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Profit Per Day Bitcoin – Buying and installing video cards is not enough to start mining. As always, you should know a lot about different cryptocurrencies: the difficulty of mining them, the hash rate of the entire network, and even potential hacking problems. 2CryptoCalc will help you save time and find the most profitable cryptocurrencies to mine. Let’s see how to use this tool with screenshots and examples.
If you have not purchased a graphics card or other mining equipment, 2CryptoCalc will help you evaluate the profitability of mining. Remember that the calculator is not a fortune teller. He doesn’t know tomorrow’s Ethereum price or how many new miners will join the industry in a week.
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Let’s say your friend is selling eight Nvidia 1070 graphics cards. I’ve been using it for three years and it’s already paid for itself. So it’s no longer needed. Price $1300. In the meantime, you are thinking of becoming a miner. Would you buy this? How do you know if you need it?
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2 Let’s use CryptoCalc. We are looking for the GTX 1070 on the main page and indicate the number of GPUs, in our case eight. The calculator shows that drilling profitability is $8.00 per day.
Please note that the calculator does not calculate electricity and other costs. Electricity prices vary. 1 kWh can cost you $0.1, $0.05 or almost $0.01.
All calculations are made at the time of writing. 2 Go to CryptoCalc and enter the required values to get the latest data.
How much electricity does a drill use? It depends on the number of GPUs and the algorithm. Your friend who sells the rig will give you all the numbers. If you don’t know how much power an installation consumes, google or search for equipment in this Telegram chat.
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A setup of eight Nvidia 1070 cards consumes 1 kWh or 24 kWh per day. Let’s say you pay $0.066 per kWh, so 24 x $0.066 = $1.6. These are your electricity costs.
Now you might be asking, “Really? Is it easy? It’s not. As said above, the calculator cannot predict the future. Also, since the installation is old, the power supply may fail, and the GPU may fail. But in the coming 203 days, selected cryptocurrency Assuming that there are no sudden changes in the network and problems with the equipment, then the calculations are very accurate.
Also, after 203 days, you still have the same drill. It’s going to be a bit dated, but a motherboard with eight GPUs and a CPU costs at least $650.
Let’s say you want to know the most useful GPU for mining. But there are too many factors: prices, brands, availability, etc. 2CryptoCalc has a page dedicated to the most profitable GPUs.
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Prices do not always correspond to where you live. If you find that your price is very different, you can go to the specific video card page and enter the price there. This way you can get an accurate estimate of the payback period.
Let’s say you’re a gamer with a great gaming PC. You have heard that people use GPUs for mining but have never tried it. Do not worry. 2CryptoCalc can help. Go to the main page, find your GPU and click on it.
If you don’t see a GPU listed, it’s too old to mine. Mining with a 3GB GPU is next to impossible.
If you mine with it during the day, it will bring you $4.06. On the same page, you can see the payback period if the video card is mining 24/7. Remember that the calculator does not count electricity.
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If you are satisfied with the result and are interested in mining, the next step is to find the most profitable coin for your video card. Go to the pool to find it. Each pool’s “How to start mining” page tells you what software to download and how to get a cryptocurrency wallet. There is also a 2-3 minute video tutorial on mining. It will take you the same amount of time to set up the equipment. This is what the How To Start Mining Ethereum Pool page looks like.
If several coins are equally profitable and you are in doubt, choose Ethereum if it is available. Ethereum is the second most popular coin in the world. It is backed by billions of wallets and exchanges and you can always exchange it for the best rate.
Only Bitcoin can be better than Ethereum, but Bitcoin mining requires special ASIC devices, and such devices become obsolete within a year. Read more on the topic in our article “ASIC vs. GPU Mining Rig: which is better? Average miner
Let’s say you are a professional miner and use WhatToMine all the time. However, it is not easy to use it. 2CryptoCalc is right for you. If you know the hash rate for each algorithm, you can enter it directly. The calculator shows the most profitable coins. Save the link with the hashrate, bookmark it and open it with one click every day.
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Many users, including professional miners, prefer to measure the number of GPUs rather than the amount of garbage. At the moment, this is a great solution if you want to find the best coin for mining. Enter the number of GPUs on the calculator’s main page. You will see a list of the most profitable coins. Also, the calculator will notify you if some of your graphics cards fail to mine some coins.
If you don’t enter the number of GPUs, by default the 2CryptoCalc homepage will display the mining yield for 300 Nvidia 1070Ti graphics cards. This can be useful if you want to stay up to date and see the big picture. For example, you might want to know how profitable mining is in general, or what cryptocurrency is bringing you today.
Imagine your GPUs are mining Zcoin and Ethereum difficulty is down 40% today and you have nothing. Stay tuned for calculator updates.
Everyone wants to be independent, but not everyone can decide whether private mining is worth the effort or not. When the miners are in the pool, they work together – like hunters in a tribe – and when they find a bag, they share it with each other. In solo, you are on your own. If you are lucky enough to catch a deer, your family will have dinner tonight. Otherwise, they will starve. This can never happen in a pool because the miner/hunter will get their share anyway.
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Avid hunters often aim very high, trying to hunt elephants with slingshots, and not just deer. Two or three days passed, and the elephant was not there. Why is this? 2CryptoCalc will help you estimate the probability of success. Luck is exactly what we mean here because mining is a random process.
Go to the page of the coin you want to solo mine and see the relevant section.
If the calculator says that you can’t earn at least one or two blocks per day, solo mining is not for you. Although the calculator shows two blocks per week (as you can see in the screenshot above), we do not recommend solo mining. If luck is not on your side, you will be unlocked and not rewarded for several weeks. In this case, you are better off mining in a pool or choosing a simple coin.
Remember that the calculator works in an ideal world (i.e. with 100% success rate). The real world is far from ideal.
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If the counter shows zero blocks, this does not mean that you will never find them. You doing. It can even find a weak GPU block. This is a matter of tolerance, cryptocurrency exchange rate fluctuations and other factors. There aren’t many miners who actually wait a week to find a block.
Let’s say you know that you can connect your graphics cards to Nicehash and also buy hash rate there and allocate it to any mining pool. Some miners don’t want to learn how to install mining software in search of the most profitable coins today. Such lazy miners sell their cards as slaves to Nikehash, which they use for mining.
Nicehash rents mining power at different prices. It can be a single card or an entire factory. You can often rent them for less than what you would get from mining with them in a pool. Nicehash’s business model is to rent cards from lazy miners to rent them out to miners who know how to use their brains and 2CryptoCalc.
All calculations are made at the time of writing. 2 Go to CryptoCalc and enter the required values to get the latest data.
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On the main page of the calculator there is a line NH Rent Profit. Check it regularly. Whenever you see
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