WhatToMine calculator for cryptocurrency mining

Calculate example

If the user has not yet chosen the mining equipment, but wants to mine ETH, he follows a simple path. To find the best solution, you need to:

1. On the WhatToMine website, open the “GPUs” section.
2. Enter the cost of electricity – you can leave the default price if it is higher than the current rates in the city.
3. Select a GPU – one full-fledged farm consists of 4-6 units.
4. Record hashrate and power – these indicators should be multiplied by the number of graphics cards.
5. Go to the “Coins” section.
6. Select Ethereum.
7. Enter the parameters of the farm. Power should be specified higher than the declared one, because in addition to video cards, other components consume energy: power supply, motherboard, RAM and hard disk. Taking into account the error, you should enter 200-400 watts more.

Deciphering values

To use the WhatToMine service, a beginner only needs to learn the basic terms.

* – parameters are specified automatically according to the current indicators, but the user can change them manually, for example, to calculate profitability at low exchange rates.

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What cryptocurrency to mine

The situation in the market changes regularly, so it is impossible to unambiguously name the best coin for mining. In June 2021, bitcoins and ethers are popular. This is due to the following factors:

1. Solvency. These coins have been on the market for a long time. They managed to survive several major drops in value, so they are considered more reliable than other cryptocurrencies.
2. Income. BTC and ETH regularly occupy top positions in WhatToMine’s profitability rankings.
3. Liquidity. The trading volume of these coins is in the billions, so miners will always be able to sell a large amount of assets.

Calculating the income of the farm

The profit of a miner depends on several components:

• Hashrate. The higher the computing power of the equipment, the greater the potential profit. However, it is necessary to take into account the general parameters of the blockchain. As the hashrate of the network grows, the income of an individual miner will begin to fall if he does not increase capacity.
• Electricity prices. The lower the rates, the more profitable mining is.
• The exchange rate. The value of cryptocurrency changes regularly. However, it is not necessary to get rid of the mined coins. According to Glassnode analysts, in June 2020, the flow of BTC from miners noticeably decreased: users expected a significant rise in the price of the first cryptocurrency.

The WhatToMine mining profitability calculator allows you to calculate the actual profit not only for the current moment. Users are given the opportunity to change the initial parameters, for example, the value of the cryptocurrency to determine the income when the market falls.

Mining on video cards

The calculator allows you to quickly determine the yield. Calculations can be performed for several different video cards at once. To do this, the user needs to:

1. Open the GPU section on the WhatToMine website.
2. Mark a specific model or several devices at once.
3. Enter the number of video cards.
4. Select an algorithm – by default all variants are calculated.
5. Specify the cost of electricity.
6. Click on “Calculate”.
7. Evaluate the results of the calculation.

Mining on ASICs

Video cards allow you to get any cryptocurrency you need to mine on GPUs. ASIC circuits, on the other hand, are often honed for a specific algorithm. The Innosilicon A6+ LTC Master model, for example, is designed for mining on the Scrypt algorithm. It is suitable for mining Litecoin, Dogecoin, DigiByte and Einsteinium.

The WhatToMine calculator tracks the performance of different models in real time – the results are available in the ASIC section. First, the site visitor selects the hardware, then the cryptocurrency.

With a specific coin.

The user can calculate the expected profit from any cryptocurrency. For an example, Bitcoin is best suited for this purpose. To calculate the income you need to:

1. Open the Coins section.
2. Find Bitcoin.
3. Enter hashrate – hardware parameters are at the bottom of the page.
4. Mark the capacity of the farm.
5. Enter the price of electricity.
6. If necessary, specify commissions and cost of equipment.
7. Click “Calculate”.

In the dual

With the advent of Claymore’s Dual Miner program, video card users got a chance to mine several coins at once. Such an option is only available for the Ethash (Ethereum) algorithm. It is possible to simultaneously mine ETH and another coin on a similar algorithm. However, Claymore’s Dual Miner project was closed in 2020 – the developer stopped updating the program, and the latest version is not capable of mining ETH in current conditions.

In the network you can find an opinion that parallel mining of several coins brings up to 20% more profit.

Nevertheless, there is no proof of such claims. The 2Miners pool in 2020 tested this theory – the results showed that mining ether was more profitable than simultaneous mining of ETH and ZIL.

Frequently Asked Questions