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Author Topic: Profitability? Best Mining Calculators?  (Read 361 times)
markiz73
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April 14, 2019, 11:04:30 AM
 #21

https://whattomine.com this is an old and well-known service. But it does not contain up-to-date information about recently appeared coins. This is a huge disadvantage of this service. If you are too lazy to consider yourself, it is better to use a paid service. For example https://calcminer.info
The cost of use is very small 30 days = 0.002 BTC, for a month you will decide exactly whether it is a useful service or not
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April 14, 2019, 11:21:50 AM
 #22

The profitability of mining altcoins solely depends on how long you are going invest and mining the altcoin. But the best site to help you calculate your potential earnings within a day or months is https://whattomine.com/coins.
Let me answer for you with your own post Smiley
In terms of market value, I will agree that most altcoins are worth zero. Some are just in the crypto ecosystem to occupy space. Some of these coins have no specific purpose that aims to help the crypto ecosystem solve gaps in this ecosystem.
I did not see how whattomine telling you this Wink

and i think you really have no clue what you are posting about Wink
Ethereum mining is a long term investment plan. If you invest in getting a mining rig which can mine at least 4 ETH within a day and you dedicate at least two good years mining ethereum, you will be having 2920 ETH which will be very profitable even if the price of Ethereum is worth $100.

Let me guess...  Smiley you used whattomine to calculate your potential earnings for the next 2 years  Grin, but forget about Ethereum's intended transition from PoW (Proof of Work) to PoS (Proof of Stake), forget about difficulty bombs, difficulty growth and a few more important things Wink ... Yeah your mining calculator forget about all those small details  Grin  Grin  Grin
oh..by the way ... there is no mining rig available what can can mine 4ETH a day Smiley for 4 ETH / day you need around 12000MH/s as of today Smiley so you need around 50-60 mining rigs for that and a minimum of 60-70kw/h electricity available and some place to install your miners Smiley

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April 14, 2019, 05:17:49 PM
 #23

Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.
Yeah it’s right mate that after calculation we will get result. Miners need to calculate thier total reward at a time to get result of their benefits and losses. For this they can use some good calculator.

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