Are you a person looking for mining crypto but don’t know where to start? Worry not WhatToMine has got you covered! While there are four main ways to mine crypto, GPU mining remains the most popular.
This is because it is both cheap and effectively faster as compared to other methods. Though the set-up of a GPU rig is costly which is about $3000 it pays off faster as compared to other mining options.
One GPU rig is made of one processor, a motherboard, coolant, rig frame, and obviously 2-8 graphics card.
With the help of two to four GPUs you can instantly start mining crypto, but the question of which coins will generate high profits according to your system and how to find it?
What is WhatToMine?
This is the most popular mining calculator among miners, some use it to calculate how profitable a specific coin is, and others to determine the best coin to mine with their system.
This platform supports many algorithms and has hash rates of popular graphics card hardcoded.
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How to Use It?
Don’t let the blank boxes on this website confuse you. We’ll simplify it for you. At the top of the page.
You’ll see the prevailing crypto exchange rate of most traded cryptocurrencies like Bitcoin, Ethereum, Monero, Ethereum Classic, Dash, and Litecoin.
Alongside the Logo of this website you will see the main menu with different tabs namely:
GPU – for determining profitability based on different algorithms for the most popular model of AMD/ NVIDIA graphic cards.
ASIC – a tool used for calculating profits for ASICs.
Coins – All cryptocurrencies offered by the website are listed here.
ETH+ – Calculation of profit through dual mining.
Miners – Ranking ASCI miner on their profitability.
GPUs – Ranking graphic cards based on their profitability.
WhatToMine offers many different types of equipment to choose from for calculating profit but among them, the most popular mining method is GPU mining.
Step 1: To calculate profitability through GPU mining you need to input your graphic card and choose from a list of popular GPUs.
Step 2: Enter the number of graphic cards you have and then you should see your card hash rates fill in by itself. You will also see the electricity cost column fill in by itself. If necessary you can change these default hash rates and power consumption.
Step 3: In addition to that you can also increase or decrease the number of exchanges from where the cryptocurrency exchange rate is taken.
Step 4: Lastly, click on the calculate button.
After that, a list of coins will be displayed a little lower on the page below the tables section which will tell you the most profitable coins according to your rig.
Who is Behind WhatToMine?
This website was launched in the year 2014 by Fredeq- a BitcoinTalk.org user.
You can easily contact the website owners through their contact page or join their discord community which has over 500 members.
Or you can follow them on Twitter where they instantly tweet about any upgrades done on their website.
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Conclusion
Profitability calculators offered by websites like WhatToMine are very helpful for cryptocurrency miners.
It helps you calculate profit on mining using different combinations of hashing algorithms and mining rigs.
However if you plan to get a long-term forecast using WhatToMine you might get in trouble because the market of cryptocurrencies is known for being highly volatile.