Bitcoin Eval - Bitcoin Profitability Calculator and Mining ...

Need expert opinion from expert miners

Very newbie but learning from reading and youtube and reddit.
Myself and my friend considering doing mining in Western Canada. I just checked my electric bill where I get charge 0.0849000 /kWh.
So question is at this time of stage where Bitcoin hit quite high and also other currencies are going up as well is it still good choice to do mining?
If yes, what kind of hardware do you suggest and what should we mine. For short and long term? What we are expecting in term of revenue?
I heard some S9 miners is good option but pre order has delay but if buy over ebay will cost double. I see some say pay high and start mining but if ore order and order 2 i stead one to get asap will that be a good choise?
Or should build one ourself?
Any guidance will be appreciated
Thank you
submitted by Seithji to BitcoinMining [link] [comments]

I want to know how I can calculate the profit of bitcoin mining in bitcoins. I am interested in the formula that is used by calculators. For example lets say I have 700mh/s hashrate, current difficulty is 908350862,437. The calculator says I will mine 0.00038755 BTC per day. What algorithm is used to calculate these figures? 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. terahash to bitcoin calculator - *Please note that values are only estimations based on past performance - real values can be lower or higher. Exchange rate of 1 BTC = 11579.03 USD was used. - Satoshi to BTC Conversion Table. Mostly units of Bitcoin are expressed in decimal exponents such as BTC (Bitcoin), dBTC (deciBitcoin or 0.10000000 BTC), cBTC (centiBitcoin or 0.01000000 BTC), mBTC ... The Terracoin mining profitability results and mining rewards were calculated using the best TRC mining calculator with the following inputs. A TRC mining difficulty of 24,883,130,456.42, a TRC mining hashrate of 110.00 TH/s consuming 3,250 watts of power at $0.05 per kWh, and a block reward of 4.50 TRC at $0.0000 (TRC to USD). Profit Calculator BitCoin Mining Hardware Specs. Expected revenues are estimates based on the difficulty of 19298087186262 and exchange rate of $10,893.37 USD/BTC. Other costs and expenses (i.e. hardware, power, maintenance, housing, cooling) are not considered in these calculations. ...

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