One of the most asked questions on every crypto mining forum, Facebook group, or channel is: What to mine?
The answers will usually vary between a semi-unknown coin that has enthusiastic fans, easy to set NiceHash, and more popular and widely known coins, such as ETH or XMR.
While the person asking this question usually focuses on the coin, there are some other criteria that will narrow down his actual choice: mining system, hardware type, and mining clients that are available and can reach different speeds. Not all coins can be mined on all mining setups.
To help you out, we have established two simple pages: coins and mining calculator.
Coins
Coins will list the coins that are available for mining at minerstat (you can always mine the coins that aren’t listed here, but we won’t be able to calculate the reward so the statistics will be incomplete), including the rewards at most popular multialgo pools, such as NiceHash, Mining Pool Hub, Zpool, Zergpool, and Block Masters. For each coin, you are able to see which hardware supports it and on which software it is available.
For example, you can see that Bitcoin can be mined on ASIC, and ETH on both Nvidia and AMD and Windows and Linux setups and ASICs.
Each coin can be examined more closely, by clicking on its name. On the coin profile, there will be also a list of mining clients that are available for this coin.
Mining calculator
On the mining calculator, we first show you the list of all algorithms that are available for mining on Nvidia, AMD, and ASIC. By typing in the hashrate and power consumption, you can create a comparison table to see which coins from all the algorithms you have chosen are the most profitable one and how much would you made after the electricity price is deducted. You will also be able to see on which software the coin is available for mining: msOS, Windows node, or ASIC Hub.
So, you can find out what to mine in 3 simple steps.
💻 1. Open mining calculator and select your mining rig type (AMD, Nvidia, or ASIC)
Open our mining calculator page and select AMD, Nvidia, or ASIC to load the algorithms that are available to mine. If you plan to use this or any other data later, we suggest you to also choose a nice name for the dataset - for example, the name of your rig, 6xGTX1080, or something like that. You can also select your preferred currency and enter the electricity costs.
✏️ 2. Enter the hashrates your rig reaches on specific algorithms
Enter the hashrates (and power consumptions if you want to include this info as well). If you don’t know what hashrate your mining rig is making on certain algorithms, you can use the numbers you find around the web or try running different miners on your rig.
🔎 3. Examine the results
The results will list all coins (that we are able to monitor) for selected algorithms, their rewards, their electricity costs, final profit, and software on which coin is available for mining: msOS (Linux mining OS), Windows node or ASIC Hub.
You will then clearly see what you can mine and which coins are more profitable for your mining setup.
By clicking on the coin’s name, you can also check its profitability in the past - this will give you a better idea if mining this coin looks stable, if there are peaks every now and then, and so on.
Also, don’t forget that you can set up a profit switch on minerstat and the software will do this whole analysis for you in the background. You can read more about it in this tutorial.
Hope we helped and happy mining!
