Bitcoin Miner Analysis 1.0

What is Bitcoin Miner Analysis 1.0? If you mine bitcoins, or if you are interested in mining them, Bitcoin Miner Analysis is a tool to help you analyze and compare profitability of different commercial mining rigs. I wrote it to help me decide if a particular model would be a worthwhile investment. It also helps me compare units and decide which one is best.   Look around and you will find a bewildering array of bitcoin mining equipment available. Big ones are expensive; small ones are less so. There are older used mining rigs that miners take out of operation to make room for newer faster rigs. There are ads for models still in development and you are asked to front the money for the promise of a miner to come sometime in the future.  How does one compare and decide which is best? How do you know a model is worth the price the seller is asking? Will you recoup your investment should you buy one? What IS your investment when you consider both the purchase price AND operation expenses? Choosing wisely is complicated. These questions are what Bitcoin Miner Analysis helps you answer. Use it to help make wiser purchasing decisions. You can find this Android app on the Google Play Store. It's made for both tablets and phones. To run Bitcoin Miner Analysis, you type in details about the miner in question: purchase price, watts, and gh/s. You also enter the bitcoin price in your local currency; your electricity rate; the number of new coins generated per block; the 'expected lifetime,' which is an amount of time you intend to run the miner; current difficulty, and the difficulty step, which is the monthly percentage step up or down that you anticipate over the miner's lifetime.  With this information, Bitcoin Miner Analysis 1.0  reports the following information: projected total revenue for the lifetime revenue for the first month of the lifetime (daily/monthly) revenue for the last month of the lifetime (daily/monthly) total cost, purchase price plus total electric bill cost per gh/s The app actually runs a month-by-month simulation of the the miner in operation. If it detects the monthly electric bill rising above the monthly income, the app issues a warning and tells you the difficulty level  that triggered the warning as well as the month in which it occurred. This warning is important because it signals the turning point from profits to losses because of increasing difficulty. If later, you decide to purchase the same model, you know you need to watch price and difficulty conditions very closely to avoid falling into a losing proposition.  So make a list of miners you want to consider. Put each one through Bitcoin Miner Analysis. If the model fails the 'lifetime' test, that is, you can't find a lifetime long enough to recoup your investment without getting hit by rising difficulty making revenue fall below your electric bill, then you can scratch that model off the list.  Here are a few final app details: I prefer to use it on a tablet The total display is larger than will fit on a small phone screen, but you can move around the display by swiping The app reports erroneous data entries to assist in making corrections There are no ads, no in-app charges and no invasive user data collection Bitcoin Miner Analysis does not need a phone or wifi connection to operate The program is free. Ready To Download? Take this link to open a new page showing Bitcoin Miner Analysis 1.0 on the Google Play Store.