<h3>#1</h3>
<p>Difficulty 1 represents a target of (2^256)/(2^32). In other words, you must make 2^32 mining attempts on average to mine a difficulty 1 block.</p>
<h3>#2</h3>
<p>You must figure out what your expenses are, and subtract that from your revenue to get your profit. Remember to include depreciation of your mining equipment.</p>

CC BY-SA 3.0
2017-06-03T22:24:10.090Z
For number two, assuming we were to use the equation I mentioned above, how can we introduce the variable M. That is what I am trying to figure out
user123
CC BY-SA 3.0
2017-06-04T02:16:28.420Z
@user123 What should M represent?
Nick ODell
CC BY-SA 3.0
2017-06-04T18:23:20.710Z
The total number of miners in the system at a specific time, in other words, the total computational power competing to solve a specific block.
user123
CC BY-SA 3.0
2017-06-04T18:55:44.210Z
@user123 That's already captured by difficulty.
Nick ODell
CC BY-SA 3.0
2017-06-03T21:55:39.247Z
2017-06-03T21:55:39.247Z
2020-06-16T11:10:03.350Z
Nick ODell
<p>I am trying to find an equation that can represent an instantaneous estimated mining profit if we were to assume we have M number of miners at that specific instant.</p>

<p>The equations I found so far can be summarized as follows:</p>

<p>D = Difficulty
H = Mhash/s
C = Reward (currently 25 BTC)</p>

<p>24 / (D * 2^32 / (H * 10^6) / 60 / 60) * C = BTC/day</p>

<p>My questions are:</p>

<ol>
<li><p>What does the 2^32 represent because no one really explained it well although mentioned more than once, however lacking explanation.</p></li>
<li><p>How can we introduce M to this equation to an instantaneous estimated profit?</p></li>
</ol>

CC BY-SA 3.0
2017-06-03T20:57:44.423Z
first of all, current reward is 12.5 BTC
NimaNr
CC BY-SA 3.0
2017-06-03T21:03:40.027Z
and second: read here: https://en.bitcoin.it/wiki/Difficulty#What_is_.22difficulty.22.3
NimaNr
CC BY-SA 3.0
2017-06-03T22:45:19.657Z
@NimaNr what about how to add the variable M
user123
<mining-profitability>
What is the profit when mining BTC with a known number of miners
user123
# What is the profit when mining BTC with a known number of miners

(Asked by: username_0 on 2017-06-03)

I am trying to find an equation that can represent an instantaneous estimated mining profit if we were to assume we have M number of miners at that specific instant.

The equations I found so far can be summarized as follows:

D = Difficulty
H = Mhash/s
C = Reward (currently 25 BTC)

24 / (D \* 2^32 / (H \* 10^6) / 60 / 60) \* C = BTC/day

My questions are:

1. What does the 2^32 represent because no one really explained it well although mentioned more than once, however lacking explanation.
2. How can we introduce M to this equation to an instantaneous estimated profit?

**Tags:** mining-profitability

> **Comments:**
> **username_1**: first of all, current reward is 12.5 BTC  
> **username_1**: and second: read here: https://en.bitcoin.it/wiki/Difficulty#What_is_.22difficulty.22.3  
> **username_0**: @username_1 what about how to add the variable M  

---

## 1 answers

### Answer by username_2 on 2017-06-03. Score: 0

### #1

Difficulty 1 represents a target of (2^256)/(2^32). In other words, you must make 2^32 mining attempts on average to mine a difficulty 1 block.

### #2

You must figure out what your expenses are, and subtract that from your revenue to get your profit. Remember to include depreciation of your mining equipment.

> **Comments:**
> **username_0**: For number two, assuming we were to use the equation I mentioned above, how can we introduce the variable M. That is what I am trying to figure out  
> **username_2**: @username_0 What should M represent?  
> **username_0**: The total number of miners in the system at a specific time, in other words, the total computational power competing to solve a specific block.  
> **username_2**: @username_0 That's already captured by difficulty.  

---

