Post
Topic
Board Pools
Re: Basic Mining Reward Question
by
BitMaxz
on 07/08/2023, 12:28:17 UTC
So to confirm these calculators assume you are running in a pool? But in this case the calculators must assume that the pool will win a certain percentage of the block rewards right? How would they even begin to guess what that percentage would be?

There is no win percentage it depends on luck and difficulty and the calculators only calculate your daily Bitcoin earnings whether you win or not.

There is a formula that you can use to manually calculate your Bitcoin earnings.
Check this formula below.




Code:
H = Hashrate (hashes / second)
D = Difficulty (Reference for values below)
B = Reward per Block (Reference for value below)
N = Number of days per month (default = 30)
S = Number of seconds per day (S = 60 * 60 * 24 = 86400)

You can exclude N if you only want to calculate daily total earnings.

Source: https://bitcoin.stackexchange.com/questions/18629/what-is-the-algorithm-to-create-a-bitcoin-mining-calculator