Hey everyone, I made a bitcoin mining calculator that actually takes into account the real expenses and difficulty that other calculators tend to overlook. This one is all about figuring out if mining produces more bitcoin than what it costs to purchase and maintain the setup.
It's strictly focused on profitability, leaving out the upsides like network security and staying away from KYC.
The About section explains in detail how different variables impact the ROI for miners.
Would love to hear your thoughts on it.
A New Bitcoin Mining Profitability Calculator
8 replies 53 views
diamond_atlasSenior Member
Posts: 408 · Reputation: 1359
#2May 23, 2018, 04:41 PM
I think if you'd used a more generic name you would be more likely to get people to click on your link.
As it stands it just looks like the sort of link that would give windows users a coronary just thinking about.
Site looks ok though. Might want to add a free letsencrypt cert to allay some web browsers paranoia about non ssl sites.
I wanted to give it an interesting name to get people to click, you may be right though.
I'll look into letsencrypt or maybe my provider has an SSL option I can turn on.
Thanks for checking it out!
So according to this, the compass mining 6x s19xp bundle deal they have right now will have a 13 month turn off time
I'm not sure what values you used, but a 13 month shutoff time seems unlikely unless you entered electricity at .65 rather than .065
To make things easy, I used the value of one miner at $13,250, coming online in December 2022, which is about the mid-point of the 6 miners.
Done that way, it never shuts off, but it never breaks even in BTC terms. After 42 months it is at -45% ROI.
be4r_prot0Member
Posts: 1 · Reputation: 130
#6May 24, 2018, 07:39 AM
Indeed an interesting name, as far as SSL is concerned, you may simply use Cloudflare free account to get a free SSL and basic DDOS attack prevention.
related thread https://bitcointalk.org/index.php?topic=5374420.0
Hey! If you're still reading this thread I found a name you might like, "bitcalc.net" is not taken if you desired it, it gets the point across, and its short, and easy to remember.
I still have https://smokinghopium.io running. It now has a graph to show the monthly net mining results.
I have also included the average transaction fees received to select from.
This is the most complete calculator you can get without using a crystal ball.
https://smokinghopium.io
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