Mining Profitability – Daily Mined BTC Calculation

There are two ways to calculate profitability estimates:

144 blocks are expected per day, giving a subsidy of ₿6.25 each. A total of 900 new Bitcoins are expected to be released per day. Your miner runs at 110TH/s (1.1×10¹⁴ h/s). The mining pool currently self-reports a total hash rate of 525.35EH/s (5.2535×10).²⁰ H/S).
expected profit R It is a percentage of the total reward equal to the percentage of the hash rate.

R / 900 ₿ = 110 TH/s / 525.35 EH/s  
R = 900 ₿ × 1.1E14 / 5.2535E20  
R = 90,000,000,000 sats × 1.1 / 5,253,500  
R = 18,844.6 sats

Obviously, this will increase due to the fees collected by these blocks and the increase in block production that we will mostly see.

H    your hashrate in Hash/s
D    the current difficulty
S    the block subsidy
R    your revenue per day

Finding a block takes an estimated D×2.⁴⁸/65,535 hashes. The current difficulty level is 67,305,906,902,031. A day has 60×60×24 = 86,400 seconds.

R = H × seconds_per_day × S / (D×2^48/65,535)
R = H × 86,400 × S × 65,535 / (D×2^48)
R = 1.1e14 H/s × 3600×24 s × 6.25 ₿ × 65,535 / (67,305,906,902,031×2^48) = 0.000205479 ₿
R = 20,457.9 sats

Here we used the current subsidy for block rewards, but this currently needs to be adjusted by collecting a sizable expected fee. Checking my calculations against the results of Nicehash’s profitability calculator shows that the above estimates are in the right ballpark, considering the recent significant commissions.