Learning how to calculate your hashrate can be a tricky task for those new to mining. For the most part, this can be accomplished in one of two ways.
The first option is to use mining calculators like whattomine which has a large database of benchmarks for a wide variety of mining hardware.
The second option is to download mining software and run benchmarks on the mining hardware you’re wanting to know the hashrates for. So in this guide, we wanted to go more in-depth around this topic. By the end of the guide, you’ll be a pro at figuring how to calculate your hashrate.
How is Hashrate Calculated?
Before we dive into the details of determining your hashrate, its important to know how hashrate is calculated. In an article, we recently published about what hashrate is and we mention that miners are in a race to solve a block.
Meaning miners are computing many calculations each second. The number of calculations that a piece of hardware can perform is measured in hashrate or hashes per second. The more calculations a piece of hardware can perform the higher its hashrate will be.
Furthermore, hashrate has several different ways its measure. For example, a 1060 6Gb GPU has an average hashrate of 22 mega hashes mining Ethereum yet it has a hashrate of 300 sols on avg while mining Zcash.
Here Are Some of the Common Units of Hashrate:
- H/s- Hashes Per Second
- Mh/s- Mega Hashes Per Second
- Sols- Solutions Per Second
- Gh/s- Graphs Per Second
Therefore it’s important to note that your hashrate will not only vary on the hardware being used but it will also vary depending on the coin you choose to mine.
So how do you know what your hashrate is? Let’s keep reading.
How To Know My Hashrate
There are a few ways to go about finding out what your hashrate is however there a few details you must know beforehand. The first thing you must know is what type of hardware you’re planning to use. The second detail you must know is what coin you’re planning to mine.
Once you know these details you can head on over to a site called whattomine and determine your hashrate. The site allows you to quickly gain insights into hashrate data from some of the most popular mining hardware and coins around.
For example, let’s say you were looking to mine Ethereum with a brand new Nvidia RTX 2060 GPU and you wanted to know roughly what its hashrate and power consumption was first. All you have to do is select the 2060 from the whattomine menu and hit calculate to gain key insights into the cards hashrate and mining performance.
As you can clearly see from the example image above that the Nvidia RTX 2060 has a hashrate of 28.5 mega hashes when mining Ethash which is the algorithm that Ethereum currently uses. Just below the hashrate, you may have noticed the site gives you the 2060 power consumption as well.
With data like this, we can also project potential mining profits as well. Using the same GPU we can also determine which coins might be best to mine to maximize profits as well. See the image below for an example.
However, using mining calculators like whattomine is not an exact science. The calculations made are mere estimates. Furthermore, the RTX 2060 has a super series card that can mine Ethereum at a hashrate of around 40 Mh/s yet the site does not reflect those stats in its benchmarks.
Additionally, the site does not account for all the various types of mining hardware available on the market. However, there are still some ways to figure out what the hashrate is by conducting a google search.
For example, if I wanted to know what the hashrate is of the new S19 ASIC Miner that Bitmain is releasing soon then I could get that data from Bitmain’s main site. However, if you’re looking to CPU mine with something like a laptop or MacBook, there’s not a lot of data available on the internet. You could possibly find your CPU hashrate with a site like hashrate.com but again it’s not an exact science.
This mainly due to the fact that CPU mining isn’t as popular as GPU or ASIC mining. Yet there are some ways you can find out what the exact hashrate is by running a mining benchmark software.
How To Test My Hashrate
So now you know about sites like whattomine but maybe you want to get the exact hashrate of your mining hardware. The good news there are some ways you can test your computer to find out what its exact hashrate is.
However, this will require you to download software and run a benchmark. Mining software like Cudo Miner and Nicehash are great options for this exact purpose and are easy to use.
All you need to do is download the software onto the device you’re wanting a benchmark for and enter a Bitcoin wallet address and press start. From there the mining software will scan the computer’s hardware to see what’s available and then begin running a series of tests.
The test can take up to 30 minutes to complete depending on the hardware being used and the number of algorithms you’re planning on testing. However, the advantage of doing it this way will be the fact that you’ll have a more precise benchmark of what your mining hardware’s hashrate is.
Other Resources For Hashrates
Mining Rig Calculators:
This concludes or how to calculate hashrate guide. In the end, the best way to know what your hashrate will be is to find the coin you want to mine and run a benchmark on your hardware. However, sites like whattomine can provide quick insight that can be used as a guidepost even though they are not exact figures.
Additionally, if you found this guide to be helpful then please drop a comment below. We love hearing from crypto enthusiasts from all around the world. HAPPY MINING!!