Formula to calculate bitcoin mining profitability litecoin difficulty
Correct me if I am wrong but what matters is the number of shares accepted right? Narrow topic of Bitcoin. Each found share has its difficulty. So just to clarify, you're doing 4 shares a minute on a litecoin pool? Multicurrency calculators: You can input parameters such as equipment cost, hash rate, power consumption, and the current bitcoin price, bitcoin to bank account us coinbase credit card purchase see how long it will take to pay back your investment. When I do paper wallet for litecoin trading bitcoin to eth low high math for BTC it works just right. Consider the following two cases, for example: If the site's scope is narrowed, what should the updated help centre text be? Any instability in the power supply could hit performance, or even cause a system crash that will lead to downtime, so do invest in a high-quality unit. LTC pools use variable difficulty! Note that, if you submit a diff share at worker difficulty, you get paid for a diff share. Sign up using Facebook. How do I calculate mining profit from shares in Litecoin? By joining a pool, you earn a share of the coins mined by all members of the pool and stand a trezor sent bitcoin to wrong address coinbase cheaps chance of solving a block. How do I start? The mining efficiency of different systems can be compared by taking the ratio of the number of hashes formula to calculate bitcoin mining profitability litecoin difficulty can perform in a second, divided by the power it consumes:. That refers to shares of a certain difficulty: Home Questions Tags Users Unanswered. Since computing hashes is 1, times slower for Litecoin mining, a difficulty of for Litecoin mining is more or less equivalent to a difficulty offor Bitcoin mining. You can make the edit and include it in your main answer if you want to, I would do it myself but I'm new here and I don't know if it's alright for me to do. In the former case, you would have to keep mining for longer to recoup your expenditure on equipment and electricity. Hopefully, this gives you an idea of the spread of results across these services, given the same data at the same time.
Your Answer
Aren't the mechanisms supposed to be very similar? If so, you need to know how to make the best use of your money and equipment. Obviously, the big money is going into costly bitcoin ASICs. Hidden costs There are costs involved with mining, of course, like the rig and the ongoing electricity costs for starters. That refers to shares of a certain difficulty: Doing the sums Profitability calculators For assistance with some of the calculations miners need to make, there are several websites that provide profitability calculators. Miners earn a share of the rewards if the difficulty level of the blocks they solve is greater than the level set by the pool operator. I notice that each share I submit has a corresponding difficult and cgminer even reports what was the highest difficult share I submitted. Stackexchange to questions applicable to….
That level is always somewhere between 1 and the difficulty level of the currency. Power up Z170a gaming pro carbon mining rig zcash gpu mining requires electricity — lots of electricity. Are you serious about mining cryptocurrencies? Which pool are you using? Which pool is it or at what difficulty are those shares? LTC pools use variable difficulty! Subscribe Here! While some people may use a standard PC case, many use unusual casings, such as beer crates, which allow for increased air flow around the components. Correct me if I am wrong but what matters is the number of shares accepted right?
Problems to be aware of
In the former case, you would have to keep mining for longer to recoup your expenditure on equipment and electricity. Litecoin difficulty is very low! If the price suddenly drops, you will be faced with the choice of either selling at a low price or hanging onto your coins until their value increases. Oh I got you, I had misunderstood your first message. That level is always somewhere between 1 and the difficulty level of the currency. The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes:. You can input parameters such as equipment cost, hash rate, power consumption, and the current bitcoin price, to see how long it will take to pay back your investment. By using our site, you acknowledge that you have read and understand our Cookie Policy , Privacy Policy , and our Terms of Service. Obviously, the big money is going into costly bitcoin ASICs. I can't find the "pool difficulty" on my pool's website, I even sent them an e-mail about this now. LTC pools use variable difficulty! Post as a guest Name.
The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes: There's clearly something wrong because I couldn't and I'm not! LTC pools use variable difficulty! Bitcoin Stack Exchange works best with JavaScript enabled. Even a standalone desktop fan can help to keep your kit cool. Unicorn Meta Zoo 3: By joining a pool, you earn a share of the coins mined by all members of the pool and stand a greater chance of solving a block. Which pool are you using? Sign up using Email and Password. Broadly speaking, there are two proof-of-work hashing algorithms current bitcoin block reward coinbase foreign transaction use today: Here are some ways to minimise downtime: If the site's scope is narrowed, what should the updated help centre text be? For Bitcoin mining, a diff 1 share lowest possible worker difficulty is found for every 2 32 hashes that are calculated. Which mining profitability calculator zcash mining rig 2019 is it or at what difficulty are those shares? There are costs involved with mining, of course, like the rig and the ongoing electricity costs for starters. Linked 1. For assistance with some of the calculations miners need to make, there are several websites that provide profitability calculators. What about the electricity of running any extra cooling system, such as fans or air conditioning? Furthermore, ASICs for scrypt have yet to take off, so the difficulty level of those amd hd 7950 ethereum hashrate bitcoin mining hardware online has not been pushed up as dramatically as has been the case with bitcoin. Ask Question. Each found share has its difficulty. Apparently, it keeps changing it all the time dynamically.
The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes:. If the site's scope is narrowed, what should the updated help centre text be? There's clearly something wrong because I couldn't and I'm not! Broadly speaking, there are two proof-of-work hashing algorithms in use today: PooledBits got back to me and now I've found where the difficulty for worker is, it was and cgminer reported it "setting pool difficulty to 6". Oh I got you, I had misunderstood your first message. As a result, it is important to start with the best equipment you can afford, in order to mine profitably over the longest period of time. How do I calculate mining profit from shares in Litecoin? For assistance with some of the calculations miners need to make, there are several websites that provide profitability calculators. As a test, we entered the specifications of two mining systems into the calculators. Litecoin difficulty formula to calculate bitcoin mining profitability litecoin difficulty very low! I notice that each share I submit has a corresponding difficult and cgminer even reports what was the highest difficult share I submitted. The right rig Depending on your budget and the type of currency you intend to mine, there are two ways to could xrp hit 100 mint coinbase ethereum when setting up your mining system:
Which pool is it or at what difficulty are those shares? However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA currencies. Mining efficiency decreases as temperature increases, so make sure your rig has adequate ventilation and cooling. Featured on Meta. However, some extras are less obvious: There are costs involved with mining, of course, like the rig and the ongoing electricity costs for starters. When I do this math for BTC it works just right. Power up Mining requires electricity — lots of electricity. For assistance with some of the calculations miners need to make, there are several websites that provide profitability calculators. Scrypt The scrypt algorithm favours greater amounts of RAM and parallel processing ability, which is why GPU-based rigs are still the way to go. Sign up using Facebook. If the price suddenly drops, you will be faced with the choice of either selling at a low price or hanging onto your coins until their value increases. By joining a pool, you earn a share of the coins mined by all members of the pool and stand a greater chance of solving a block. ASIC miners are usually more expensive than DIY rigs and are mostly produced in the USA, which means those of us in other parts of the world will have to spend a little extra to get them imported.
If the site's scope is narrowed, what should the updated help centre text be? Since computing hashes is 1, times slower for Litecoin mining, a pastebin bitcoin flippr ethereum invest or not of for Litecoin mining is more or less equivalent to a difficulty offor Bitcoin mining. Therefore, pools and mining clients implemented shares with worker difficulty lower than 1, e. Post as a guest Name. In order to avoid dealing with fractional difficulties I assumemining clients labelled diff 2 shares diff 1 shares, so actual diff 1 Litecoin shares become diff 65, shares. Bitcoin Stack Exchange works best with JavaScript enabled. There are costs involved with mining, of course, like the rig and the ongoing electricity costs for starters. Linked 1. Choose your currency The process of mining digital currencies involves solving complex cryptographic puzzles.
Power up Mining requires electricity — lots of electricity. How to Calculate Mining Profitability. Well now I've found that there is such a thing as a "pool difficulty". Stackexchange to questions applicable to…. As a result, it is important to start with the best equipment you can afford, in order to mine profitably over the longest period of time. Featured on Meta. Which pool are you using? Home Questions Tags Users Unanswered. For Bitcoin mining, a diff 1 share lowest possible worker difficulty is found for every 2 32 hashes that are calculated. Litecoin difficulty is very low! How do I start? With difficulty now at around , I should be getting a block every 53 minutes. Any instability in the power supply could hit performance, or even cause a system crash that will lead to downtime, so do invest in a high-quality unit. There are costs involved with mining, of course, like the rig and the ongoing electricity costs for starters. Miners earn a share of the rewards if the difficulty level of the blocks they solve is greater than the level set by the pool operator. How do we grade questions? The process of mining digital currencies involves solving complex cryptographic puzzles. Each found share has its difficulty.
Mining efficiency decreases as temperature increases, so make sure your rig has adequate ventilation and cooling. Miners earn a how is gdax bitcoin transaction fee zero pure coin cryptocurrency of the rewards if the difficulty level of the blocks they solve is greater than the level set by the pool operator. As a result, it is important to start with the best equipment you can afford, in order to mine profitably over the longest period of time. SHA and scrypt. If so, you need to know how to make the best use of your money and equipment. Right now I"m actually doing 14 shares a minute on Pooled Bits. Power up Mining requires electricity — lots of electricity. Sign up or log in Sign up using Google. Oh I got you, I had misunderstood your first message. If the site's scope is narrowed, what should the updated help centre text be?
Bitcoin Stack Exchange works best with JavaScript enabled. Mining efficiency decreases as temperature increases, so make sure your rig has adequate ventilation and cooling. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA currencies. Oh I got you, I had misunderstood your first message. Aren't the mechanisms supposed to be very similar? Any instability in the power supply could hit performance, or even cause a system crash that will lead to downtime, so do invest in a high-quality unit. Here are some ways to minimise downtime: Sign up using Facebook. That refers to shares of a certain difficulty: For Bitcoin mining, a diff 1 share lowest possible worker difficulty is found for every 2 32 hashes that are calculated.
Mining requires electricity — lots of electricity. Consider the following two cases, for example: Furthermore, ASICs for scrypt have yet to take off, so the difficulty level of those currencies has not been pushed up as dramatically as has been the case with bitcoin. How do I calculate mining profit from shares in Litecoin? Mining efficiency decreases as gdax litecoin chart litecoin scrypt pdf increases, so make sure your rig has adequate ventilation and cooling. Home Questions Tags Users Unanswered. Hopefully, this gives you an idea of the spread of results across these services, given the same data at the same time. Email Required, but never shown. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA currencies. How to Calculate Mining Profitability.
Consider the following two cases, for example: Hot Network Questions. Here are some ways to minimise downtime: As a result, it is important to start with the best equipment you can afford, in order to mine profitably over the longest period of time. Power up Mining requires electricity — lots of electricity. Furthermore, ASICs for scrypt have yet to take off, so the difficulty level of those currencies has not been pushed up as dramatically as has been the case with bitcoin. Problems to be aware of Spend to earn Inevitably, the difficulty level of all currencies increase with time — a fact that will reduce the chances of your equipment earning coins or mining shares. Dennis Dennis 5. Get the best power supply you can afford. Are you serious about mining cryptocurrencies?
Dennis Dennis 5. Any instability in the power supply could hit performance, or even cause a system crash that will lead to downtime, so do invest in a high-quality unit. How do we grade questions? Since computing hashes is 1, times slower for Litecoin mining, a difficulty of for Litecoin mining is more or less equivalent to a difficulty offor Bitcoin mining. The number of shares is irrelevant. The mining efficiency of different systems can be compared by taking the add bitcoin to usi tech wallet gemini exchange news about eth air drop of the number of hashes it can perform in a second, divided by the power it consumes: It should pay USD for every shares diff as I type. PooledBits got back to me and now I've found where the difficulty for worker is, it was and cgminer reported it "setting pool difficulty to 6". The right rig Depending on your budget and the type of currency you intend to mine, there are two ways to go when setting up your mining system:
That level is always somewhere between 1 and the difficulty level of the currency. In the former case, you would have to keep mining for longer to recoup your expenditure on equipment and electricity. Apparently, it keeps changing it all the time dynamically. Note that, if you submit a diff share at worker difficulty, you get paid for a diff share. The process of mining digital currencies involves solving complex cryptographic puzzles. How to Calculate Mining Profitability. If the site's scope is narrowed, what should the updated help centre text be? Where did you take this number from? Oh I got you, I had misunderstood your first message.
After the initial expense of your rig, the essential thing you need to know to calculate your ongoing profitability is the cost of your electricity. If the share's difficulty is equal to altcoin mining client best cloud mining 2019 ethereum higher than the worker's difficulty, it gets submitted by the worker and accepted by the pool. In the former case, you would have to keep mining for longer to recoup your expenditure formula to calculate bitcoin mining profitability litecoin difficulty equipment and electricity. Broadly speaking, there are two proof-of-work hashing algorithms in use today: Multicurrency calculators: For Bitcoin mining, a diff 1 share lowest possible worker difficulty is found for every 2 32 hashes that are calculated. Hopefully, this gives you an idea of the spread of results across these services, given the same data at the same time. Aren't the mechanisms supposed to be very similar? ASICs, on the other hand, can do far more calculations with far less power because they are highly specialised devices. Where did you take this number from? The mining efficiency of different get 20 xrp signing up gatehub ways to buy bitcoin coinbase can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes:. If the price suddenly drops, you will be faced with the choice of either selling at a low price or hanging onto your coins until their value increases. Well now I've found that there is such a thing as a "pool difficulty". Here are some ways to minimise downtime: Even a standalone desktop fan can help to keep your kit cool.
With difficulty now at around , I should be getting a block every 53 minutes. Hot Network Questions. By using our site, you acknowledge that you have read and understand our Cookie Policy , Privacy Policy , and our Terms of Service. The volatility of the currency being mined also affects your long-term profitability. How to Make a Paper Bitcoin Wallet. If the price suddenly drops, you will be faced with the choice of either selling at a low price or hanging onto your coins until their value increases. Since Litecoin's scrypt algorithm is about times slower than SHA, mining Litecoins would have a very high variance if the same metric of worker difficulty was being used. Depending on your budget and the type of currency you intend to mine, there are two ways to go when setting up your mining system:. Which pool is it or at what difficulty are those shares? Litecoin difficulty is very low! Even a standalone desktop fan can help to keep your kit cool. Obviously, the big money is going into costly bitcoin ASICs. For Bitcoin mining, a diff 1 share lowest possible worker difficulty is found for every 2 32 hashes that are calculated. Configure your mining computer to automatically start mining on start-up, so that if the system crashes and reboots, it will automatically start mining again. Doing the sums Profitability calculators For assistance with some of the calculations miners need to make, there are several websites that provide profitability calculators. Scrypt The scrypt algorithm favours greater amounts of RAM and parallel processing ability, which is why GPU-based rigs are still the way to go. In order to avoid dealing with fractional difficulties I assume , mining clients labelled diff 2 shares diff 1 shares, so actual diff 1 Litecoin shares become diff 65, shares. The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes:.
How do I start?
Email Required, but never shown. Where did you take this number from? PooledBits got back to me and now I've found where the difficulty for worker is, it was and cgminer reported it "setting pool difficulty to 6". Unicorn Meta Zoo 3: Consider the following two cases, for example: Choose your currency The process of mining digital currencies involves solving complex cryptographic puzzles. ASICs, on the other hand, can do far more calculations with far less power because they are highly specialised devices. Are you serious about mining cryptocurrencies? Right now I"m actually doing 14 shares a minute on Pooled Bits. Dennis Dennis 5. If the site's scope is narrowed, what should the updated help centre text be? While some people may use a standard PC case, many use unusual casings, such as beer crates, which allow for increased air flow around the components. SHA and scrypt. How to Make a Paper Bitcoin Wallet. Therefore, pools and mining clients implemented shares with worker difficulty lower than 1, e. As a result, it is important to start with the best equipment you can afford, in order to mine profitably over the longest period of time.
Email Required, but never shown. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA currencies. LTC pools use variable difficulty! You can make the edit and include it in your main answer if you want to, I would do it myself but I'm new here and I don't know if it's alright for me to do. By using our site, you acknowledge that you have read and understand our Cookie PolicyPrivacy Policyand our Terms of Service. Linked coinbase similar ethereum siacoin dual. If the site's scope is narrowed, what should the updated help centre text be? Litecoin difficulty is very low! How do I calculate mining profit from shares in Litecoin? What matters is the number of shares multiplied by the share difficulty. Hidden costs There are costs involved with mining, of course, like the rig and the litecoin vs ripple extreme coin bitcoin electricity costs for starters. When I do this math for BTC it works just right. As a test, we entered the specifications of two mining systems into the calculators. Subscribe Here!
That refers to shares of a certain difficulty: PooledBits got back to me and now I've found where the difficulty for worker is, it was and cgminer reported it "setting pool difficulty to 6". In the former case, you would have to keep mining for longer to recoup your expenditure on equipment and electricity. Dennis Dennis 5. The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes: It should pay USD for every shares diff as I type. I can't find the "pool difficulty" on my pool's website, I even sent them an e-mail about this now. Since computing hashes is 1, times slower for Litecoin mining, a difficulty of for Litecoin mining is more or less equivalent to a difficulty of , for Bitcoin mining. Where did you take this number from? The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes:.