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.
New Solo Mining Calculator for Bitcoin
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atomicsigmaNewbie
Posts: 2 · Reputation: 18
#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?
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.
Wow, your electricity cost is low.
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.
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.