The Genesis Block is proud to announce the launch of the latest addition to our set of free tools available for public use: the Bitcoin Mining Dashboard. The purpose of this tool is to help members of the bitcoin community solve a common problem: selecting a mining hardware investment.
The new Bitcoin Mining Dashboard gathers otherwise disparate information from around the web and consolidates it for easy comparison. Also included is a calculator to easily view your potential return for each hardware option, displayed in a monthly payout schedule.
Market and hardware parameters
The info for the current mining hardware options is already loaded in; all you have to do is select one. From there, simply make any adjustments to the parameters to reflect your purchasing and operating scenario. Such changes may include price if you’re buying hardware in the secondary market, power and shipping costs based on your location, or expected start date for your mining operation.
Not to be overlooked is the network growth assumption, as this will play a significant role in the overall profitability of a mining investment. To make this easier, the field is pre-populated with the increase from the past thirty days. Additionally, historical network increases can be found in the Overview Statistics section above.
Mining Payout Schedule
After you’ve selected a hardware option, the table on the right will populate with payout information. At the top left of that section are two critical calculations: break even period and maximum profit. Importantly, the maximum profit calculation will tell you when operating costs are expected to exceed return, offering an idea of the useful lifespan of the equipment.
In the table is monthly return including revenue, profit and cumulative profit up to that month. Also included is the time per block discovery, or the estimated amount of time it would take for you to discover a block based on your hash rate compared to the network, including network growth assumptions. As most miners will join pools with a relatively even payout schedule, this is meant primarily to offer additional perspective on network growth.
Additional Resources
At the top of the page is a graph offering current and historic perspective on the network hash rate, which can be helpful when determining network growth assumptions. On the left side of the page is the latest mining news including the latest bitcoin ASIC hardware offerings and production / shipping updates from manufacturers. At the bottom of the page you’ll find a table outlining statistics for all the latest bitcoin mining hardware, sortable by whichever aspect you prioritize most.
Happy mining.
Like these free tools? Don’t forget to check out The Genesis Block’s Bitcoin Market Dashboard.
How is break even period calculated?
Break even is the number of days it takes to make your investment back in bitcoins. The cost of the hardware is compared to its speed and the projected difficulty. Each day the cumulative number of BTC earned is compared to the cost in BTC until they’re equal.
You guys are on a roll! This is awesome!
very nice indeed! thanks.
Nicely done.
Could you do the same for mining software, too, including different distrobutions, OS’es, and free vs. non-free software?
Is there any way to adjust the cost of the equipment so that it can be entered in bitcoin? Accounting with USD for mining makes little sense.
Thank you for the suggestion. I added an option next to Cost of Hardware to select which currency it is denominated in.
Now can you add the return using different pools please…
There is an option to modify the pool fee, so you can use that to account for different pools.
Great resource — seems down at the moment though.
Thanks Jonny, we had an issue with the bitcoin database that has been resolved. I’ve added a solution that will prevent this error from occurring again.
Pretty sure I left a post here earlier, talking about difficulty growth rates and stuff, and why the calculator is mathematically broken – can’t seem to find it now – but censorship seems improbable.
Hey Justin, we added a fixed rate in TH/s option for the monthly difficulty increase. I hope this helps your calculations.
Very nice resource. Much easier to use then most calculators out there and the most up to date. Having a “Difficulty Increase” percentage parameter is a must for miners.
1 suggestion. Add another percentage parameter under Conversion and Electricity for BTC/USD rise & fall. Having a static price per Bitcoin isn’t a realistic means of measure.
wow, so it seems if I assume to start mining in November, then none of the available hardware would bring any return! And starting in October might bring some win but not that much. Does anybody thing the 62% difficulty increase per month is a little too high?
How about a dashboard for the other virtual currencies?
I read this article fully concerning the difference of hottest and
previous technologies, it’s awesome article.
How do you predict difficulty increase?
We use the 90-day difficulty increase to estimate the average monthly increase over the last 3 months. To do this we take {90 day increase}^(1/3).
Thank you. What do you mean ^(1/3)?
Excellent resource! I’ve been looking for something like this. Shared!