What is a Bitcoin mining calculator?

If you’re interested in Bitcoin mining, it’s important to know how much computing power is needed to carry out the process. A good way to figure this out is to use a Bitcoin mining calculator like the one above. Bitcoin mining calculators are used to calculate mining profitability.  These calculators are available online, and they allow miners to determine if their current setup is profitable based on the current bitcoin price and the hash rate of their hardware. The mining calculators provided by popular Bitcoin wallets are also useful in helping you decide which wallet to use.

Using a Bitcoin mining calculator

To use a bitcoin mining calculator, enter in the information about your mining hardware and electricity costs. The calculator will then tell you how much profit you can expect to make.