Profitability Guide

Mining Profitability Guide

To calculate mining profitability, you should follow these steps, no matter which calculator you are using:

๐Ÿ”ธ๏ธBe sure you know your GPU models and the Hash rates.

๐Ÿ”ธ๏ธBe sure you know the algorithm of the coin.

๐Ÿ”ธ๏ธChoose the exchange you plan to use for selling coins. This is necessary if you want more precise results.

๐Ÿ”ธ๏ธBe sure you know your electricity cost.


You can find a list of calculators online that are used by miners, here:

https://bithouseco.home.blog/2021/09/12/mining-calculators/


๐Ÿ”น๏ธ Be sure to keep track of whatโ€™s happening in the cryptocurrency world, if you arenโ€™t doing so already. If a coin has problems, it will definitely affect the price and mining profitability, and may even prevent you from selling mined coins.

Made with ๐Ÿ’š by Free Spirit

โœŒ & ๐Ÿ’š

Mining Calculators

How to Calculate Mining Profitability: Top 6 Mining Calculators

Before we can even start mining, we should use one of the many profitability calculators online, that should give us beforehand a better understanding if the GPU, FPGA, ASIC we choose to mine with, will be profitable or not!


๐Ÿ”น๏ธ Online Calculators ๐Ÿ”น๏ธ


๐Ÿ”ธ๏ธ WhatToMine

๐Ÿ”ธ๏ธ Rubin Mining Calculator

๐Ÿ”ธ๏ธ CoinWarz

๐Ÿ”ธ๏ธ CryptoCompare

๐Ÿ”ธ๏ธ Minerstat

๐Ÿ”ธ๏ธ Crypto-Coinz

Before even entering sites to buy hardware, Do GOOD…

Do VERY GOOD your R&D

If you think reading is for dorks,nerds, geeks and boring people … Well…

WELCOME TO THE REALM OF THOSE WHO โค TO READ !!!


Made with ๐Ÿ’š by Free Spirit

โœŒ & ๐Ÿ’š




With ๐Ÿ’š

Bitmain Antminer S19 Pro

Modelย Antminer S19PRO 110Th fromย Bitmainย miningย SHA-256 algorithmย with a maximum hashrate of 110 Th/sย for a power consumption ofย 3250W.
๐Ÿ”น๏ธ Specifications


Manufacturer:Bitmain

Model:Antminer S19Pro(110Th)

Release:May 2020

Size:195 x 290 x 370mm

Weight:13,200g

Noise level:75db

Fan(s):4

Power3250W

Voltage:12V

Interface:Ethernet

Temperature:5 - 40 ยฐC

Humidity:5 - 95 %
๐Ÿ”น๏ธ Minable coins :

Acoin (ACOIN) : SHA-256
Price : $0.01175

Curecoin (CURE): SHA-256
Price : $0.07039

JouleCoin (XJO):SHA-256
Price : $0.00399334

Peercoin (PPC) : SHA-256
Price : $1.04

BitcoinCash (BCH) : SHA-256
Price : $ 613.98

Bitcoin (BTC) : SHA-256
Price : $ 46,950.75

BitcoinSV (BSV) : SHA-256
Price : $156.70

e-Mark (DEM) : SHA-256
Price : $0.003777

Terracoin (TRC) : SHA-256
Price : $0.02785

*Coinmarket.com Prices from 26/08/2021.
๐Ÿ”น๏ธ Mining pools:

SlushPool
slushpool.com

NiceHash
www.nicehash.com

Poolin
www.poolin.com

AntPool
www.antpool.com

ViaBTC
pool.viabtc.com
๐Ÿ”น๏ธ Where to buy?

๐Ÿ”ธ๏ธVendors

BT-Miners
Price : $12,500

AsicMinerMarket
Price : $12,619.00

AKMiner
Price : $13,299

AsicMarketPlace
Price : $13,590

Miner Bros
Price : $14,099

Casa Miners
Price : $14,413

CoinMining Central
Price : $14,510
REWARD FORECAST FOR 1 S19PRO


๐Ÿ”น๏ธ Revenue :

๐Ÿ”ธ๏ธ$ย ย ย ย  38.49/Day
๐Ÿ”ธ๏ธ$ย  1,047.82/Month
๐Ÿ”ธ๏ธ$ 14,048.22/Year

๐Ÿ”น๏ธ Electricity :

๐Ÿ”ธ๏ธ-$ย ย ย ย  3.90/Day
๐Ÿ”ธ๏ธ-$ย ย  117.00/Month
๐Ÿ”ธ๏ธ-$ 1,423.50/Year

๐Ÿ”น๏ธ Profit :

๐Ÿ”ธ๏ธ$ย ย ย ย  34.20/Day
๐Ÿ”ธ๏ธ$ย  1,026.10/Month
๐Ÿ”ธ๏ธ$ 12,484.23/Year
P.S - Need help choosing the right asic miner that's right for you?

Happy to be of service ๐Ÿ™‚

Together we can work out any solution to the challenges you might face...

You can rest asure, you are in honest, dirty and tiresome hands of of a humble miner ๐Ÿ™‚๐Ÿ˜‰
Made with ๐Ÿ’š by Free Spirit

โœŒ & ๐Ÿ’š

Bitcoin is independent from “crypto”

Bitcoin vs “Crypto

@bithouseco

ย ย  The quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run is all what really matters.

For all of you out there, who believe that Bitcoin falls under the “crypto” umbrella, you could not be further from the truth.

“Crypto” is designated for the affinity scams that launched in Bitcoin’s shadow and attempted to leverage its pedigree and latch on to its narrative to sell useless tokens to unwitting noobs.

The scammers believe they can “beat” Bitcoin by providing a feature set and a “culture” more appealing to the masses and make individuals more likely to pick their favorite “crypto” over the best money humans have ever come in contact with.

As most people, these people couldn’t be more delusional.

The success of Bitcoin doesn’t depend on the “culture” of bitcoiners.

Bitcoin is a protocol that has no way of knowing the “culture” of its users.

If it is successful it will be used by many different people from many worldwideย  lands with very different cultures.

A cultural hold on a particular competitive landscape of social media doesn’t really impress no one at the end of the day.

What really matters is the quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run.

The best way to build confidence in that policy is to make the cost of attempting to change that policy, or falling out of line with the consensus rules of the network as high as possible.

Nothing in “crypto” comes close to Bitcoin in these regards, and that is because the Bitcoin network is slowly but surely integrating itself into the energy sector of the globe.

The execution risks associated with mining Bitcoin have become very high.

If a miner fucks up and falls out of consensus, they are punished materially by missing out on precious block reward payouts.

As the network becomes more integrated with the energy sector, these costs will rise and abiding by the monetary policy put forth by the network of full nodes will be paramount.

It happend in 2017 when the biggest corporate players and miners attempted to hard fork a block space increase that fell out of consensus with the full nodes on the network.

The unwillingness to follow consensus ruined reputations and lost a lot of miners a lot of money over the four years that have followed the hard fork.

This is the certainty for the people, that bitcoin is a suitable monetary good in the digital age.

All of “crypto” pretenters focused on speed, app building, and being less “energy intensive” have completely missed the plot and have relegated themselves to a hedonistic odd sand box filled with degenerate gamblers and low energy thinkers.

Bitcoin has already won because it has won the energy game.

This energy game is what will protect Bitcoin’s monetary policy in the long-run, being strongly incentivized by full nodes to do so.

Very few understand this and very few will ever understand that !!!

Vires In Numeris

Vires In Numeris

” It isnโ€™t obvious that the world had to work this way.

But somehow the universe smiles on encryption.โ€

Julian Assange

Nobody yet knows for sure if the universeโ€™s smile is genuine or not.

It is possible that our assumption of mathematical asymmetries is wrong and we find that P actually equals NP, or we find surprisingly quick solutions to specific problems which we currently assume to be hard.

If that should be the case, cryptography as we know it will cease to exist, and the implications would most likely change the world beyond recognition.

โ€œVires in Numerisโ€

=

โ€œStrength in Numbersโ€

epii

Vires in numeris is not only a catchy motto used by bitcoiners.

The realization that there is an unfathomable strength to be found in numbers is a profound one.

Understanding this, and the inversion of existing power balances which it enables changed my view of the world and the future which lies ahead of us.

One direct result of this is the fact that you donโ€™t have to ask anyone for permission to participate in Bitcoin.

There is no page to sign up, no company in charge, no government agency to send application forms to.

Simply generate a large number and you are pretty much good to go.

The central authority of account creation is mathematics.

And God only knows who is in charge of that.

Elliptic curve examples (cc-by-sa Emmanuel Boutet)

Bitcoin is built upon our best understanding of reality.

While there are still many open problems in physics, computer science, and mathematics, we are pretty sure about some things.

That there is an asymmetry between finding solutions and validating the correctness of these solutions is one such thing.

That computation needs energy is another one.

In other words: finding a needle in a haystack is harder than checking if the pointy thing in your hand is indeed a needle or not.

And finding the needle takes work.

The vastness of Bitcoinโ€™s address space is truly mind-boggling.

The number of private keys even more so. It is fascinating how much of our modern world boils down to the improbability of finding a needle in an unfathomably large haystack.

I am now more aware of this fact than ever.

Bitcoin taught me that there is strength in numbers.

Shared with ๐Ÿ’š by Free SpiritโœŒ & ๐Ÿ’š

$10 Million each coin ๐Ÿคฏ๐Ÿ˜ณ๐Ÿคฏ

Made with ๐Ÿ’š by Free Spirit

โœŒ & ๐Ÿ’š

Mining Profitability Formula



Yes the profitability changes second to second with the price of bitcoin and  you cant use this information to forecast…


Reward = ((HashRate * Block_Reward) / Current_Difficulty) * (1 – Pool_Fee) * 3600

BTC total daily payout is 6.25 BTC * 6 times per hour * 24hours…on average = 900 BTC mined every day.ย 

That has to be spread out, on average, evenly across then ENTIRE network.ย  Granted, luck is involved, so it isn’t exactly even, but on average, it should be.

If network is running at 17,608,758 TH/s, and every TH gets an even share of the reward, then that would be 1800BTC / 17,608,758 TH/s = .00010222 BTC/(TH/s).


You then take that figure and multiply by number of TH for miner, and then you get daily BTC revenue ; )





BitHouse LLC


Strenght in Numbers

BitHouse LLC is a client โ€“ focused and result driven CryptoCurrency Consulting and Mining Company that provides broad โ€“ based services at an affordable fee to our clients .

We will ensure that we work hard to meet and surpass our Clientsโ€™ expectations whenever they hire our services for Consulting or mine bitcoin.

At BitHouse LLC, our Clientโ€™s best interest always come first and foremost, and everything we do is guided by our high values and professional ethics.


Services

Cryptocurrency Consulting

General cryptocurrency advice, reviews and due diligence on tokens, blockchain projects, general investment advice and trading strategy.

Security and putting processes in place to backup your crypto.

Cryptocurrency Mining & Staking

Setup and advice on Cryptocurrency mining rigs. Mining does not just include Bitcoin, there are numerous other options to mine, including other tokens, rigs that provide processing power and storage.

Masternodes

Nodes are a great way to generate cryptocurrency, similar to mining just without the expensive hardware.

Setting up and running a node is not straight forward, we can help.

Proof of Stake / Staking Wallets

 Just like mining, storing your cryptocurrency in a wallet that is connected to the blockchain can generate you more crypto of that same token.

If you own POS coins and arenโ€™t staking you are missing out on ROI.


Bitcoin – People’s Money

“Better a diamond with a flaw than a pebble without.”

Confucius

Diamond with a flaw

“Try not to become a man of success. Rather become a man of value.”

Albert Einstein

Man of Value

“If you don’t know what you want, you’ll never find it.

If you don’t know what you deserve, you’ll always settle for less.

You will wander aimlessly, uncomfortably numb in your comfort zone, wondering how life has ended up here.

Life starts now, live, love, laugh and let your light shine!”

Rob Liano

Let your light shine

“A person’s worth is measured by the worth of what he values.”

Marcus Aurelius, “Meditations”

Values

“Mathematics expresses values that reflect the cosmos, including orderliness, balance, harmony, logic, and abstract beauty.”

Deepak Chopra

Mathematics

“Every job from the heart is, ultimately, of equal value.

The nurse injects the syringe; the writer slides the pen; the farmer plows the dirt; the comedian draws the laughter.

Monetary income is the perfect deceiver of a man’s true worth.”

Criss Jami, “Killosophy”

Job from the Heart

“A person that does not value your time will not value your advice.”

Orrin Woodward

Value your time

“Once you embrace your value, talents and strengths, it neutralizes when others think less of you.”

Rob Liano

Embrace your Values

“Bad times have a scientific value. These are occasions a good learner would not miss.”

Ralph Waldo Emerson

Bad times

“I say no wealth is worth my life.”

Homer, “The Iliad”

Life

“But what’s worth more than gold?

Practically everything.

You, for example.

Gold is heavy.

Your weight in gold is not very much gold at all.

Aren’t you worth more than that?”

Terry Pratchett, “Making Money” 

You are worth more than gold

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L’Amour, “Education of a Wandering Man”

Knowledge

“ร”, Sunlight! The most precious gold to be found on Earth.”

Roman Payne

Sunlight

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L’Amour, “Education of a Wandering Man”

Knowledge

“If life โ€” the craving for which is the very essence of our being โ€” were possessed of any positive intrinsic value, there would be no such thing as boredom at all: mere existence would satisfy us in itself, and we should want for nothing.”

Arthur Schopenhauer, “The Vanity of Existence”

Existence

“Our sole purpose on this earth is to add value to others.

It doesnโ€™t make sense to just exist in people’s lives or to be a drain on them, does it?”

Rob Liano

Sole purpose

“Value judgments are destructive to our proper business, which is curiosity and awareness.”

John Cage

Curiosity & Awareness

“We set no special value on the possession of a virtue until we percieve that it is entirely lacking in our adversary.”

Friedrich Nietzsche, “Human, All Too Human: A Book for Free Spirits”

Virtue

“Maybe you had to come close to losing something before you could remember its value.

Maybe we enjoy the last minute struggle as it slips through our hands.”

Suraj Sani

Struggle

“Always remember that the minority dictates the prices, and the majority governs the value.”

Naved Abdali

Minority vs. Majority

“It is impossible to say whether an asset class valuation is cheap or expensive in isolation.

The valuation of an asset is relative to the valuations of all other assets.”

Naved Abdali

Valuation of an Asset

“Market quotes change every second, but business evolves steadily.

You have ample time to evaluate a business to buy or not to buy.

There is no rush.”

Naved Abdali

Evaluate

“The number one reason people lose money in investing is because they buy assets without giving any thought whatsoever to the fair value.”

Naved Abdali

Fair Value

“If investors do not know or never attempt to know the fair value, they can pay any price.

More often, the price they pay is far greater than the actual value.”

Naved Abdali

Actual Value

“Watching every tick up and every tick down is just wasting your valuable time.

Do yourself a favor, and pick up a book or two about investing each month.”

Naved Abdali

Pick up a book

“An ounce of gold will always be an ounce of gold regardless of the length of possession.

The short-term value will go up or down, but gold prices will follow the general inflation rate in the long run.”

Naved Abdali

General Inflation Rate

“A Collectibleโ€™s value is primarily based on the emotions and the perception of potential buyers.”

Naved Abdali

Emotions & Perception