5 Best Crypto Mining Profit Calculators [Lastest Updates]

As a crypto miner, calculating profit might be one of your hobbies, but have you calculated the Bitcoin or other crypto mining profit with the crypto mining calculator? If you haven’t, believe us that a mining calculator can make your life easier. Read through the article to find out the best mining calculator, website mining calculators, and how to use them. 

What is a mining calculator? 

Short definition: Mining calculator is a platform or service that calculates the profit and expense of Bitcoin or other cryptocurrency mining. 

To better understand it, let’s analogize the process of crypto mining to starting a business. 

To start a business, you first have to make a written and detailed business plan in advance, such as taking into account the costs of buying equipment, renting a business place, hiring employees, or calculating the profit you will get. Through this planning process, you will see the big picture of whether the business you are growing will be profitable or not. 

The same things must be done by a crypto miner. Mining activities are definitely not cheap as they require many components, ranging from hardware, electrical power, and large fans to keep the temperature of mining equipment stable.

So miners should ensure that crypto mining activities will provide significant income and are proportional to the capital that will be issued. To find out, you can use a mining calculator platform or service offered by several trusted sites. 

Check out A Lits Of Free Bitcoin Mining Websites HERE

Are the crypto mining calculators accurate?

Based on miners opinions from several forums like Bitcointalk, it is explained that some of them feel that the mining calculator is not accurate enough. As stated by Manojdaran, one of the junior members of Bitcointalk said “As far as I can see, the hashrate value sent can never equal the received hash power.” Going deeper, Manojdaran explained that, at that time, he took an average of 6 hours and used the value for an online calculator.

However, some think that the mining calculator is quite accurate. “Whattomine is very accurate if the pool doesn’t cheat you. My friend is a miner and he said, some pools are straightforward but some aren’t. So I suggest that you should try all of them and see which ones provide incorrect information,” explained an account named Metroid, a senior member at Bitcointalk. 

As for another statement from an account called jmigdlc99, another senior member, explained that the income and expenses calculated based on the hashrate are quite accurate. The accuracy score is up to about 95%.

However, some people don’t usually worry about the variations in their actual GPU hashrate. GPUs are not created equally and must be analyzed individually. 

This is because the hashrate per card can be different, even if they come from the same manufacturer. For example, a sapphire rx 470 has a hash at 24 MH while another sapphire rx 470 may have a hash at 28 MH (due to different memory types).

In essence, each mining calculator has a different level of accuracy. Therefore, you must do in-depth research before deciding to use a mining calculator site. 

A list of the best crypto mining calculators

According to Changelly, here is a list of the best crypto mining calculators that you must know.

1. WhatToMine

WhatToMine is a popular mining calculator service among miners, which is considered one of the best calculators. Miners use it to calculate the potential profitability of mining, as well as to avoid the ones not to mine.

This mining calculator feature has a simple and user-friendly interface. The platform supports a large number of crypto assets such as Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Beam (BEAM), Horizen (ZEN), Zcash (ZEC), Dash (DASH), Bytecoin (BCN), and many more.

2. CryptoCompare

CryptoCompare is one of the best mining calculators that is often used by crypto miners. However, compared to WhatToMine, CryptoCompare only supports a few crypto assets, such as Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), Zcash (ZEC), Dash (DASH), Litecoin (LTC).

3. CoinWarz

The next best mining calculator is CoinWarz. Just like WhatToMine, CoinWarz also has  a simple and user-friendly interface. To be able to use it, you only need to choose an algorithm, then enter hash power and electricity rates. The site will show you a table with detailed information on coins, earnings, profits, and other important information. Easy Peasy?

4. 2CryptoCalc

2CryptoCalc is considered by some miners to be an excellent alternative to the WhatToMine mining calculator. Mining calculator 2CryptoCalc is a great calculator with a comfortable interface and options for easy use.

The platform supports 26 cryptocurrencies such as Monero (XMR), Ethereum (ETH), Ethereum Classic (ETC), Beam (BEAM), Horizen (ZEN), Zcash (ZEC), Ravencoin (RVN), Grin (GRIN), and many more. 

5. NiceHash

NiceHash is a cryptocurrency mining and trading platform founded in 2014. This platform has services for those who want to mine but cannot afford expensive hardware. 

To get started, select the equipment type, brand, and device from the list and click the “Calculate” button. The list of devices you can check includes ASICs, GPUs, and CPUs. In addition, NiceHash also shows more profitable hardware. Please note that the cost efficiency of the equipment may vary depending on the volatility of the cryptocurrency market.

A List of GPU mining calculator 

Besides being able to use the crypto mining calculator website on the list above, you can also use some of the sites below to calculate the efficiency and profitability of the mining with the GPU mining calculator.

• Minerstat
• Simple Mining
• Whattomine
• 2cryptocalc
• Hashrates
• Hashrate.no
• WoolyPooly

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Disclaimer :

The information provided in this article is not intended to provide investment or financial advice. Investment decisions should be based on the individual’s financial needs, objectives and risk profile. We encourage readers to fully understand the assets and risks before making any investment.