Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: blackbyte83 on September 03, 2017, 11:26:26 PM



Title: Accuracy of mining calculators
Post by: blackbyte83 on September 03, 2017, 11:26:26 PM
Hello,

I am thinking about renting some hashpower on Nicehash. For calculating the possible profit I use the whattomine and coinwarz mining calculators. And sometimes the outcame is 10% or more, where I think to buy the hashpower to mine the particular coin.

But I wonder how accurate they are? Do you have any experiences and comparisons?

I understand very well, that the results of these calculators are only a "snapshot" of the current situation, which can change within hours or even minutes.

I appreciate any information about this.

Best, Alex.


Title: Re: Accuracy of mining calculators
Post by: Agozyen on September 04, 2017, 03:24:11 AM
I have found  the calculators to be very accurate.  I wouldn't hesitate to get a second opinion from another calculator though if you think the first one was wrong or off.


Title: Re: Accuracy of mining calculators
Post by: joshuaj on September 04, 2017, 04:07:19 AM
Usually mining calculator uses data from last few hours, so the accuracy should be good. You may subtract it with -1% or -2% to get a conservative value as coin difficulty increased.


Title: Re: Accuracy of mining calculators
Post by: blackbyte83 on September 04, 2017, 01:19:51 PM
Ok, thank you guys! I think I'll try it. :)