What is a crypto calculator?
Often we are faced with a situation where we need to convert one crypto to another or calculate potential profit from cryptocurrency mining. To do it without unnecessary difficulties and without much time spent on it, we can use the so-called crypto calculator.
In this article, you will find a list of crypto calculators to use when needed.
Crypto trading profit calculators
In order to find out your trading profit, you only need to do a few operations with raw data.
Case in point
We buy 3 BTC for $10 800 and sell them for $14700 taking into account that the size of the transaction is 3 BTC.
So to calculate your trading profit, let's turn to this formula:
Trading profit = (selling price - purchase price) * size of the transaction
Having the initial data in our example we will get : (14 700 - 10 800) * 3 = 3 900 * 3 = 11 700. And as you may have noticed, this method is very easy to use.
Sabe calculator
To use this simple calculator, go to the website and put your purchased token into Tether (USDT), Ripple (XRP), Litecoin (LTC), etc., with the number of purchased coins and the buying price. The result is the funds you've earned or lost in conformity with the data from CoinMarketCap.
Easy Bitcoin calculator.
The client specializes only in BTC. Just like with Sabe calculator, you need to specify the number of BTC and selling and purchased prices. As distinct from the Sabe calculator, you could incorporate fees. Moreover, you can state long or short strategies, if you want.
Crypto-to-crypto, crypto-to-fiat calculators
This type of calculators is usually in demand on the web. We can use it in the process of exchange from one cryptocurrency to other cryptocurrencies or to fiat.
CoinMarketCap calculator
The service might be the fastest way to convert your BTC into USD, EUR, JPY, AUD, BRL, CNY and many more. Moreover, you can use this program to exchange from one fiat currency to another.
Currexy.
It allows you to see the price of your BTC in several currencies. To get the result, the only thing you need to do is to put the total amount of your coins into the field.
Mining profitability calculators
When a miner decides if they should mine crypto, they should take into account several obstacles that they may encounter: energy use in watts, the price per kWh, hashing power of the mining rig and the pool fee. The following calculators help you with this objective.
CryptoCompare calculator
The calculator helps you calculate your income from mining over a period of time. Due to this, you can understand if the juice is worth the squeeze.
This calculator is accessible for BTC, ETH, ZEC, DASH, LTC.
BTC.com Mining calculator.
The service is a bit more complicated than “CryptoCompare calculator”. For example, in addition to the characteristics mentioned for the CryptoCompare Calculator, this one gives you a chance to add several mining rigs, start difficulties, difficulty increases and profit ratios.
Summing up the above...
As a miner, you can choose absolutely any method depending on what initial data you have and what information you need in the end. There are three types of calculators for calculating your trading profit:
- Crypto trading profit calculators;
- Crypto-to-crypto,
- Сrypto-to-fiat calculators;
- Mining Profitability calculators.
It is essential to know that before using crypto trading profit calculators, you will need to make several calculations manually; crypto-to-crypto and crypto-to-fiat calculators are based on converters from one cryptocurrency to fiat or other cryptocurrencies. As for mining profitability calculators, they will help you understand whether you should mine or not at all.
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