Hashrate Mining Calculator Crypto Mining Calculator for Profitability

The ones that catch the eye are Ethash and Equihash – on 2Miners, we mine currencies based on these algorithms. We’ll be glad to see you and your friends on our website. Below there is a WhatToMine logo and to the right – the menu bar.

In fact a number of new coins and algorithms are not always listed there. So even though WhatToMine is the best source do not fully rely on this site. To stay ahead of the game and to find out more new coins you might need to dig deeper and keep an eye on other mining calculators as well.

In this article, we will explain everything you need to know about cryptocurrency mining and then take a look at the best digital currencies to mine. In the output table, you will see mining information on coins, difficulty, revenue, and profitability. In the second to last column, you will find the number of days you would have to spend to earn an amount equal to 1 BTC based on the established parameters.

Among useful features are mining profit ratio (%) and profit in monetary terms. Another mining profitability calculator similar to what to mine where all you have to do is choose GPU, CPU or ASIC type and numbers. However do note that this website doesn’t feature much algorithms and it seems like some of the information are not up to date.

Bitcoin’s price is constantly going up, but its block mining reward is going down. Secondly, with Bitcoin nearing its total supply, each block requires more and more computing power to be mined, so the mining and electricity costs go up. As a result, it is now hard for Bitcoin miners to make a profit, making Bitcoin mining not as worthwhile as it used to be.

WhatToMine Official Website

The Equihash-BTG algorithm allows solo miners to use their GPU for mining Bitcoin Gold. Grin is by no means a popular cryptocurrency, but it has a dedicated community of users that believe in it. Being less popular, it is easier to mine and can bring in steady profits despite its low price. 60 Grin per block may not seem like a lot, but with the coin’s price being $0.40, that’s $24 per hour – not an astronomical amount, obviously, but not bad at all. There are a lot of different mining pools out there, and we recommend researching them thoroughly before joining one.

Became interested in cryptocurrencies at the dawn of the latest bull run and bought his first graphics cards. After having built and set up a few mining rigs, he realized that existing mining pools didn’t satisfy him – that’s how the idea of creating the 2Miners pool was born. John published a series of articles about the basics of cryptocurrency mining. He gave valuable tips on how to buy ASICs and GPUs from abroad and then shared their mining performance. On the website, you can find early articles about cryptocurrency mining, blockchain in general and mining pool operation principles. The readers gave positive feedback on John’s practical guides, such as building an Ethereum mining rig and Nvidia 1080ti overclocking.

Monero (XMR)

Generally, most ASIC miners are designed and created to mine specific cryptocurrencies. ASICs are generally not that expensive, on average costing around $300 to $500. ASIC miners are around 100,000 times more efficient and have a higher hash rate than the best CPU and GPU miners – they have a lot of mining power. However, one downside of ASIC mining is that it is not available for all cryptocurrencies. Additionally, unlike the other two mining equipment types, ASICs are not upgradeable and aren’t as durable. You might like to read this article to learn more about ASIC miners.

what to mine

All one needs is a secure hardware wallet and a hardware device that can handle the coin’s mining process. However, CPU and mobile mining are both a good choice for people who are after the experience and not the profit, since you don’t really need to make an initial investment. If that’s the case for you, make sure you choose a cryptocurrency that isn’t too hard to mine and one that doesn’t require a lot of computational power. Note that the values displayed may or may not be accurate as the mining profitability varies greatly by minute due to the coin price and difficulty. If you are looking to mine and hold some coins for future then never take anyone’s advise and do not ever depend on mining calculators. Instead do your own research, have a strategy and keep track of what’s happening in the crypto space.

Again, you should only select GPUs, CPUs or ASICs and enter the number of devices. The first seconds on the website are the most confusing. There are a lot of blank lines and fixed sums in dollars.

Hashrate gainers

A year ago one of the most popular topic among crypto community is cryptocurrency mining. Bitcoin hit all time high and due to drastic increase in overall crypto market cap mining any coins was profitable back then. GPU — determining the profitability of mining on different algorithms for the top models of AMD / Nvidia video cards and rigs assembled on their basis.

At the time of writing, each miner gets 12.5 Litecoin per block . Aeternity is currently one of the most profitable coins for mining due to the unusual approach to the network and the speed of operation. AE combines Proof-of-Work and Proof-of-Stake algorithms with CuccooCycle hashing, in which miners will create blocks and simultaneously verify transactions. DigiByte, based on the UTXO technology, uses five different independent algorithms to process transactions on the network. This technology supports various mining options such as ASIC, GPU or CPU making DGB mining as profitable as possible.

WhatToMine Calculator FeaturesWhatToMine is the most popular web service for calculating the preliminary profitability of cryptocurrency mining. Unlike Bitcoin, LTC uses the proof-of-work hashing function called Scrypt, which allows you to mine this digital currency using a GPU without buying expensive ASIC chips. Yet, please note, that LTC mining requires a powerful hardware setup that consumes a large amount of energy. Cloud mining allows you to mine crypto without owning a mining rig or having to pay for electricity.

what to mine

Karim Ahmad is an experienced content marketer and copywriter with a focus on SaaS offerings, startups, digital agencies, and ecommerce businesses. He’s worked closely with founders and digital marketers over the past eight years to produce articles, eBooks, newsletters, and guides. Zcash was explicitly designed with ASIC resistance in mind, making it much easier to mine for people using regular hardware.

Whether it’s a gaming PC or a dedicated mining rig setup with 6 and 8 GPUs. However you must first determine what to mine and which coins are more profitable mining with your GPU. WhatToMine is a popular mining profit calculator for crypto coins miners.

Minerstat is another simple mining calculator that estimates profitability based on current difficulty, block reward and exchange rate of a particular coin. While the result seems precise there is no option to choose graphic card or ASIC model. You’ll have to enter the hashrate and wattage information manually for each and every algorithm.

Coin To Mine Today

Learn more about the software you can use for GPU mining and CPU mining here. CryptoZone also features a recommended pools tool, https://coinbreakingnews.info/ but the choice of pools is too small, so you’re better off ignoring it. Is similar than WhatToMine, at least in its structure.

ETH + — calculation of the profitability of the available dual mining options. Coins — all cryptocurrencies are presented here, for each of which you can calculate the profitability of production. Dogecoin is not only very easy to mine, but it also can be quite profitable. CPU, or Central Processing Unit, is the oldest and, well, the most outdated type of mining hardware. CPU miners allow you to mine crypto using your computer’s processing power. GPU, or Graphics Processing Unit, is basically a graphics video card we use for things like watching movies or playing games on our computers.

How to use and understand WhatToMine.com

Please note that calculations are based on mean values, therefore your final results may vary. For best results fill all fields with your hash rate and power consumption. Firstly, as we have already mentioned, Bitcoin is the most popular cryptocurrency – meaning it is in quite high demand, to say the least. Therefore, there are a lot of people mining Bitcoin, and even if collective profit stays the same, the individual one still goes down.

ASIC Mining

This website has support for number of mining algorithms and in addition to that it keeps adding all the new and popular altcoins. Moreover the hashrates and power draw for various graphic cards and ASICs has already been programmed. All you need to do is choose your graphic card or ASIC model and specify the numbers you own. You’ll then see the hashrates automatically filling into each algorithms. Lastly enter your electricity cost and click on calculate.

Mining is something many crypto enthusiasts want to try even if it won’t bring them any profit. However, that doesn’t mean that cryptocurrency mining can’t be profitable – or easy. You should choose the right algorithm, enter the GPU hash rate and power consumption. Following are some of the most popular mining calculators that you must get to know if you are into cryptocurrency mining. Next, you need to select the algorithms for calculation, if necessary, adjusting the default hash rate and power consumption.

Some use it to calculate how profitable it is to mine specific coins, while others try to determine which coin is better to mine in general. You can easily join mining pools to get a steady payout, and miners also have the option to shield their ZEC from its creation using a shielded coin base. This not only enhances privacy but also means that miners can get their mining rewards transferred immediately to a relevant wallet address. Depending on how it’s done and what crypto you’re mining. However, it is definitely less profitable than it used to be back in 2014 or even 2017.

For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. Various factors plays a huge role in mining profitability for example, coin price, mining difficulty, network hashrate and even the mining pool you’ve selected. Also keep in mind that some coins might seem profitable at the beginning. But they do lack features, developers and do not have a strong community. So be very careful and do not to rush to mine a coin just because it is profitable.

If you want to find a good Bitcoin mining pool, read this article. We are crypto enthusiasts and our main intention with Coin Guides is to educate people about Cryptocurrency and Blockchain technology. We regularly publish content about Bitcoin, Ethereum, Altcoins, wallet guides, mining tutorials and trading tips. This means frequent payouts, though you'll have to pay a fee to join the pool. Of course, you can mine solo as well, but your hashrate needs to be high to find a block. Monero can be mined using both a CPU or a GPU, though GPUs are obviously more efficient and faster.

Leave a Reply

Your email address will not be published. Required fields are marked *