Cryptocurrency mining calculators to calculate the profitability, profit, return on investment (ROI) of equipment
The cryptocurrency market is constantly changing, and dozens of factors can simultaneously influence the profit from mining. Mining calculators make it possible to most easily and quickly assess the prospects for mining cryptocurrency with the available equipment, at the current rate and complexity of the coin.
Calculators are a must for anyone who is thinking about creating a mining farm, and for the sake of completeness, it is recommended to calculate the results on several services at once. The editorial staff of Profinvestment.com compiled a list of the best calculators for cryptocurrency mining and reviewed their functionality. We will also show you examples of calculations on the most relevant services.
- 1 The best cryptocurrency mining profitability calculators. Functionality overview
- 2 How to use mining calculators?
- 2.1 Calculation of profitability, profit and payback period (ROI) for a video card (GPU)
- 2.2 Calculation of profitability, profit and payback period (ROI) for ASIC (ASIC)
- 2.3 Calculation of profitability, profit and payback period (ROI) for the processor (CPU)
- 2.4 Calculating the profitability of mining cryptocurrencies and tokens
- 2.5 How to determine the most profitable cryptocurrency and mining algorithm?
- 3 Mining equipment rating
- 4 Conclusion
The best cryptocurrency mining profitability calculators. Functionality overview
The calculators listed in this section are notable for their convenience, a sufficient number of options and accuracy of calculations. They can be used to calculate the payback of equipment and the profitability of mining. Examples of working with calculators can be found in the corresponding section.
WhatToMine is one of the popular cryptocurrency mining profitability calculators. It can be used both to calculate the profitability of mining specific coins, and to determine which coin is best to mine at the moment. Its interface may seem confusing at first, but this is only at first glance.
In fact, everything is simple:
✅ The tabs in the top menu allow you to switch between calculators for GPU and ASIC, calculate profitability for a specific coin (Coins tab) or income from dual mining (ETH + HNS), as well as see the ratings of the most profitable video cards and ASICs at the moment.
✅ Below are the models of the most popular devices for mining. For example, 1660Ti means a GeForce GTX 1660Ti graphics card. You need to select all the devices that you have or plan to buy, and indicate the quantity of each of them.
✅ Below is a table with mining algorithms. Each of them can be activated or deactivated so that the calculation on it is not performed. All algorithms are enabled by default.
✅ There are additional settings under the algorithms. Here you can specify the cost of electricity, set up filters and sort the results, and also select the exchanges that you plan to use to exchange the earned cryptocurrencies for fiat money.
After all the settings, click Calculate, and a table with the most profitable altcoins will appear below. The more fields you fill in the calculator, the more accurate the result will be. The altcoin table contains data such as the current market rate, difficulty, capitalization, block creation time, estimated profit per day, three days, seven days.
This mining profitability calculator is provided by the renowned NiceHash capacity aggregator. Allows you to make calculations not only for video cards and ASICs, but also for processors. It is possible to choose from a list of popular models of devices used for mining. According to NiceHash, each of the devices has been tested in their labs and the results are reported based on those tests. In real life, they may differ.
Instructions for use:
✅ Specify the currency in which you want to see profit, or leave USD as the default.
✅ Indicate the cost of electricity per kilowatt.
✅ Select the type of device – GPU, CPU, ASIC.
✅ Choose a manufacturer, for example NVidia or Bitmain. For ASIC, you additionally need to select an algorithm.
✅ Select directly the device itself from those available in the list.
✅ Specify the number of devices.
It is possible to specify the hash rate and all data manually if your device is not in the list. To do this, click on the gear next to the quantity.
After specifying all the necessary data, click the “Calculate” button. The approximate daily income will be displayed below. Please note that the result is calculated based on data previously obtained for this equipment. It will not be possible to calculate the profit for the day, then multiply it by 30 and get a profit in a month, since the profitability is constantly fluctuating.
The site contains online mining calculators for dozens of different cryptocurrencies, both popular and rare. First, you need to select a coin to go to the functionality of the service.
For calculations, you will need to indicate:
✅ The total hashrate of the equipment.
✅ Total power consumption in watts.
✅ Equipment cost in dollars. Not only the main computing equipment is considered, but also auxiliary ones, such as power supplies, etc.
✅ Use the sliders to select energy costs and additional charges (pool commission or service commission).
Then click Calculate Mining Profit. The service allows you to calculate ROI, that is, the return on investment – over what period of time investments on the hardware will be recouped. Calculates how much cryptocurrency per day you can mine at the current difficulty, and how much profit it will bring (based on the market rate of the coin). It also gives a forecast of income for the week, month, year.
An easy-to-use tool that allows you to calculate the profitability of several top cryptocurrencies: BTC, ETH, ETC, XMR, ZEC, DASH, LTC. The user is required to enter a minimum of information; information such as the exchange rate of a coin or the complexity of the network is automatically taken into account by the service.
How to use the calculator:
✅ Enter the hashrate of the equipment in h / s, kh / s, mh / s, gh / s or th / s. This is the number of hashes per second that devices can generate during the mining process.
✅ Enter the power consumption. You can calculate it yourself based on data provided by manufacturers, or use special sites such as Outervision https://outervision.com/power-supply-calculator/
✅ Enter the cost of electricity – how much you pay per kWh. This is a very important indicator for profitability.
When you enter any information, the results on the right are recalculated automatically, which is very convenient – you can experiment without reloading the page every time. It should be remembered that the profit is calculated based on the current exchange rate and the complexity of mining, and if these indicators change, then the result may be completely different.
The MinerStat website includes many tools for monitoring and managing mining, including a profitability calculator. The reward is calculated based on the current difficulty, block reward volume and market rate. The listed data is collected from official sources and API pools.
The calculator supports several dozen mining algorithms, from common to more rare. There is a Profit switch option, with which you can set up automatic switching between coins based on the specified indicators. The function works for any equipment.
Over 250 different coins are taken into account in the calculation results. Certain tags are assigned to them, for example, the low volume tag means that it will be difficult to sell the coin on the exchange due to the fact that its daily trading volume is less than $ 1000. The spike tag means that the relevance of the cryptocurrency has skyrocketed since the last data update.
This mining profitability calculator is provided by the BTC.com pool. The service is focused specifically on bitcoin, allows you to specify the cost of equipment to calculate the return on investment. Profits can be displayed in dollars or yuan. It should be remembered that this calculator is only suitable for the PPS mode of distributing the reward in the pool.
Input data for calculation:
✅ Miner cost.
✅ The number of miners.
✅ Aggregate hash rate from all devices.
✅ Total power consumption in watts.
✅ The cost of a kilowatt of electricity.
✅ Bitcoin rate and difficulty (automatically inserted).
✅ Pool commission /
✅ The date of the start of mining and its end, if you want to know if the equipment will pay off for a given period of time.
After clicking the “Calculate” button, the expected income will be displayed on the right side of the window – the total amount of revenue and profit, electricity costs, the payback period of the equipment (if the period is longer than indicated in the initial data, the Cannot Payback mark will appear, that is, the equipment cannot pay off over this time).
Etherscan is a set of tools for analyzing and tracking changes in the Ethereum network and also includes an Ether mining calculator. This service displays the expected income in both ETH and USD. The calculations are based on the assumption that the complexity and cost are the same as now. Also, the process does not take into account rewards for Uncle-blocks (“orphaned” blocks that do not have a predecessor in the network).
Data to be specified:
✅ Hashrate in mh / s.
✅ Energy consumption in watts.
✅ The cost of a kilowatt of energy in dollars.
The rest of the data is filled in automatically. After clicking the Calculate button, the estimated income per hour, day, week, month will be displayed below. It will also calculate how long it will take you to find a block (relevant only for solo mining).
The resource allows you to track the profitability of ASICs and compiles their rating based on this indicator. If you scroll to the very bottom of the page, then you can specify your parameters: the cost of electricity and the currency of the yield display. After clicking the Apply button, the result will be recalculated based on the specified data.
The default currency is USD and the electricity price is $ 0.12.
How to use mining calculators?
In this section, we will look at practical examples of calculations using mining calculators in 2020.
Calculation of profitability, profit and payback period (ROI) for a video card (GPU)
As an example, let’s calculate the payback of an AMD Radeon VII video card using the WhatToMine service. Open the GPU section of the website and select the desired device at the top of the screen. Leave the algorithms intact. We set the cost of electricity to the one that is set in your region. In our case, this is $ 0.05 / kW (4 rubles).
Click Calculate. A table with a list of the most profitable cryptocurrencies for mining will be displayed at the bottom. They will be ranked by profitability.
As you can see, the most profitable option is Ethereum mining using Nicehash. This method will generate $ 1.25 in net profit per day. The AMD Radeon VII graphics card has an average cost of $ 760. Therefore, it will pay off in 608 days under the current mining conditions.
Calculation of profitability, profit and payback period (ROI) for ASIC (ASIC)
For example, let’s calculate the payback of the Bitmain Antminer S17 + ASIC using the CoinWarz cryptocurrency mining calculator. The device is among the most popular, so you can not enter data manually, but simply select it from the list so that the parameters are substituted automatically. After that, do not forget to indicate the cost of electricity and the pool commission.
Click on the Calculate Mining Profit button. Below you will see information about profitability, profitability and payback. In this case, the profit will be $ 6.69 per day, and the device will pay off in 315 days.
If you scroll down the page even lower, you can find the calculation of profit for an hour, day, week, month, year. This information is conjectural and cannot be used as an accurate guideline.
Calculation of profitability, profit and payback period (ROI) for the processor (CPU)
For example, let’s calculate the payback of AMD CPU Threadripper 3990X using the mining calculator provided by NiceHash.
Indicate the electricity price that is relevant for your region, device type – CPU, manufacturer – AMD, and then directly the device model itself.
Click “Calculate”. The expected profit is $ 2.28 per day. If we take into account the daily electricity costs of $ 0.33, then we get $ 1.95 in net profit for 24 hours.
The AMD CPU Threadripper 3990X is priced at $ 4,500. Using simple arithmetic calculations, we get a payback period of 2307 days, that is, more than six years.
As a reminder, NiceHash uses a computing system based on previous hardware profitability metrics. The company tests equipment in its laboratories, and results at home can vary significantly due to many factors.
Calculating the profitability of mining cryptocurrencies and tokens
WhatToMine mining payback calculator allows you to find out the possible profitability of a particular cryptocurrency of interest. To do this, go to the Coins section and select the desired coin there. For example, Bitcoin.
At the top of the page, you can specify information about equipment, pool commission, price for electricity. Then click Calculate and get approximate profit information. For example, in the above example, Bitmain Antminer S17 + 76Th was taken as a basis, and the profitability was $ 7.38 per day. Under these conditions, the miner will pay off in 286 days; this result is slightly different for the better from the result obtained in the CoinWarz calculator.
How to determine the most profitable cryptocurrency and mining algorithm?
In 2019, the well-known crypto investor Davincij15 published his opinion on the criteria that a potentially profitable cryptocurrency should meet:
✅ Top 25 by market capitalization, excluding stablecoins.
✅ Listing on at least five exchanges.
✅ Strong team.
✅ Community support.
✅ Regular updates on GitHub.
Further, when you have found a cryptocurrency that meets these criteria, you can open mining calculators and start calculating the profitability based on how much investment you are willing to allocate. Or go the other way and first select equipment that matches your financial capabilities, and then use the WhatToMine calculator to find the most profitable cryptocurrencies and algorithms.
Mining equipment rating
Many mining calculators rank hardware to make it easier for users to choose. Below are the actual data as of May 6, 2020:
Top 5 equipment at the moment on NiceHash
⭐BITMAIN AntMiner S17 + (73Th)
⭐MicroBT Whatsminer M20S
⭐BITMAIN AntMiner T17 + (64Th)
⭐BITMAIN AntMiner S17e (64Th)
⭐AMD Radeon YOU
⭐NVIDIA TITANIUM RTX
⭐NVIDIA RTX 2080 Ti
⭐NVIDIA TITANIUM B
⭐Nvidia RTX 2080 Super
⭐AMD CPU Threadripper 3990X (threadripper 3990x)
⭐AMD CPU EPYC 7742
⭐AMD CPU EPYC 7551
⭐AMD CPU EPYC 7601
⭐AMD CPU EPYC 7302
Rating of ASICs and video cards on WhatToMine
⭐Todek Toddminer C1 Pro
⭐Bitmain Antminer S19 Pro (Announced only)
⭐Bitmain Antminer S19 95Th (Announced only)
⭐Todek Toddminer C1
⭐NVIDIA GeForce RTX 2080 Ti
⭐AMD Radeon VII
⭐AMD Radeon RX 5700 XT
⭐NVIDIA GeForce RTX 2080
⭐AMD Radeon RX 5700
ASIC rating on AsicMinerValue
According to the version of this calculator, the list of the most profitable ASICs looks like this:
⭐Bitmain Antminer S19 Pro (110Th)
⭐Innosilicon A10 ETHMaster (500Mh)
⭐Innosilicon A10 ETHMaster (485Mh)
⭐Innosilicon A10 ETHMaster (432Mh)
⭐Bitmain Antminer S19 (95Th)
Information on all listed sites is updated daily based on exchange rates and mining complexity, so it is relevant at any time.
Mining cryptocurrency can be a lucrative business. However, the high volatility of coins, the increasing difficulty of mining, reduced rewards (halving), electricity bills and increasing hash rates are factors that may not play in your favor. This is especially important if you have invested a lot of money in the equipment. To assess your capabilities at any time, you should refer to calculators for mining. With their help, you can, without spending a single ruble, test many different strategies and choose the best one for yourself.