<p>If you already have the hardware and do not pay for your power consumption, then it follows that you would always have 100% profit. If you pay for your own power consumption, you need to be aware that performing mining calculations all day will significantly increase your computer's power usage in comparison to being idle.</p>

<p>I haven't checked the validity of the calculator, but you can calculate your potential mining yield from your mining power and the current difficulty.</p>

<p>Check out <a href="https://bitcoin.stackexchange.com/a/135/5406">this answer</a> on <a href="https://bitcoin.stackexchange.com/q/118/5406">How much Bitcoin will I mine right now with hardware X?</a> for a formula.</p>

<p>Then, it depends on whether it is actually possible to sell the coins that you gained (whether there is a market for it), and whether the above information is acurate, otherwise, it might well be possible to make a good amount of money mining altcoins.</p>

CC BY-SA 3.0
2014-09-05T14:09:41.167Z
I'm just finding it hard to believe that I can make $100 per day with my 270x. I'm at work and forgot to set up teamviewer this morning, but I'll try my hand at mining altcoins tomorrow/later tonight.
slow_excellence
CC BY-SA 3.0
2014-09-05T14:06:39.360Z
2014-09-05T14:23:29.047Z
2017-04-13T12:47:33.610Z
Murch
<p>I've been researching altcoins and keep coming across some staggering figures. I think it's just too early to do math, but if I were to farm novacoins for example <a href="http://www.coinwarz.com/calculators/novacoin-mining-calculator" rel="nofollow">calculator here</a> and I have pretty much no cost (0 power and 0 hardware), my rig can run 500-600 Mhash/s (aka 500,000-600,000khash/s since that's what the calc uses), lets ignore difficulty increase. The calculator says I can make ~$100 PER DAY. This can't be right, can someone figure out what I'm doing wrong here?</p>

CC BY-SA 3.0
2014-09-05T14:04:44.630Z
Closely related: [How much Bitcoin will I mine right now with hardware X?](http://bitcoin.stackexchange.com/q/118/5406)
Murch
CC BY-SA 3.0
2014-09-05T14:07:19.020Z
Well it sort of is related but with the difficulty right now it's not logical. Im mostly trying to figure out if I flubbed my math, am crazy, or should quit my day job.
slow_excellence
CC BY-SA 3.0
2014-09-05T14:09:44.003Z
NVC uses Scrypt as it's hashing algorithm, like LTC. If that 500-600 MH/s figure is for Bitcoin, your speed will be significantly lower for NVC.
Murch
CC BY-SA 3.0
2014-09-05T14:20:42.907Z
I edited it for you. I should note that my hardware is still rated for about 500 Mh/s according to the litecoin wiki.
slow_excellence
CC BY-SA 3.0
2014-09-05T15:00:36.313Z
There is nothing in the Litecoin wiki list https://litecoin.info/mining_hardware_comparison that does 500 Mhash/sec. The entries in that table are in Khash/sec and the largest entry is 1500. I bet your machine actually does 500 Khash/sec meaning you will earn about 10 cents per day.
Nate Eldredge
CC BY-SA 3.0
2014-09-05T16:32:10.640Z
Then, I guess we could delete this, as it is too localized and unlikely to help anyone else?
Murch
<alternatives><mining-profitability>
Calculating the mining profitability of Novacoin
slow_excellence
# Calculating the mining profitability of Novacoin

(Asked by: username_0 on 2014-09-05)

I've been researching altcoins and keep coming across some staggering figures. I think it's just too early to do math, but if I were to farm novacoins for example [calculator here](http://www.coinwarz.com/calculators/novacoin-mining-calculator) and I have pretty much no cost (0 power and 0 hardware), my rig can run 500-600 Mhash/s (aka 500,000-600,000khash/s since that's what the calc uses), lets ignore difficulty increase. The calculator says I can make ~$100 PER DAY. This can't be right, can someone figure out what I'm doing wrong here?

**Tags:** alternatives, mining-profitability

> **Comments:**
> **username_1**: Closely related: [How much Bitcoin will I mine right now with hardware X?](http://bitcoin.stackexchange.com/q/118/5406)  
> **username_0**: Well it sort of is related but with the difficulty right now it's not logical. Im mostly trying to figure out if I flubbed my math, am crazy, or should quit my day job.  
> **username_1**: NVC uses Scrypt as it's hashing algorithm, like LTC. If that 500-600 MH/s figure is for Bitcoin, your speed will be significantly lower for NVC.  
> **username_0**: I edited it for you. I should note that my hardware is still rated for about 500 Mh/s according to the litecoin wiki.  
> **username_2**: There is nothing in the Litecoin wiki list https://litecoin.info/mining_hardware_comparison that does 500 Mhash/sec. The entries in that table are in Khash/sec and the largest entry is 1500. I bet your machine actually does 500 Khash/sec meaning you will earn about 10 cents per day.  
> **username_1**: Then, I guess we could delete this, as it is too localized and unlikely to help anyone else?  

---

## 1 answers

### Answer by username_1 on 2014-09-05. Score: 1 | Accepted answer

If you already have the hardware and do not pay for your power consumption, then it follows that you would always have 100% profit. If you pay for your own power consumption, you need to be aware that performing mining calculations all day will significantly increase your computer's power usage in comparison to being idle.

I haven't checked the validity of the calculator, but you can calculate your potential mining yield from your mining power and the current difficulty.

Check out [this answer](https://bitcoin.stackexchange.com/a/135/5406) on [How much Bitcoin will I mine right now with hardware X?](https://bitcoin.stackexchange.com/q/118/5406) for a formula.

Then, it depends on whether it is actually possible to sell the coins that you gained (whether there is a market for it), and whether the above information is acurate, otherwise, it might well be possible to make a good amount of money mining altcoins.

> **Comments:**
> **username_0**: I'm just finding it hard to believe that I can make $100 per day with my 270x. I'm at work and forgot to set up teamviewer this morning, but I'll try my hand at mining altcoins tomorrow/later tonight.  

---

