How To Calculate Mining Profit: The Easy COMPLETE Guide!

If you're looking into starting cryptocurrency mining, you want to make sure that you're making a good profit on your main computer or GPU (graphics card)/CPU. In this simple video guide and tutorial, I show you how to calculate your overall profit made through mining cryptocurrencies or algorithms by investigating your computer's hashrate, power consumption, pool fee, and your electricity rate. All of these values can be used to calculate how much money you will earn (or possibly lose) through mining cryptocurrencies like Bitcoin, Ethereum, Litecoin, or ZCash.

The first and easiest method involves using the Nicehash profitability calculator, this will only work for Nicehash users.

The second method will work for everybody, but requires a lot more information and will be a bit more difficult because you have to calculate on an individual algorithm basis. You will also need to locate your hashrate and power consumption which aren't easy to find.

Note: This video does not talk about return on investment, since it's a very simple statistic for most people to figure out. Just divide the cost of your GPU(s) by your estimated USD/month to see how long it'll take to get a return on your investment.

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Amazon GTX 1060:
http://amzn.to/2Fwnvue

Amazon Kill A Watt:
http://amzn.to/2HhTvmf

Nicehash Setup Video:
https://www.youtube.com/watch?v=XnAjCMb_uEg

Nicehash Profitability Calculator:
https://www.nicehash.com/profitability-calculator

CryptoCompare:
https://itsssl.com/wPvqk

Common Mining Pool Fees:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

What To Mine:
https://whattomine.com/
#mining #cryptocurrency #techlore
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