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What is Cryptocurrency Mining?
Let's take a look the mining process and make it easy to understand!
We are dedicated to help you find out what is the quantity of coins your mining machine can make, and what price you can expect from the currencies you are mining. The story is meant to simplify the process, so the actual methodology is more complicated than the calculation we present to you here.

Crypto vs. Real-World Comparison

BLOCK = DIAMOND

ETHER = KARAT

HASHRATE = YOUR PLOWING CAPACITY/ A DAY

NETWORK HASHRATE = YOUR VILLAGE'S PLOWING CAPACITY/ A DAY

BLOCK TIME = FREQUENCY OF FINDING A DIAMOND IN YOUR VILLAGE

PRICE OF ETHEREUM = PRICE OF A DIAMOND
Part 1
A Miner's Story

There once was a village, and the villagers found out there was an abundance of diamonds underground. Each villager grabbed a pickaxe and started mining everyday. The amount of diamond in the ground was plentiful, and the possibility for each villager to find a diamond is the same - no matter where they mine it.

This is Peter. He loves mining.
Peter is smart and he begins to observe the popularity of mining. He wants to figure out the true probability of finding a diamond. He notices that every 20 seconds, someone finds one diamond. This means each day the villagers can expect roughly 4,320 diamonds to be found.

Peter's formula:
(60 seconds * 60 minutes * 24 hours / 20 seconds = 4,320 diamonds)

Peter wants to find more diamonds than the other villagers, so he decides to upgrade his pickaxe to a more efficient and powerful one. The more efficient the pickaxe, the faster he can find a diamond.

However, if every villager realizes it and everyone is upgrading their pickaxes, the overall capacity of the village will increase as well. Peter wants to stay on top and know exactly how many diamonds he can find each day now. He discovers that each day all the villagers plow and mine across 10,000m^2 because he covers 20m^2 himself. This means he is finding 0.2% of all the diamonds in his village.
Since Peter already knows the village is mining 4,320 diamonds each day and Peter's mining accounts for 0.2% of the whole village, he will find roughly 8.6 diamonds each day. If each diamond is 5 karat, he gets 43 karats of diamonds.
Part 2
Calculate Price

The price of coins is based on your expectations, as we can't predict the future either. However, we have collected some articles that may give you an objective view of the future.

Conclusion

Now that you have both parts of the formula: quantity and price, you can forecast your revenue and ROI. Check out the link to our favorite calculator below. Have fun mining!
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