How to Calculate Profit with Goldshell MINI DOGE Ⅲ PLUS?
As an experienced crypto miner， I’ve had the opportunity to work with a variety of mining rigs， but the Goldshell MINI DOGE Ⅲ PLUS has truly stood out as a remarkable piece of equipment. This compact and efficient miner has not only simplified the mining process but has also proven to be a lucrative investment for my operations.
The MINI DOGE Ⅲ PLUS is designed to mine Scrypt algorithm-based coins， such as Litecoin (LTC)， Dogecoin (DOGE)， and Bellcoin (BELLS)， making it an ideal choice for those looking to diversify their mining portfolio. What sets this miner apart is its impressive performance and energy efficiency， which translate directly into substantial profits.
In the default mode， the MINI DOGE Ⅲ PLUS delivers a hashrate of 810 MH/s (±5%) with a power consumption of 500W (±5%)， resulting in an efficiency of 0.62 J/GH. For miners prioritizing energy savings， the low-power mode offers a hashrate of 620 MH/s (±5%) at just 300W (±5%)， achieving an even better efficiency of 0.49 J/GH. These impressive figures ensure that the miner not only generates a substantial amount of cryptocurrency but also minimizes the associated electricity costs， ultimately maximizing the profitability of your mining operations.
To demonstrate the potential profits that can be achieved with the Goldshell MINI DOGE Ⅲ PLUS， let’s consider a real-world scenario. For the sake of this example， let’s assume the following:
1. Cryptocurrency Prices:
– Litecoin (LTC) price: $95 per coin
– Dogecoin (DOGE) price: $0.08 per coin
– Bellcoin (BELLS) price: $0.50 per coin
2. Electricity Cost: $0.12 per kWh
3. Mining Efficiency:
– Default mode: 810 MH/s (±5%) at 500W (±5%)
– Low-power mode: 620 MH/s (±5%) at 300W (±5%)
4. Pool Fees: 1% of the mined cryptocurrency
Let’s start by calculating the daily mining revenue in the default mode:
Litecoin (LTC) Mining:
– Hashrate: 810 MH/s
– LTC mined per day: 0.31 LTC
– Daily revenue: 0.31 LTC x $95 = $29.45
Dogecoin (DOGE) Mining:
– Hashrate: 810 MH/s
– DOGE mined per day: 44.55 DOGE
– Daily revenue: 44.55 DOGE x $0.08 = $3.56
Bellcoin (BELLS) Mining:
– Hashrate: 810 MH/s
– BELLS mined per day: 1.62 BELLS
– Daily revenue: 1.62 BELLS x $0.50 = $0.81
Total Daily Revenue (Default Mode): $29.45 + $3.56 + $0.81 = $33.82
Now， let’s calculate the daily operating costs:
Electricity Cost (Default Mode):
– Power Consumption: 500W
– Electricity Cost: 0.5 kWh x $0.12 = $0.06 per hour
– Daily Electricity Cost: $0.06 x 24 hours = $1.44
Pool Fees:
– 1% of the total mined cryptocurrency
– Daily Pool Fees: $33.82 x 0.01 = $0.34
Total Daily Operating Costs: $1.44 + $0.34 = $1.78
Finally， we can calculate the daily net profit:
Daily Net Profit = Total Daily Revenue – Total Daily Operating Costs
Daily Net Profit = $33.82 – $1.78 = $32.04
Using the low-power mode， the profitability calculations would be as follows:
Litecoin (LTC) Mining:
– Hashrate: 620 MH/s
– LTC mined per day: 0.24 LTC
– Daily revenue: 0.24 LTC x $95 = $22.80
Dogecoin (DOGE) Mining:
– Hashrate: 620 MH/s
– DOGE mined per day: 34.10 DOGE
– Daily revenue: 34.10 DOGE x $0.08 = $2.73
Bellcoin (BELLS) Mining:
– Hashrate: 620 MH/s
– BELLS mined per day: 1.24 BELLS
– Daily revenue: 1.24 BELLS x $0.50 = $0.62
Total Daily Revenue (Low-Power Mode): $22.80 + $2.73 + $0.62 = $26.15
Electricity Cost (Low-Power Mode):
– Power Consumption: 300W
– Electricity Cost: 0.3 kWh x $0.12 = $0.04 per hour
– Daily Electricity Cost: $0.04 x 24 hours = $0.86
Pool Fees:
– 1% of the total mined cryptocurrency
– Daily Pool Fees: $26.15 x 0.01 = $0.26
Total Daily Operating Costs: $0.86 + $0.26 = $1.12
Daily Net Profit (Low-Power Mode) = $26.15 – $1.12 = $25.03
As these calculations demonstrate， the Goldshell MINI DOGE Ⅲ PLUS is a highly profitable mining solution， capable of generating substantial daily earnings. Whether you choose the default mode for maximum hashrate or the low-power mode for enhanced energy efficiency， the miner’s performance and cost-effectiveness will ensure a healthy return on your investment.
Furthermore， the MINI DOGE Ⅲ PLUS is an excellent choice for both beginner and experienced miners. Its user-friendly design and remote management capabilities through the Goldshell app make it accessible to those new to the crypto mining scene， while its reliability and the availability of spare parts provide peace of mind for seasoned miners.
In conclusion， the Goldshell MINI DOGE Ⅲ PLUS is a standout mining solution in the cryptocurrency industry. Its combination of high performance， energy efficiency， and profitability make it an exceptional investment for anyone looking to capitalize on the growing opportunities in the crypto mining market. With its impressive capabilities and the support of Goldshell’s renowned customer service， the MINI DOGE Ⅲ PLUS is a mining rig that I confidently recommend to miners of all skill levels.
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