How reliable are cryptocurrency profitability lists/calculators?

Light

hero member

Activity: 742

Merit: 502

Circa 2010

Quote from: mrekim on December 05, 2013, 03:05:31 AM

I'm just starting out with some GPU equipment, but I'd like to get a better idea of my ROI.

Honestly, in your case I wouldn't bother with mining BTCs anymore with GPUs as ASICs are supremely more efficient and you are basically going to earn nothing and never achieve anywhere close to ROI. My suggestion would be to use your GPUs to mine LTC and trade those for BTC as at least with LTC your mining is going to at least earn you something. As far as profitability goes, it's really dependent on the cost of your gear, the cost of cooling and electricity in your area, so make sure you factor those in when running your calcs.

chrisfor

newbie

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I find http://mining.thegenesisblock.com/ quite good although the initial mining date on a per month basis is not so precise. Are there any better ones?

thepwnorbpwnd

sr. member

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Merit: 250

Quote from: mrekim on December 05, 2013, 03:14:58 AM

Thanks! Now I have to think about what currency would be best suited to mine! (Running with 6MH of GPU for now)

Just go straight LTC man, it's the ASIC proof version of BTC with minor modifications to make it faster on the network for transaction verification speeds and whatnot. Alot more future proof than other alts, you'll thank me when your gpu's rake profit in steadily without the possibility of a 51% on smaller alts.

mrekim

newbie

Activity: 10

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Thanks! Now I have to think about what currency would be best suited to mine! (Running with 6MH of GPU for now)

thepwnorbpwnd

sr. member

Activity: 462

Merit: 250

Fairly reliable, given you take off the difficulty rise % for the month and add/minus the value increase/decrease % on your own.

mrekim

newbie

Activity: 10

Merit: 0

I'm just starting out with some GPU equipment, but I'd like to get a better idea of my ROI.

Sites such as Coinwarz and CoinChoose seem to be pretty accurate, but can anyone with a few GH or MH of mining equipment verify that they're making somewhere near the amounts that the calculators are outputting given your hash rate?

Topic: How reliable are cryptocurrency profitability lists/calculators? (Read 904 times)