How to use WhatToMine for profit tracking? (Calculator Tutorial)

Understanding WhatToMine Interface

1. Navigate to the official WhatToMine website and locate the main calculator section. The interface displays a list of cryptocurrencies ranked by estimated daily profitability.

2. Select a specific coin from the dropdown menu or use the search bar to filter by algorithm, hardware compatibility, or network difficulty.

3. Input your mining hardware specifications manually—hash rate, power consumption in watts, and electricity cost per kilowatt-hour. These values directly affect profit accuracy.

4. Observe real-time updates as the tool recalculates net earnings after deducting electricity expenses and pool fees.

5. Toggle between BTC, USD, and other fiat or crypto denominations to view returns in preferred valuation units.

Interpreting Profitability Metrics

1. Daily profit shown includes gross revenue minus electricity cost but excludes hardware depreciation, cooling overhead, and maintenance labor.

2. Net profit margin is displayed as a percentage next to each coin—this reflects how much remains after energy costs relative to gross income.

3. Hash rate contribution per GPU or ASIC is auto-calculated based on average network hashrate and block reward distribution models.

4. Difficulty adjustment forecasts are embedded using historical 7-day moving averages, influencing projected earnings over short time windows.

5. Pool fee impact is modeled at default 1% unless custom value is entered, affecting final payout figures.

Comparing Mining Algorithms

1. Click the “Algorithms” tab to isolate coins using Ethash, SHA-256, RandomX, or KawPow—each with distinct hardware efficiency profiles.

2. WhatToMine highlights which GPUs perform best under memory-bound algorithms like Ethash versus compute-heavy ones like SHA-256.

3. Algorithm-specific profitability charts update dynamically when switching between AMD and NVIDIA GPU presets.

4. Historical algorithm dominance data shows shifts in coin viability due to ASIC resistance changes or developer-imposed forks.

5. Power efficiency ratios (MH/W) appear beside each algorithm listing, enabling cross-hardware benchmarking without manual computation.

Exporting and Monitoring Data Trends

1. Use the “Export CSV” button to download hourly profitability snapshots for spreadsheet-based trend analysis.

2. The “Compare Coins” feature allows side-by-side evaluation of up to five assets across 24-hour, 7-day, and 30-day rolling windows.

3. Network hash rate volatility indicators appear as colored bars beside each coin, signaling potential short-term swings in miner competition intensity.

4. Block time consistency metrics show deviation from target intervals—higher variance correlates with unpredictable payout timing.

5. Transaction fee inclusion settings let users toggle whether mempool-driven income is factored into estimates.

Frequently Asked Questions

Q: Does WhatToMine account for wallet withdrawal fees?A: No. Withdrawal fees from exchanges or mining pools are not included in calculations. Users must subtract these manually from final payouts.

Q: Can I input custom pool fee percentages?A: Yes. A dedicated field allows entering any pool fee value between 0% and 5%, overriding the default 1% assumption.

Q: Why does profitability fluctuate even when my hardware specs remain unchanged?A: Real-time adjustments occur due to live network difficulty updates, exchange rate volatility, and changing block reward schedules across different chains.

Q: Is WhatToMine compatible with merged mining scenarios?A: No. The platform does not model merged mining profitability, as it assumes single-chain operation and fixed reward allocation per block.