Once on the site, go to the Mining Calculators section. CoinWarz offers counting for over 190 different coins. And if CryptoCompare allows you to determine the profitability of only 7 cryptocurrencies, then here the choice is much greater. CoinWarzĪlso, a fairly simple mining calculator with a good and convenient interface. After entering the data, the service offers to immediately display the characteristics of the GPU on a particular algorithm. However, on the site itself, in the search bar, you can drive the model of your video card and, going to the appropriate page, see all the necessary data. For the calculation, it is enough to enter the power of the equipment, energy consumed, the price of electricity and the percentage of the mining pool, if any. In general, this service offers the most simple interface and functionality of all. Popular Mining CalculatorsĬryptoCompare Calculator Interface // Source: Typically, services are divided into two types: in the first, it is enough to select the name of the equipment and the calculation will be done automatically, and in the second one you need to drive in your own hashrate, the amount of electricity consumed, the cost of electricity, and only then will the calculation be made.Īnd if everything is clear with ASIC, when you buy such equipment you know its power in advance, then with video cards and processors it’s a bit more complicated – not everyone knows what hashrate the GPU or CPU gives.
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Most services constantly update data, calculating the efficiency of equipment with various algorithms. That is, if you purchased equipment, suppose, for Ethereum mining, and the coin rate has seriously dipped, you can stay in the red.Īt the same time, the mining calculator itself is built on an algorithm that calculates profit on several parameters at once – network complexity, exchange rate and associated costs, such as electricity. The mining calculator is like an adviser that helps you determine whether to start mining any coin on a certain cryptocurrency algorithm, how profitable it is and even for how long it will be possible to beat off the cost of buying equipment.Īt the same time, you need to understand that using the mining calculator you can calculate exactly the current income at the moment, but not for the future.
What You Need to Know About Mining Calculators
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In this article, we will analyze what a mining calculator is, how to calculate profit correctly and what data is required for calculation, and also step by step explain how to use it. It was for this that special mining calculators were invented, allowing you to roughly calculate the income from a particular system.
There are several reasons for this – a general market decline, an increase in the complexity of mining cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others, as well as constant jumps in the exchange rate.Īll this significantly complicates the calculation of future profits, especially for different equipment levels - from one mining card to ASIC miners. Over the past few years, the profitability of mining has seriously decreased.
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