward will fall to just Miners can, however, see similar incomes after a reward halving if the fiat price of Bitcoin doubles. I update the calculator on 2 weeks basis. Dude, I am normal human beings, not a robot. I like cycling, swimming, beer etc. Just let you know I use data from my own genesis-mining. So it is real, honest and nearly up to date: The profit and the return and the costs are in a good relationship.
Moreover, the payment works without problem. Ich kann nur gutes zu Genesis Mining sagen. Hi , I just bought 38 th , it appr. Do you know the reason? Had one issue with a payment not being processed and customer service resolved this immediatly. A tip I would give is to stick to one mining contract and upgrade every now and then so the difficulty increase wont be noticeable.
This is better than having more than one contract and having it pay less and less each time with difficulty increase. Also use crypto to pay instead of credit card, this way there is no 30 day payout hold.
Im leaving this review not as a slant on this site but to let you know that the calculator may need updating, Ive got Hey, In my experience, the Genesis Mining Pool is the best player.
How the code works? You are right you changed it is good ……. I am Do rip off!!! And in addition I used your code …. What is your position and what gesture are you ready to make to correct? BTC value changes every day as does the difficulty etc so this is only ever a guide — and it says that so use it as such.
I think this is a great resource to use if you use it with a pinch of salt as they say — its not financial advice. So if i invest on genesis mining how much i will get every month and will there be any chance of my account and hash to be terminated next year if maintenance fees and electricity fees exceeds my daily profit? Hi Selim, slider and calculator has been just updated with the most actual data. Thank you for using my calculator!
Thanx for the update. Do you or do I have to allocate my miners on genesis so I can get more profit? If so, which one is better? This is partly the reason why it is a secure way to do transactions.
This is definitively what you mining looking for: This bitcoin the best difficulty predictor I difficulty The difficulty is adjusted every tx based on the time it took to find the previous blocks. There is only a single version of the spreadsheet, viewable and editable by all — and every edit be attributed to the person making it.
The network difficulty is how you adjust mining 1, bitcoin so that the figure stays consistent as the network's tx hash power 1, changes. Sure, it require some changes, but this is difficulty case for anything revolutionary. Bitcoin Difficulty Prediction for It uses a modified Taylor series for the logarithm you can see tutorials on flipcode and wikipedia and relies on logs to transform the difficulty calculation:.
To see the math to go from the normal difficulty calculations which require large big ints bigger than the space in any normal integer to the calculation above, here's some python:. Current difficulty , as output by Bitcoin's getDifficulty. There is no minimum target. The maximum difficulty is roughly: The difficulty is adjusted every blocks based on the time it took to find the previous blocks. At the desired rate of one block each 10 minutes, blocks would take exactly two weeks to find.
If the previous blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. Optimized versions of both should run equally. If you find a case where this is not true, that is indicative of a driver bug. Nvidia keeps claiming they produce a product for GPGPU compute, yet they keep failing on integer performance. Bitcoin is not the only use of integers out there, and its not even limited to crypto research either.
There is zero reason for Nvidia to have made this fundamental mistake generation after generation. I repeatedly tried to reach out to that company, and I never got a response. This type of thing is something I could see a large company looking at as just a fraction of a fraction of their business, in other words, easy to ignore. See my response here: Thanks for dropping by. I think the bigger problem for anyone considering doing some BTC mining is the current price volatility.
Making your money back on any investment is an open question. Do you agree that the problem is likely related to Int32 instruction rates per SMX? What also gives Radeons the leg up is they can do certain things SHA requires that would normally take cycles in a single cycle, such as bitselect takes a single cycle as does rotate, Nvidia seems to be slower at these than simple integer ops add, xor, etc.
Nvidia needs to focus on code like this: If they did this, they could possibly give current generation ASIC miners a run for their money. They just have to email me. And projects like this one: Let me ask you this: I will agree with you that BFL does not look like a reliable vendor, however.
As for NV fixes: This is purely a hardware problem, Nvidia is going to have to fix this themselves, and I wish they would. People who actually like getting things done every day have learned to ignore it, but most people still listen to it.
So is there any company selling ASIC miners directly to customers at this point? Meaning — not pre-orders. Difficulty is already reaching a very high point and makes most Gpu miner setups obsolete. Those who want to mine will have to get some Asic device just keep up, and new launching terahash miners will definitely not aid the issue.
In the very long run, the benefit of using BTC was supposed to be transfer fees, not actual mining. But the long-term profitability depends on the price of BTC. At least, in the short-term. Would you mind dropping me an email? My address is listed above if you click on my name at the top of an article. The prices there make Butterfly Labs published rates look insane.
Of course, people obviously trust Asicminer to deliver a lot more than they trust BFL.