Next, you need to enter the amount of power (in terms of Watts) that your mining device consumes.Īfter that, the price of the power is considered - the price at which you get electricity. Hash Rate is usually measured in GH/s (GigaHashes per Second). Here’s a look at how our mining calculator works:īasically, you first need to consider the Hash Rate of your miner - the higher the hash rate, the faster it can mine for Bitcoins. Takes the input value of your mining hardware feeds it into the Bitcoin Mining Algorithm does the calculation and predicts the profit/revenue or you can no of bitcoin generated and profitability of the same This Bitcoin mining calculator will help you predict the amount of profit that you will be making based on the various factors that influence the mining operation. (See, for example, the Ethereum return calculator and Litecoin return calculator.How does Bitcoin (BTC) Mining Calculator Works?
Cryptocurrencies, as an asset class, have demonstrated more volatility than any of the other investments we've featured on this site in calculator format. The bitcoin return results quoted should in no way be taken as advice on whether to invest in bitcoin or other cryptocurrencies. However, this tool is for informational or research purposes only. We believe the trends are correct for the tool, and it's a reasonably good guess at how a typical bitcoin investor would have performed between two dates. Also, bitcoin can be extremely volatile intraday note that the prices internal to our tool may be 10% – or more – different than the prices paid by some market participants in the same 24-hour period. On top of reporting differences, different exchanges may have different bitcoin prices for each date. Bitcoin closing prices are as reported by an exchange. Note that bitcoin markets don't "close" in the sense that a stock market might. In practice, this means the recent data all comes from BitFinex. If there is both Bitcoinity Data and BitFinex data, the BitFinex data takes precedence.
For the three gaps in the dataset – -, -, and - – we interpolated the available data to backfill bitcoin prices on those dates. Wherever the Bitcoinity data includes multiple exchanges, we used the average daily bitcoin price on all exchanges. The bitcoin return calculator uses data from BitFinex and Bitcoinity. Sources and Methodology for the Bitcoin Price Return Calculator CPI Adjusted? Flags a CPI adjustment on the return and investment fields.Ending Value ($): The terminal value of the bitcoin investment on the 'Ending Date'.Annualized Return (%): Unlike total return, the return of the bitcoin investment when normalized to provide annual results.Total Return (%): The total return of the bitcoin investment if purchased on the 'Starting Date' and sold on the 'Ending Date'.For dates between readings, we use interpolation. For dates later than the last print, we use linear extrapolation to estimate inflation. Adjust for Inflation (CPI): If checked, the return percentages and terminal value of the investment are CPI-U adjusted to account for inflation.Ending Date: The date bitcoins are sold, or a date to estimate the bitcoin holding value.Starting Date: The date the bitcoins were first purchased.Starting Investment ($): The dollar amount invested in bitcoin on the 'Starting Date'.There are only a few options when using the bitcoin return calculator, but any small adjustments can have major effects on your results. 4 Bitcoin as a Speculative Investment Using the Bitcoin Price Return Calculator
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