Bitcoin mining is one of the ways in which bitcoins can be obtained in exchange for the complex algorithms offered by Bitcoin Blockchain.
Bitcoin differs from fiat currencies, because it is not only possible to pump more bitcoin from the need and demand, but there is a limited amount of bitcoin and the process of extracting it stops the mining mechanism, which becomes more difficult with time in exchange for reducing the cost of the reward that the metal audience gets.
As the difficulty of the Bitcoin mining process forces the miners to use powerful devices in addition to consuming electrical energy.
Therefore, the question comes to the minds of many who wish to achieve some bitcoin through the mining process about the economic feasibility of this process.
We wanted to dedicate a topic on the Arab Bitcoin website that deals with:
3 most popular computers to find the cost and profits of Bitcoin mining
Before we get acquainted with these computers, we present an introductory overview about the mining calculator, which can be said as a calculator similar to the regular computers, but it works in an automatic way by providing them with the rate of fragmentation and the price of electrical energy in your area to provide you with the final result about the profitability of the mining process as a whole.
Among the most popular computers that offer the ability to know the cost and profits of Bitcoin mining:
1- CryptoCompare Calculator:
Users of this calculator are required to include the retail power, average consumption of electricity, average price of electricity / kWh, and mining complex expenses if they join a group.
After entering all this data, the calculator will output the final result.
The final result of the profit percentage is displayed in the day and month, how many Bitcoin users have mining over time and their current electric power prices.
The CryptoCompare platform was established in 2014 and it is a platform that provides cryptocurrency market data.
It allows users to access real-time pricing data for more than 5,000 cryptocurrencies and more than 240,000 trading pairs.
2- BitcoinWisdom Mining Profit Calculator:
BitcoinWisdom is a bitcoin mining profit calculator that does this by calculating average complexity profit.
In addition to providing a portfolio of several settings that users can modify, they include:
Complex increases, electricity cost, mining complex price, retail rate, instrument cost, instrument capacity, start date, distribution price, setup price, and support price.
The calculator also provides light coin support.
3- Bitcoin mining profit calculator BTC.com:
BTC.com Calculator allows users to specify currency, rate of retail, average power consumption in watts, electricity prices, bitcoin price, and complexity.
After entering all the data, this calculator displays the results of full profit, total income, cost, return and many other benefits.
Finally, the calculated results and costs based on the tick rate are fairly accurate.
However, many users neglect the true GPU hash rate.
GPUs are not produced equitably
And it must be examined independently because the rate of hash of each card differs from the other, even if it comes from the same company.