Calculating Hash Rate

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Hash Rate Profitability Calculator

TH/s (Terahashes per second)
Watts
$/kWh (Dollars per kilowatt-hour)
BTC (Bitcoin)
$/BTC (Dollars per Bitcoin)
EH/s (Exahashes per second)
%

Estimated Profitability

Estimated Daily BTC Revenue (after fees):

Estimated Daily Revenue:

Estimated Daily Electricity Cost:

Estimated Daily Profit:

Estimated Monthly Profit:

Estimated Annual Profit:

function calculateHashRateProfit() { var rigHashRate = parseFloat(document.getElementById("rigHashRate").value); var powerConsumption = parseFloat(document.getElementById("powerConsumption").value); var electricityCost = parseFloat(document.getElementById("electricityCost").value); var blockReward = parseFloat(document.getElementById("blockReward").value); var bitcoinPrice = parseFloat(document.getElementById("bitcoinPrice").value); var networkHashRate = parseFloat(document.getElementById("networkHashRate").value); var poolFee = parseFloat(document.getElementById("poolFee").value); var errorMessageDiv = document.getElementById("errorMessage"); var resultDiv = document.getElementById("result"); // Input validation if (isNaN(rigHashRate) || rigHashRate <= 0 || isNaN(powerConsumption) || powerConsumption < 0 || isNaN(electricityCost) || electricityCost < 0 || isNaN(blockReward) || blockReward < 0 || isNaN(bitcoinPrice) || bitcoinPrice < 0 || isNaN(networkHashRate) || networkHashRate <= 0 || isNaN(poolFee) || poolFee 100) { errorMessageDiv.textContent = "Please enter valid positive numbers for all fields. Pool Fee must be between 0 and 100."; errorMessageDiv.style.display = "block"; resultDiv.style.display = "none"; return; } errorMessageDiv.style.display = "none"; // Convert rig hash rate from TH/s to EH/s for consistent units with network hash rate var rigHashRateEH = rigHashRate / 1000000; // 1 EH/s = 1,000,000 TH/s // Approximate blocks per day for Bitcoin (10 minutes per block) var blocksPerDay = (60 / 10) * 24; // 6 blocks per hour * 24 hours // 1. Probability of finding a block var probabilityOfBlock = rigHashRateEH / networkHashRate; // 2. Daily BTC Revenue (before fees) var dailyBtcRevenueBeforeFees = probabilityOfBlock * blockReward * blocksPerDay; // 3. Daily BTC Revenue (after fees) var dailyBtcRevenueAfterFees = dailyBtcRevenueBeforeFees * (1 – (poolFee / 100)); // 4. Daily Revenue ($) var dailyRevenueUsd = dailyBtcRevenueAfterFees * bitcoinPrice; // 5. Daily Electricity Cost ($) var powerConsumptionKW = powerConsumption / 1000; // Convert Watts to Kilowatts var dailyElectricityCost = powerConsumptionKW * 24 * electricityCost; // 6. Daily Profit ($) var dailyProfit = dailyRevenueUsd – dailyElectricityCost; // 7. Monthly Profit ($) (approx 30.44 days per month) var monthlyProfit = dailyProfit * 30.44; // 8. Annual Profit ($) var annualProfit = dailyProfit * 365; // Display results document.getElementById("dailyBtcRevenue").textContent = dailyBtcRevenueAfterFees.toFixed(8) + " BTC"; document.getElementById("dailyRevenueUsd").textContent = "$" + dailyRevenueUsd.toFixed(2); document.getElementById("dailyElectricityCost").textContent = "$" + dailyElectricityCost.toFixed(2); document.getElementById("dailyProfit").textContent = "$" + dailyProfit.toFixed(2); document.getElementById("monthlyProfit").textContent = "$" + monthlyProfit.toFixed(2); document.getElementById("annualProfit").textContent = "$" + annualProfit.toFixed(2); resultDiv.style.display = "block"; }

Understanding Hash Rate and Mining Profitability

In the world of cryptocurrency, especially for proof-of-work coins like Bitcoin, "hash rate" is a fundamental concept. It refers to the total combined computational power being used to mine and process transactions on a blockchain network. Essentially, it's a measure of how many calculations (hashes) a mining device or the entire network can perform per second.

What is a Hash?

A hash is the output of a hash function, which is a mathematical algorithm that takes an input (data of any size) and produces a fixed-size string of characters (the hash value or digest). In cryptocurrency mining, miners compete to find a hash that meets specific criteria (e.g., starts with a certain number of zeros) by repeatedly running transaction data through a hash function. This process is computationally intensive and random, making it difficult to find the correct hash but easy to verify once found.

Units of Hash Rate

Hash rate is measured in hashes per second (H/s) and its larger denominations:

  • Kilohash per second (KH/s): 1,000 H/s
  • Megahash per second (MH/s): 1,000 KH/s or 1,000,000 H/s
  • Gigahash per second (GH/s): 1,000 MH/s
  • Terahash per second (TH/s): 1,000 GH/s
  • Petahash per second (PH/s): 1,000 TH/s
  • Exahash per second (EH/s): 1,000 PH/s
  • Zettahash per second (ZH/s): 1,000 EH/s

Modern Bitcoin mining operations often operate in the TH/s and PH/s range for individual rigs, while the entire Bitcoin network's hash rate is typically measured in EH/s.

Why is Hash Rate Important?

  1. Network Security: A higher network hash rate means more computational power is dedicated to securing the blockchain. This makes it exponentially harder for a malicious actor to perform a 51% attack (where they control more than half of the network's hash rate to manipulate transactions).
  2. Mining Difficulty: The mining difficulty adjusts periodically (e.g., every 2016 blocks for Bitcoin) to ensure that new blocks are found at a consistent rate (e.g., every 10 minutes). If the network hash rate increases, difficulty rises to maintain the block time. If hash rate decreases, difficulty falls.
  3. Miner Profitability: A miner's individual hash rate relative to the total network hash rate determines their probability of finding a block and earning the block reward.

How the Hash Rate Profitability Calculator Works

Our calculator helps you estimate the potential profitability of your mining operation by considering several key factors:

  • Mining Rig Hash Rate (TH/s): Your equipment's processing power. Higher hash rate means more attempts to find a block.
  • Power Consumption (Watts): The electricity your rig uses. Mining is energy-intensive, and this directly impacts your costs.
  • Electricity Cost ($/kWh): The price you pay for electricity. This is a major determinant of profitability.
  • Block Reward (BTC): The amount of cryptocurrency awarded for successfully mining a block. This value changes over time (e.g., Bitcoin halving events).
  • Bitcoin Price ($/BTC): The current market value of the cryptocurrency you are mining. This converts your crypto earnings into fiat currency.
  • Network Hash Rate (EH/s): The total hash rate of the entire network. This is crucial for determining your share of the network's mining power and thus your probability of earning rewards.
  • Mining Pool Fee (%): Most miners join mining pools to smooth out their earnings. Pools combine their hash rate and share rewards proportionally, but they charge a fee for this service.

The calculator uses these inputs to estimate your daily revenue in BTC and USD, your daily electricity cost, and ultimately your daily, monthly, and annual profit. It provides a realistic snapshot of potential earnings, allowing you to make informed decisions about your mining investments.

Example Scenario:

Let's consider a hypothetical setup:

  • Rig Hash Rate: 100 TH/s
  • Power Consumption: 3000 Watts
  • Electricity Cost: $0.10/kWh
  • Block Reward: 6.25 BTC
  • Bitcoin Price: $70,000/BTC
  • Network Hash Rate: 600 EH/s
  • Pool Fee: 2%

Using these values, the calculator would perform the following steps:

  1. Convert Rig Hash Rate to EH/s: 100 TH/s = 0.0001 EH/s
  2. Calculate Probability of finding a block: (0.0001 EH/s / 600 EH/s) = 0.00000016666…
  3. Estimate Daily BTC Revenue (before fees): 0.00000016666 * 6.25 BTC * 144 blocks/day = 0.00015 BTC
  4. Apply Pool Fee: 0.00015 BTC * (1 – 0.02) = 0.000147 BTC
  5. Calculate Daily Revenue in USD: 0.000147 BTC * $70,000/BTC = $10.29
  6. Calculate Daily Electricity Cost: (3000 W / 1000) * 24 hours * $0.10/kWh = $7.20
  7. Determine Daily Profit: $10.29 – $7.20 = $3.09

This example demonstrates how each factor contributes to the overall profitability. Remember that these calculations are estimates, as network conditions (hash rate, difficulty) and market prices are constantly fluctuating.

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