Bitcoin Advanced Mining Revenue Calculator

When we were revising the Mining APP 2.0, we also added an advanced Bitcoin calculator. The advanced calculator can set multiple parameters, such as difficulty increase, mining time, etc. It takes into account the halving of Bitcoin rewards, mining pool fees, etc., making the revenue data more worthy of reference.

Since the advanced calculator is more complicated, this article introduces the use of the advanced calculator in detail.

Open Advanced Calculator and you will see the following interface.

There are various parameter settings here.

Currency Price

58779.15 (Today's big waterfall is terrible!), the currency price uses the current currency price by default. You can make a rough estimate of the future currency price yourself. If you are a currency standard, you can ignore it.

Unit output

You can only view it but not modify it, and there is no need to modify it.

Mining machine selection

You can select a Bitcoin mining machine from here, as shown below:

Select a mining machine, and the following mining machine computing power, mining machine power consumption and mining machine price will be automatically filled in

Number of mining machines

It's very simple. You need to calculate how many machines

Mining machine computing power

The computing power of all mining machines

Mining machine power consumption

Power consumption of all mining machines

Electricity price cost

How much is the electricity cost per kilowatt hour?

Mining machine cost

The total cost of all mining machines, which can also include other costs

Difficulty Increase

The difficulty of each difficulty adjustment cycle (2016 blocks) increases by a percentage compared to the previous period. Here you need to estimate the difficulty increase ratio you think. The default is 5% now. According to the predictions of the big guys, the total computing power of the entire network may reach 120EH by the end of the year, and the average increase of 5% is about the same.

You can click on the historical difficulty at the back to view the average difficulty increase over the past 3 months, 6 months, and year .

Profit ratio

It is the proportion of block revenue. The default value is 100%. 100% means that it is distributed according to block rewards, without considering the distribution of miners' fees. At present, most mining pools are in FPPS mode, which will also distribute miners' fees, so it is greater than 100%. For example, if a mining pool has a 104% revenue, you can fill in 104

Mining start time

The start time cannot be earlier than the current time, the default is the current time

Mining end time

When will mining end? The default is one year later.

After setting the parameters, click the Calculate button to start calculating the profit. The calculation results are as follows:

Let’s take the above picture as an example to explain.

Mining income chart

First, a mining income chart will be shown. The main data of the chart are

Total profit is the sum of profits, the accumulation of previous profits

The electricity bill for the day is the same because the power consumption does not change, so the electricity bill is the same every day , so it will be a horizontal line.

The output coins of the day are converted into legal currency value. The same difficulty cycle is the same, so the figure shows a step-by-step decline.

Cost line cost marker

The chart shows the payback date, shutdown date, and Bitcoin halving date.

Breakeven: When the cost line intersects the total profit line, it means that the investment has been recovered, and all the profits after that are earned

Shutdown: When the daily income and the daily electricity fee intersect, that is, the income is not enough to pay the electricity fee, it means that the machine can be shut down. There will be no profit afterwards.

Halving: If a Bitcoin halving occurs during the mining cycle, the figure will show the estimated time of the Bitcoin halving. You can see that when Bitcoin halves, the daily revenue waterfall drops.

Revenue data

The specific revenue data is shown below the chart. We will focus on explaining a few of the data.

Return on Investment

Total profit/total cost*100. If the rate of return is greater than 100%, it means that the investment has been recovered and profit has been made. If it is less than 100%, the investment has not been recovered.

Mining days

How many days can you mine within the selected mining cycle, for example: 222 / 366 days, which means you can mine 222 days out of the total mining time of 366 days. At 222 days, the electricity bill is not enough and the machine will be shut down.

Cut-off difficulty, cut-off computing power

The difficulty and hashrate at the time of mining (downtime or reaching the mining end date).

Everyone knows that even the most advanced calculators cannot accurately calculate the income. We just hope to make the income data more meaningful and valuable. We will continue to improve the income calculator in terms of function and experience.

Click the link below to go directly to the advanced calculator of Wabi.com:

http://m.wabi.com/api/advanced-calculator  

There will be a direct entrance to the advanced calculator in the Mining APP 2.3.0:

Direct link to download the Wabi.com APP: http://m.wabi.com/appdownload