aicryptolearn.com

Crypto Calculator

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Investment Result

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Total Investment Amount ℹ️ : $0 Total Exit Amount ℹ️ : $0

HOW TO USE THE BITCOIN PROFIT CALCULATOR ?

 

Steps to Use the Cryptocurrency Investment Calculator:

1. Coin Selection

  • Choose the specific cryptocurrency you want to invest from the dropdown list.

2. Investment Amount  

  • Add the amount of money you planned to invest.

3. Buy Price  

  • Add the price per coin you’re buying cryptocurrencies.

4. Sell Price  

  • If you plan on selling, add expected or actual selling price per coin.

5. Enter Investment Fee (if applicable)  

  • Extra Charges you pay when investing.

6. Enter Exit Fee (if applicable)  

  • Charges deducted when you exit your investment.

7. Resulting Investment View  

  • The total investment amount, total exit amount, and possible profit or loss will be shown by the calculator.

Bitcoin Mining: the calculator miners have developed for miners.

  • The Bitcoin mining profit calculator has the most current user interface that allows an easy adjustment of the Bitcoin mining hashrate values or selection of the ASIC Bitcoin miners to quickly compute the profit gained from mining Bitcoin.
  • The ongoing surface changes in information are those mining block data which apply as the default input constructions into the BTC mining calculator in association with the highest hashrate and wattage specifications from the best used ASIC Bitcoin miner.
  • Now you can calculate your BTC mining profits from these data on this backend hashrate calculator – which provides summarized and strategic profitability insights into the miner’s condition regarding decisions into Bitcoin mining.
  • In addition to Bitcoin mining profitability, this page frequently updates the top 5 ASIC Bitcoin miners. A Bitcoin miner can be called a Bitcoin mining rig, or a Bitcoin mining hardware device, or a Bitcoin mining machine, but for us, they are simply called miners, or more specifically, Bitcoin miners.
  • Each input from the BTC mining calculator has been preloaded with the best hashrate and energy consumption models in watts for Bitcoin mining hardware, average electricity costs, current Bitcoin price, Bitcoin block reward, and Bitcoin difficulty.
  • So use these inputs to estimate your Bitcoin mining profitability, as well as the possible reward, starting with the above inputs in the Bitcoin mining hashrate calculator, mining hardware, mining costs, and mining reward.

How Bitcoin Mining Works?

  • Bitcoin mining is the means by which transactions are secured and validated on the Bitcoin blockchain.
  • In order to actually work and validate the transactions, Bitcoin miners are in constant competition to find a solution to the next Bitcoin block.
  • In so doing, they exert enormous computing effort, which is measured in terms of Bitcoin hashrate.
  • Bitcoin hashrate defines the number of potential solutions (hashes) generated in one second. As of January 2020, Bitcoin hashrate peaked at 131 EH/s.
  • Bitcoin mining brings into existence new Bitcoins.
  • When a Bitcoin miner solves the hash for the next Bitcoin block, that miner receives the reward in Bitcoin.
  • Currently, 3.13 Bitcoins are released once a block is solved.

Bitcoin Mining Guide

  • Now, what you would need to get started mining Bitcoins is cheap electricity, a lot of it; an internet connection; and at least one piece of Bitcoin mining hardware-an ASIC Bitcoin miner.
  • Back in the day and I mean really early years (2009 to 2011) you could mine Bitcoin using any CPU as an engine to mine and after that mining software such as all other contents used to take the CPU computations to allow for the usage of a GPU. Then came the FPGAs, and finally in 2013 were invented the first ASIC Bitcoin mining devices.
  • Currently, mining Bitcoin is always done using an ASIC Bitcoin miner because mining with CPU, GPU, or FPGA is no longer profitable.
  • That said, most ASIC miners need 220 volts or more and at least 20 AMPs. It is possible to check the specifications of the Bitcoin miner to see the power requirements.
  • Now you need to check what wattage you will have available at the place where you will be mining.
  • If 220 volts and 200 AMPs are supplied to you, then the total power capacity calculated will be 200 AMPs * 220 volts = 44,000 watts.
  • Now, that would give you 33,000 or usable watts.
  • Most people would probably have a rough idea regarding what this power capacity means-more is better-since, there’s no contest, you can then calculate how many miners can be run in the place. For example, in this case, somewhere around 11 Bitmain Antminer S17+ at 2,920 watts apiece.
  • After getting the mining hardware, the last thing to do is configure your individual miner.
  • This would usually mean setting the Bitcoin mining pool, username, and password.
  • Most of the manufacturers of Bitcoin mining devices provide a guideline on how to configure the Bitcoin mining hardware.