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Topic: Profitability? Best Mining Calculators? (Read 529 times)

jr. member
Activity: 280
Merit: 1
Security and Privacy Features on the Blockchain
April 14, 2019, 12:17:49 PM
#23
Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
Yeah it’s right mate that after calculation we will get result. Miners need to calculate thier total reward at a time to get result of their benefits and losses. For this they can use some good calculator.
hero member
Activity: 1498
Merit: 597
April 14, 2019, 06:21:50 AM
#22
The profitability of mining altcoins solely depends on how long you are going invest and mining the altcoin. But the best site to help you calculate your potential earnings within a day or months is https://whattomine.com/coins.
Let me answer for you with your own post Smiley
In terms of market value, I will agree that most altcoins are worth zero. Some are just in the crypto ecosystem to occupy space. Some of these coins have no specific purpose that aims to help the crypto ecosystem solve gaps in this ecosystem.
I did not see how whattomine telling you this Wink

and i think you really have no clue what you are posting about Wink
Ethereum mining is a long term investment plan. If you invest in getting a mining rig which can mine at least 4 ETH within a day and you dedicate at least two good years mining ethereum, you will be having 2920 ETH which will be very profitable even if the price of Ethereum is worth $100.

Let me guess...  Smiley you used whattomine to calculate your potential earnings for the next 2 years  Grin, but forget about Ethereum's intended transition from PoW (Proof of Work) to PoS (Proof of Stake), forget about difficulty bombs, difficulty growth and a few more important things Wink ... Yeah your mining calculator forget about all those small details  Grin  Grin  Grin
oh..by the way ... there is no mining rig available what can can mine 4ETH a day Smiley for 4 ETH / day you need around 12000MH/s as of today Smiley so you need around 50-60 mining rigs for that and a minimum of 60-70kw/h electricity available and some place to install your miners Smiley
hero member
Activity: 1190
Merit: 641
April 14, 2019, 06:04:30 AM
#21
https://whattomine.com this is an old and well-known service. But it does not contain up-to-date information about recently appeared coins. This is a huge disadvantage of this service. If you are too lazy to consider yourself, it is better to use a paid service. For example https://calcminer.info
The cost of use is very small 30 days = 0.002 BTC, for a month you will decide exactly whether it is a useful service or not
full member
Activity: 298
Merit: 100
April 14, 2019, 01:21:00 AM
#20
The profitability of mining altcoins solely depends on how long you are going invest and mining the altcoin. But the best site to help you calculate your potential earnings within a day or months is https://whattomine.com/coins.
hero member
Activity: 1498
Merit: 597
April 13, 2019, 07:37:08 PM
#19
This is a good site but for mining it’s enough to use https://whattomine.com/coins.
Yeah sure  Grin, you dont need anything else  Grin never do any market research, or read white paper, or look after any announcement from devs,   just use whattomine !  Cheesy Grin OMG  Shocked

Never let me down and always promptly updated the benefits of mining with the growth or fall of the market
updated few minutes after the market fall or growth, not before Smiley at that moment after its happened and you typed in your information
copper member
Activity: 294
Merit: 1
April 13, 2019, 07:15:49 PM
#18
You will see bunch of those in the internet just google it and you will see a lot of them the one I use is https://whattomine.com/ you can use their calculator
sr. member
Activity: 882
Merit: 254
April 13, 2019, 04:35:10 PM
#17
Of courseCoinCalculators.io  Cheesy
Go to cryptocompare.com there you'll find lots of coins with their own hashing algorithms, mining difficulty, power pricing, and lots of other features to help make profitability.
And by the way what is currently the most profitable altcoin for mining? It is still Grin? After a price dump I would say that is no more profitable, right?

This is a good site but for mining it’s enough to use https://whattomine.com/coins.
Never let me down and always promptly updated the benefits of mining with the growth or fall of the market.
newbie
Activity: 196
Merit: 0
April 13, 2019, 08:01:59 AM
#16
Of courseCoinCalculators.io  Cheesy
Go to cryptocompare.com there you'll find lots of coins with their own hashing algorithms, mining difficulty, power pricing, and lots of other features to help make profitability.
And by the way what is currently the most profitable altcoin for mining? It is still Grin? After a price dump I would say that is no more profitable, right?

All of coin price dropped. Don't blame other sites to rise your own site.

Anyway yes grin still profitable.
hero member
Activity: 1361
Merit: 506
April 13, 2019, 07:03:51 AM
#15
Of courseCoinCalculators.io  Cheesy
Go to cryptocompare.com there you'll find lots of coins with their own hashing algorithms, mining difficulty, power pricing, and lots of other features to help make profitability.
And by the way what is currently the most profitable altcoin for mining? It is still Grin? After a price dump I would say that is no more profitable, right?
copper member
Activity: 658
Merit: 284
April 13, 2019, 05:46:02 AM
#14
Of courseCoinCalculators.io  Cheesy
Go to whattomine.com or cryptocompare.com, there you'll find lots of coins with their own hashing algorithms, mining difficulty, power pricing, and lots of other features to help make profitability.

legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
April 12, 2019, 05:36:55 PM
#13
Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
And thats the difference and most people who do tend to mine seeing those numbers specially for 6 months time upto 1 year, believing that they would earn exact amount without
even realizing that lots of factors along the way would mainly affect profitability (Difficulty+ Energy expense+ Maintenance).


And besides these mining-related factors, you have to keep in mind that the whole crypto market can change a lot over the course of a few months. No wonder that a lot of miners had to stop mining during this bear market. If your calculation would only show you profit with the current market prices, what happens if the whole market goes back got $3k again? It's impossible for any calculator to predict the prices.

On the other hand people are now mining because they believe that one day cryptocurrencies will grow. But I do not understand why they want to start mining in loss?

Now, when all altcoins are in 90% loss it is better to buy them, I see bigger potentional profit in buying low, selling high. Then buying expesive hardware, electritcity and so on.  Roll Eyes
Because they are betting for the future of crypto, they expected to get some crypto from mine it before it goes to the moon and that's what they thinking to mine crypto in loss. They lack of analyzation and that's it.
They are also thinking if they can sell their mining rig again.
newbie
Activity: 196
Merit: 0
April 12, 2019, 09:27:45 AM
#12
Of course CoinCalculators.io  Cheesy
hero member
Activity: 1361
Merit: 506
April 12, 2019, 05:43:07 AM
#11
Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
And thats the difference and most people who do tend to mine seeing those numbers specially for 6 months time upto 1 year, believing that they would earn exact amount without
even realizing that lots of factors along the way would mainly affect profitability (Difficulty+ Energy expense+ Maintenance).


And besides these mining-related factors, you have to keep in mind that the whole crypto market can change a lot over the course of a few months. No wonder that a lot of miners had to stop mining during this bear market. If your calculation would only show you profit with the current market prices, what happens if the whole market goes back got $3k again? It's impossible for any calculator to predict the prices.

On the other hand people are now mining because they believe that one day cryptocurrencies will grow. But I do not understand why they want to start mining in loss?

Now, when all altcoins are in 90% loss it is better to buy them, I see bigger potentional profit in buying low, selling high. Then buying expesive hardware, electritcity and so on.  Roll Eyes
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
April 11, 2019, 03:44:19 PM
#10
Cryptocompare usually isn't too far off in my experience, haven't used any others in quite some time. There are obviously factors you cannot control while mining and they will throw off profitability calculations by a lot in the long run, but these calculators should always be used as simply a (very) rough approximation for profitability in the short term. Still a lot of luck involved in the end as to whether or not you even make it to the break-even point. There's no guarantees in mining, and mining's just like any other investment you can make in crypto- only put as much as you can afford to lose into it.
hero member
Activity: 3010
Merit: 794
April 11, 2019, 03:15:37 PM
#9
Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
And thats the difference and most people who do tend to mine seeing those numbers specially for 6 months time upto 1 year, believing that they would earn exact amount without
even realizing that lots of factors along the way would mainly affect profitability (Difficulty+ Energy expense+ Maintenance).


And besides these mining-related factors, you have to keep in mind that the whole crypto market can change a lot over the course of a few months. No wonder that a lot of miners had to stop mining during this bear market. If your calculation would only show you profit with the current market prices, what happens if the whole market goes back got $3k again? It's impossible for any calculator to predict the prices.

True, thats why i completely agree with xxcsu points above
Quote
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later,  tomorrow, next week,  months later, 6 months later or a year later !


But even though these things are mainly used to check out profitability but eventually you would really know it when you already face off your profits on your actual mining.
hero member
Activity: 1274
Merit: 646
April 11, 2019, 03:12:55 PM
#8
Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
And thats the difference and most people who do tend to mine seeing those numbers specially for 6 months time upto 1 year, believing that they would earn exact amount without
even realizing that lots of factors along the way would mainly affect profitability (Difficulty+ Energy expense+ Maintenance).


And besides these mining-related factors, you have to keep in mind that the whole crypto market can change a lot over the course of a few months. No wonder that a lot of miners had to stop mining during this bear market. If your calculation would only show you profit with the current market prices, what happens if the whole market goes back got $3k again? It's impossible for any calculator to predict the prices.
hero member
Activity: 3010
Merit: 794
April 11, 2019, 02:54:29 PM
#7
Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
And thats the difference and most people who do tend to mine seeing those numbers specially for 6 months time upto 1 year, believing that they would earn exact amount without
even realizing that lots of factors along the way would mainly affect profitability (Difficulty+ Energy expense+ Maintenance).

what is the most accurate? Cryptocompare, whattomine, coinwarz? I was using Crypt0zone but that calculator was way off.
No calculator would be precise and accurate yet results be shown would be only good for that day you have entered the informations needed.
hero member
Activity: 1361
Merit: 506
April 11, 2019, 01:31:48 PM
#6
Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
member
Activity: 330
Merit: 10
April 11, 2019, 01:10:36 PM
#5
Nicehash allows you to input hardware to see how profitable you will be specifically on their network. They are unique, because they have an algorithm that switches automatically between coins to mine what is most profitable. They also have a pretty robust custom setting.
jr. member
Activity: 75
Merit: 1
April 09, 2019, 11:25:10 AM
#4
The best calculator is you. Let me explain why Grin To calculate the profit of any coin that is not on the calculators or check the accuracy of the calculation. You need to: analyze through the explorer the number of blocks per day, the block reward and difficulty network. According to the data obtained, you can calculate your reward based on the speed of your equipment. In addition, the calculation must take into account all the fee miner, pool... This is all theory with a 100% result, real data can only be obtained by mining this coin.
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