Post
Topic
Board Mining
Re: Help with mining profitability calculations!!
by
MiningMike
on 11/12/2024, 01:34:20 UTC
Your calculations are a solid start, but there are a few things that might affect your profitability. Mining pools usually charge fees (1-2%), which reduce earnings, and network difficulty increases over time, so the 0.01 BTC/day estimate might drop. Don't forget about maintenance costs or potential downtime either, as they can impact your profits.

I've been using ASICprofit to get a clearer picture of mining profitability. It accounts for difficulty adjustments and hidden costs, making it easier to plan ROI accurately. You can also try tools like Whattomine or Minerstat for real-time updates and comparisons.

Double check all your inputs and factor in every cost to make sure the numbers hold up. Good luck!

I am also using asicprofit.com and it's been one of the better tools for tracking mining profitability. It's straightforward and factors in things like difficulty adjustments and hidden costs which really helped me avoid overestimating my earnings. Whattomine is another great option–it shows real-time profitability across different coins.

One thing I'd ask is how often you plan to review your setup? Staying updated on network trends and adjusting your strategy can make a huge difference.