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Learn more about mining calculator through our help pages and blog
Mining calculator is a tool that helps you find the most profitable coins and multi-algo pool options at the given moment. You can find answers to different questions you might have in our help center.
Our blog on Medium is full of useful content about profit switch, mining calculator, and minerstat software. Browse through most popular tutorials and blog posts connected to mining calculator.
The following list of tutorials will help you set up profit switch on most popular multi-algo pools. These multi-algo pools usually payout in Bitcoin or any other cryptocurrency you set.
Get the answers to the frequently asked questions regarding the mining calculator and profit switch
The reward is calculated regarding the current mining difficulty, block reward, and current price. The data is provided by CoinSRC and is gathered through official coin sources. The data for multi-algo pools (NiceHash, Mining Pool Hub, zpool, Zergpool, and others) is gathered through the APIs that these pools provide.
We currently don't offer an option for 24h average difficulty because the main purpose of this mining calculator is to see the real-time state of the coins and use it in our profit switch feature. Also, calculating reward regarding the 24h average difficulty cannot be compared to the results that are provided by multi-algo pools as it wouldn't be fair.
For the coin prices, we use the API provided by Coinpaprika. For coins that aren't listed on Coinpaprika, we use CoinGecko API as an alternative source.
We have listed the majority of algorithms that are supported with the mining clients you can find in the minerstat software (msOS and Windows node) and there is a coin calculation or multi-algo pool available for at least one coin in this algorithm.
Besides software and different collections (coins, algorithms, hardware, etc.), minerstat also offers different features that will help you when setting up your perfect mining setup. One of these features that is available for free to all of our users is a benchmark that can be conducted to our sand-box stratum pools over pool.ms. If you don't have time to perform the benchmark, you can always check estimations of hashrates and power consumptions that are available on the hardware pages.
Profit switch is an advanced feature that we offer for free to all of our users. It allows you to enter the coins and multi-algo pools between which you want to switch and fully customize the switching event (minimum difference, minimum mining time, reward penalties, earnings drop triggers, and take into account fees and electricity costs).
Profit switch is available for any type of workers. This means that it works on any hardware that is supported on minerstat: Nvidia GPUs, AMD GPUs, FPGAs, and ASICs (including but not limited to Antminer, Baikal, Dayun, Innosilicon, Obelisk, BlackMiner, Whatsminer).
Currently, there are more than 250 coins in the mining calculator, almost 10 merged mining options and more than 200 multi-algo pool options. We are trying to add support for any coin that our clients are mining, as long as data on the coin is publicly available. From the more popular coins, we support Bitcoin mining calculator, Ethereum mining calculator, Monero mining calculator, Dash mining calculator, Litecoin mining calculator, Zcash mining calculator, GRIN mining calculator, and Beam mining calculator.
The low volume tag is assigned to all coins with the 24h volume lower than 1,000 USD. This means the coin is rarely traded on exchanges and hard to sell.
The spike tag is assigned to all coins for which the estimated reward spiked on the last sync.
The unrealistic tag is assigned to all multi-algo pools (with exception to marketplaces) that are reporting higher reward than the reward for the best normal volume coin in the same algorithm. Since there is little chance that the multi-algo pool can actually pay such reward, we decided to put a special tag in such situations.