Introduction
Upon visiting the WhatToMine website, users may initially find the layout somewhat perplexing, featuring various blank lines and fixed dollar amounts. However, there's no need for concern, as the site offers familiar features ready for exploration.
Exchange Rates and Navigation
At the page's top, users can access exchange rates for different cryptocurrencies, including Bitcoin, Litecoin, Dash, Monero, Ethereum, Ethereum Classic, and Zcash. Positioned below the WhatToMine logo, a menu bar on the right side of the screen offers sections for calculating traditional mining profitability and dual mining.
Identifying Mining Algorithms
By examining the columns on the website, users can promptly identify various mining algorithms. Notable ones include Ethash and Equihash, used for mining currencies on the 2Miners website. The 2Miners team encourages users and friends to explore these algorithms and other valuable mining information.
How Mining Profit Calculators Work
When using the Mining Profit Calculators on WhatToMine, users should select the appropriate algorithm and input GPU hash rate and power consumption values. Optional information such as relevant exchanges can also be added. Upon clicking 'Calculate', the website will provide calculated results, presenting a list of currencies and estimated rewards below.
Users can also enter the number of GPUs of a specific model, and the website will automatically recalculate hashrate and power consumption based on the GPU count. After clicking 'Calculate', users will see the coins their rig can mine. In this case, the profitability of six Nvidia GTX 1070 GPUs is displayed.
ASIC Calculations
The ASIC tab operates similarly but with different algorithms. For example, entering AntMiner S9 values of 14 TH/s and 1340W will generate a list of mineable coins using the SHA-256 algorithm.
Coins Section
In the Coins section, users can select a currency such as Sia and input miner values to obtain a detailed table with estimated rewards over various timeframes. This table presents rewards in Sia, BTC, and USD, with net profit indicated based on rewards minus power costs and mining pool fees.
It's important to note that these results are rough estimates due to changing network difficulty and currency exchange rates. Additionally, estimated rewards may differ from actual results due to luck. Other website tabs function similarly, with dual mining requiring twice as many values.
Usage Tips and Conclusion
Before using the website, users are advised to ensure accurate values and to track electricity rates. Basic value conversion information is available below.
The WhatToMine website offers a powerful tool with calculators that reveal the most profitable coins for mining. As mining profitability fluctuates, this tool aids in informed decision-making by calculating hash power, electricity costs, and comparing them against the value of various minable currencies.
WhatToMine features several benefits, including access to exchanges like Binance, Bitfinex, Bittrex, CryptoBridge, Cryptopia, HitBTC, Poloniex, and YoBit, showing coin prices and where they can be sold. Users can choose GPU mining or ASIC rigs, exploring profitability across different time intervals and filtering results by volume and difficulty.
Additionally, the website provides a useful hash rate conversion tool for calculating mining rig hash power. Conversions include megahashes per second (MH/s) to kilohashes per second (kH/s), gigahashes per second (GH/s) to megahashes per second (MH/s), and terahashes per second (TH/s) to gigahashes per second (GH/s). Conversion rates are: 1 MH/s equals 1000 kH/s, 1 GH/s equals 1000 MH/s, and 1 TH/s equals 1000 GH/s. These conversions aid in comparing different rig powers or deciding on mining setup upgrades.
