Bitcoin mining difficulty increase rate formula

Average block generation time of 2016 blocks. Block generation time is also known as confirmation time. Average block generation bitcoin mining difficulty increase rate formula of 1008 blocks. Bitcoin mining is a highly volatile investment who’s returns can vary drastically on a daily basis.

Other factors that cannot be accurately quantified such as network difficulty and hashrates will impact your returns. Neither we, nor anyone else, can guarantee returns, the above mentioned calculator is for information purposes only. Please note that revenue is considered without consideration of bonuses. You can learn more about the calculator by following the link. Why Ice Rock Mining is the future of mining? Ice Rock Mining is here to bring bitcoin mining to the investment world. We believe bitcoin has a long and significant role in the new monetary system that is forming.

Ice Rock’s mining facility is located in a former soviet military bunker. It’s natural constant temperature is 12 celcius, this reduces power costs dramatically as we do not need to cool the facility. Moreover, our power costs are . 03 cents per kilowatt hour, a very low cost of energy. We have no mortgage or rent to pay on our facility as it is owned free and clear by Ice Rock’s ceo, Malik Murzashev.