{"id":384,"date":"2018-04-24T23:12:44","date_gmt":"2018-04-24T23:12:44","guid":{"rendered":"https:\/\/2miners.com\/blog\/?p=384"},"modified":"2020-02-25T22:13:34","modified_gmt":"2020-02-25T22:13:34","slug":"how-to-use-the-whattomine-definitive-guide","status":"publish","type":"post","link":"https:\/\/2miners.com\/blog\/how-to-use-the-whattomine-definitive-guide\/","title":{"rendered":"How to Use the WhatToMine – Definitive Guide"},"content":{"rendered":"

WhatToMine is a popular mining profit calculator for crypto coins miners. Some use it to calculate how profitable it is to mine specific coins, while others try to determine which coin is better to mine in general.Anyway, you should know how to use the website correctly. Let\u2019s take a closer look.<\/p>\n

What to Mine\u00a0<\/strong><\/h2>\n

The first seconds on the website<\/a> are the most confusing. There are a lot of blank lines and fixed sums in dollars. No worries, let\u2019s search for something we are all familiar with to start.<\/p>\n

You\u2019ll find it at the top of the page \u2013 exchange rates of the main cryptocurrencies: Bitcoin, Litecoin, Dash, Monero<\/a>, Ethereum and Ethereum Classic, Zcash, etc.<\/p>\n

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Below there is a WhatToMine logo and to the right \u2013 the menu bar. The first three sections are used to calculate the profitability of traditional mining, while the last three are for dual mining.<\/p>\n

Now let\u2019s take a look at the columns. They correspond to different mining algorithms. The ones that catch the eye are Ethash and Equihash \u2013\u00a0on 2Miners<\/a>, we mine currencies based on these algorithms. We\u2019ll be glad to see you and your friends on our website.<\/p>\n

Mining Profit Calculators at Work<\/strong><\/h2>\n

You should choose the right algorithm, enter the GPU hash rate and power consumption. If you wish, you can add relevant exchanges. Click on Calculate<\/em>.<\/p>\n

The website will then calculate the result. Below you see the list of currencies and estimated rewards.<\/p>\n

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Another option is to enter the number of GPUs of a certain model.<\/p>\n

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The website will automatically recalculate hashrate and power consumption based on the number of GPUs.<\/p>\n

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After you click on \u2018Calculate\u2019, you\u2019ll see the coins that your rig can mine. In this case, you see the profitability of six Nvidia GTX 1070 GPUs<\/a>.<\/p>\n

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ASIC, the second website tab, works in the same way, but with different algorithms. The first in the list is SHA-256.<\/p>\n

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That\u2019s how it works. We enter AntMiner S9<\/a> values for SHA-256 \u2013 14 TH\/s and 1340W. Then we click on \u2018Calculate\u2019 and get the list of the coins we can mine.<\/p>\n

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Now let\u2019s go to the third section \u2013 Coins, and choose Sia. It is mined by AntMiner A3, which the primary profit results after an announcement amounted to $521. Let\u2019s see how it changed after a couple of months.<\/p>\n

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We enter miner values of \u2013 815 GH\/s and 1275W. To get an even more precise result, we can specify the cost per kWh and the hardware cost. Then we click on \u2018Calculate.\u2019<\/p>\n

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We get the detailed table with estimated rewards per hour, day, week, month and year. The columns show estimated rewards in Sia, BTC, and USD. The last column shows the net profit that equals the reward minus power costs and the mining pool fee.<\/p>\n

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Keep in mind, that all the resulting numbers are rough estimates. Network difficulty<\/a> and currency exchange rates are always changing, so there is no point in calculating rewards for a week, a month, or a year.<\/p>\n

Moreover, estimated rewards are often far from reality. WhatToMine calculations are based on 100% luck, while in reality luck may reach 900%. You\u2019ll find more information about mining and luck here<\/a>.<\/p>\n

The other website tabs work in the same way. For dual mining<\/a>, you will have to enter twice as many values.<\/p>\n

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Before using the website, make sure that all the values are correct and that you remember the electricity rates. Below you\u2019ll find basic information for value conversion.<\/p>\n

Hash Rate Conversion<\/h2>\n