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HASH CALCULATOR COMPARISON HOW TO

The calculation for such a coin can be unreliable. To use the same comparison, this means that the network consists of 168 such workers. EXP: EXP’s network hashrate is 84 GH/s.This is way less, but still quite powerful. To use the same comparison, this means that the network consists of 3,000 such workers. ETC: ETC’s network hashrate is 1.5 TH/s.

You can conclude that the mining calculator’s estimations on such coin are quite accurate as long as the pool has normal luck. This means that the network holds 460,000 such workers. If a single GPU makes 50 MH/s and you have a rig with 10 such GPUs, you are making 500 MH/s with one worker. ETH: ETH’s network hashrate is 230 TH/s.Let’s see four examples of coins on the Ethash algorithm: Why is this information important? Because you will know if there are only 3 high-end GPUs that are mining specific coin, all estimations are probably unreliable.

A lot of our customers are using profit switch and they want to know current estimated earnings and not earnings based on the historical data. At minerstat, we do have this option, but by default, we show real-time data. Timeframe: Some mining calculators are using estimated rewards that are based on average or median difficulty.Make sure that you are comparing results that are using the same values. Hashrate, power consumption, and fees: Some mining calculators have already predefined different hashrate, power consumption, and fee values while on others you need to enter them manually.In case you see that we are showing a too high block reward, you can use the report button and we will check it and correct it as soon as possible. At minerstat, we are dedicated to removing the part that doesn’t go to miners and showing and using only the part of the block reward that miners actually get. Block reward: Some mining calculators deduct the part of the block reward that doesn’t go to miners while others don’t (for example, POS rewards and dev fee rewards).Make sure that you are comparing results that are using the same source for the coin price.

Coin’s price: Coin’s price depends on the exchanges that are used in the mining calculator.

So if all calculators use the same variables and same formulas, how can estimated earnings be different? On the other side, on marketplaces, such as NiceHash, the mining calculator shows the earnings that depend on the values of the buyers’ orders and current BTC price. Most of the mining calculators are calculating estimated earnings based on network hashrate, difficulty, block reward, and coin’s price. One of the most common questions when speculating mining estimations is what are the differences between different mining calculators. If the inputs to these calculations are different, so will be the results. The results of the mining calculator are just the results of multiplying and diving different numbers. #2 rule of every mining calculator: Always take the results of the mining calculator as a point for comparison and not a sacred truth. And as soon as a coin is being mined with minerstat, we add it to our mining calculator. Why is such a coin on the mining calculator anyway, you might ask? Because some of the experienced miners, developers of this coin, or pool operators for this coin are actually mining this coin. Thousands of people use mining calculators every day and they have stumbled upon the same data as you did - if the coin would actually be making fortunes, most of the miners would already mine it. #1 rule of every mining calculator: If the estimated earnings of one coin are very high, there is a greater chance that there is something wrong in calculation or with this coin particular than the chance of actually making that much. They will answer the questions a miner should be asking when they are exploring what to mine.

HASH CALCULATOR COMPARISON HOW TO

While we already published a guide on how to use a mining calculator like a pro (which you should also read), there are still some other tips and tricks you can use. With the increasing number of people exploring different mining calculators, more questions rise up.