Mining revenue has always been the core indicator of mining.
How to evaluate the daily income of mining a certain currency with the mining machine in hand? What are the factors that affect mining income? On the market, there are countless profit calculators and mining profit prediction tools for various currencies. What method do these tools use to estimate the daily mining income?
Today, taking BTC encrypted assets as an example, I will briefly introduce the calculation method of mining income.
Before calculating the mining income, you must first understand several concepts: difficulty (Difficulty), computing power (Hashrate), block reward (Block Reward), daily mining theoretical income (24h Estimated mining revenue).
knowledge points
Difficulty is a measure of the difficulty of mining, that is, the difficulty of finding a HASH value lower than a given target. In layman's terms, mining difficulty is how difficult it is to find a legal new block.
Hashrate refers to the number of hash calculations performed by the mining machine on the relevant mining data according to the hash algorithm per unit time. It can also be simply understood as the number of mining results (shares) submitted by the mining machine per unit time.
Block Reward (Block Reward) refers to the encrypted asset reward given by the blockchain to the block miners after a new block is dug. It is the main source of income for miners to mine.
The daily mining theoretical income (24h Estimated mining revenue) is the data obtained by dividing the block reward by the number of days according to the miner's computing power and mining difficulty, estimating the time it will take for the miner to dig a block. This value does not take into account the influence of luck and other factors, it is a theoretical value, and at the same time, it is also the most important indicator for evaluating miners' mining income.
To obtain mining income, miners need to dig out legal new blocks and obtain corresponding block rewards.
