Mining-Profit  >  About

Short history:

I’ve been into Bitcoin mining for a long time and am highly interested in everything that happens within the Bitcoin community. I once created a calculator that quite precisely predicted profit from Bitcoin mining. It was a simple script, which I launched on a console, available only for me, and it was not very handy for usage.
Later I finalized algorithms on collecting and counting data, wrapped my scripts into a web-interface and posted it to the web.
This is how appeared.

For whom is it?

This calculator will be useful for those, who mine Bitcoins and want to evaluate their risks and possible revenue in a right way. And especially for those, who are into Cloud Mining or trades at CEX.IO.
By the way, I also took the maintenance fee calculation formula from their website.
The tool will be also helpful for ordinary miners, because in order to calculate the expected profit, one should just know the number of GHS on his device.

How does it work?

To count profit from mining, I used precise formulas, proven by me in practice. Computations for the current difficulty are almost 100% correct.
Forecasting difficulty growth and USD/BTC rate are based on statistical data and history of these values.
The calculator counts each day separately, putting them later into monthly stats and overall summary.

Plans and development:

I've got lots of ideas on how to improve this project. I am currently working on Extended Statistics section and real-time graphs. But since I am not able to dedicate all my free time only to this project, it turns out not so fast.

If you like the idea and want to support my Profit Calculator development, I'd be glad to receive your donations onto this Bitcoin address: 14YayjmVdHJhV9Ato3FUASz8C7DDmDu2zw

Please send all your comments, questions and suggestions here: [email protected]