What to Mine
The first seconds on the website are the most confusing. There are a lot of blank lines and fixed sums in dollars. No worries, let’s search for something we are all familiar with to start.
You’ll find it at the top of the page – exchange rates of the main cryptocurrencies: Bitcoin, Litecoin, Dash, Monero, Ethereum and Ethereum Classic, Zcash, etc.
Below there is a WhatToMine logo and to the right – the menu bar. The first three sections are used to calculate the profitability of traditional mining, while the last three are for dual mining.
Now let’s take a look at the columns. They correspond to different mining algorithms. The ones that catch the eye are Ethash and Equihash – on 2Miners, we mine currencies based on these algorithms. We’ll be glad to see you and your friends on our website.
Mining Profit Calculators at Work
You should choose the right algorithm, enter the GPU hash rate and power consumption. If you wish, you can add relevant exchanges. Click on Calculate.
The website will then calculate the result. Below you see the list of currencies and estimated rewards.
Another option is to enter the number of GPUs of a certain model.
The website will automatically recalculate hashrate and power consumption based on the number of GPUs.
After you click on ‘Calculate’, you’ll see the coins that your rig can mine. In this case, you see the profitability of six Nvidia GTX 1070 GPUs.
ASIC, the second website tab, works in the same way, but with different algorithms. The first in the list is SHA-256.
That’s how it works. We enter AntMiner S9 values for SHA-256 – 14 TH/s and 1340W. Then we click on ‘Calculate’ and get the list of the coins we can mine.
Now let’s go to the third section – Coins, and choose Sia. It is mined by AntMiner A3, which the primary profit results after an announcement amounted to $521. Let’s see how it changed after a couple of months.
We enter miner values of – 815 GH/s and 1275W. To get an even more precise result, we can specify the cost per kWh and the hardware cost. Then we click on ‘Calculate.’
We get the detailed table with estimated rewards per hour, day, week, month and year. The columns show estimated rewards in Sia, BTC, and USD. The last column shows the net profit that equals the reward minus power costs and the mining pool fee.
Keep in mind, that all the resulting numbers are rough estimates. Network difficulty and currency exchange rates are always changing, so there is no point in calculating rewards for a week, a month, or a year.
Moreover, estimated rewards are often far from reality. WhatToMine calculations are based on 100% luck, while in reality luck may reach 900%. You’ll find more information about mining and luck here.
The other website tabs work in the same way. For dual mining, you will have to enter twice as many values.
Before using the website, make sure that all the values are correct and that you remember the electricity rates. Below you’ll find basic information for value conversion.
Hash Rate Conversion
- 1 MH/s = 1000 kH/s
- 1 GH/s = 1000 MH/s
- 1 TH/s = 1000 GH/s
If you have any questions, we’ll be glad to answer them in our Community Support Telegram chat.