fee, cost, hardware cost, bTC value. Time to break-even is calculated by comparing your hardware cost (which you must enter below) to your predicted monthly profits and seeing how long until the initial hardware cost is paid off. If you want to start mining Bitcoin, consider joining a Bitcoin mining pool. Such an asic would be efficient and profitable because you'd hopefully validate a block which would be worth more than your electricity costs.
Mining pools may not seem appealing at abn amro forex first because you have to divvy up the reward, but they're actually a smart move, as they significantly increase your odds of validating a block. Of course, block rewards have a direct impact on your mining profitability, as does the value of BTC since the value of BTC is volatile, block rewards will vary. This view assumes the price of the coin will stay the same. Some hardware might not pay itself off at all. Diff Change Help, what is this? Why Our Calculator is the Most Accurate. Asia's electricity is particularly cheap, which is why China is home to many mining operations. It is impossible to predict what the price of any coin will be in the future, we leave the price predictions up to you. Your profits will equal (money earned from selling) - (total expenses hardware costs). Conclusion Bitcoin mining is very competitive. Factors That Affect Mining Profitability. As stated previously, companies have set up large-scale mining operations in China with thousands of asics running in synchrony.