Best cryptocurrency to mine with gpu calculator
This information is automatically generated for you. Some calculators, such as the specialized ones at CryptoRival , even link you to the latest crypto news. This helps you to gain a better understanding of what affects profitability, and can help you decide if you need to change your strategies. Wondering how much more profitable your venture would be if you invested in specialized Bitcoin mining hardware? This is incredibly useful, as technology is constantly advancing and many miners are constantly looking for ways to improve their profitability.
While they are a useful tool, there are several downsides to becoming too reliant on them. Unfortunately, they cannot account for things like equipment wear and tear. The calculators are also reliant on manufacturer-provided information to provide an estimate. The calculator assumes the price of an asset will be the same an hour, day, month or year from now.
Best Crypto Mining Profitability Calculators If you search for crypto mining profitability calculators, you may be surprised by the number of results you see. While many calculators use the same formulas, they all have different interfaces and features.
Some miners even find that they use different profitability calculators for different goals. Following are some of the best crypto mining profitability calculators available. NiceHash NiceHash is among the most trusted crypto mining profitability calculators.
The platform is designed to be very user-friendly, and is geared toward individual investors. New miners wanting to start mining using their personal computers can use the auto detection feature to determine how profitable their CPU and GPU would be for mining. A manual selection option allows users to easily compare devices.
NiceHash is designed to encourage users to mine Bitcoin with their user-friendly services. CryptoCompare CryptoCompare is among the easiest calculators to use if you already know your average hashing power.
Then enter in your hashing power, power consumption, electricity costs and pool fee percentages. The calculator will display your estimated profits by day, week, month and year. The biggest downside of using CryptoCompare is that you need to already have a good understanding of your equipment before you can use it. CoinSmart CoinSmart , a Canadian publicly traded company, offers a very simple and straightforward Bitcoin mining profitability calculator which accounts for current estimated difficulty and block rewards.
The calculator will then provide a profit estimation by day, week, month and year. Like CryptoCompare, the CoinSmart calculator is good for providing miners with a general estimate of profitability. Use the Search function in the left column to find the exact calculator you need. CryptoRival will provide the mining difficulty and block reward information. In addition to offering profitability estimates, CryptoRival offers real-time price information, news updates, exchange information and more.
CoinWarz CoinWarz offers several great calculators for miners who want to understand all their options. Like other advanced calculators on this list, you can customize a lot of the values to get a fairly accurate estimate.
The hash rate mining calculator found on their website can have a bit of a learning curve to it but allows miners to quickly compare the profitability of Bitcoin and several altcoins. This detailed calculator supports several assets, including Bitcoin, Ethereum, Horizen and Dash. They can also compare mining difficulty, estimated rewards and more. Creating an account will allow you to customize the calculator a bit more so you can quickly find the information you need to make decisions.
Minerstat Minerstat is another calculator designed to help miners choose between equipment. The tool quickly displays the most profitable devices based on the algorithm and electricity costs set by the user. With a subscription, users can also set up alerts, join mining pools, and find information on Bitcoin and trending altcoins before entering a pool. One thing that sets their calculator apart from others is the ability to add multiple miners into the equation.
The price of Bitcoin, starting difficulty, difficulty increase and profit ratio should fill in automatically. Miners who want a more simplified overview can utilize the BTC. This is a great tool if you want something quick and easy to use. Braiins Mining Insights Braiins Mining Insights , previously known as Slush Pool , offers a very simple Bitcoin mining calculator with a few more advanced options, making it a worthy addition to this list. In addition to clearly displaying a custom estimate for up to 60 months at a time, you can input your initial capital expenses, fixed monthly expenses, hardware appreciation and depreciation over time, the amount of profit you intend to hold over time, and other advanced factors.
The platform can be used with 26 cryptocurrencies, making it easy for miners to discover profitable altcoins to mine. In addition to providing updated calculations, 2CryptoCalc also tracks a list of the most profitable GPUs on the market.
It tracks the average price of the GPU using data from Amazon, eBay and other sources to determine how quickly a new device would pay for itself. Simply select the number of devices you have from the list of 70 popular GPU models and adjust your power costs. This calculator has a simple enough interface for anyone to use. It also lets you configure two or more devices to mimic your setup. The calculator gives you the total profit earning-cost for a day, a week, and a month. It is also capable of comparing the profitability of two different setups.
It offers a free Profitability Calculator where you can find the potential earnings of your hardware. This calculator needs three inputs; Currency, Electricity cost, and Device. You can pick your device from the list.
And, if you are using multiple devices, you can add that too. In case you can not find your device in the list, you can add any device and replace its hash rate with your custom values. You can get that option by clicking the gear icon next to that device. As the result, it starts with the total earnings from the setup. Then it subtracts the electricity cost to give you the total profile per day. It also generates a table covering Profit Earning — Cost per day, per week, and per month.
Option to manually add hash rates for non-lists devices. Option to add multiple devices to get overall profit. Get the earning amount in various currencies with electricity rates. Get an earning breakdown cost and profit of your setup with a graphical comparison.
Shows the Mining hash rate of the selected configuration. Calculates the profit earning-cost for a day, a week, and a month. Option to compare the cost and profit of two different devices. Home Page MinerStat. It has a free Mining profit calculator where you can get the total earning, cost, and thus the profit of your mining setup.
This calculator is a little complicated to use. Instead of giving your the profit straight in the currency, it gives you the profit for listed coins. You start with picking the algorithms and then select the hardware from the list. Alternatively, you can create a custom setup dataset by entering the hash rates and power consumption. After that, you can select the currency, electricity rate, and reward MinerStat options. Based on all this, it calculates the profit you will get for mining various coins.
Key Points: Calculate mining profit based on hardware and algorithms used. Option to manually add hash rates and power consumption. Get the earning amount for various cryptocurrency coins. Option to compare the cost and profit of two different hardware. Home Page 2CryptoCalc. This is one of the simplest calculators on this list.
You can start by picking either the GPU model or the hashrate. You have to enter the quantity of whichever GPU devices you are using in your setup. And in the case of hashrate, you have to enter the combined hashrate of your mining system. In both cases, it gives you a list of crypto coins with 24 hours profit. This profit is basically the total earning with your setup as it does not factor in the cost of electricity. Key Points: Calculate mining profit based on hardware or hash rates.
FINANCIAL CRYPTO 18
There are several factors at play that make Dash profitable to mine including its X11 algorithm that makes it relatively easy to mine compared to other cryptocurrencies, even with its growing difficulty level. Even so, it is possible to mine Dash efficiently without using up too much energy. Dash is also a good choice because of its extremely low fees that make moving and converting your cryptocurrency or performing other transactions cost effective.
Its instantaneous and anonymous nature are also strong points in its favor. When mining Dash, keep in mind that the total supply for Dash will be 18 million coins, and there are currently about 8 million in circulation. The 18 million should be in circulation by about Mining an average Dash block takes around 2. This cryptocurrency was built on its own Bitcoin-derived blockchain. It is convenient for those with mobile devices, aiming to take advantage of the rise of smartphones and tablets worldwide.
Amazingly enough, while you can certainly mine Electroneum with your GPU, you can even do so via the mobile application, although to a lesser extent. The currency also has quick microtransactions, which makes it fast to convert it to other more common cryptocurrencies before using it. Ethereum According to many sources, Ethereum remains the best cryptocurrency to mine with a GPU, although it will depend on your specific situation, including your graphics card.
If you have an AMD Polaris card, then you should certainly consider Ethereum mining if profit is your goal. On the other hand, Ethereum is the second most popular cryptocurrency, so you will find support for it nearly everywhere you look. It will also be supported by any exchange you find so you can convert it to fiat currency without having to waste money on transaction fees while converting it to Bitcoin first.
LBRY credits will be extracted via work testing over 20 years, with the block rewards increasing every blocks by 1 LBC until a maximum of before decreasing slowly. In the following 20 years, a trillion BLC should arrive.
This is a platform that gives users a large decentralized market and library. LBRY will have a worldwide library with a range of multimedia content, along with the choice of digital marketing of the works. Users decide if the content has a value and how much, and only users collect profits, so they do not have to worry about intermediaries. One of the few downsides to mining LBC is that this cryptocurrency is not very popular yet, so its value is still relatively low.
Additionally, you will have a limited number of exchanges where you can trade it at the moment. Even so, it is worth consideration, particularly because GPU mining is currently the most popular and only truly feasible method of mining LBC. The total token supply is set to four times the supply of Litecoin, and the mining difficulty focuses on the Dark Gravity Wave calculation.
Compared to Litecoin, MonaCoin has a much faster block time, 1. If you choose to mine MonaCoin, you will find many places to use it, particularly within Japan. There is also a platform designed specifically to facilitate buying and selling items with MONA. This is one of the altcoins that has seen massive growth over the past year or so, with the price rising about percent in a very short period of time. Additionally, Monero transactions are completely anonymous, so you cannot track the receiver or sender.
Monero uses a proof-of-work algorithm, CryptoNight, as its basis. As an added bonus, XMR is among the altcoins with the highest prices since it gained traction in , and is found on many of the major exchanges, making it easy to convert Monero to Bitcoin or even fiat currency in some cases. In addition to reducing electricity costs, this can also reduce the risk of overheating, letting you mine for longer periods of time without worrying about damaging your GPU.
This cryptocurrency is part of a software and peer-to-peer project that began in January The former of these is what makes it so attractive for GPU miners. Vertcoin was actually the very first cryptocurrency that developed and implemented stealth technology on the blockchain network. Compared to Bitcoin, Vertcoin is highly resistant to centralized mining and the developers behind it promise to do their best to keep it that way.
The Adaptive N-Factor technology plays a key role in letting regular users with graphics cards mine the coin instead of those in large data centers. Zcash ZEC Zcash is among the most popular cryptocurrencies, meaning that you should have no problem finding a crypto exchange that will support numerous trading pairs for your mining profits.
Zcash stands out from other blockchains with its selectively transparent transactions. While the payments appear in the public blockchain, the recipient, sender and quantity stay private. Zcash was a pioneer, being one of the first open cryptocurrencies to use zero-knowledge cryptography. Zcash is particularly attractive to miners and users alike because of ZenTalk, its secure communication protocol.
Bitcoin has already reduced miner rewards several times and it is estimated that by the reward will be 3, BTC. On average, a new Bitcoin is mined every 10 minutes. Mining setup As mentioned above, mining hardware has a huge impact on profitability. While most home computers can run mining software, this is not the most efficient way to make money. You will most likely have to invest in a setup and multiple graphics cards or a specialized device.
As your installation expands, you will also need to consider cooling equipment to optimize performance. If you're planning on using multiple devices in your home, you might want to consider additional room soundproofing. Block reward The block reward is the amount you receive each time you successfully mine a new block. This amount varies greatly from network to network. The amount can also change in the blink of an eye.
Many miners compare different blockchain rewards before deciding what to mine in the long run. Others are investing in hardware that allows them to quickly switch between multiple blockchain networks, giving them the ability to mine what is most profitable. How to calculate the profitability of cryptocurrency mining To determine how profitable your cryptocurrency mining venture will be, you need to add up the estimated costs and then subtract them from the estimated profit.
While this sounds simple, it's important to understand that these are calculations and they can change within seconds. The Cryptocurrency Mining Profitability Calculator helps eliminate some time-consuming calculations, such as how many watts of electricity your rig will consume per day. Not only does this make life easier, but it's also very important if you need to make quick comparisons to buy new hardware or move from one blockchain to another.
What are cryptocurrency mining profitability calculators? Cryptocurrency mining profitability calculators are tools that estimate the average reward a miner will earn. The calculators use the hash rate that the equipment can produce, the amount and cost of energy it will consume, and other factors to determine the estimate.
Pros of using cryptocurrency mining profitability calculators There are several reasons why miners might use calculators to determine profitability. They are often a necessity for those who are trying to maximize their income. Here are some good reasons to bookmark a reliable profitability calculator. Quickly identify the most profitable blockchain networks If you have invested in a rig that allows you to quickly switch between networks, you will not be mining the same thing every day.
This is because the value of each cryptocurrency can change rapidly. Some networks also give out higher block rewards than others. Sometimes it is most profitable to mine new altcoins. In other cases, it is best to mine bitcoin.
When you are developing a mining strategy, you should be able to see the estimated profit for multiple networks to determine where you are going to focus your efforts. Identify changes that affect the profitability of cryptocurrency mining Advanced calculators often display factors such as network difficulty and rewards.
This information is automatically generated for you. Some calculators, like the dedicated CryptoRival calculators, even connect you to the latest crypto news. This will help you better understand what affects profitability and decide if you need to change your strategies. Calculators save time when buying new equipment Thinking about buying a new graphics card for your hardware? I wonder how much more profitable your enterprise will be if you invest in specialized bitcoin mining equipment?
Although the calculator may only use information from the manufacturer's website, it can still give you an estimate of how new equipment will affect the profitability of your installation. This is incredibly useful as technology is constantly evolving and many miners are constantly looking for ways to improve their profitability. Cons of using cryptocurrency mining profitability calculators Of course, crypto mining profitability calculators are not perfect.
While they are a useful tool, there are a few downsides that make it hard to rely on them too much. It's impossible to take everything into account There are several factors that calculators take into account when providing an estimate. Unfortunately, they can't account for things like equipment wear and tear.
Calculators also rely on information provided by the manufacturer. If you rely on ROI calculators for more than a day's worth of budgeting, you also need to consider opportunities such as internet connection issues, power outages, and security breaches all of which will affect the bottom line. Some calculators make assumptions No one knows the exact future price of bitcoin. While mining calculators can provide you with detailed profitability calculations, they generally cannot account for price changes.
The calculator assumes that the price of an asset will be the same in an hour, a day, a month, or a year. Difficulty of learning While each calculator provides a wealth of information, not all of them are "beginner-friendly". Others provide you with tons of information - and you'll have to learn how to use it to your advantage if you really want to maximize your profits. The best cryptocurrency mining profitability calculators If you are looking for cryptocurrency mining profitability calculators, you might be surprised at the amount of results you will see.
Although many calculators use the same formulas, they all have different interfaces and functions. Some miners have even found themselves using different profitability calculators for different purposes. Below are some of the best cryptocurrency mining profitability calculators. NiceHash NiceHash is one of the most reliable cryptocurrency mining profitability calculators.
The platform is designed very user-friendly and targeted at individual investors. New miners who want to start mining on their personal computers can use the auto-detect feature to determine how profitable their CPU and GPU will be for mining. The manual selection feature allows users to easily compare devices. NiceHash was created to encourage users to mine Bitcoin with their convenient services. You will not be able to compare your options if you plan to switch between Bitcoin and altcoins.
CryptoCompare CryptoCompare is one of the easiest calculators to use if you already know your average hash power. Just select the cryptocurrency you plan to mine. Then enter the hash power, power consumption, electricity cost, and pool fee percentage. The calculator will show your estimated profit by day, week, month and year. The biggest downside to using CryptoCompare is that you have to be well versed with your hardware before using it.
The program is for miners who already know how much energy they are using as well as their average hashrate. While this is great for experienced miners looking to quickly switch between cryptocurrencies, it is less useful for those looking to invest in new devices. Coinsmart Coinsmart , a Canadian publicly traded company, offers a very simple and straightforward bitcoin mining profitability calculator that takes into account the current settlement difficulty and block reward.
The calculator then provides an estimate of earnings by day, week, month, and year. Like CryptoCompare, the CoinSmart calculator is good for providing miners with an overall estimate of profitability. The biggest downside is that it is limited to Bitcoin and you need to have a lot of information on hand to get the most out of the calculator.
If you're looking for an easy-to-use Bitcoin mining profitability calculator that displays results in Canadian dollars instead of USD, CryptoCompare is a good choice. CryptoRival One of the main features CryptoRival is the presence on the site of more than different calculators to use. If you are moving quickly from one mining venture to another, you can use their calculators to compare profitability.
Use the search function in the left column to find exactly the calculator you need. As with other advanced cryptocurrency mining profitability calculators, you will need to know hashing power, pool fees, electricity usage, and other costs to get an accurate profitability estimate.
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$48 a day WITHOUT a Mining Rig! Crypto Passive IncomeIBD INVESTING
Provided you have the necessary equipment to engage in this activity, you just have to figure out which is the best crypto to mine. Luckily, there are several calculators online that can do the mathematics for you based on the latest information. CryptoCompare and CoinWarz both have calculators for mining a range of cryptocurrencies. They include all the information you will need to make this decision on your own via a clear interface. There are also numerous other similar comparison and calculation tools, including What to Mine.
To use CryptoCompare, enter your hashing power, power consumption, cost per KWh and pool fee. The calculator for mining will automatically show you statistics by day, week, month and year. These figures include your profit and pool fees in one column, the amount mined in that period in the next column and the amount spent on power in that period. Above the chart of calculations, you can see the profit ratio per day and profit per month.
CoinWarz delivers the same information but in a slightly different way. There are nine fields that you enter or get automatically filled by CoinWarz including the hash rate, power, power cost, pool fees, hardware costs, value of the cryptocurrency, difficulty and block reward.
You see statistics for hourly, daily, weekly, monthly and annual profits in the cryptocurrency mined; the equivalent in BTC; the equivalent in USD; the power cost; the pool fees and the profit. The last three are displayed in USD, hence the previous calculations. While the CoinWarz calculator is not as sleek in appearance as that of CryptoCompare, it supports many more cryptocurrencies, with dozens listed.
Bitcoin Gold Bitcoin Gold follows the Equihash algorithm. It began in as a fork from the Bitcoin blockchain and has since been independent. The big difference with Bitcoin Gold is the option of a different algorithm that makes it harder for ASICs to complete proof of work thanks to higher memory requirements. That, in turn, provides an opening for GPU miners. Because of this, Bitcoin Gold is accessible for the average person who wants to mine, provided they can invest in a mining rig, allowing for a more democratic crypto and mining experience.
Dash Many experts will suggest that you consider mining Dash with your GPU thanks to its increase in value. While it is much more difficult to mine than it was in the past, many predict that its value will continue to rise, making this type of mining a smart investment. There are several factors at play that make Dash profitable to mine including its X11 algorithm that makes it relatively easy to mine compared to other cryptocurrencies, even with its growing difficulty level.
Even so, it is possible to mine Dash efficiently without using up too much energy. Dash is also a good choice because of its extremely low fees that make moving and converting your cryptocurrency or performing other transactions cost effective. Its instantaneous and anonymous nature are also strong points in its favor.
When mining Dash, keep in mind that the total supply for Dash will be 18 million coins, and there are currently about 8 million in circulation. The 18 million should be in circulation by about Mining an average Dash block takes around 2. This cryptocurrency was built on its own Bitcoin-derived blockchain. It is convenient for those with mobile devices, aiming to take advantage of the rise of smartphones and tablets worldwide.
Amazingly enough, while you can certainly mine Electroneum with your GPU, you can even do so via the mobile application, although to a lesser extent. The currency also has quick microtransactions, which makes it fast to convert it to other more common cryptocurrencies before using it.
Ethereum According to many sources, Ethereum remains the best cryptocurrency to mine with a GPU, although it will depend on your specific situation, including your graphics card. If you have an AMD Polaris card, then you should certainly consider Ethereum mining if profit is your goal. On the other hand, Ethereum is the second most popular cryptocurrency, so you will find support for it nearly everywhere you look. It will also be supported by any exchange you find so you can convert it to fiat currency without having to waste money on transaction fees while converting it to Bitcoin first.
LBRY credits will be extracted via work testing over 20 years, with the block rewards increasing every blocks by 1 LBC until a maximum of before decreasing slowly. In the following 20 years, a trillion BLC should arrive. This is a platform that gives users a large decentralized market and library. LBRY will have a worldwide library with a range of multimedia content, along with the choice of digital marketing of the works.
Users decide if the content has a value and how much, and only users collect profits, so they do not have to worry about intermediaries. One of the few downsides to mining LBC is that this cryptocurrency is not very popular yet, so its value is still relatively low.
Ethereum Classic, just like Ethereum is based on Ethash proof of work algorithm but the good news is, that it has a slightly higher block reward than Ethereum 4 ETC per block. I know some of you might say that because ETC has higher inflation but it has higher scarcity also because its supply is fixed, unlike Ethereum. In any case, Ethereum Classic is one of the most profitable cryptocurrencies to mine in with a couple of GPU rigs in place.
Value miners miners who mine cryptocurrencies based on its usecase and probable life , should look at TUBE. BitTube is a peer-to-peer, decentralized, censorship-free video sharing and lives streaming platform based on IPFS and blockchain technology. Unlike Youtube, BitTube is ad-free. Creators and viewers earn TUBE, a Cryptonote private cryptocurrency, based on the Airtime model watch time , premium subscriptions, video-on-demand, tips and donations, and much more.
Bitcoin Gold is another fork of Bitcoin that came to life in And it was made to make Bitcoin mining more democratic by creating a version of Bitcoin that is mineable with GPUs. Since BTG is a fork of Bitcoin, only its block timing and block reward are the same, i. Monero XMR Monero is one of my favorite cryptocurrencies because it pioneered the era of private money in the cryptosphere.
Monero is also open-source private money for people who want extreme transactional privacy at all times. This gives Monero a serious usecase and probable long life. Also recently many new wallets to store Monero safely are launched. Monero is based on the CryptoNightV8 proof of work algorithm and generates 3. Remember you can always convert your Bitcoins into Monero in almost no time.
It is, of course, the fork of Ethereum itself but tags itself as a stable and bug-free version of Ethereum. It is so because it is complicated for developers to build on a dynamic platform like Ethereum which is continuously evolving. But they have tweaked their proof of work algorithm from Ethash to Ubqhash which is also mineable using GPUs.
Ubiq has also changed its block time and block reward to 1. The shortcomings were that Bitcoin is not private, it is slow in transaction confirmations, is limited in number, etc. BCH has a block reward of BCH which is released every 8 minutes or so to a successful block miner who is mining it using BCD proof of work algorithm. Aion AION The Aion Network is a multi-tier blockchain system designed to address scalability, privacy, and interoperability which the decentralized applications of today face.
On the other hand, it has the lowest block timing 10 seconds amongst all the GPU mineable coins listed here, so you can expect to get 1. As a result, it is tough that this coin will survive for long but anyways, for now, anyone who decides to mine it can expect 2. Pirl aims to hit the usecase of decentralized currency, applications, and governance.
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