Ethereum: How do I calculate expected earnings when mining a cryptocurrency? [duplicate]

Calculated expected earnings by digging cryptocurrency

As a potential cryptocurrency cashier, calculating the expected earnings is very important in making reasonable decisions whether to invest in the mining process or participate. In this article, we will investigate how to calculate the expected earnings of Ethereum extraction, as well as recommendations for alternative choice of cryptocurrencies.

Ethereum mining algorithm understanding and level of difficulty

Ethereum uses a work evidence (POW) consensus algorithm, which requires mining to solve complex mathematical equations to confirm operations and create new blocks. The difficulty level of the Ethereum mining process is determined by a combination of factors including:

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• bag speed : calculation power required to solve mathematical equations.

Expected earnings of earnings

To calculate the expected earnings at the mining phase, consider the following steps:

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For example, if you have 1 GP with a bag of 100s/s and you earn $ 30 per block for a block, your expected earnings per hour would be:

$ Epph = ($ 30 \ 10^9) / (100 \ 3600) ≈ 8.33 USD

Alternative Cryptocurrencies: Fast Guide

While Ethereum is still the most popular cryptocurrency excavated, other Altcoins, such as Sha-256, Monero and Zcash, are promising opportunities. Here’s a short one:

* Sha-256 : Algorithm used by Bitcoin and many other cryptocurrencies with a reward of 6.25 BTC (approximately $ 21 million per block).

* Monero : Private cryptocurrency that uses circular signatures for surgery.

* ZCASH : Decentralized cryptocurrency that uses zero knowledge evidence to safely examine surgery.

Conclusion

When calculating the expected earnings, the factors such as the bag, block reward and operation fees must be carefully considered when calculating the expected earnings. By understanding the Ethereum mining algorithm and difficulty levels, you can assess your potential earnings per hour. In addition, alternative cryptocurrencies such as Sha-256, Monero and Zcash can be investigated an alternative to Ethereum mining.

important notes

• The cryptocurrency landscape is constantly evolving, new projects are emerging, and old ones are closed.

• The profitability of mining is eventually dependent on factors such as electricity costs, hardware availability and market demand.

• Always do detailed research before investing in any cryptocurrency project.

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