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Does Bitcoin Mining Make Money

Bitcoin mining was a hot topic in 2017 when cryptocurrency soared. Many people scrambled to buy mining machines and join the bitcoin mining army. At that time, it was "difficult to find one machine". With the deterioration of the market, it has recently burst out that the mining machine is sold by Jin. Today, let's talk about whether bitcoin mining makes money or not? Why is there a situation of "on Jin sale" of mining machines?

1. How many bitcoins can be dug up a day?

Let's first introduce the reward mechanism of bitcoin system. Bitcoin is basically stable through system settings, digging out a block every 10 minutes on average. Every time a block is dug out, the reward is given to the miners who dig out the block. A miner who digs out a block is called a block miner. The out of block miner will record the legal transactions in the bitcoin network on the blockchain, so that the miner can receive the bookkeeping fee.

The reward for miners out of the block includes two parts: one is the system reward, which is called coinbase reward (also known as system issuance reward), and the other is the bookkeeping reward, which is called miner's fee.

Coinbase reward starts with 50 bitcoins. For every integral multiple of 210000 block height, the coinbase reward will be halved. This is the bitcoin mining reward we often hear about halving in four years. At present, the coinbase reward is 12.5 bitcoins.

At the present stage, the average transaction fee received by miners for digging up a block is about 0.1 bitcoins (not fixed), that is, the average reward received by miners for digging up a block is about 12.6 bitcoins. About 99% of the reward for miners comes from the coinbase reward of the system.

According to the bitcoin system, one block can be excavated every 10 minutes. The number of new blocks that can be excavated in a day is 144 (60 * 24 / 10 = 144). At present, the number of bitcoins that can be excavated every day is 1800btc (144 * 12.5btc = 1800btc). In addition to the miner's fee of about 0.1btc in each block, the total reward for all miners in one day is about 1814.4btc.

2. The proportion of your computing power determines the mining probability

Bitcoin mining competition is computing power, that is, the number of hash operations of mining machines per unit time. The greater the computing power, the greater the probability of digging bitcoin. At present, the computing power of bitcoin in the whole network exceeds 39eh / s, that is, 39 times 10 to the 18th power. What is this concept? If an ordinary computer is used to mine, its computing power is about 1000h / s, and it can make 1000 random number attempts per second on average. There are 7 billion people in the world, and everyone has a computer used to dig bitcoin. Then it takes 5.6 million earth to reach the current network computing power of bitcoin.

The probability of miners digging bitcoin is equal to the proportion of their computing power in the whole network. Mining with ordinary home computers, the probability of digging bitcoin is far less than the probability of winning the first prize in the two-color ball. Therefore, at present, miners use professional mining machines - ASIC mining machines to dig bitcoin. If the miner "xiaoleng" has computing power, accounting for 1% of the computing power of the whole network, in the long run, his probability of digging bitcoin is 1%.

3. What is the daily profit of miners?

Miners can roughly calculate the number of bitcoins they dig according to their proportion of computing power, and calculate the income according to the current market price. The computing power of the miner "xiaoleng" accounts for 1% of the computing power of the whole network. In the long run, the average bitcoin he digs every day is about 18 (1800 * 1% = 18). According to the current bitcoin price of 25000 yuan, the average daily income is about 450000 yuan.

Whether the miners are profitable depends not only on the income, but also on whether the mining income can cover the mining cost. The cost of mining mainly includes: the cost of purchasing mining machines, electricity cost, site cost, labor cost, etc.

The price, computing power and power consumption of different mining machines are different, and the electricity and labor costs are also different. Therefore, how much money bitcoin can make a day of mining needs to be calculated according to the actual situation.

It should be noted that bitcoin mining is not a business that can make no loss. The mining machines that broke out some time ago were sold by catty. It is precisely because the price of bitcoin fell sharply that the miners' mining income could not cover the cost and were forced to sell off the mining machines.

Knowing the key parameters such as mining machine price, computing power, power consumption and electricity charge, you can calculate the mining income with the help of mining calculator. The big white treasure chest calculation force calculator on the official website of the vernacular blockchain can calculate mining revenue and current cycle data according to the parameters of the mining machine.

4. Summary

The probability of bitcoin miner digging bitcoin depends on the ratio of his computing power to the computing power of the whole network. Bitcoin mining is not a sure business. Whether you can make money depends not only on the income of mining, but also on the quantity and price of bitcoin; It also depends on the cost of mining, including mining machine cost, mining machine computing power, power consumption, electricity and other operating costs.

When you know the specific parameters of the miner, you can find the mining calculator through the big white treasure chest to calculate the mining income.

Does Bitcoin Mining Make Money 1

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Why Not Just Look at the Money Supply to Calculate Inflation?
Why not just look at the money supply to calculate inflation?The quantity theory of money is a theory. For a variable as important as consumer prices, it is clearly desirable to just measure it directly rather than appeal to a theory, even if the theory had some truth to it.Besides that, it is also not at all clear what the right measure of money supply would be— — — — — —How can an inadequate money supply affect the rate of inflation?All the talk you see about money supply fails to recognize that paper money is simply a symbol of value.It's just a convenient way to avoid having to carry goats, potatoes and firewood around in order to trade for the things you need.Our ancestors got pretty tired of having to trade commodities for items of like value, so thousands of years ago people began making coins for the purpose of simplifying trade. Coins were eventually augmented by paper money.We work for money, so that we can have the things that we want—not the money itself— — — — — —What happens to prices, interest rates and exchange rates in the Dornbusch model of exchange rates when the money supply is increased?Assuming this is an unanticipated permanent increase in the money supply then prices should rise. The Dornbusch model suggests that the price reaction will be slow. That means in the short run real goods and services are too cheap. To keep things in balance, the financial markets will over-react, that is over-react compared to what they would do if prices reacted immediately. Interest rates will increase and the currency will weaken.Eventually, if nothing else changes, prices will adjust properly, and interest rates will fall while the currency strengthens. Of course, it's never true that nothing else changes; and there are lots of complexities in any real money supply change. So the model is not a precise prediction, it's a general story to explain why currency exchange rates seem to be more volatile than simple economics can explain— — — — — —Why are currency and coins held inside banks not considered to be part of the money supply?It would actually be considered in the money supply if it is in a checkable bank account. This is still considered M1 money (which is what economists count as the money supply). What is, however, not considered in the money supply are those in savings accounts. These are considered "near-money" and are considered M2. Bank reserves are also not considered to be M1 money. This is probably what you are talking about in regards to currency and coins "held" inside banks. They may be talking about reserves.— — — — — —how is money supply can be increased?Any country put money on the street (print money) when the GPA (the value of all goods in the country) raised, if not, that new money produces inflation— — — — — —If the Federal Reserve goal is 2% inflation every year and money supply expansion, why not just buy assets? They are purposely devaluing USD and intend for prices to double again in 20 years.Oh but if life was so simple that 'just doing this," or 'just doing that" would accomplish what some wish to be done.The value of the US dollar (aka USD) is determined in the global currency markets against a basket of six other global currencies. To be 'devalued" means that an awful lot of traders would have to reduce its price. Something the Fed cannot, on its own, actually do. The Fed has set a target of 2% inflation. But neither rising, nor falling interest rates are the key to inflation; inflation in the classic 'too much money chasing too few goods" tends to come about because of rising labor costs. Interest rate fluctuations are a reflection of inflation and not the cause of it. Presuming otherwise is to get the cart before the horse. While the Fed could presumably influence (not set) interest rates by buying or selling treasuries, doing so would only influence the open treasury markets (which trade about $1 Trillion worth of treasuries each day) where the price of treasuries would either reflect that buyers and sellers vary their price, which in turn is reflected in their yield. When more in demand, the price of treasuries goes up and yields go down (because treasuries have a 'face value" of fixed value at redemption)The Fed has already gone on record as stating that the reason they want some inflation is so that wages rise 'to keep up with inflation." Absent any inflation (a zero-inflation environment such as we've had for the past few decades) will leave the wages of the un- and semi-skilled stagnating, which tends to promote some degree of social unrest (and the election of populist presidents, apparently). The facts are these: 1) there are more un- and semi-skilled laborers and potential laborers than industry can every hope to absorb, and as long as there's a warm and willing body unemployed and willing to do the work, management has no incentive to raise wages. 2) not all wages have stagnated. Those with skill have seen wages increase all along. 3) Likewise those with advanced educations in critical job categories. Given a zero-inflation environment, no one gets a wage increase for 'longevity" or 'to keep up with inflation when there is no inflation." And the world is full of un- and semi-skilled workers. Always. And it's the nature of jobs to require greater and greater skill sets over time. To really devalue the USD, it takes inept politicians leading the country, cutting taxes, and starting pointless wars. That will get currency markets thinking and believing that the country is on the wrong path. The USD lost 45% of its value during the Bush 43 years; gasoline prices quadrupled. During the (relatively sane) era of Obama, by contrast, when the deficit was being reduced year over year, the USD regained 45% of its value. The market symbol for the USD versus a basket of six other global currencies is DXY (or $DXY) and anyone can pull a long term chart and see for themselves what different administrations have done to it. And the Fed had very little, or nothing to do with that process. It's all about responsible versus irresponsible governing.If the Federal Reserve goal is 2% inflation every year and money supply expansion, why not just buy assets? They are purposely devaluing USD and intend for prices to double again in 20 years
Do You Think E-Cigarettes Will Put an End to Tobacco, Why Or Why Not?
Do you think E-Cigarettes will put an end to tobacco, why or why not?Its still smoking, and IMO is just a new fad that has been introduced to milk people of their money now that they are not smoking any more. To me, they are unimpressive and I would not spend any money of them.— — — — — —Ready for another round of Baseball multiple Choice?C B D People(the rich) do not like to be parted from their money.— — — — — —How does google make money?They are not in fact the richest in the world, nor close to being so. Google makes their money nearly solely through Advertisings (AdWords)— — — — — —Have you ever heard of something like this before?Hey, some women keep their money in their bras. It's pretty funny to watch them root around in there for money LOL— — — — — —How Come At Celebrity Book Signings, They Won't Allow You To Have Other Things Signed?The store makes their money by selling items from the store. They want you to buy something— — — — — —is it right for Yemen to accept $$$ from US?i think the us should give their money to us - it is our money— — — — — —If Bush's plan to privatize a portion of SS had gone through, would most contributing members and recipients?DEPENDS ON WHERE THEY INVESTED THEIR MONEY— — — — — —In the face of budget cuts, why are some schools and school districts banning teachers from using crowdfunding (such as GoFundMe.com and DonorsChoose.com) to raise money for supplies?First off President TRump is cutting any thing. also if schools manage their money the teachers would need to do fundraisers. Schools and school districts wste so much money case in point my local district wants to give the city $6. 5 million of district money for city pool it's illegal but this the kind of stupid people you get running school districts— — — — — —How does a homelss person get the cardboard piece and the marker to write "Need Money"??Ha ha that's really funny I've wondered the same thing. The carboard would be easy, they would just have to look in a dumpster, but the marker would be a little more tricky. Mabey a few homeless people pull their money together and buy one or mabey the just borrow it off of someone. Who knows you could ask one and find out, but I do not think you will find anyone on here, homeless people ususlly do not have computers! Good question though!— — — — — —Has anyone received there stimulus check even when they used Turbo Tax to deduct the tax prep fee? I have readWhy is everyone getting so upset about "expecting their money" on a certain date. Is everyone forgetting that this is money being given to you? It is free money, stop complaining and just be grateful you are getting anything— — — — — —What do you think would happen to religions if life was found outside of earth?Not much. Most of them would try and figure out how to convert them and take their money before another faith got to them— — — — — —Why do Liberals always sqawk when the US interferes in the internal affairs of other countries?Instigator! Back Back! Some one get me an exorcist! This guy is at it again. Morning Steve. You speak the truth, most of us will never hear. The liberals have a defective gene that leads to a common form of Tourets syndrom. They squawk they can not help it. I tend to humour them. I am pretty sure I know what you think, so I will go down the road with my own little dittie doo doo. Maybe there is just not enough incentive to keep American money in America. The billionaires and millionaires of North America are afraid to lose their money, or they are selfish, or they just think they have to leave some sort of legacy behind for their equally shallow offspring. They are not willing to put forth the effort to save any other American but their own. So the field is left open for buy outs takeovers, or just hand it to em on a plate cause 'quicknobodieslooking' kinda deals. Youscrachamyballsiscratchayouballs and then there's 'we don hav ta tell ya wut we do'— — — — — —Would twenty childless years in America balance the budget for good?Well it would help the environment, but if there were no children around everyone would just be spending money on frivolous things and living the high life because they would have no annoying children to take care of - they would waste all of their money, the economy would be the same.
How to Save Money and Conserve Your Cannabis with Vaporizers
This article is sponsored by VaporNation - Your Online Vaporizer Superstore. Save 15% off your entire order at VaporNation with coupon code LEAFLY at checkout. Aside from their undeniable health benefits, vaporizers are being utilized more and more by cannabis consumers for another key reason: vaporizing saves you money. If you are ballin' on a budget (like so many of us are), vaporizing is a great way to conserve your herbs and stretch the amount of time in between re-ups. Because vaporizers essentially slow-roast dry material (as opposed to flash-frying when smoked from a joint, blunt, bong, or pipe), a little bit of herb goes a long way. Consider the following: If you grind and pack 0.1 grams of cannabis into the heating chamber of a portable vaporizer, you will get (on average) about three to four minutes of vape time to thoroughly enjoy and savor the flavor of your flower. Alternatively, if you pack the same amount of bud into a traditional glass pipe and take a lighter to it, your flower turns from nug to ash in less than 10 seconds. Not only does using a vaporizer in this instance eliminate the smoke and other harmful byproducts caused by igniting the herbs, it prolongs the length of your session by as much as 25 times. Since vaporizers require you to pack far less material into the chamber to achieve the desired effects as compared to smoking, they make it easy to ration your flower. Say there are still three days left until payday, and you only have about 0.2 grams of herb that you need to make last. (For reference, 0.1 to 0.2 grams is roughly the amount you pack into a pipe or bong on average during a single session.) Traditional means of smoking said herb leave you with two options. Option A: Smoke your remaining cannabis in a single session to achieve a proper high, leaving you two and a half days with nothing to help relieve pain or take the edge off. Option B: Divide your remaining stash into small, equal amounts of roughly 0.75 grams apiece. While this method may technically stretch your stash until pay day, smoking such a small amount each time will hardly yield any effect, and the cannabis will most likely get sucked through before you even have a chance to enjoy it. No matter how you slice it, there really is not any happy outcome in either of these scenarios. With a vaporizer in your arsenal, making the same 0.2 grams last for three days is a non-issue. Since vaporizing does not require as much dry material to be packed in order to experience the effects, you could easily stretch the 0.2 grams while still deriving medicinal value from the plant. In short, investing the money you would spend on smoking in a quality vaporizer will pay back in spades. Ready to add one to your cannabis toolkit? The following four economical vaporizers give you the best bang for your bud. When it comes to portable vaporizers, the Magic Flight Launch Box (MFLB) looks and operates differently than most. Its unique functionality makes it the ideal portable vaporizer for conserving herbs. Unlike conventional portable vaporizers that stay heated to a constant set temperature, the Magic Flight Launch Box's heating element is only active when pressure is applied to the battery. This feature prevents your buds from cooking when you are not inhaling, and allows you to vape from a single packed trench (chamber) over the course of multiple sessions. With the MFLB, there's no wasted herb and no wasted vapor. Hand-crafted by Magic Flight in the sunny San Diego, the Launch Box is both reliable and durable. Since it takes such a simple approach to vaporization, there are very few moving parts or electronics that you have to worry about breaking down. Because of this, Magic Flight is able to offer a lifetime warranty on its product, which will undoubtedly save you money down the road. And with all of the money you are saving using the Launch Box, you will be able to splurge a bit on additional Magic Flight parts and accessories. The new APX vaporizer from Pulsar is an ultra-lightweight and compact portable device that packs a lot of punch in a small package. In addition to being an extremely affordable option for beginners looking to invest in their first vaporizer, the APX is also a perfect device for vape veterans looking to diversify their collection. The APX vaporizer is less expensive than most glass pieces, so not only will you be saving money from the get-go, you will be able to keep your pockets lined with extra green (of both cash and cannabis varieties) by switching from smoking to vaporizing. Boasting five predetermined heat settings (ranging from 356 to 428F), the APX is equipped with a large-capacity ceramic herb chamber that holds close to half a gram of dry material. Small enough to fit in the palm of your hand, the APX is all about portability, and is designed to be discreet enough to use in public without attracting unwanted attention. Supporting both herb and wax vaporization, the APX serves the purpose of a portable vaporizer as well as a wax pen - saving you from an additional purchase. Sometimes you have to spend money to save money (think solar panels and wind-farm turbines). Investing in a portable vaporizer like the new SideKick vaporizer from 7th Floor may seem like a splurge initially, but when you consider the money you will save when you stop smoking and start vaporizing, this vape practically pays for itself. The SideKick essentially performs the functions of a portable vaporizer, a dab rig, and a bong - all in one handheld device. Aside from fast, efficient vaporization when used with the standard glass mouthpiece, the SideKick can also be used with an optional glass bubbler attachment that adds an element of water filtration. Much like a bong or standard bubbler, the SideKick's bubbler attachment cools and hydrates vapor for a more pleasant overall experience. Also compatible with wax concentrates, this contraption effectively replaces bulky dab rigs and pricey e-nails, and in the process gives you the ability to enjoy your dabs on the go. If you were to invest in a portable vaporizer, bong, and dab rig separately, there's no doubt you would end up spending a pretty penny. The SideKick, on the other hand, combines each of those elements in one, sleek, ergonomic package. While wax pens are not technically considered true vaporizers, the new Gravity wax pen from KandyPens is an extremely cost-effective solution to the oftentimes expensive art of dabbing (wax vaporization). The Gravity's advanced coil-less ceramic dish atomizer heats wax more slowly and at a lower temperature than traditional wax pen atomizers, increasing the amount of vape time and the number of hits you will get from a single dab. Constructed from high-quality materials, the Gravity pen features a sandblasted black finish, which exudes sophistication and discretion. It also includes a quartz rod atomizer for enhanced purity and power. Not only will you save money by conserving wax through low-temp dabbing, the Gravity's advanced temperature control battery is covered under an industry-leading lifetime warranty. KandyPens is the only manufacturer to offer such a warranty on a wax pen, which speaks volumes about the quality of their products. For more information on these vaporizers and more, visit VaporNation.1. does god also need money when he wants to buy something in the mall?Probably. He seems to always need money2. why are women so attracked to money?Well Ive had plenty of opportunities to be with rich guys but I choose a dirt poor guy, and hes still dirt poor after 3 years. I still love him...so its not all women okay? Now, money does make you more attractive. Its security for a woman, it means that if I ever loose my job or something happens you can back me up. Or if its too inconvenient for me to work...like if we have kids, I do not have to. A big deal of stress is ridden. Plus, money makes anyone look good (i.e "The Donald") you dress better, you have time to get facials and manicures, there's a relaxed airiness a/b you which is attractive w/ or w/o the money...you know? maybe you do not but I do not know how else to explain it.3. Can i sue this guy for money?As opposed to suing him for lawn furniture? You can ONLY sue for money. So, exactly how much money has this wrong accusation cost you? THAT is the dollar amount you sue for. What did this wrong accusation cost you financially?
I Want Weddings ,but I Not Money.?
i want weddings ,but i not money.?If you do not have money for a wedding. You should not be getting married. Get a job and save up the money until you have enough to move out of your parents house and then consider saving for the wedding— — — — — —How should I carry money in Europe?It takes 10 minutes with a sewing machine and an bit of old bed sheet to make a neck pouch to use under your clothing. I know as I have made several over the years. Or you can buy an 'under the clothes' money belt or neck pouch, even at the airport indeed. In any case, divide the money over several places, do not keep the lot in one place. Take a small (older) purse with a strap that is long enough to go over your left shoulder while you have the purse on your right hip, with the strap going between your backpack and your back. If the leaders of the group do really object, let them carry your money, and be responsible for it. And for the money you do keep in your backpack, keep it somewhere in the main compartment, not in an outer pocket. Muggings are very rare in Europe, but pickpockets are common, alas. So make sure that your passport is in a place where they not (normally) can get at, under your clothes, and that your money can not all be stolen at once.— — — — — —Be honest...if you had the money for name brand diapers.?No because for some reason my daughter is allergic to the name brand stuff.isnt that weird? her half-brothers and sister were too. Shes also allergic to the name brand laundry soap and again the other kids were too. But if she wasnt allergic and i had the money.maybe i actually like the diapers i get her— — — — — —Should I get the money for returnedTake the gift back your self and exchange it for something else in the store. They should at least give you store credit if you bring along the receipt. If your mother makes no attempt to give you the money, absolutely do not ask for it because that would be beyond rude. If you have no receipt and no gift receipt I would just let it go. Try and regift this to someone in the future or maybe donate it to charity. In the future, try and train your mother to give gift receipts up front so that this wo not happen to you again. You are probably particular about your gifts. If you know you will most likely be taking them back anyway, why not make it easier for your self?— — — — — —Any ways to earn money?Well, you can not earn money, but you could volunteer at a nursing home, or a hospital. Sometimes it's not about the money, it's about the amazing feeling you get after you volunteer and talk to people who have no one to talk to— — — — — —Whats a good way to get money fast?You could have a garage sale or you could babysit for your neighbors, or you could do yard work for them (raking, gardening, mowing, etc.), you could go through your closet or garage and find stuff you do not want anymore but think might be worth something and sell it on Ebay. You just have to be creative and think of other possibilities, it might not be super fast, but at least its quicker than waiting for the money to come to you.— — — — — —What was Hitler's opinion on money?If the money was the jews then he loved to take it away sooo— — — — — —Trade my truck for a paid for car and save money?Sure.make the trade, as long as you are sure that your name will be off the loan and title of the truck. Once that is done and you get the car, make sure that you start a savings account or other account, where it is difficult to take out the money, or you will just blow it on other stuff— — — — — —Are expensive diapers worth the money?Well, I have tried a number of different diapers and I have found that the Abena Abri form L4 work the best for me. I am a heavy wetter, so no one particular diaper may work in every situation. That particular brand is very thick, it has the absorbent polymer beads in it that you can not tell are even there and are landfill friendly. Putting that particular diaper's absorbency level into perspective it can hold 8 of those bottles of water that you see everyone carrying around, that's a lot! For the record, I do keep light weight diapers on hand in the event I might be attending a social event and I do not want the bulk. There are myriad brands of light weight diapers out there, you will just have to experiment with them to see what works for you there. But as for the super absorbent high end diapers, I can not seem to justify paying two dollars and sometimes even close to four dollars each for a diaper, they simply are not that good. I hope this has been of some help to you and hopefully will help guide you to the diaper that you are looking for. Good luck to you.Are expensive diapers worth the money?
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