What Can You Currently Earn Mining Bitcoins

29 Apr
2015

bitcoin-hashrate-and-difficulty

Up until November last year we’ve been seeing a more serious growth in the Bitcoin network, much faster faster at the beginning of the year, but since then the increase of the network difficulty has been slower and in the last two months you can say things were pretty stable. There are number of reasons for the steadier pace with the stable and considered a low price of Bitcoin by many lately, but with many other reasons also influencing this outcome. While the network hashrate hasn’t been jumping a lot lately and the price of BTC remaining relatively stable in over $200 and less than $300 USD for quite a while, the number of network transactions has been increasing steadily. But what can you expect to be able to mine in terms of Bitcoins if you are currently mining, this is what we are going to be taking a look at. The calculations below are made using an exchange rate of $227.5 USD per 1 BTC, so the may vary a bit with the change of that rate. Do note that the numbers are representing what you are going to mine with the current BTC network difficulty of 47,610,564,513 if that difficulty remains stable for the mentioned period. To get to know what will be the actual profit you will get you need to also calculate the power costs of your mining hardware (or maintenance fee for cloud mining contracts) and subtract it from the respective expected earnings.

10 GHS SHA-256 Hashrate:
– Daily Earnings: $0.02403 USD (0.00010560 BTC)
– Weekly Earnings: $0.1682 USD (0.00073940 BTC)
– Monthly Earnings: $0.7209 USD (0.00316900 BTC)

100 GHS SHA-256 Hashrate:
– Daily Earnings: $0.2403 USD (0.00105600 BTC)
– Weekly Earnings: $1.682 USD (0.00739400 BTC)
– Monthly Earnings: $7.209 USD (0.03169000 BTC)

500 GHS SHA-256 Hashrate:
– Daily Earnings: $1.202 USD (0.00528200 BTC)
– Weekly Earnings: $8.411 USD (0.03697000 BTC)
– Monthly Earnings: $36.05 USD (0.15840000 BTC)

1000 GHS SHA-256 Hashrate:
– Daily Earnings: $2.403 USD (0.01056000 BTC)
– Weekly Earnings: $16.82 USD (0.07394000 BTC)
– Monthly Earnings: $72.09 USD (0.31690000 BTC)

5000 GHS SHA-256 Hashrate:
– Daily Earnings: $12.02 USD (0.05282000 BTC)
– Weekly Earnings: $84.11 USD (0.36970000 BTC)
– Monthly Earnings: $360.5 USD (1.58400000 BTC)

10000 GHS SHA-256 Hashrate:
– Daily Earnings: $24.03 USD (0.10560000 BTC)
– Weekly Earnings: $168.2 USD (0.73940000 BTC)
– Monthly Earnings: $720.9 USD (3.16900000 BTC)

Looking at these number of expected mined coins and their value in USD and taking into account that you need to subtract any power costs or maintenance fees from them to see what the final actual profit will be it seems to be pretty unreasonable to actually have less than 500-1000 GHS of hashrate. That is of course unless you just want to get a bit of hashrate to test a cloud mining service or play with a small and cheap Bitcoin ASIC just for fun and not to actually make some profit. Do note that the numbers above represent the current exchange rate of BTC, so they are good for a mine now and sell immediately type of mining. If you mine coins now and keep them to sell in the future hoping for a significant increase in the value of Bitcoin, then you might end up with higher profit, but then the risk is also higher.



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