RandomCrypto’s new BTC mining modeler visualizes the unprofitability of major ASICs
Lowering Mining’s Barriers of Entry

Even as the mining ecosystem has professionalized with the rise of industrial-scale hardware deployments, crypto tools and services have barely changed — they remain clunky and simplistic, often grossly overpromising returns, as with the GMO B2.

“Calculating long-term mining ROI isn’t a straightforward extrapolation of a constant daily reward, which is unfortunately how almost all current calculators work. Mining difficulty continuously varies based on network hashrate, which is emergent from complex economics and network dynamics,” says CTO Ethan Bian.

Independently verifying manufacturer claims is also challenging, since existing calculators are often sponsored by manufacturers and hosting services themselves, who may have little incentive to make more truthful projections. As networks have matured and the amount of resources poured into mining has continued to increase, this is increasingly becoming a problem, as Bian explains:

“Mining has become a high-stakes game involving billions of dollars (USD) of value, and the more difficulty rises, the harder it is for smaller-scale miners to compete; not a good sign for a healthy, decentralized system. The misleading data from most calculators has perpetuated this environment — while large-scale operators can rely on internal resources to model ROI accurately, this is an expensive and slow process which disincentives small-scale miners from participating. Our modeling tool is a crucial step in the direction of information parity, allowing small-scale miners to make decisions the same way bigger players do.”

RandomCrypto’s Commitment to Cryptocurrency Network Health

Cryptocurrencies rely on distributed verification to maintain trust, and unequal access to resources can exacerbate unbalanced network ownership. RandomCrypto believes the development of professional, public, and verifiable tools is essential for keeping mining democratic and maintaining network health.

Calc is the first of many tools RandomCrypto plans to launch to bring clarity and trust to cryptocurrency. It can be used for free today at calc.randomcrypto.org.
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['Technology', 'Modeling', 'Mining', 'Cryptocurrency', 'Bitcoin']