Using the calculator above, you can calculate that the expected value for this wager is $7. What is the deple; A coal mine expected to contain 6. As a formula, it’s defined (Hill, 2012) as: RAE = mean of the absolute value the actual forecast errors / mean of the absolute values of the naive model’s forecast errors. $$The poster asks how to calculate the expected value. To calculate the expected frequency of each cell in the table, we can use the following formula: Expected frequency = (row sum * column sum) / table sum. 560. Multiply each value times its respective probability. For example, You buy one $10 raffle ticket for a new car valued at $15,000. To use the calculator simply input the odds offered by the sports book then enter the probability of the event happening. On July 1, 2022, Blue Spruce Corp. Completion of the transaction is expected to occur in the first half of 2024. This video explains how to calculate the expected value of winning a game. . The first line of The EV calculator is the “expected profit” Should I plug in $400? that’s the pot $240 + cbet of$160 . 11 + 4*0. Asset NAV is the value of the company’s assets, which in mining is its mines. In information theory, entropy is a measure of the uncertainty in a random variable. So with E V = $ 0. To apply the Chi-Square Test for Normality to any data set, let your null hypothesis be that your data is sampled from a normal distribution and apply the Chi-Square Goodness of Fit Test. A higher grade means that the ore has a higher density of gold. The expected value, denoted E [ X], of a discrete random variable X, with a finite number possible outcomes { x 1, x 2,. 4. if and are random matrices. It gives you the easiest way to calculate and find expected value of stats questions. The idea that Bitcoin incentives long-term planning is especially true in mining. It means that you need to put $2000 on that account today to have $2200 twelve months from now. Most profitable GPUs currently on the market and soon to be released. Alma has used the estimates provided by Dan to determine the revenues that could be expected from the mine. Once again, you could think about it as, OK, there is a 25% chance that he pays $1,000, and then there is a 45% chance that he pays $2,500. He has estimated that the mine would be productive for eight years, after which the gold would be completely mined. She has also projected the expense of opening the mine and the annual operating expenses. For a random variable, denoted as X, you can use the following formula to calculate the expected value of X2: E (X2) = Σx2 * p (x) where: Σ: A symbol that means “summation”. This is much better than the initial value of 49%. Uncertainty is intrinsic to mine design and planning and introduces risk into the process. Enter the odds. Live income estimation of all known ASIC miners, updated every minute. 5 million tons of ore and to have a residual value of $ 1 $1 million. 9. Calculate precious metal dimensions, weights and purity. Required: Using the above information compute:2 days ago · A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews. The estimated recovery value (ERV) is calculated as the recovery. Your individual mining profitability may vary. 5 + . The probability of all possible outcomes is factored into the calculations for expected value in order to determine the expected outcome in a random trial of an experiment. Type(s) of related input data or knowledge needed and their possible source(s)The Expected Monetary Value associated with each risk is calculated by multiplying the probability of the risk with the impact. Search our database of more than 200 calculators. + xnP(xn) E(X) = μx = n∑i=1xi ∗ P(xi) where; E(X) is referred to as the expected value of the random variable (X) μx is indicated as the mean of X. Expected value calculator is a tiny but powerful statistics calculator. 79 billion. To do this, you need to know annual output of the proposed mine, proposed. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated. P(xi) is indicated as the probability of the outcome xi. ∑ (xi * P (xi)) = x1 * P (x1) + x2 * P (x2) +. FAQs on BTC Mining Calculator. The mine is expected to have zero residual value. , of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. 649K: RVN block reward: 2,500. Errors can occur, so your. The salvage value of the land is expected to be $250,000. The values are the expected gain or loss, multiplied by the odds or frequency of that happening (how often will you win or lose). This is a calculator that computes the expected value and standard deviation from a probability distribution table. Door 2 leads back to the mine in 5 hours. Our goal is to make as many +EV decisions as possible. The report said that the global mine supply for this year is expected to be 5. Then use the formula. The calculator also estimates the insitu rock value and total contained metal. The formula for expected value (EV) is: E(X) = μx = x1P(x1) + x2P(x2) +. The total coal expected to be extracted from the mine is 35,000 tons. Join now. Add the last column x * P ( x) to get the expected value/mean of the random variable X. Remember, the expected value of a probability distribution is a statistical measure of the average (mean) value expected to occur during all possible circumstances. 62262 and 34. 25 9% 12% Weak 0. 31 g/t Au over 8. read more of a series of random values we can derive by using the following steps: Firstly, determine the different. Example variogram showing the nugget, range and sill. This means the partial value for each month is $310. 33 × N. 1. The time value of money concept is the basis of discounted cash flow analysis in finance. These figures vary based on the total network hash rate and on the BTC to USD conversion rate. Do you think you've got what it takes to join the tough world of cryptocurrency mining? Find out what. Then click Calculate mining profit. Here is an example of how to calculate expected frequencies. This expected value formula calculator finds the expected value of a set of numbers or a number that is based on the probability of that number or numbers occurring. Next, determine the expected cost ($). The Binomial Distribution Expected Value calculator computes the expected value based on the success rate (p) and the number of trials (n). 33 { m EV} = $0. mine: [pronoun, singular or plural in construction] that which belongs to me. In order to select the right project, you need to calculate the expected value of each project and compare the values with each other. 2 = 2. e. Disclaimer: Results from mining calculator are estimation based on the current. The structures will be torn down. 6 & 3. 45 Example 3: Expected Value. Record the entry for purchase of the mine. 93 or 93%. Expected Value for Multiple Events. Expected number is: 6. We've included presets for the most popular games like Powerball, Mega Millions, Pick3, Pick4, Hot Lotto, Euromillions, Lucky for Life and Thunderball. 70 USD was used. 00 RVN at $0. 65 XMR at $159. The game is played on a 5x5 grid. #2) NiceHash. There are several different ways to value a junior miner’s gold in the ground: @Investment Insights. Number of events occurred, n (E): Number of possible outcomes, n (T):Most mining companies have made a full recovery, and the industry finished 2020 with an impressive one-year median TSR of 26%. Financial Decision Decision INVEST !!! MIRR > R 16. Get insight into crypto mining market with minerstat profitability calculator. As the pool size continues to increase, the expected value converges toward the standard Quick Pick method, but the expected value of our scheme is always larger than that of the standard Quick Pick method,. Arizona tops the list of mineral-producing states, with $10. In Year 1, it mined 689,000 tons of ore and in Year 2, it mined 935,000 tons. Expected Value. 074 or 7. It gives you the easiest way to calculate and find expected value of stats questions. E (X) denotes to Expected Value. E ( X) = μ = ∑ x P ( x) = 0 + . I have made a simple calculator here: Its very easy to use to calculator just enter the number of mine (s) in the mine (s) box and diamond (s) in the diamond (s) box , then hit calculate. Errors can occur, so your. 11%. How to calculate expected values? The Profitability calculator is a tool that lets you check the potential earnings of your hardware. Before stating an important special case of Theorem 3. The mine has an annual copper equivalent production capacity of 50 to 65 thousand tonnes with a near term expansion to 135 to 155 thousand tonnes. ASIC monitoring With ASIC Hub, you can monitor and manage your Antminer, Avalon, Whatsminer, Innosilicon, and other major ASIC brands with ease. Graph functions, plot points, visualize algebraic equations, add sliders, animate graphs, and more. 0. This is true of most lotteries in real life, buying a lottery ticket is just an example of our bias towards excessive optimism. CryptoCompare is another excellent mining calculator. NPV formula. , registration number: 145353, registered address: Korporaalweg 10, Willemstad, Curaçao. CAPM Formula. 0313 PH/s: IRON difficulty: 120. Yeah, the numbers seem pretty correct. For a given number of events x, the function takes a value of P(X = x) (coordinates of points in the plot), while its shape depends only on the rate parameter, λ. Expected Value = [value of outcome] [odds of outcome] Inside the Brackets: Calculate these first. 1, a word of caution regarding order of. All you need to do is: Select the shape of the diamond from the drop-down menu. ASIC monitoring With ASIC Hub, you can monitor and manage your Antminer, Avalon, Whatsminer, Innosilicon, and other major ASIC brands with ease. The EV can be calculated in the following way: EV (Project A) = [0. 2 0. Step 2: Numerically enter all values and separate them with commas. Smart Gambling Edge Stake Mines Game Calculator v1. 5) + ($200 × 0. The state of Arizona accounted for around 70% of domestic copper production in 2022, and as a result also produces large amounts of molybdenum as a byproduct. The expected value is determined. 03 USD Mining Rig Rentals SHA-256. You can also view statistics of answers with steps by using this calculator. µx is the value of mean. In 2021-2022, 97% of Colorado School of Mines' full-time beginning undergraduates received grant/scholarship aid. 5MT in 2019, a 7% increase from the previous year’s 7Mt. 20GB: RVN epoch: 410: RVN 24h volume:. Bullock Mining has a 12 percent required return on all of its gold mines. 27 with an ROI of 14. Ultimately, money is our way of assigning a number to value. 00 KH/s consuming 280 watts of power at $0. RandomX mining calculator. Ideal for students and professionals alike, it's perfect for forecasting outcomes and making informed, data-driven decisions. A coin toss is always the easiest example — the fair odds of a coin toss are 50/50 or +100. So in the formula discussed above, we need two things: observed values and expected values. The probability of the ‘most likely’ total value (74,050) is 0. And to convert the 1. e. 02 = 1. Based on these rough figures, there is about 20% still to be mined. VIEW ALL DEVICES. Include coins with alerts. Informally, the expected value is the arithmetic mean of a large number of independently selected outcomes of a random variable. The expected cash flows each year from the mine are shown in the nearby table. What's the expected length of time until he reaches safety? Homework Equations X = amt of time until the miner reaches safety, Y = number of door that he initially chooses. Find out more hashrate, consumption. where n is the number of draws, K is the number of blue marbles and N is the number of all marbles in the bag. NPV is used in capital. invested $689,920 in a mine estimated to have 784,000 tons of ore of uniform grade. The present value of the restoration cost is estimated to be $80,000. -110), and win probability (e. 29 USD | Difficulty: 64. 11 USD Binance BTC. This paper presents a. 4%. The discounted cash flow allows for the accumulation of expected interest earned on a sum. This expected value calculator helps you to quickly and easily calculate the expected value (or mean) of a discrete random variable X. 14. 100), odds (e. 25 BTC at $37,231. To compute an asset's expected return under a range of possible circumstances (or states of nature), multiply the anticipated return expected. Net smelter return. Cap rate = NOI/Value or 145/900=16. Expected value (EV) is how much your bet is expected to return, typically shown as a percentage or return on investment (ROI). Mine Production Rate - The white cells are User input cells. Even in this situation, he only has to pay the first $2,500, times $2,500 gets us to $8,875. xlsx (MS Excel) Other Resources:Yes, the expected value can be negative. Definition (informal) The expected value of a random variable is the weighted average of the values that can take on, where each possible value is weighted by its respective probability. Join minerstat and stop checking by hand. outer() function on row total and column total. The expected value formula is this: E (x) = x1 * P (x1) + x2 * P (x2) + x3 * P (x3)…. This Expected Return Calculator is a valuable tool to assess the potential performance of an investment. The creation of a simple ‘ore loss and dilution’ calculator in Excel is a good first step - see the example below . Figure 1 — Graph showing annual operating cost for 25 cm of dilution for a typical narrow vein mine (assumes unit dilution direct operating cost at $25 per metric ton (mt) and 500,000 mt/y). Expected value = E P (Xi) * Xi. The expected value of a game of chance is the average net gain or loss that we would expect per game if we played the game many times. Sum of its associated probability multiplied with All possible outcomes. 31. D is the market value of the company's debt,x: Data value; P(x): Probability of value; For example, the expected number of goals for the soccer team would be calculated as: μ = 0*0. What we can predict is what will happen if the gambler continues to play the game many times. Step 2: Enter all values numerically and separate them by commas. Live income estimation of all known ASIC miners, updated every minute. So by the chi-square test formula for that particular cell in the table, we get; (Observed – Expected) 2 /Expected Value = (90-80. Given your mean and standard deviation, you will need to calculate the expected values under the normal distribution for every data point. At last, dividing the output of the np. Earn 1000 EUR per month with this mining rig! NVIDIA RTX 3060 Ti is becoming very popular on NiceHash! That is why we assembled a mining rig with 10x NVIDIA RTX 3060 Ti. Every mine. Record the entry for purchase of the mine and equipment. Live income estimation updated every minute. INSTRUCTIONS: Enter the following: (p) This is the success rate(n) This is the number of trials. Finance questions and answers. Expected Value: The calculator returns the expected value. Ideal for students and professionals alike, it's perfect for forecasting outcomes and making informed, data-driven decisions. E(R m) is the expected return of the market,. The land will be worth $2,400,000 without the ore after 8 years of active mining. Sign up for minerstat today and let us help you manage and optimize your mining operations. calculate gross return, Internal Rate of Return IRR and net cash flow. Since we are not given the probability of the numbers, we will go ahead with the. Cost per unit of activity = $(300000/1400000) = $0. 5Mt of ore processed each year, using the formula stated above, we multiply it by the grade of 2. Colorado School of Mines Financial Aid Office 1301 19th Street Golden, CO 80401. 64%. , through the ore, an extension of these workings has the effect of dividing it into "blocks. How to calculate and interpret the net present value (NPV), internal rate of return (IRR), payback period, discounted payback period, and profitability index (PI) of a single capital project? accounting. Dividend Yield = Annual Dividends Paid Per Share / Price Per Share. Enter the hash rate of your Bitcoin mining hardware (mandatory). outer() function by observations. The expected value/mean is 1. It is expected that the mine will be in operation for 5 years. Computationally, this ends up being* a sum of [values × × probabilities of being those values]. For example, on a standard 2-way bet with both sides having -110 odds, your expected value is -4. ) Company Website. The calculator uses the following basic formula to calculate the weighted average cost of capital: WACC = (E / V) × R e + (D / V) × R d × (1 − T c). Maximize Your Mining Profit with BTC. So we need to understand how to calculate these values. She has also projected the expense of opening the mine and the annual operating. 4 × $2,000,000] + [0. As a result, a major or mid-tier mining company that wants to replace their mined reserves might pay only a small percentage of this metal value for the deposit (e. We would calculate the expected value for winnings to be:. This is a mining profit calculator. For example, if a company paid out around INR 412 in dividends per share and its shares currently cost INR 12,370, its dividend. Expected value can be used to determine which of the outcomes is most likely to happen when the experiment is repeated many times. The mining costs used include the fixed and variable costs for the mine considering the expected production rate. 10. The pre-entered numbers are based on two baseline mines: a gold surface mine in Argentina with 25 million tonnes of annual production, revenues of $530 million USD, and a gross profit of $170 million USD. Here’s what you need: Technical Report. 2026 EH/s: BTC difficulty: 64. a. A BTC mining difficulty of 64,678,587,803,497. The Payback Period is within the investment lifespan: Good 2. Seth Bullock, the owner of Bullock Gold Mining, is assessing a new gold mine in South Dakota. Discover the Best Mining Software for Your Needs. 45 goals. 79 (XMR to USD). 28m and 22. Correct Score Betting Calculator - Correct Score Betting Calculator, calculate the percentage of a favorable. 34615 $. Door 1 leads to safety after 3 hours. free play calculator), or free bet conversion calculator, determines the rate at which you can turn a free bet into cash. Add the values in the third column of the table to find the expected value of X: μ = Expected Value = 105 50 = 2. In this context, the term usually refers to the Shannon entropy, which quantifies the expected value of the message's information. Failing to compare discount rates – The key inputs of asset valuation – be it a gold mine, company, or home – involve a degree of subjectivity in their determination. 35 + 3*0. Odds Converter. Modified 2 years, 9 months ago. Hint: expectation is linear, i. The business extracted and sold 10,500 tons of ore in 2018 and 14,800 tons of o; Narda Company purchased land containing an estimated 4,000,000 tons of ore for $16,000,000. 1035 to result in 135k ounces. Theory of Probability. 1 billion worth of minerals which account for 10. 50%) to quickly determine the expected value and expected ROI on a bet. Explore our guide for insights and examples on how to use it. Disclaimer: Results from mining calculator are estimation based on the current difficulty, block reward, and exchange rate for particular coin. Expected. Our BTC mining. 61 years. Value: Algorithm: KAWPOW: RVN network hashrate: 4. Follow the steps below to use the expected value calculator: Put all possible outcome values of “X” in the given box. Results will be displayed automatically in USD (to see the detailed calculation, click “Show. In this case, P (X = 3) = 0. This calculation is the difference between the cost and selling price. Substitute this information into the above formula. You can input only integer numbers, decimals or fractions in this online calculator (-2. For the Expected value $mu,$ I integrated x*f(x) and I'm confident that is correct, but I'm confused about how. (5 marks) This problem has been solved!The expected cash fl ows each year from the mine are shown in the table. Example 1: Find the expected value for the following probability distribution using the expected. Load all coins. Enter additional optional information, such as pool fees, electricity costs, etc. For a copper mine, the extraction period or lifespan is generally expected to be somewhere between 5 to 70 years. Construct a spreadsheet to calculate the payback period,internal rate of return , and net present value of the proposed mine based on your analysis, should the company open the mine? Why? The expected value of a difference is the difference of the expected values, and the expected value of a non-random constant is that constant. Example 1; Solution. a roulette wheel has 38 numbered slots from 1 to 36, 0 and 00. 6786T | Network hashrate: 466. There are Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), Zcash (ZEC), Dash (DASH), Litecoin (LTC). Expected Value Calculator is a tiny but powerful statistics calculator. 1%. The total coal expected to be extracted from the mine is 35,000 tons. The structures will be torn down. While using the DCF calculator, you have to find and enter the Free Cash Flow (FCF), Expected growth rate, discount rate, and other financial information of the company like total cash, debt, outstanding shares, and more. Default values are adapted for three 3070 cards. Deriving a precise number of expected mining revenue and profit requires more data. Mining Software. Contact us at [email protected]. Sill – a measure of the variance between sample values (i. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and. 5 – 30-year forecast; File Format:. Where: C = Cash Flow at time t. 1. ∑ is the symbol for summation. 34 + 2*0. A regression problem requires the prediction of a quantity. Most profitable miners currently on the market and soon to be released. If you are mining solo, all of the coins in a block go to you, but. Enter your values in the form and click the "Calculate" button to see the results. xi - Value of each individual variable. 48) = 3. Exchange. Figure 3. Gonzales Corporation generated free cash flow of $88 million this year. g. Mines with expected REO outputs of less than or equal to 7000 tons/year were considered small capacity mines, and mines with expected REO outputs greater than 7000 tons/year were considered large capacity. 3rd Step. And then finally, plus there's a 5% chance. S. That will give us 4. Start by entering the initial investment and the period of the investment, then enter the discount rate, which is usually the weighted average. 88. Click on the "Reset" to clear the results and enter new. 5 – 10-year forecast; Net-Present-Value-Calculator_V4. The Expected Value (EV), also known as the mean or expectation. Explore our guide for insights and examples on how to use it. metric tons of copper and. -8. This section introduces the concept of the net smelter return (NSR). ). Expected positive cash inflows of $12,71,000,000 should last for 8 years, after which the mine will be closed and returned to its natural state, causing a final negative outlay of $55 million. The present value of the restoration cost is estimated to be $80,000. Mining Profitability. EV, short for ‘expected value’ is the focus of every poker player. So if you had +120 odds on tails, the EV would be (120-100) * . Keep reading to see how to calculate odds value! By using our odds value calculator online, you’ll see whether any odds are value bets. Our mining monitoring and management software for Windows GPU rigs is the perfect solution for those who prefer to mine on their Windows machines. Calculate the depletion of the mine and the depreciation of the mining facilities and equipment for 2021, assuming that Hecala uses the units-of. Compute answers using Wolfram's breakthrough technology & knowledgebase, relied on by millions of students & professionals. Save Copy. Save Copy. Errors can occur, so. Question. Track your mining profits in real-time. The company extracted 144,000 tons of ore in 2020 and sold 120,000 tons. This would include a realistic processing rate and associated annual metal production. total, largely due to the state’s prolific copper production. Each possible outcome represents a portion of the total expected value for the problem or experiment that you are calculating. From Poisson distribution through risk calculators and permutation calculators all the way to binomial distribution, you will always find a useful calculator amongst our collection. 2026 EH/s | Block reward:. #1) WhatToMine. Calculator Use. Calculate probabilities and expected value of. Most profitable ASIC miners and their hashrates. A miner is trapped in a mine containing three doors. Example 2: Expected Value Using weighted. 263) play Wigan (13. The pre-entered numbers are based on two baseline mines: a gold surface mine in Argentina with 25 million tonnes of annual production, revenues of $530 million USD, and a gross profit of $170 million USD. The value to you of having one of these tickets is $1 (0. 70. Calculator Use. Nonetheless, most mine design and planning processes have historically been undertaken as deterministic processes, often resulting in unrealistic mine designs and plans which potentially lead to the destruction of shareholder value. 5 – 30-year forecast; File Format:. 1: 1) Mine (s) and Diamond (s) total must be less than or equal to 25. How to properly use and understand Profitability calculator.