How to use WhatToMine for coin selection? (Profitability Check)

Accessing WhatToMine Interface

1. Open a modern web browser and navigate to the official WhatToMine website.

2. Ensure JavaScript is enabled, as the site relies heavily on dynamic calculations.

3. Confirm the displayed timestamp reflects current data—WhatToMine updates hash rate, difficulty, and price values every few minutes.

4. Locate the “Select Hardware” section at the top of the main page.

5. Choose your GPU or ASIC model from the dropdown menu or manually input hashrate and power consumption values.

Configuring Mining Parameters

1. Enter accurate power draw in watts measured at the wall socket—not just TDP.

2. Input local electricity cost per kilowatt-hour, using precise utility billing data.

3. Adjust pool fee percentage if known; default is usually 1% unless specified otherwise.

4. Toggle between BTC-denominated and USD-denominated profit views using the currency selector.

5. Enable or disable “Show All Coins” to filter out low-market-cap or delisted assets.

Interpreting Profitability Metrics

1. Focus on the “Daily Net Profit” column—it subtracts electricity cost and pool fees from gross mining revenue.

2. Compare “BTC/Day” and “USD/Day” side-by-side to assess volatility exposure and purchasing power impact.

3. Observe the “Profitability Change (24h)” indicator—a red or green arrow shows short-term trend direction.

4. Note the “Algorithm” field next to each coin; this determines hardware compatibility and long-term viability.

5. Check “Network Difficulty Change (7d)” to gauge upward or downward pressure on future earnings potential.

Handling Algorithm-Specific Anomalies

1. Lyra2z-based coins frequently display inflated estimates for AMD RX 480 GPUs due to flawed kernel timing assumptions in legacy calculators.

2. Ethash coins show consistent results across most devices but require VRAM capacity verification before trusting projected DAG size thresholds.

3. RandomX outputs may vary significantly when CPU cache configuration or thread count isn’t precisely mirrored in input fields.

4. BeamHash III estimations often misalign with real-world performance on NVIDIA RTX 30-series unless memory bandwidth throttling is manually accounted for.

5. Scrypt-N variants generate unstable projections when network retargeting intervals exceed 12 hours—manual recalculation is advised.

Frequently Asked Questions

Q: Does WhatToMine include cloud mining contracts in its profitability model?A: No. WhatToMine exclusively models locally operated hardware. Cloud mining services involve third-party fees, uptime guarantees, and contract terms outside its scope.

Q: Why do some coins appear profitable on WhatToMine but yield zero blocks in practice?A: The tool assumes ideal conditions—no stale shares, perfect pool connectivity, and full block propagation. Real-world latency, share rejection rates, and orphaned blocks reduce actual returns.

Q: Can I export WhatToMine results to CSV or JSON format?A: Not natively. The site does not offer built-in export functionality. Users rely on browser extensions or manual copy-paste into spreadsheet tools.

Q: Is WhatToMine compatible with macOS on Apple Silicon chips?A: Yes. It functions fully in Safari, Chrome, and Firefox on M1/M2/M3 Macs. However, native apps like ProfiMine Pro require separate macOS binaries and are not substitutes for the web calculator.