New Solo Mining Calculator for Bitcoin

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john21Member
Posts: 42 · Reputation: 61
#1Jun 15, 2019, 09:40 AM
Just made a new tool for solo miners. It's free and pulls live data for Bitcoin difficulty and price. Just input your hashrate and watch it work its magic. Check it out here.
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#2Jun 15, 2019, 03:30 PM
Looks pretty solid! This could be my go-to solo mining calculator. Quick question, is the network hashrate based on a weekly average or something more real-time? Also, where do you get your data?
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atlas51Member
Posts: 547 · Reputation: 40
#3Jun 15, 2019, 04:53 PM
I tried it out with 10 petahashes and got a 1 in 3 chance of finding a block yearly. My setup with nine Antminer ASICs runs at about 10 petahashes. At 5 cents per kWh, I’m looking at $43,332 a year for electricity.
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john21Member
Posts: 42 · Reputation: 61
#4Jun 15, 2019, 08:17 PM
Wow, your electricity cost is low.
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atlas51Member
Posts: 547 · Reputation: 40
#5Jun 15, 2019, 11:00 PM
I'm at just under 5 cents too, but I can't use much power. If I pay 10 cents, it means only one block every three years. Gonna end up spending $260k on electricity for about 3 bitcoins. Solo mining is risky, especially for the average miner.
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atlas51Member
Posts: 547 · Reputation: 40
#6Jun 17, 2019, 05:17 AM
Finding a block relies on two main things: your own hashrate and the total network hashrate. The math is all out there. I double-checked the luck stats using an AI tool, and it lined up perfectly with this calculator.
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