Calculation of estimated bitcoin prices: Understanding the blockchain
The decentralized nature of Ethereum and a fundamental mechanism of consensus for work evidence (POW) create a complex network of transactions and calculations that produce new blocks. As a user, it may seem frightening to understand how many bitcoin you gain at any hash. In this article, we will break the concepts and provide directives on the calculation of estimated bitcoin prices.
What is a hash rate?
The hash rate (H) represents a rate by which the minor deals with transactions on the Ethereum network. It is calculated by adding all the computer power of the net over time, often expressed in gigahashs in a second (GH / S). The greater chopping rate indicates that Rudar has more computer forces to process transactions.
How does the chopping rate refer to Bitcoin rewards?
In traditional mining swimming pools, minors argue to solve complex mathematical puzzles, which requires significant computer power. When you join the Ethereum network, the hash rate is an integral part of the total IT load. While more and more users contribute to their procedural force (hash rate), the level of difficulties of the new blocks increases and the reward for their resolution is reduced.
Calculation of the Bitcoin price estimated by a particular hashtread
To assess your estimated bitcoin rewards, you will have to follow these steps:
- Select Ethereum Rudar Pool: Choose a pool of deemed and active minors supporting proof of work consensus Ethereum (POW). Popular swimming pools include Antpool, Poolin and Pool.
- Calculate the estimated chopping rate : Use internet tools or software (eg ethminer, CGMINER) to assess your actual axing rate according to the specifications of your system and your base that you have selected.
- Select the level of difficulty in mining : Determine the current level of difficulty in mine using the difficulty of the Ethereum calculator in the password.
- Evaluate your estimated price : Use an internet tool to assess the Bitcoin reward (for example, Blockchain.com, Coindaddy) to calculate the estimated price according to your hatching rate and the level of difficulty in mine .
Example of calculation
Suppose you have a higher graphics card with 16 GB of RAM, processing speed: 1000 MH / s. Join the Antpool pool, which estimates an average hash rate of 450 GH / s for miners of Ethereum. The current level of difficulty in the legal war is approximately 18.7 TF (Billions) h / s.
Using online tools or software, you estimate that your actual hash rate is around 550 MHz (5.3 GHz). The level of difficulty of mining remains at 18.7 TF / s. Then enter these values in the estimated reward calculator:
Estimated chopping -A: 550 MHz
Difficulty level in mining: 18.7 TF / s
Estimated reward: approximately $ 0.00,00044 per block
Why your estimated rewards could be lower than what you expect
Keep in mind that your actual hash level and the level of mining difficulty can vary, which affects your estimated rewards. Factors like:
* Changes in the pool : Pools can adjust their operating strategies or add new minors, by modifying the overall computer loading of the network.
* Equipment upgrade : changes in your equipment can affect your process power and, therefore, your estimated prices.
* Construction of the network : An increased network activity can reduce the level of difficulty in dealing with blocks, which affects your estimated reward.
Conclusion
Calculation of Bitcoin prices estimated with a certain chopping rate requires mathematical calculations and understanding the economy of Ethereum blockchain. Although it may seem frightening, the selection of a pool of active minors, an estimate of the actual hash rate and using Internet tools or software, you can have an approximate idea of the rewards you will win.
Do not forget to be in progress with changes in Ethereum network architecture, mining strategies and material development to maximize your estimated price. Good looks!