
Biggest Roadblocks to Mining Profits
At the end of the day, the only thing that matters in cryptocurrency mining is profits. With a multitude of blockchains to mine, and a
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How to Use The Blockbase Crypto Mining Profit Calculator
This quick guide will help you get started with using the Crypto Mining Profitability Calculator. This calculator is a very handy tool and simple to use. It can give you, very quickly, insights on various metrics and predict an ROI based on certain inputs such as Block Reward, Number of Miners, Mining difficulty etc. This will help you plan your investing journey into the world of Crypto and maximise your ROI.
All you need to do is gather some data and input it into the calculator and you will get a good idea on the profitability metrics for either BTC or ETH. You will need Microsoft Excel installed in order to use calculator.
When you open the calculator file in Excel, you will see some tabs:
Let us dig in deeper.
Enter the Monthly ETH or BTC price change and Difficulty Rate Change here. The monthy price change is market dependent and you can enter various different numbers based on historical data and see the Calcs and the Output tab reflected with the profitability numbers based on the predicted price change.
The numbers in this tab will automatically update once you enter in the input values in the Input tab described above. This is a good way of seeing what the Earnings, Monthly Payouts or Accumulated Payouts and Accumulated Profit/Loss can be. Of course, a key indicator in the Payouts and Profit/Loss are the Scenario numbers (described above).
The Output Tab shows a summary and graph of profitability for 2 scenarios:
As you can see, the profitability calculator is simple to use and can provide a good overview of your ROI. Using this prior to investing, will help you plan and optimize for the best results. It makes sense to keep on top of market conditions and continue investing further (if the market conditions warrant it) to maximise profitability.
Please let us know if you have questions or comments about the calculator. We are always open to hearing your suggestions on how it can be improved.
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Mining is a complex Calculation, running on for this purpose built hardware. But how is that generating money? And how much do you have to invest to make a passive income. With our free Mining Profit Calculator you can learn how profitable Cryptocurrency Mining can be for you. Click the button, fill out your details and you receive your free Profitability Calculator within minutes!