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I am interested in the revenue calculation of mining process. From a few references like this I found a equation that people say it's correct.
Unfortunatelly it differs to the results which are calculated by public available calculators like this.
with a hashing power of 13.5 TH/s the referenced calculator and others resulting in 0.001304 BTC per day. The equation in the other thread results in 0.002134 BTC per day.
H = 13500 GH/s * 10^9 = 13,500,000,000,000
B = 12.5
D = 1,590,896,927,258
(86400 * 13,500,000,000,000 * 12.5) / (2^32 * 1,590,896,927,258) =
0.002134 BTC/d
Could anybody please help me to understand whats the right way to calculate an approx. revenue?
Thanks in advance
Your equation matches my understanding of what is correct. At the bottom of the Cryptocompare page is a note that "Mining metrics are calculated based on a network hash rate of 18,633,837,452 GH/s". Multiplying by 600 and dividing by 2^32, this would correspond to a difficulty of 2.6e12 rather than your 1.6e12 which is in fact the current figure. Perhaps this represents some estimate of future difficulty? – Nate Eldredge – 2018-01-30T13:36:44.280
yes. looks like thats the point. thank you very much. that means I have to calculate the network hash rate all the time to use the same equation. – craver – 2018-01-30T15:14:02.027