In order to mine profitably its best to mine in naturally cool areas (e.g. Iceland) where electricity is cheap and cooling is less required. The xcpo ETC yield calculator allows you to find the ratio between expenses and profits. The information is presented in a period of one month or less.
The beauty of it is that you can probably answer this question without spending a dime by running the right calculations. I hope by now you have a clearer understanding of how to calculate Ethereum mining profitability. Using only one 40 Mh/s miner at today’s difficulty and exchange rate it would take 300 days to mine 1 Ether. It is important to point out that the number of days calculated does not account for difficulty increases and decrease as well as block reward increases and decrease (halvening).
ETC Profitability Mining Calculator
The Ethereum Classic mining information is updated continually with the current block mining information. This information is used as the default inputs for the ETC mining calculator along with the default hashrate and wattage specs from the best Ethereum Classic miner. ETC mining calculator is not the only indicator of the profitability of mining this cryptocurrency, but its results are informative enough to form key aspects of the work process. Ethereum Classic cryptocurrency has become one of the most popular after the transition of ETH to the new algorithm. ETC calculator can help you determine how profitable mining this coin will be in the current environment. When you are deciding which coins to include to the profit switch, we suggest to think about the payout system of the pool, what is the minimum amount of coins you need for the payout, which coins are interesting to you, etc.
- If you don’t know the hashrates, you can load them from the benchmark or from our hardware database.
- As mentioned in one of the previous tutorials, the address editor is like an address book of all of your pools and wallets addresses.
- While, mining Ethereum Classic is still profitable as of right now…
- Select coin, the pool that was defined in the address editor, the wallet that was defined in address editor, and the pool’s fee if you want to take this aspect into consideration as well.
- Because you defined them and use them in the config settings, our profit switch algorithm can choose between them to know where to connect and to which wallet to mine.
So if you want to switch to the new coin when the new coin is 0.5% better than the current coin, enter 0.5%. If you want to switch to the new coin when the new coin is 5% better than the current coin, enter 5%. Power cost – How much are you paying for a KiloWatt per hour of electricity in USD.
Ether Mining Calculator
We are not responsible for any post-purchase miner profits or losses. As mentioned in one of the previous tutorials, the address editor is like an address book of all of your pools and wallets addresses. Because you defined them and use them in the config settings, our profit switch algorithm can choose between them to know where to connect and to which wallet to mine.
So if you haven’t already, open your address editor and define pools at which you want to mine and the wallets to which you will mine. After that, you will be able to add other profit switch settings. When we decided to implement a profit switch we were wondering which approach could we take. Since we are monitoring and management software, we don’t own any pools and don’t have a simple, straightforward way to compare a few values and decide regarding them what is best. What made our solution easier to implement was the fact that we have implemented the address editor.
How can the Ethereum Classic (ETC) mining profitability be calculated
After that, don’t forget to activate profit switch for your workers through worker’s config or on the workers’ list under switch miner icon. Profit switch can be applied to one worker or multiple workers at once. When selecting a target to which profit switch will apply, you can select all workers from certain groups or just mark individual workers to which you want to apply the profit switch.
Profit switch is one of those functions every miner wants, especially when there are more and more coins available at the marker or when the rewards are lower and every cent matters. Yes, Ethereum mining is still profitable in 2021 IF you have the right configuration. This means your electricity cost is cheap enough to make a substantial profit. ETH/Block reward – How many Ether is distributed each time a successful block is mined.
BITMAIN ANTMINER E9 ETH/ETC Ethereum Miner 2.4Gh/s with Power Supply BT-MINERS
Ethereum mining is no longer possible; Ethereum moved into a PoS algorithm in 2022, which rendered mining obsolete. Two staking alternatives we recommend looking into are CEX.io and Binance. All of the above are the primary factors that affect the efficiency of ETC mining. In addition to that, you will be offered equipment that will make the process more efficient. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts.
Along with the Ethereum Classic mining profitability, the list of top 5 Ethereum Classic miners is updated frequently. Enter your Ethereum Classic mining hashrate, power consumption in watts, and costs. You need to enter the hash rates for individual algorithms and their power consumption manually.
Ethereum Classic SOLO Mining Guides
This information updates from time to time to keep the Ether money supply in check. The leader in the field of cryptocurrency miner hardware, so that every cryptocurrency enthusiast can realize their wishes. Ethereum Classic is one of many altcoins that you can mine. Check out our other calculators to see if another one coin could be more profitable for you.
Calculate your Ethereum Classic mining profitability and estimated mining rewards by starting with the Ethereum Classic mining hashrate calculator inputs above; mining hardware, mining costs, and mining reward. The results of the calculator will show you daily, weekly, monthly and yearly profits along with how much time, in days, it’s going to take to breakeven on your investment, i.e. taking into account your contract fee or your hardware costs. The profit results are estimated and based on the ETC to USD exchange rate, along with the current mining difficulty. Input everything from your pool fees to your hashing power/hash rate.
If you’re using cloud mining services, input your contract fee. If you’re using your own rig, input your hardware costs, power usage, power cost in kw per hour (you can find this on an electricity bill or search online for state averages if you’re not sure). If there’s any cryptocurrency rivaling the popularity of the traditional Bitcoin, it’s Ethereum. Compatible with open-source blockchain and smart contract functionality, this currency is a rising star in the trading world. So, should you want to take advantage of its opportunities and earn ether, make sure you have quality Ethereum mining hardware. BT-Miners provides ETC and ETH miners from a series of top industry brands like Innosilicon, Jasminer, iPollo, Bitmain, and more, all to ensure you have a fighting chance at gaining this cryptocurrency.
Because different algorithms can be overclocked with different settings, you can also determine which overclocking profile you want to use for a certain algorithm. This mining calculator will display your expected earnings in both Ether and Dollars. The calculations are based on the assumption that all conditions (difficulty and prices) remain as they are below and does NOT take into consideration the uncle block rewards. Pool fees – Usually miners group together into mining pools in order to increase their chances of successful mining. First of all, it is important to remember that the cryptocurrency market is extremely volatile and the value of coins changes very quickly and often significantly. The ETC mining calculator works so that when you enter the necessary parameters, you get calculations on how good this process is in the current situation.