Ok Phil (on Facebook) here we go!
Before I start! The value of Bitcoins against other currencies go up and down. Also the difficulty of mining goes up and down so I’ve just grabbed a day out of one of my test mining accounts.
This one is with Splitit Mining, In this account I have put about £100 worth of Bitcoins. This purchases 1587.50 or so GH/s (giga hashes) of processing power. When I earn Bitcoin with them they deduct the cost of the power to do the processing. This is VERY important if you are doing home mining with your own hardware! So to start with I would stick with an online mining processor.
So here is a day’s mining, actually yesterday 1st April 2017.
As you can see It made 0.00112729 Bitcoins for the day. This is around £1.00 GBP profit! 1% in one day.
Now to add to that – I have a setting on the system to re-invest so when the balance reaches a level where it can increase the GH it will automatically spend the money, this is rather like having cumulative interest on a savings account.
So the figures here do vary but that gives you an idea of where you could go with it. – Remember that the value of the bitcoin changes against other currencies, so in fact when I did this test yesterday it was about £1.20.
Anyway – that gives you an idea!. But it does vary from mining pool to mining pool but I like Splitit because it’s the most professional, it’s not the only one I use and I’ve listed some on the right hand side.
Phil asked about effort, to be honest, there is none, because the computer is doing the work – well setting up I suppose and monitoring if you are a bit OCD about this sort of thing (oh, like me)