Description
Pinpointing the precise Bitcoin yield from an S9 miner over its 6-year mining tenure is a challenge due to unforeseeable variables. Nevertheless, leveraging Python enables us to offer a well-informed estimate, considering the time spent mining at 12.5 BTC blocks, the duration at 6.25 BTC blocks, and the dynamic fluctuations in mining difficulty.
This script calculates the total amount of Bitcoin mined by an S9 mining rig over a 6-year period (2016-2022) based on network hashrate data.
Variables
# Core variables
hashrate = 13.5 # Initial hashrate in terahashes per second (TH/s)
seconds_in_a_day = 24 * 60 * 60
initial_reward = 12.5 # Initial block reward in BTC (2016-2018)
final_reward = 6.25 # Final block reward in BTC (2019-2022)
total_days = 6 * 365.25 # Total days in 6 years, including leap years
# Data structures
network_hashrates = [
(811.34, 'P'), (1.03, 'E'), (1.13, 'E'), (1.19, 'E'),
(1.39, 'E'), (1.50, 'E'), (1.53, 'E'), (1.56, 'E'),
(1.73, 'E'), (1.85, 'E'), (2.02, 'E'), (2.27, 'E'), # 2016
# ... (rest of the network_hashrates data)
]
# Tracking variables
total_bitcoin_mined = 0
current_year = 2016
current_month = 1
Main Algorithm
def calculate_bitcoin_mined():
global total_bitcoin_mined, current_year, current_month
for day in range(int(total_days)):
if current_year - 2016 < len(network_hashrates):
update_hashrate()
calculate_daily_bitcoin()
update_date()
else:
break
add_final_reward()
return total_bitcoin_mined
def update_hashrate():
# Update hashrate based on monthly network data
pass
def calculate_daily_bitcoin():
# Calculate daily mined Bitcoin using the formula
pass
def update_date():
# Update year and month as necessary
pass
def add_final_reward():
# Add remaining days with final block reward
pass
Usage
Run the script in a Python environment. The script will output the total amount of Bitcoin mined by the mining rig over the specified period.
Note: To employ this script for determining your miner's earnings over a particular duration, adjust the date range (from Jan 2016 to Dec 2022) to match your desired timeframe. Subsequently, upload the hashrates in the specified format, arranged chronologically, such as (511.34, 'E'). Use 'P' to represent petahash and 'E' for exahash.
Script
# Given values
hashrate = 13.5 # Initial hashrate in terahashes per second (TH/s)
seconds_in_a_day = 24 * 60 * 60 # Total seconds in a day
initial_reward = 12.5 # Initial block reward in BTC for the first 3 years
final_reward = 6.25 # Final block reward in BTC for the remaining 3 years
total_days = 6 * 365.25 # Total number of days in 6 years, accounting for leap years
# Network hashrate data for each month from Jan 2016 to Dec 2022
network_hashrates = [
(811.34, 'P'), (1.03, 'E'), (1.13, 'E'), (1.19, 'E'), (1.39, 'E'), (1.50, 'E'), (1.53, 'E'), (1.56, 'E'),
(1.73, 'E'), (1.85, 'E'), (2.02, 'E'), (2.27, 'E'), # 2016
# ... (rest of the network_hashrates data)
]
# Initialize variables
total_bitcoin_mined = 0
current_year = 2016
current_month = 1
# Loop through every day and calculate total Bitcoin mined
for day in range(int(total_days)):
# Check if the current year is within the range of available data
if current_year - 2016 < len(network_hashrates):
# Update hashrate based on the monthly network hashrate and unit
hashrate_value, hashrate_unit = network_hashrates[current_year - 2016]
hashrate_multiplier = 1e15 if hashrate_unit == 'P' else 1e18 # Convert to TH/s
hashrate = hashrate_value / hashrate_multiplier
total_bitcoin_mined += (hashrate * seconds_in_a_day * initial_reward) / (2 ** 32)
# Check if the current month is within the range of available data
if current_month < 12:
# Increment month and reset if necessary
current_month += 1
if current_month > 12:
current_month = 1
current_year += 1
else:
break # Stop the loop if we run out of network hashrate data
# Add the remaining days with the final block reward
total_bitcoin_mined += (hashrate * seconds_in_a_day * final_reward * (total_days % 365)) / (2 ** 32)
# Print the total amount of Bitcoin mined
print("Total Bitcoin Mined:", total_bitcoin_mined, "BTC")
Results Visualization
