Eth Cryptocurrency Mining Calculator | Top 10 Cryptocurrency Profit Calculator 2022

Hey Guys, Welcome to Make An App, I am an NFT and Crypto expert and today I wanted to take a chance to talk about ethereum mining profitability with cryptocurrency mining calculator tools. It is the much-debated topic of the crypto mining world. And I’m not here to really share my opinion but also give you a list of tools to find the average Eth Cryptocurrency Mining Calculations. These ETH tools that people can use to see the profitability of crypto mining with their hardware.

There are a lot of people who ask us by mailing, Which Crypto is most profitable to mine? How is crypto mining profit calculated? Even after 6 years of working in the cryto industry, it’s a really tricky question to answer. Before reading cryptocurrency calculations and profit-making tips in detail, let’s see the top ethereum cryptocurrency mining calculator tools

Top Ethereum Cryptocurrency Mining Calculator Tools of 2022

1. PayBis Ethereum calculator
2. Bitcoin Mining Calculator
3. Minerstat (Estimated earnings, costs, and profits for mining ETH)
4. Cryptocompare (Ethereum Mining Profitability Calculator)
5. Coinmarketcap – Convert ETH to USD Calculator
6. Coinwarz – Ethereum Mining Calculator
7. Whattomine – Cryptocurrency mining calculator
8. Etherscan – Ether Mining Calculator
9. Minergate – Mining profitability calculator
10. Ethereumprice – Ethereum cryptocurrency mining calculator

As a little bit of disclosure, some of you are going to follow these tools. Some of you will realize that there’s no profitability in ethereum mining the majority of hardware out there in the market. Here we will learn how to mine the right cryptocurrency with best-fit mining hardware.

Mining profitability of Ethereum per day from 2015 to January 2021

What are the Cost Included in Cryptocurrency Mining

Above listed ethereum mining calculator tools give you a brief idea of your ability to make money with your hardware. And that depends on a number of things, including your hardware, your electricity costs, Internet cost, these are probably the three biggest ones.

To explain you guys in detail here I am going to use an online crypto mining calculator whattomine. You can use any tool you like.

I’m going to go and click on the GPU tab since that’s what the majority of people are using. And the first thing you want to do is figure out your power costs. So it app error defaults at point $1 per kilowatt hour, or 10 cents per kilowatt, per kilowatt hour. If you’re not sure what this is, you should probably find an electricity bill and do the math on it.

There are two way to calculate cryptocurrency mining earnings.

1. Easy way
2. Hard way

Mining cryptocurrency and its profit is always changing, so the calculators and methods used in this article should be taken with a grain of salt.

The Easy Way to Calculate Ethereum or Crypto Mining Profits

The super-easy method of calculating your profit applies to those of you who use the service of NiceHash one of the simplest programs to start mining. Calculating your profit is as simple as visiting this webpage, selecting your hardware currency, electricity costs, and clicking calculate. If your hardware is not on this list, it most likely will not give you a decent profit. Check the attached screenshot.

If you’re mining with a CPU and GPU or multiple GPUs inside of a nice hash, calculate them separately and add up the total. As for electricity costs. This is on an individual level. So you’ll have to find your last month’s bill and see what your electricity rate is going to be. Once you click Calculate, it’s going to show daily, weekly and monthly earnings with electricity factored

The Hard But Universal way to Calculate Cryptocurrency Mining Profits

The harder method will work for everybody and it involves plugging in your GPU hash rate, power consumption, electricity costs, any pool fees, etc. Your electricity rate can be found on your bill through your provider. And your pool fee is dependent on whatever pool you’re part of each one has a different individual fee.

1. First, you’re going to have to decide what algorithm hash cryptocurrency you’re mining. GPUs mine different cryptocurrencies at different hash rates. So you have to calculate each one individually.
2. The simplest way to see the hash rate is by mining Zcash and seeing what your program shows your hash rate to be simple enough.
3. There are multiple reports on a GPUs hash rate, the GTX 1060 seems to get around 300 to 330 hashes per second on Z cache
4. Finally, we have to calculate power usage. The only accurate way of doing this is by purchasing a kilowatt and seeing how much your usage goes up once you start mining
5. So if your computer on idle is using 50 Watts and it goes to 200. Once you start mining, your power consumption is 150 Watt. You can find these value of manufacturer website and box of the harware.

Let’s consider
We’re going to use 150 watts for power consumption. Again assume our electricity rate is 12 cents and the pool fee is 1%. You’re going to find your profit is about $16.66 per month on a GTX 1060.

The Below table will help you to calculate the How is crypto mining profit calculated?

Are you looking into some passive income with cryptocurrency mining? Well, before you even consider doing that, it’s important to set up with the right hardware to make ethereum mining profitable. In this section, I’m going to show some Crypto mining hardware and a table to help you calculate your mining profit.

How to choose right hardware hor higher ethereum mining profitability

• According to the above table, GeForce RTX 3090 is the best GPU in terms of ethereum mining profitability. It’s going to consume 300 watts of power and a hash rate of 100 Mega hashes per second.
• I’m assuming that that is for actually over here, you can see that’s for Etherium. And it shows some of the different miners. And then so your revenue per 24 hours is going to be $4.51.
• And after your electricity costs, you profit $3.79.
• Now, the reason that electricity cost is so important is because of another card that can do a similar hash rate, but a different brand on here, the AMD Radeon VII Graphics Card, I mean, it’s not quite the same, but it’s close in hash power is 81 Mega hashes per second. Now, it does draw a little bit less power, so that’s good. However, the difference in the revenue versus the profit is going to be greatly dependent upon the power costs.
• And then also the difference in the price of the cards themselves. So already on AMD Radeon VII Graphics Card, if you can get your hands on it is probably around $100. And an RTX. 3090 is currently selling for I believe, $1,500, if you can get your hands on it.
• So if your intention of buying a GPU is solely to see to make money, then you need to take that into consideration. Because if the RTX 39, it costs you three times as almost three times as much. And it’s not making three times a profit. That’s something to consider.

There are also other things, for instance, the Radeon seven is a very hot running card. So then you’re going to have to consider you know eventing and fans and those sorts of things, which I’ve done a bunch of work with the AMD Radeon 7 Card, and so I’ve seen how difficult they can be to keep cool. But anyway, this is a quick easy way to look up the most profitable GPUs.

Some top GPU Models to increase Crypto Mining Profits

Mining performance: hash rate, specs, and profitability on popular cryptocurrencies. Make An App helps you calculate profitability so easily.

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