[Decryption] Calculation method of mining income

Mining revenue has always been the most core indicator of mining.

How to evaluate the daily income of mining a certain coin with a mining machine? What are the factors that affect mining income? There are numerous income calculators and mining income prediction tools for various coins on the market. What methods do these tools use to estimate the daily mining income?

The author takes BTC and ETH, two typical crypto assets, as examples to briefly introduce the calculation method of mining income.

Before calculating mining revenue, we must first understand several concepts: Difficulty, Hashrate, Block Reward, and 24h Estimated mining revenue.

The mining difficulty displayed by Bitcoin has undergone multiple transformations. To put it simply , under the mining difficulty corresponding to "1", about 2 ³² hash operations are required to theoretically obtain the random number required for a legal new block, which means that theoretically a legal new block can be mined .

Therefore, it can be inferred that when the mining difficulty is D, ( D× ²³² ) hash operations are required to mine a legal new block and obtain R BTC as a block reward. If the miner's computing power is H , then the ^time required for him to complete ( D× ²³² ) hash operations = (D×232)/H seconds.

Theoretically, the mining income per second of a miner = R÷ (D× 2 ³² )/H BTC. There are 24 hours in a day, and there are 24×60×60 seconds. The estimated mining income of BTC per day is:

The mining difficulty of ETH is relatively straightforward. It means that when the difficulty is D, theoretically D hash operations are required to obtain a legal new block.

Therefore, the estimated daily mining revenue of ETH is: