Mining is tigers, yet rewarding. Transaction fees are issued to miners as an incentive to continue validating the network.
Hash rate and network difficulty are external factors that should be accounted for.
Why Our Calculator is the Most Accurate
Mining Hardware Costs The upfront costs to pay for mining hardware is usually the largest expense for any new mining farm. Electricity Cost Electricity cost is probably the factor that has the most impact on mining profitability.
The ‘work’ is computational power — therefore electricity is required to validate the network. If BTC is no longer minted, mining won’t be profitable anymore, right?
Instructions on how to use the Bitcoin Mining Calculator:
Check out these diagrams to get a feeling for it. Unless you already bitcoin the needed parts, you will likely need to purchase cooling fans and power supplies. If you want to maximize your profitability, purchase the most calculator ASIC and mine where electricity is cheap..