Mining Benchmark - Hardware - Gpu / Asics Profitability ...

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]

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Does bitcoin hash rate Matter? Crypto Marketer Answers

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: https... This video is unavailable. Watch Queue Queue. Watch Queue Queue Bitcoin's halving (block reward) is fast approaching, and we examine the recently increases hash rate metrics. Oobit Releases A Coinbase-Powered “Skyscanner” For Bitcoin. Singapore-based Oobit ... Two Gigabyte R9 280X cards, 1.2m/hash, any suggestions how to improve the hash rate numbers? i was able to get 1.4m/hash with these settings -I 13 -g 2 -v 2 -w 256 --lookup-gap 2 --temp-cutoff 95 ... Bitcoin is at some very important levels on moving averages as btc hash rate hits all time high. Also my 2020 Bitcoin price prediction. Bitcoin Bitmex price prediction -0 https://www.newsbtc.com ...

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