Ethereum Tutorials - Herong's Tutorial Examples - v1.05, by Herong Yang
Archived: Calculate Rewards with ethereumfaucet.info
This section describes how to calculate rewards with ethereumfaucet.info.
While my browser is generating hashes to make Ether money, let's calculate my reward and see how much I can make per hour.
Based on the statistics, here is how many hashes a can generate with my Chrome browser on my home computer with 4 threads.
Hashrate: 18 hashes / second = 1,080 hashes / minute = 64,800 hashes / hour
Here is the payout rate given by ethereumfaucet.info:
Payout rate: 9,100 gwei / 1,000,000 hashes
So my hour payout will be:
Hourly payout: Hashrate * Payout rate = (64,800 hashes / hour) * (9,100 gwei / 1,000,000 hashes) = 589.68 gwei / hour = 0.000000589.68 Ether / hour
Finally, convert to US dollars:
Hourly payout in USD: Hourly payout * USD exchange rate = (0.000000589.68 Ether / hour) * 700.00 USD / Ether = 0.000412776 USD / hour
Too bad. My computer can only make 0.0004 USD per hour, or about 0.01 USD per day.
So I stopped the mining. It's not worth the effort!
Table of Contents
64-Bit "geth" for Private Ethereum Network
Private Network with Custom Genesis Block
Transferring Funds between Ether Accounts
MetaMask - Browser Based Ethereum Wallet
Mining Ether with Your Computer
Archived: Install MetaMask Extension for Chrome in 2018
Archived: Setup MetaMask Extension for Chrome in 2018
Archived: One Account for All Ethereum Networks in 2018
Archived: Get Free Ether from faucet.ropsten.be
Archived: ethereumfaucet.info - Mining with Browser
Archived: Register Account at ethereumfaucet.info
Archived: Generate Hash for at ethereumfaucet.info