Bitcoin Price Chart History - CryptoCurrency Markets

SHA256 with ASIC compared to Scrypt with GPU

this is the very basic for latecomer always doesn't understand.
i keep seeing they insist on mining bitcoin with SHA256 ASIC, i know its fun, its fun to see you generate money out of thin air, but thats not how we do it today because SHA256 ASIC era are gone, its very expensive playing field right now, if you insist want to mine some bitcoin, you should start mining using GPU! why?
lets calculate profitability of your SHA256 ASIC, and lets make it really easy by assuming some factor :
now go here you will see you will get 1 BTC in about 75 days right now (see the 2nd column from the rightmost), this value is not correct since it does not account for difficulty increase within 75 days, bitcoin difficulty are increasing about 35% in 2 weeks, thats about 70% per month, you will see the correct calculation is here which you will never get 1BTC within a year, and after 6 months your ASIC doesn't generate bitcoin anymore
now lets compare it to GPU miner for Scrypt mining, which i use realistic assumption here
now go here, you will see that on the most profitable coin (first row) you will get 1 bitcoin for about 30 days (its 45 days faster than SHA256 ASIC), how about difficulty increase within these period, this factor is not as scary as bitcoin, lets see difficulty chart for LTC here, you will see that the diff is up and down, by calculating the data history for 1 year, you will get that LTC difficulty increase is about 3% per month on average (this is 25x smaller than bitcoin difficulty change rate), so coinwarz data is not too much way off here by not take into account of difficulty increase
TL;DR;
note: this calculation are made in worst case scenario for GPU compared to best case scenario for bitcoin ASIC
thats just prediction and calculation, things will go wrong right? lets see the report from my own GPU mining rigs here, see 2nd sheet (RIG1-Report), this is my earning report day to day in BTC (already running since december 2013), my rigs cost about 2000$ (this is 2nd hand 6x AMD 7970 for 4.2MH/s) and will ROI within 50 days from start if my calculation are correct
submitted by uraymeiviar to BitcoinMining [link] [comments]

What does Bitcoin hash rate mean?  Ask Luno Best Bitcoin (BTC) Indicators To Use On Tradingview! - YouTube Does bitcoin hash rate Matter? Crypto Marketer Answers Bitcoin: Hash rate and price analysis Bitcoin Hash Rates

R9 280X : 280 Hash/s: Equihash: 140: 1070 MHz: 1700 MHz: Asus: AMD: Asus R9 280X Hashrate : P106-100 6GB Mining Only: 24.5 MHash/s: Ethereum: 100 +250 MHz +1300 MHz: Colorful: Nvidia: Colorful P106-100 6GB Mining Only Hashrate : P106-100 6GB Mining Only: 301 Hash/s: Equihash: 100 +250 MHz +1300 MHz: Colorful: Nvidia: Colorful P106-100 6GB ... An easy to use crypto-currency finance utility used to calculate a Bitcoin Gold miner's potential profits in ETH and multiple fiat currencies. The calculator fetches price and network data from the internet and only requires the hash rate (speed of mining) from the user. A projected future profit chart is created dynamically and displayed instantly. Bitcoin Price Chart History provides the latest bitcoin price and cryptocurrency prices as well as information about ICOs and the latest ICOs available. You can also view mining equipment benchmarks. Get everything Cryptocurrency at Bitcoin Price Chart History. *Please note that values are only estimations based on past performance - real values can be lower or higher. Exchange rate of 1 BTC = 10588.37 USD was used. Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware.

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What does Bitcoin hash rate mean? Ask Luno

Bitcoin will be the new store of value and crypto will be the new technology evolution and I want to be a part of that trough this channel. I will be sharing my ideas about the future of Bitcoin ... Does Bitcoin's hashrate matter to the network's level of security and its price action on the market? Veteran crypto pro Yasha Harari answers the question. Question's source: Krown's Crypto Cave ... Last time bitcoin hash rate took a nosedive to a new low, bitcoin price turned bullish. This is what btc price charts tell us! #Bitcoin #btc Headlines: Over the years I've learned the best indicators to use on Tradingview based on my style of trading for Bitcoin. I like to use multiple indicators for confirm... Bitcoin: Hash rate and price analysis Benjamin Cowen. Loading... Unsubscribe from Benjamin Cowen? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 28.9K. ...

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