Bitcoin Calculator - Bitcoinwisdom.com - Mining Know-how

ROI "at a glance" formula

I often look a prices for miners and wonder "Is that a good price?" and "Will I make an ROI at all?" I've created a simple formula where you can, at a glance, tell if it's a good price or not. It called it the Profit Ratio
Profit Ratio = Price / MH/s
This formula is not meant to be detailed, but rather it gives you a quick yes or no. If it's a yes, you can then put the numbers your ROI calculator. I highly recommend the one one bitcoinwisdom.com With that said, the formula makes some assumptions/estimate: 1. LTC is used as the coin 2. The value of one LTC is around $8 3. It does not take into account pool or power fees. 4. The price is meant to be a final number, it should include shipping, tax power supplies, accessories, etc. 5. It's based off of getting an ROI after 6 months of mining. 6. It takes into account a difficulty increase of 5% 7. If the market becomes volatile, the target profit ratio number will change.
With the market as it stands today, the target Profit Ratio is 22. The lower the number the better.
Example 1: Gridseed Blade $300 / 5.4 MH/s = 55 This means at the current retail price you will never get an ROI with a Gridseed. You would need to get it for $100 (100/5.4 = 18) to get about a $40 ROI in 6 months.
Example 2: KNC Titan Mini $4,000 / 200 = 20 At the current retail price plus shipping and accessories at 6 months you will get an ROI.
With this formula I looked at the major players in the hashing game (GAW, KNC, Zeus, Innosilicon, Hashra and Gridseed) and not a single miner available today yield an ROI in 6 months. Keep in mind, with rising difficultly, the average time a miner will yield ANYTHING of significance is about 9 months.
So what can make money? The Titan and Vaultbreaker, along with their smaller counterparts are the only device that can yield a return. They aren't going to be in our hands until at least October, so who knows where the market will be then. It's rather sad because mining if a fun hobby where you can make money, but in reality the only ones making a profit are the ones selling you the equipment.
In case you are interested, here is how I created my formula, which will allow you to adjust it in the future. 1. Pick at least 5 mining devices of varying hash rates. 2. Go to the bitcoin wisdom lite coin mining calculator. 3. Plug in all of the specs for your miner, but specifically looking at the cost and the hash rate. 4. The fiat doesn't really matter, so you can pick BTC, LTC or USD 5. Switch to the month view so it's easier to read. 6. Keep dropping the price down until you get a positive number in the Return column 7. Enter the price and the hash rate into a spread sheet. 8. Divide the price by the hash rate for all 5 miners and take the average of that value. 9. This will give you your new Target Profit Ratio
submitted by askprodigi to litecoinmining [link] [comments]

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