In the context of the rapid development of cryptocurrencies, more and more potential investors are interested not only in their acquisition, but also in mining, that is, mining using their own or rented computing equipment, be it mining on ASIC or mining cryptocurrency on video cards. Taking into account the fact that initial investments in mining start from several hundred dollars for those who consider it not just as pampering, but a source of income, everyone wants to have certain ideas about the planned level of profitability of their business.
The use of an online cryptocurrency mining profitability calculator allows you to solve this problem. This is a simple and at the same time effective way to determine with a sufficient degree of accuracy the possible amount of earnings and the payback period for equipment. In mining, information is the basis for successful work, and obtaining it will never be superfluous for an investor.
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.
Mining calculator interface 2CryptoCalc
Approximate prices for electricity
The calculator is more focused on prices in Russia.
| Region | Price per 1KW.h |
| Moscow | 5.38 rub. |
| Smolensk region | RUB 3.62 |
| Saint Petersburg | 4.32 rub. |
As you can see, the tariffs differ from Moscow, St. Petersburg and the regions. There are also tariffs differentiated by day zones. At the moment, calculations have been implemented taking into account a single-rate tariff. If you need a different tariff, write in the comments, we will add it
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
Interactive profit assessment taking into account specified parameters
Online calculators for calculating the profitability of mining on personal equipment compare technical parameters, the dynamics of the cryptocurrency market and a set of external factors that affect the user’s income.
Most online calculators take into account a number of variables:
- Technical parameters of mining equipment . Hashrate, power, energy consumption, operating time of installed equipment. For example, ASICs provide high block processing speed, but the cost of a new installation exceeds 150 thousand rubles, the service life is limited to one to two years, and no further repairs or improvements to the system are expected.
- Financial characteristics of the cryptocurrency chosen for mining. The current value of the asset, the power of active pools, the number of coins issued in comparison with the maximum possible, the dynamics of changes in the value of the token. Unfortunately, the cryptocurrency market is unstable and difficult to predict long-term, so the user should evaluate the profitability of the chosen type of mining at least once a week.
- Additional expenses required for work. Calculation of electricity costs, repair and replacement of boards, commission of selected pools, service fee for conversion and cashing out of cryptocurrency on exchange accounts. Costs depend on the income withdrawal mode, exchange rate and popularity of the coin. For example, BTC tokens can be cashed out with a minimal commission; new types of digital coins are not supported by exchange services.
Among the popular services for interactive assessment of mining profitability, the following stand out: Profit-Mine, CryptoCompare, MinerGate. Sites differ in the number of parameters taken into account when assessing the profitability of mining, as well as the convenience of the interface and the presence of additional functions.
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.
How to start working
You can start mining PoS cryptocurrency using the following step-by-step instructions:
- Creating a wallet.
- Purchasing currency;
- Waiting for 1440 blocks to appear in the crypto client will take 24 hours.
- Installation of the software client on a PC - launched through the run.bat file.
- Wallet activation.
There is no need to purchase expensive equipment, making this method accessible to the vast majority of users. You can earn a lot by investing a large sum of money, since interest payments are small.
Do you think pos mining is profitable?
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
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
Stages and strategies of POS production
How to start mining PoS currency:
- Select the PoS currency (below is a description of some currencies) that you will mine.
- Create a crypto wallet.
- Buy currency.
- Wait until blocks appear in the feed (the process will take about 24 hours).
- Install the software client on your computer.
- Activate wallet.
There are several POS mining strategies.
The simplest is to purchase some kind of PoS currency (hybrid PoW-PoS currencies are also suitable, for example, PutinCoin), which is listed on at least one of the major exchanges. You start mining it, extracting new blocks and receiving a reward for them, your earnings will consist of two components:
- change in the price of a currency based on the results of trading on the exchange.
- reward for blocks in the form of cryptocurrency, which you can also sell on the exchange.
A slightly more complex strategy in terms of time investment is buying a new cryptocurrency that is not yet listed on the exchange. The goal is to purchase the maximum amount of currency at the minimum price in order to sell it when it appears on the exchange. This method has a significant drawback - the currency may never begin to be traded anywhere. However, you risk almost nothing, so you can try your luck. Crypts of new generations appear on the network every now and then, giving hope with their technological effectiveness.
Some craftsmen mine PoS currency collected from faucets. This method also has a right to exist, however, the profitability of such mining is relatively low.
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:
- Know the model of your video cards and the hashrate they provide.
- Know the encryption algorithm for a suitable coin.
- Indicate the exchange where you plan to sell coins. This is necessary for data accuracy.
- Know the cost of electricity.
- 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.
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