Bitcoin Mining Calculator (ASIC Profitability)

2CryptoCalc

2CryptoCalc is a clear and convenient mining profitability calculator with Russian language support. Users can find a suitable cryptocurrency using one of fourteen algorithms. Accordingly, there are many coins in the platform’s database, among which are the most popular ones such as ETH, ETC and others.

Mining calculator interface 2CryptoCalc

2CryptoCalc remembers the hashrates of the most famous video cards, that is, if necessary, you do not have to enter numbers manually. The service also calculates the income from mining using NiceHash, predicts estimated profits up to one month and can advise whether it is worth mining in PPLNS or SOLO. So this is a great choice for miners of any level.

Video cards in the database of the 2CryptoCalc mining calculator

Mining calculator

• home
• Bitcoin calculator online

Earnings from mining in current indicators

Earnings from mining in the future

Time spent by the block in solo mode

Mining costs and net income

The Bitcoin calculator allows you to calculate mining income, taking into account investments in a mining farm, the cost of electricity, exchange rates and other indicators.

If you don't know the speed of the device, you can look it up in this table on Wikipedia.

Since changes in the difficulty of the Bitcoin network and the BTC exchange rate make it difficult to make forecasts for a long period, the calculator includes the ability to indicate the expected change in these parameters. It is possible to set the expected change in difficulty per month for the entire period, or for each month separately.

The “ BTC Income ” column in the expected mining earnings table shows how many bitcoins will be earned in a specific month. At the end of this column the amount of coins earned for the entire period will be indicated.

The “ RUB Income minus expenses ” column displays income in fiat currency minus the cost of the farm, electricity costs and equipment depreciation. For example, the final profit from mining can be positive in bitcoins, but negative in rubles. This can happen if for the specified period the income in rubles does not exceed the cost of the mining farm and electricity costs. For each month, the change in the total balance in the selected currency is displayed. The balance for the last month in the selected period will be the total earnings for the entire period.

The ROI ( Return On Investment ) column This indicator becomes 100% when the income becomes equal to the costs of purchasing the farm, added to other mining costs (electricity, depreciation, pool commission), in other words, when the farm pays off. If the income from mining is higher than the total expenses, then the ROI will be higher than 100%, if, on the contrary, it will be lower.

Please note that long-term estimates may not be accurate due to sudden changes in rates and network complexity.

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WhatToMine

WhatToMine is a popular service among miners. Both owners of single rigs and owners of entire hangars with ASIC miners and tons of video cards know about it. Read a detailed review of the service here; we published it in early spring last year.

Source: WhatToMine

The site supports a bunch of algorithms and remembers the hashrates of all popular video cards by heart. To calculate, we specify the model and number of GPUs, indicate the cost of electricity and get the result. In addition, you can select priority exchanges, issuance filters and the level of mining difficulty for profit.

Source: WhatToMine

At the top of the display there are tabs for ASIC, dual mining and available coins. In beta there is a rating of ASICs by profitability level. The first place in it is taken by Obelisk SC1 with a hashrate of 550 GH/s for Sia mining. The model seems to bring in $22 per day.

Source: WhatToMine

Performance and scale

In industrial production, larger scale means lower cost. For mining farms, this rule applies only to energy consumption. One video card, or 10,000, has exactly the same efficiency. The same applies to ASIC miners. The scale does not provide benefits here, because the chip and the algorithm are the same.

Energy consumption is a different matter. Centralization is beneficial there. The most expensive electricity for low-power home farms. There, owners are forced to purchase it at city rates for the population. Legal entities who receive it for commercial needs with benefits and subsidies have access to the cheapest energy. The activities of a legal entity, LLC or enterprise such as mining cannot be licensed. Therefore, the farm is set up as an addition to the main energy-intensive production.

CoinWarz

The next option is CoinWarz. Once launched, the first thing that catches your eye is its simple interface. There is a lot of white, dubious advertising and not the most neat inscriptions that sometimes cover each other.

Source: CoinWarz

The simple interface also has its advantages - it’s very easy to get the numbers you need. We select an algorithm, and also indicate the hashrate, consumption and price of a kilowatt-hour.

Source: CoinWarz

In the output table we see relevant information for miners on the coin, difficulty, profitability and profitability. The penultimate column contains the number of days that will have to be spent for the equivalent of one bitcoin at the given indicators.

CryptoCompare

The functionality of CryptoCompare does not reach the top level, at least due to the limited selection of coins. There are Bitcoin, Ethereum, Ethereum Classic, Litecoin, XMR, ZEC, PASC, Dash and Decred.

Source: CryptoCompare

Useful data includes the percentage change in mining profitability and its monetary value. Below them is a table with profits. The funny thing is that the numbers are updated as you enter hashrate, consumption, cost per kilowatt hour and pool fee. That is, you won’t have to wait a couple of seconds for a new page to load.

Source: CryptoCompare

It's a small thing, but nice.

Mining farm performance calculation

This is the first stage. Without calculating productivity, you will not calculate profitability. Cryptocurrency mining is a repetition of the same computational operation. The main performance criterion is the speed of repetition (or search). For example, for Bitcoin, ASIC chips perform SHA256 search. The string is compared with the target and the speed of searching the strings is the hashrate. A similar scheme (but with some complications) for sckypt and X11.

The main step in calculating performance is multiplying hashrate by power consumption. This is how the efficiency value is derived. This is described in detail in the article on our website “how to choose mining equipment.”

CryptoZone

CryptoZone resembles WhatToMine, at least in structure. The principle of operation is the same: we select cards, CPUs or ASIC miners, and indicate the amount of equipment. If necessary, we remove unnecessary algorithms.

Source: CryptoZone

The results are right here.

Source: CryptoZone

The guys from CryptoZone also recommend affiliate pools. There's very little choice, so it's easier to forget about this feature.

Source: CryptoZone

How is mining profitability calculated?

This procedure is noticeably complicated by the presence of many variables that are constantly changing and do not allow making any long-term forecast.

These include:

• Mining difficulty . It grows constantly, but not evenly. Users are constantly transferring mining capacity to coins whose mining profitability is currently higher;
• Asset value . It moves unpredictably and, sometimes, very sharply, which affects the profitability of the process and forces miners to make new requests and switch to what is more profitable at a particular moment;
• Overhead . This includes the cost of electricity, maintenance of farms or ASIC miners and other issues related to the activity. Not all participants make calculations with this data, but it can become a key point in decision making.

As you can see, the production profitability indicator obtained as a result of a specific request will show the current state of affairs.

It is time consuming to produce these for several currencies; moreover, the situation can change radically within a few hours after receiving the information.

How do miners perform calculations so quickly that they can constantly remain profitable?

They use mining calculators.

go

Minerstat

Minerstat has a great interface. Everything is clear and neat, there is simply no unnecessary information.

Source: Minerstat

We refine the indicators and get the result. Among the bonuses is the ability to enable the display of profits in rubles. Isn't it lovely?

Source: Minerstat

Crypto-Coinz

The latest alternative to Crypto-Coinz is another one with an intuitive UI. The service also knows the hashrates of video cards and is familiar with many exchanges.

Source: Crypto-Coinz

After clicking on the calculation, it becomes clear that the developers have gone too far with the variety of colors. At the same time, the data is visual, and all the necessary information is available.

Source: Crypto-Coinz

A summary of each coin is hidden inside the site. To access, click on the desired icon.

Mining profitability. Procedure

In general, you need little to accurately calculate mining profitability, and the recipe is suitable for all calculators. So, we will need:

1. Know the model of your video cards and the hashrate they provide.
2. Know the encryption algorithm for a suitable coin.
3. Indicate the exchange where you plan to sell coins. This is necessary for data accuracy.
4. Know the cost of electricity.
5. Follow the link to the calculator and enter your data.

It is also advisable to be aware of what is happening in the cryptocurrency niche. If a coin gets into an unpleasant situation, this will certainly affect its value and, accordingly, the efficiency of mining. And sometimes - even the opportunity to sell what was mined. The most recent example is Ethereum Classic, which suffered a 51 percent attack yesterday.

Source: 2Miners

Well, we recommend mining coins on the 2Miners pool. It has support for PPLNS and SOLO, regular payments, foreign servers and a cool design.

Also subscribe to our channel on Telegram. There is also Satoshi among the subscribers, but this is not certain.

NiceHash

NiceHash is a service that provides cloud mining services and has its own calculator. The platform is an online marketplace that allows you to buy and sell hash power. This service is ideal for people who want to participate in mining but cannot afford to buy equipment.

The buyer can choose which cryptocurrency to mine with NiceHash, which supports 34 different algorithms. All payments are made in Bitcoins.

Before mining, you can use the free NiceHash mining calculator. To do this, add the type of equipment you have and your energy costs. NiceHash also allows you to find out how much profit you can make within a certain period of time.

In addition, NiceHash shows equipment that allows you to earn more. The profitability of available equipment may vary depending on the volatility of the cryptocurrency market.