Hey guys, does anyone know how to calculate raven mining profitability based on block time, block reward, difficulty, and hashrate without whattomine or any other calculators?
I tried this one that I found online, but apparently, it does not match. (block reward * 24.0 * 3600.0 /(difficulty * 232 / hashrate))*exchange rate
Any help will be much appreciated.
I never use difficulty equations or whatever. The way I quickly do profitability calculation for a given time t (completely random numbers, can be applied to any coin, replace with correct values):
Get the blocktime: i.e. 60 seconds
Get the blockreward: i.e 10 coins per block
That means you get 10*60 = 600 coins generated per hour, *24 = 14'400 coins a day
Get the Nethash : i.e. 10Gh/s
Estimate your total hashrate: i.e. 0.01Gh/s
You make up for 0.01/10 = 0.001 or 0.1% of the nethash
As such you can estimate to win 0.001*14'400 = 14.4 coins a day.