Dash mining fotmula

[bas]

Hi,

Say given a hash rate of 1000MH/s, difficulty = 303000, block reward = 1.8, block time = 156.

What is the estimated amount of dash mined in one hour.

I am aware of websites that offer calculations, however, these don't show the formula used for that.

I guess for BTC mining you can approximate mined coins using

amount_btc = 60 * 60 * block_reward * hashrate / (difficulty * 2^32)

 

[TroyDASH]

Hi,

Say given a hash rate of 1000MH/s, difficulty = 303000, block reward = 1.8, block time = 156.

What is the estimated amount of dash mined in one hour.

I am aware of websites that offer calculations, however, these don't show the formula used for that.

I guess for BTC mining you can approximate mined coins using

amount_btc = 60 * 60 * block_reward * hashrate / (difficulty * 2^32)

The average block time is about 2.5 minutes (the difficulty and hash rate averages this equilibrium)
Current block reward is 1.8 dash to miners (45%), 1.8 dash to masternodes (45%) = 3.6 dash
(3.6 dash block reward / 2.5 minutes per block ) * 60 minutes per hour = 86.4 dash per hour. Or 96 dash per hour if you include the 10% for the budget which is paid monthly

 

[bas]

The average block time is about 2.5 minutes (the difficulty and hash rate averages this equilibrium)
Current block reward is 1.8 dash to miners (45%), 1.8 dash to masternodes (45%) = 3.6 dash
(3.6 dash block reward / 2.5 minutes per block ) * 60 minutes per hour = 86.4 dash per hour. Or 96 dash per hour if you include the 10% for the budget which is paid monthly

Thanks for the explanation. Right, 86.4 dash per hour is distributed to miners.The network hash rate now is 9.7TH/s , as such a hashrate of 1000MH/s should give the miner 86.4 * 1000e6/9.7e12 = 0.0087 dash per hour

is this correct?

 

[TroyDASH]

Thanks for the explanation. Right, 86.4 dash per hour is distributed to miners.The network hash rate now is 9.7TH/s , as such a hashrate of 1000MH/s should give the miner 86.4 * 1000e6/9.7e12 = 0.0087 dash per hour

is this correct?

Oh you mean dash per hashrate hour (as opposed to all miners in the aggregate)? Yes that's the right idea -- but slash that final number in half, because half of that 86.4 goes to masternodes.

 

[TanteStefana]

cut that back again because it turns out that the actual number of blocks found in a day is not 576 (60/2.5 x 24) but rather closer to 550.