➤ MORE: Bitcoin mining machines & hardware Top 5 Bitcoin Mining ASICs 2023 Model We also use the current mining difficulty in our calculations. Since our calculator only projects one year out, we assume the block reward to be 6.25. ➤ MORE: Bitcoin mining pools & sites Bitcoin Mining Calculator Inputs What our Calculator Assumes If you have many different kinds of miners you are deploying, you will need to run this calculation for each one. Or just fill the form in for one miner, and then multiply that number by the number of miners you have. If you have many miners, then you can multiply the hash rate and power consumption by the number of miners you have. To use our calculator, all you need to do is plug in your miner's hash rate and power consumption as well as your electricity cost into the form. Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality. Our calculator assumes the 0.4527678% daily increase in network hash rate which has been the average daily increase over the past 6 months. ➤ MORE: Is Bitcoin mining profitable in 2023? This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate.
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