Post
Topic
Board Hardware
Re: MinerTechnologies.com - 3 TH/S and 200MH/S ASM1 for sell / Cloud contracts.
by
jonnybravo0311
on 11/06/2014, 17:30:42 UTC
Since when does difficulty stay still?  I actually anticipate a massive spike once Asicminer puts their 15 PH on the network.

You're using the wrong calculators dude, no way you'll mine 15.622 BTC under any conditions.
Um... simple math:
Difficulty * 2**32 / hashrate / 86400 = number of days to find a block.
25 / number of days to find a block = expected earnings per day.
Expected earnings per day * 365 = total BTC earned over a year.
Code:
11756551917 * 2**32 / 1000000000000 / 86400 = 584.42136571
25 / 584.42136571 = .04277735
.04277735 * 365 = 15.6137344
So, yes, assuming static difficulty, you will indeed earn that amount.  If you anticipate a 10% increase in difficulty, then you repeat that formula 26 times (assuming a 2 week difficulty change - this one I'll give you is variant because of reliance upon 2016 blocks, rather than actual time).

You always calculate with BTC invest in, never fiat.

If you invested 4 BTC, you ROI by making back 4 BTC plus, not what 4 BTC's fiat amount was worth when you invested.

That's like saying I paid 4 gold bars for this house, but the house tripled in value, so the 1.33 gold bars I made back is A-OK.  Uh, no it's not, you just lost nearly 3 gold bars.

Your example is wrong.  You're converting gold bars into a house.  The example would be better had you said, "I gave a guy 4 gold bars hoping that after a year he would return me more than 4 bars."