Elixir (ELX) is a blockchain platform bridging institutional RWAs to DeFi, offering yield opportunities and liquidity support for decentralized exchanges.

 (RWAs) are one of the hottest topics in 

 setting still comes with its own share of issues. First, asset owners such as investment funds don't have a wide choice of alternatives for securely tokenizing their assets in a compliant way. Secondly, there's a lack of sufficient avenues for the active use of RWAs within DeFi protocols after the assets have been tokenized and brought on-chain.

As a result, many institutional asset owners are still hesitant to use their funds within a blockchain environment. Those brave enough to adopt RWAs by tokenizing their assets on-chain face the reality of limited choices for deriving healthy returns from their investment. 

Due to these factors, RWAs — despite having great promise as a bridge between traditional and web3 finance — are still underutilized within DeFi.

Elixir is a modular blockchain and DeFi-focused platform that aims to make it easy for institutional investors to utilize their RWAs in yield-bearing products on-chain. The platform also acts as a 

, decentralized USD (deUSD), plays a key role in enabling active RWA use for yield and liquidity provision to partner DEXs.

 (ELX) is a blockchain network that facilitates institutional investors' use of RWAs in the DeFi ecosystem and provides liquidity support to DEXs. 

The project features a synthetic stablecoin, deUSD, that’s backed by collateral made up of two crypto assets — USDS and 

 (SKY), formerly known as MakerDAO (MKR), while stETH is a tokenized version of staked Ether (ETH) provided by the 

Elixir enables institutional holders of tokenized RWAs, such as those issued by Securitize and other RWA service providers, to mint deUSD and use it in DeFi while still earning yields from their underlying assets.

Elixir also helps other DEXs by enabling its users to supply liquidity to order book–based exchanges easily. This reduces DEXs' reliance on centralized market makers and allows them to access additional liquidity. Users who provide liquidity earn subsidized APYs, which are either incentivized by Elixir or the DEXs themselves. As of early 2025, Elixir has already been integrated by more than 30 DEX platforms.

The Elixir project was founded in 2022 by Philip Forte and Christopher Gilbert. Its chain launched the first phase of its mainnet operations in October 2024 and held a token generation event (TGE) for its native cryptocurrency, ELX, on Mar 7, 2025.

 (DPoS) consensus model. The project’s documentation states that its network features a highly modular design and high throughput capacity.

To synchronize its work with other DEXs, the network uses exchange feeds, which pull live trading data from these DEXs and send it to Elixir's data aggregators. An aggregator node is then responsible for creating an encrypted database from these feeds and passing it to the chain’s validator and auditor nodes. Then, relay nodes execute trades on DEXs using their API keys, collect order proposals from validators and send them for auditing before final execution.

Elixir's validators secure the network using a DPoS consensus model, whereby users can delegate their funds to a preferred full validator node. The network requires a 66% consensus among its active validator nodes in order to approve transaction blocks.

A validator node needs to have at least 9,000 ELX 

 or delegated to it to earn block rewards. As such, it's important for users to choose a reasonably popular validator in order to ensure they can earn rewards from their delegated funds. For instance, as of the time of this writing (Mar 17, 2025), fewer than 30 Elixir validators have enough funds staked with them to generate rewards.

We noted above that relay nodes send order data for executing transactions on other DEXs for further auditing before the actual execution occurs. Auditors are the 

 responsible for verifying this data before the orders can be placed. In addition to the order data sent by relay nodes, auditors also use the encrypted exchange feed data sent by aggregators.

Auditors use these two critical data sources — the encrypted exchange feed data from aggregators and the order data from relay nodes — to verify and approve the orders for final execution on the participating DEXs.

 that ensures the smooth operation of several key network activities: staking, reward distributions to validators and financial penalties to misbehaving validators, known as slashing.

In the case of disputes or inconsistencies in the network data, the controller and auditors resolve these together, acting as a dispute resolution layer.

deUSD is a synthetic stablecoin introduced by Elixir. Subject to approval via a governance vote, the token will be used for staking, allowing users to earn rewards from protocol fees. The staked version of deUSD, sdeUSD, is an asset that’s used to accrue yields from rewards generated both on Elixir and via its partner DeFi platforms.

Importantly, deUSD is also used to provide liquidity in the form of collateral to participating DEXs. The deUSD stablecoin enables users in the institutional domain, specifically RWA holders, to obtain a sufficiently liquid asset to participate in the wider DeFi ecosystem. According to the project’s documentation, more than ten leading institutional finance organizations have already adopted deUSD for their assets.

deUSD differs from many other stablecoins in that it isn’t collateralized by US dollar reserves. The token’s collateral is made up of Lido’s stETH and Sky Protocol’s USDS. To ensure its stability, deUSD is subject to an 

 adjusting overcollateralization mechanism, the 

When funding rates become negative, the OCF shifts more of deUSD’s collateral into USDS. If the OCF’s value drops too much, it automatically converts its assets into USDS to ensure deUSD’s backing remains intact. Meanwhile, when funding rates become positive, funding rate exposure — that is, the potential gains and costs from holding leveraged positions in 

 contracts — is used to generate additional returns.

During the project’s earlier period of operations, 

 (CEXs) are expected to provide the bulk of liquidity for deUSD and facilitate the token’s minting and redemption. Eventually, the protocol plans to shift more of the backing and liquidity management to decentralized platforms. The minting/redeeming process will be supported by authorized market makers, who will use stETH collateral and engage in basis trading to manage risk.

The Elixir protocol's native token, ELX, is primarily used for governance, staking and stake delegation. Certain rewards, such as 

, can also be distributed in ELX. The token’s total and maximum supply is 1 billion.

The ELX token is available on Bybit’s Spot market as a 

. You can also take advantage of Bybit’s campaign dedicated to the token to grab a share of the 

Under the terms of the campaign, new users can earn ELX rewards by accumulating a deposit volume of at least 200 ELX, or by depositing at least 100 USDT and trading 100 USDT worth of ELX via their first trade. Existing users can also qualify for rewards by trading at least 500 USDT worth of ELX on the Spot market. The campaign is valid till Mar 24, 2025, 9AM UTC.

Bybit also offers two additional ELX airdrop campaigns to its users. One of these is the 

 event. In order to receive your share of the airdrop, just follow these three steps: 

The airdrop is valid till Mar 31, 2025, 10AM UTC.

. Win a share of the 40,000 ELX prize pool by registering for the event, completing specified tasks to earn Lucky Draw tickets and spinning the wheel by using your tickets. You can register for the event until Mar 20, 2025, 12AM UTC, and the Lucky Spin period ends exactly 24 hours after this date.

Additionally, Elixir runs its own reward campaign, 

, that lets you earn Potions, points that help you build power across the platform’s network of participating DEXs. However, note that participation in the Apothecary campaign doesn't guarantee an airdrop of ELX tokens.

Elixir is a relatively new entrant in the DeFi space. The project launched the first phase of its mainnet in October 2024, with the main launch in March 2025. Elixir’s platform aims to address the issue of inflexibility of RWA use 

. The project aims to focus its efforts on larger institutional players, including leading investment funds.

At the same time, while Elixir pursues the ambitious goal of attracting the big players of the financial world via its RWA stream, its second key specialization — liquidity support to DEXs — should provide enough quick wins within the shorter term. With more than 30 DEXs already in Elixir’s ecosystem, it looks like this specialization is already paying dividends. The question now is: Will the push for the top brass of the institutional finance world enjoy similar success? 

Intermediate

elixir crypto.png

Elixir (ELX): The institutional bridge to DeFi liquidity

This is a thought leadership article written by Helen Liu. Helen is the Chief Operating Officer of Bybit.

In the fast-evolving world of crypto and web3, education and content creation are essential pillars for mainstream adoption. The industry was once dominated by niche communities, but today it reaches a global audience through influencers, key opinion leaders (KOLs) and content creators who simplify complex blockchain concepts.

As the Chief Operating Officer of Bybit, I’ve had the privilege of witnessing firsthand how education is shaping the future of web3. My career has been rooted in innovation, adaptability and global collaboration. At Bybit, our focus is on making crypto more accessible to everyone. We've seen how crucial education and outreach are in bringing crypto to the masses.

Crypto content creators and key opinion leaders (KOLs) play a crucial role in making blockchain technology accessible. They break down complex topics, such as 

 into digestible content that caters to both beginning and experienced users. In addition, by providing clear explanations and real-world applications they help onboard new users, while strengthening the knowledge base of the existing community.

Furthermore, these influencers exert a significant impact on public sentiment and market adoption. Their ability to amplify trends, introduce new narratives and engage audiences makes them powerful forces who shape investment decisions and industry trends. Whether they’re focusing on technical analysis or storytelling, they bring deep expertise and authoritative insights that bridge the gap between technical innovation and mainstream awareness.

Transparency is critical, especially when it comes to sponsored content and potential conflicts of interest. Misinformation can be costly in crypto, and it’s crucial for creators to disclose partnerships and provide accurate information in order to maintain credibility and build long-term trust.

While promotional content is a natural part of influencer marketing, educational accuracy must remain a priority. Audiences deserve well-researched, balanced perspectives, rather than exaggerated claims. Creators must fact-check information, source credible data and present content that genuinely helps users navigate the crypto space.

Today’s crypto education takes place across multiple platforms — YouTube, X (formerly Twitter), TikTok and dedicated learning resources such as 

. While high-quality educational content is readily available, the challenge is ensuring that newcomers can differentiate between well-researched information and misleading narratives driven by hype.

Crypto content exists on a broad spectrum. On one end, platforms such as Bybit Learn and reputable analysts offer in-depth, fact-based insights. In contrast, social media trends often fuel misinformation, leading to speculation and unrealistic expectations. 

Striking the right balance between engaging content and factual accuracy is key to fostering an informed community.

Why Bybit sponsored the Crypto Content Creator Campus (CCCC)

At Bybit, we believe that education is fundamental to driving blockchain adoption. That’s why we were the title sponsor of the inaugural 

, held in Dubai in November 2024. This event brought together over 200 global influencers with a collective reach of over 1 billion followers, reinforcing the importance of high-quality content creation in regard to crypto.

Empowering creators with tools and knowledge

During the event’s opening panel, our CEO, Ben Zhou, emphasized that creators are more than just marketers — they’re educators and storytellers. He highlighted the value of long-term community engagement over short-term promotions, stressing that authenticity and trust must be the foundation of crypto content. Zhou also recognized the power of microinfluencers, who connect deeply with niche audiences and drive meaningful engagement.

Through initiatives like CCCC, we at Bybit aim to empower content creators with the tools and knowledge they need to produce high-quality educational content. The event also showcased innovative projects, such as the CCCC Hacker House Challenge, which demonstrated how blockchain can revolutionize content creation. 

ur involvement in such initiatives reflects our broader commitment to supporting innovation, education and the growth of the crypto-creator economy. 

This year, the CCCC conference will be held in Lisbon, Portugal on Nov 14 to 16, and you can find out more 

Responsible content creation is key to crypto industry growth

As crypto adoption continues to grow, content creators, influencers and KOLs will play an even greater role in shaping public understanding and engagement. Ethical, transparent and well-researched content is essential to building a strong and informed global community.

At Bybit, we’re committed to championing education, innovation and responsible content creation. Through initiatives like the Crypto Content Creator Campus, we aim to equip creators with the resources they need to educate and inspire audiences worldwide.

A future where crypto is widely understood and responsibly promoted depends upon collective efforts from creators, platforms and industry leaders. By prioritizing education and accuracy over hype, we can ensure sustainable industry growth driven by informed participation instead of speculation.

Beginner

Content creation and education in the crypto industry.png

Content creation and education in the crypto industry

A market correction is a decline in the price of an asset by more than 10%. Though the dip can be fairly small, it usually indicates that the crypto had rallied far from its established trend. Learn how to trade during the correction.

As we’re nearing the end of the first quarter of 2025, US president Donald Trump’s administration has been in charge of the world’s largest economy for only about two months. But in this short period of time, the 47th POTUS has already been making an outsized impact on financial and crypto markets — as the threat of tariffs with many of America’s trading partners, government sector layoffs and a new paradigm in the relationship between the US and European economies have sent investor sentiment into the territory of fear. Both stock market sentiment indices and the major Bitcoin 

 indices are hovering between the orange and red zones of fear.

As of the time of this writing on Mar 17, 2025, the stock market’s primary gauge — the S&P 500 index — has declined by around 8% since its recent peak on Feb 19, 2025, while 

 (BTC) is down by 23% since its all-time high on Jan 20, 2025, the day of Donald Trump’s inauguration.

As the crypto market declines, investors are becoming more unsettled, wondering if this drop represents another blip on the typically mercurial radar of Bitcoin or a prelude to a steeper downturn. Is this the market correcting itself after recent (possibly overly) optimistic gains, or are we witnessing the start of something scarier? In this atmosphere, it's important to distinguish between a market correction and a more profound decline known as a 

. In this article, we cover what a crypto market correction is, how it differs from a bear market and — more importantly — how you can prepare for it as a cryptocurrency investor.

A correction is a market decline that typically ranges from 10% to 20%. It signifies a relatively small but still noticeable drop in asset prices. The crypto market undergoes more frequent corrections than the stock market, due to its inherently 

. Over the past year alone (to mid-March 2025), Bitcoin’s price has experienced at least six corrections. In comparison, the stock market's primary index — the S&P 500 — hasn't experienced a correction within the past year. However, it's quickly approaching just that, with prevalently negative investor sentiment a 9% decline from recent peaks.

Is a market correction the start of a bear market?

A market correction — especially if it leads to a rapid decrease in asset prices — might seem worrying at first, but it’s part of the market's natural rhythm. In most cases, corrections end with a market rebound, i.e., a bull market, as asset price drops lead to increased interest to 

. However, if a correction is caused by significant underlying issues — such as price bubbles that have built up over long periods, or wider economic declines — it can be a precursor to a 

, which is characterized by a significant drop of over 20% in the market as asset prices decrease.

 interchangeably. However, others distinguish between the two concepts. According to some definitions, a market crash is a significant but short-lived decline of over 20%, while a bear market is a prolonged period of depressed asset prices that may last for months, or even years.

It's important to distinguish between a crypto market correction and a bear market, as the two require different strategies and approaches. Market corrections generally don't require the type of drastic measures from investors that bear markets do. As we’ve noted above, some analysts refer only to prolonged crashes as bear markets, while others use the terms “crash” and “bear market” interchangeably. If we assume the latter definition, then any market crash of over 20% — whether short- or long-term — can be described as a bear market.

Note that the definitions of a correction (10% to 20% decline) and bear market (over 20% decline) originated in traditional finance. These definitions have been used for the crypto market as well, but due to its higher volatility, the crypto market experiences corrections and bear markets considerably more often than the stock market does.

We noted earlier that the last time the stock market experienced a correction — as measured by the S&P 500 — was between July and October 2023, around one and a half years ago. Even then, the decline in the index was contained to 10%, just meeting the definition of a correction. In contrast, the crypto market has experienced numerous corrections (and three crashes) over the past year alone, to Mar 17, 2025. The image below shows these three crashes, which resulted in the decline of the 

 by around 22–23% each time. Additionally, we’ve annotated the ongoing correction that started to develop on Mar 2, 2025 — just days after the market rebounded from its last crash. This correction has so far (in ten days) resulted in a 12% decline in the total market cap.

Evidently, the crypto market is much more accustomed to corrections and bear markets than the stock market is.

How to prepare for a crypto market correction

Crypto corrections often arrive after periods of overly optimistic buying. They may also be caused by negative sentiment when crypto gets hammered — once again — by another influential regulatory authority. Investor sentiment may also turn negative and lead to a correction when traditional markets are trending downward. The last scenario is what we’re witnessing right now — the new Trump administration’s penchant for tariffs and drastic changes to budgetary spending has sent stocks downward, and the cryptocurrency market has duly followed suit.

When a correction is on the horizon, what can you do to best protect yourself? Below, we list several strategies that can limit the impact of a crypto correction on your investments.

Consider reducing your long positions when you sense early signals of a market decline. Some 

 or oscillators turning downward, can help you identify a market peak and an imminent downtrend.

 is a preset instruction to sell an asset once its price drops to a specific level. It’s one of the best trading strategies to limit potential losses during a market slump. Stop-loss orders have two primary benefits. First, they free you from the necessity to monitor prices and continually close your positions manually. Secondly, and importantly, these orders help avoid emotional decision-making during volatile downturns.

Placing stop-loss orders is just the tip of the iceberg when automating your trades. You can also devise considerably more sophisticated automated trading strategies by using 

. Bybit offers a variety of these bots to help you set key parameters for your trading strategy and execute it in a fully automated fashion.

 lets you automate your grid trading — a strategy whereby a set of orders is placed at several points above and below a certain reference price for an asset. The price points above the current asset price are designated as sell orders, while those below the current price are reserved to trigger buy orders. The corresponding sell or buy order is executed when the asset's price reaches a pre-specified point in the grid.

Another useful trading bot for your correction arsenal is the 

DCA is one of the most valuable trading strategies when expecting a correction or finding yourself in the midst of one. It involves splitting your total planned investment amount into equal chunks that are invested at predetermined time intervals, e.g., monthly, fortnightly, weekly or even daily. You make your regular fixed investments regardless of how the market moves.

As with automated trading strategies, DCA helps remove the emotional aspect from your investing. When you anticipate a market downturn, emotional factors can easily creep into your decision-making. DCA is one key way to prevent your emotions from affecting your trades.

DCA also reduces the impact of market volatility, since you’re spreading your purchases over time instead of buying at a single price point.

The Bybit DCA Bot we mentioned above isn’t the only way to automate your DCA strategy — there’s also the 

 product, which lets you set up your regular DCA investments in a few easy steps.

In the event that a correction continues to develop into a crash, the most crucial step is to avoid being influenced by emotions. If you find yourself amid a market crash, remember that all crashes, just like all corrections, are followed by market rebounds. The bottom of the market isn’t going to fall off — profit-seekers, both retail and institutional investors, will sooner or later move in to buy the dip. In fact, this could be an excellent opportunity for you to acquire assets with strong fundamentals, and at bargain prices.

Thus, stay calm, plan for the long term when prices inevitably recover, stick to strategies that eliminate emotional trading — such as automated methods and DCA — and perhaps even consider buying high-potential assets while they remain undervalued during the crash.

The concept of market corrections sounds unnerving. But unlike protracted bear markets, they’re typically short-lived and followed by price increases. The key steps to take in a correction are to avoid emotional decision-making, reduce exposure as much as possible, place some stop-loss orders and employ strategies like DCA and automated grid trading.

Notably, while stock market investors aren't accustomed to frequent corrections and crashes, the crypto market experiences them every year, multiple times. And yet, the multiyear, long-term established trend of the market has remained upward ever since the word “cryptocurrency” entered the financial vernacular. A stock market investor might feel intimidated by a correction — and even feel like fainting at the thought of a crash — but a savvy crypto investor knows that corrections and crashes are business as usual. As such, be prepared, but don’t panic. We’ve been through crypto market crashes more often than Bitcoin has been declared dead.

crypto market correction.png

Crypto market correction: What it means and how to prepare

Ethena Labs and Securitize have launched Converge, a settlement network designed to bridge traditional finance (TradFi) and DeFi.

Daily top performer — PancakeSwap (CAKE)

The S&P 500 gained 0.64% as softer retail sales fueled Fed rate cut speculation. Investors await Wednesday’s Fed decision. Gold hit a record $3,005 as geopolitical tensions and trade concerns fueled safe-haven demand, with strong support from central bank and ETF purchases. Markets await the Fed’s policy decision. The Coindesk Indices, which tracks the broader crypto market, fell by 0.60%, with Bitcoin and Ether up by 1.66% and 2.12% in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is CAKE, up 27.9% after PancakeSwap MEV Guard extends wallet support for improved trade security.

PancakeSwap (CAKE), launched in September 2020, is a BNB Chain-based DEX for BEP-20 token swaps, offering lower fees and faster transactions than Ethereum-based rivals. 

 now supports more wallets on BNB Chain, including Trust Wallet and Rabby Wallet, enhancing protection against frontrunning and sandwich attacks. Users can enable MEV protection with a simple one-click setup for most wallets, ensuring safer and more reliable trading.

Check out the latest prices, charts, and data of 

Ethena Labs and Securitize have launched 

, a settlement network designed to bridge traditional finance (TradFi) and DeFi. The platform will integrate Ethena’s USDe, USDtb, and iUSDe stablecoins with Securitize’s tokenized assets, facilitating institutional on-chain participation. Converge will feature both permissioned and permissionless financial applications, supporting lending, trading, and structured products. Five protocols, including Aave Labs and Pendle, have committed to building on the network. Mainnet is set to launch in Q2 2025.

Yesterday, BTC spot ETFs saw $232.3 million in net inflows, driven entirely by non-GBTC funds, while GBTC recorded no flow.

, allowing users to complete tasks and earn points for future rewards. Existing users from the old platform receive a 1,500-point bonus. To join, create an account, fill in profile details, and complete quests requiring X, Discord, and MetaMask connections. Daily check-ins also grant rewards, with more quests coming soon.

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Ethena and Securitize launch Converge to bridge TradFi and DeFi

Bybit Learn

Crypto

Interested to calculate the profits you can get from crypto mining? Here are the best crypto mining profitability calculators to use for max gains!

 can be an exciting venture, but there are a lot of details you need to consider before jumping in. With a huge variety of innovative 

 on the market and several assets to mine, you need to make sure you’re choosing the most profitable options available. Crypto mining profitability calculators offer miners estimates based on several different factors, enabling them to make faster, more informed decisions. Use this guide to learn more about crypto mining profitability calculators and their uses.

Crypto mining is the process of validating transactions on a 

 network in exchange for a reward. While mining can be completed on personal computers, you’ll need specialized equipment to maximize your profits.

Factors Affecting Crypto Mining Profitability

Mining is a lot more complex than it sounds, and there are several factors that affect overall profitability. While the biggest factor is the equipment you’re using, there are many other things to consider. A crypto mining profitability calculator will account for most of these factors.

 is the amount of power your equipment is generating to complete a blockchain transaction. Hashes are measured per second. For most home computer mining setups, you’ll likely be generating KH/s or kilo (thousands), MH/s or mega (millions), or GH/s or giga (billions) of hashes per second. More specialized equipment will have a higher output and could generate TH/s or tera (trillions), PH/s or peta (quadrillions), or EH/s or exa (quintillions) of hashes per second.

Power consumption is the amount of energy spent to run the mining equipment. This unit is measured in watts (W). Most calculators will pull general information from the equipment manufacturer’s website to calculate this. While the number may seem small, it quickly adds up!

It’s no secret that electricity isn’t cheap. While your exact cost will vary from location to location, you’ll need to find out how much you’re paying per watt in order for the calculator to provide you with an accurate profitability estimate. If you can’t find the price per watt on your electricity bill, check your provider’s website. If you’re hoping to set up a mining location outside of your home, you can conduct extensive research on average electricity prices for each of the areas you’re considering.

The market value of cryptocurrency changes every second. While some cryptocurrencies hold value over time, there’s always the possibility that a value can rise or plummet. Even if you aren’t mining 

 and are focused on Bitcoin, you’ll need to pay close attention to market trends and prices if you want to maximize profitability.

In order to improve the odds that you’ll successfully mine a new block, you might consider joining a mining pool. Whenever a new block is mined by the pool, each participant receives a portion of the reward equal to their contribution. Crypto mining pools collect the power of multiple miners and are hosted by an admin. Joining a mining pool eliminates some of the technical work an individual needs to do in order to become profitable. In exchange for the service, miners will contribute up to 3% of their individual reward to the pool on average.

Network difficulty refers to how hard it is to mine a single block. Typically, the more people mining on a blockchain, the more difficult it becomes to mine a block. For example, in 2009, the 

 a block of Bitcoin was 50 BTC. As more people mine the cryptocurrency, reducing the available number of BTC, the number of BTC rewarded is cut in half (although BTC’s value has grown over time, partly compensating for the 50% reduction). Bitcoin has had several halving events lowering its reward for miners, and it’s estimated that the reward will be 3.125 BTC by 2024. On average, a new Bitcoin is mined every 10 minutes.

As mentioned above, your mining setup will have a huge impact on profitability. While most home computers can run mining software, they aren’t the most effective way to make money. You’ll most likely need to invest in a rig and multiple graphics cards or 

. As your setup expands, you’ll also need to consider cooling equipment to optimize performance. If you’re planning on running multiple devices out of your home, you may want to consider adding noise-canceling insulation to the area.

Block reward is the amount you receive whenever you successfully mine a new block. This amount varies greatly from network to network. The amount can also change on a moment’s notice. Many miners compare different blockchain rewards before deciding what to mine long-term. Others invest in a setup that allows them to quickly switch between multiple blockchain networks, enabling them to mine whatever is the most profitable.

How to Calculate Crypto Mining Profitability

Figuring out how profitable your crypto mining venture will be is done by adding up your estimated expenses and then subtracting those from your estimated profits. 

While this can sound simple, it’s important to understand that these are estimates, and can change within seconds. A crypto mining profitability calculator helps to eliminate some of the lengthier calculations, such as how many watts of electricity your setup will use in a day. Not only does this make life easier, but it’s also critical if you need to do fast comparisons to purchase new equipment or switch between blockchains.

What Are Crypto Mining Profitability Calculators?

Crypto mining profitability calculators are tools that estimate the average reward a miner will earn. The calculators use the hash rate the equipment can produce, the amount and cost of the energy it will consume, and other factors to determine an estimate.

Pros of Using Crypto Mining Profitability Calculators

There are several reasons why miners may use calculators to determine profitability. They’re often a necessity for those trying to maximize their gains. Here are a few good reasons to bookmark a reliable profitability calculator.

Quickly See the Most Profitable Blockchain Networks

If you’ve invested in a setup that allows you to quickly switch between networks, you won’t be mining the same thing every day. That’s because the value of each cryptocurrency can change rapidly. Some networks also issue higher block rewards than others. Sometimes, new altcoins are the most profitable to mine. At other times, Bitcoin mining is your best bet. When you develop your mining strategy, you need to be able to see your estimated profits for multiple networks in order to determine where you’re going to focus your efforts.

Identify Changes That Impact Crypto Mining Profitability

Advanced calculators will often display factors such as network difficulty and reward amount. This information is automatically generated for you. Some calculators, such as the specialized ones at 

, even link you to the latest crypto news. This helps you to gain a better understanding of what affects profitability, and can help you decide if you need to change your strategies.

Calculators Save Time When Buying New Equipment

Thinking of purchasing a new graphics card for your rig? Wondering how much more profitable your venture would be if you invested in specialized Bitcoin mining hardware? While a calculator can only use information from the manufacturer’s website, it can still provide you with an estimate of how the new equipment will affect the profitability of your setup. This is incredibly useful, as technology is constantly advancing and many miners are constantly looking for ways to improve their profitability.

Cons of Using Crypto Mining Profitability Calculators

Of course, crypto mining profitability calculators aren’t perfect. While they are a useful tool, there are several downsides to becoming too reliant on them.

It’s Impossible to Account for Everything

There are several factors that calculators consider when providing an estimate. Unfortunately, they cannot account for things like equipment wear and tear. The calculators are also reliant on manufacturer-provided information to provide an estimate. 

If you’re relying on profitability calculators to make estimates for anything longer than a day, you’ll also need to consider possibilities such as internet connectivity issues, power outages and security breaches – all of which will affect your bottom line.

No one truly knows the exact future price of Bitcoin. While mining calculators can provide you with detailed profitability estimates, they typically can’t account for changes in price. This means that it’s impossible to reach 100% accuracy in comparing estimates to see how long it will take you to achieve profitability. The calculator assumes the price of an asset will be the same an hour, day, month or year from now.

While every calculator provides a wealth of information, they aren’t all “new-user friendly.” Only a few calculators offer straightforward information, such as NiceHash’s Bitcoin mining profitability calculator or 

’s Mini Mining Profit Calculator. Others present you with a slew of information — and you’ll need to learn how to use it to your advantage if you want to truly maximize your profits.

Best Crypto Mining Profitability Calculators

If you search for crypto mining profitability calculators, you may be surprised by the number of results you see. While many calculators use the same formulas, they all have different interfaces and features. Some miners even find that they use different profitability calculators for different goals. Following are some of the best crypto mining profitability calculators available.

 is among the most trusted crypto mining profitability calculators. The platform is designed to be very user-friendly, and is geared toward individual investors. New miners wanting to start mining using their personal computers can use the auto detection feature to determine how profitable their CPU and GPU would be for mining. A manual selection option allows users to easily compare devices.

The biggest limitation of NiceHash is that it only displays information in BTC. NiceHash is designed to encourage users to mine Bitcoin with their user-friendly services. You won’t be able to compare your options if you’re planning on switching between Bitcoin and altcoins.

 is among the easiest calculators to use if you already know your average hashing power. Simply select the cryptocurrency you’re planning on mining. You can choose from 

. Then enter in your hashing power, power consumption, electricity costs and pool fee percentages. The calculator will display your estimated profits by day, week, month and year.

The biggest downside of using CryptoCompare is that you need to already have a good understanding of your equipment before you can use it. It’s designed for miners who already know how much power they’re using, as well as their average hash rate. While this is great for established miners wanting to quickly switch between cryptocurrencies, it’s less helpful for people looking to invest in new devices.

, a Canadian publicly traded company, offers a very simple and straightforward Bitcoin mining profitability calculator which accounts for current estimated difficulty and block rewards.t Users then enter their hash rate, BTC/CAD exchange rate, pool fees, hardware costs, power consumption, and costs in CAD. The calculator will then provide a profit estimation by day, week, month and year.

Like CryptoCompare, the CoinSmart calculator is good for providing miners with a general estimate of profitability. The biggest downside is that it’s limited to Bitcoin — and you need to have a lot of information handy in order to make the most out of the calculator. If you’re looking for a Bitcoin mining profitability calculator that’s simple to use and displays results in CAD rather than USD, CryptoCompare is a good choice.

’s greatest features is that they have over 100 different calculators on their website to use. If you’re quickly switching between mining ventures, you can use their calculators to compare profitability. Bitcoin, Ethereum, 

, Ethereum Classic, Litecoin, Monero, Ravencoin, Dash and several other specialized calculators are available. Use the Search function in the left column to find the exact calculator you need.

Like other advanced crypto mining profitability calculators, you’ll need to know your hashing power, pool fees, power usage and other costs to get an accurate profitability estimate. CryptoRival will provide the mining difficulty and block reward information.

In addition to offering profitability estimates, CryptoRival offers real-time price information, news updates, exchange information and more. This can help you better understand the crypto that  you’re mining in order to make a more informed decision about your investment.

 offers several great calculators for miners who want to understand all their options. Like other advanced calculators on this list, you can customize a lot of the values to get a fairly accurate estimate.

The hash rate mining calculator found on their website can have a bit of a learning curve to it but allows miners to quickly compare the profitability of Bitcoin and several altcoins. In addition to Bitcoin, Ethereum, Dogecoin, and Litecoin, CoinWarz displays information for altcoins like Verge, Peercoin, Ravencoin and Horizen.

 is among the most popular free crypto mining calculators available. This detailed calculator supports several assets, including Bitcoin, Ethereum, Horizen and Dash. Miners can use both GPU and ASIC calculators for a strong overview of which assets are the most profitable. They can also compare mining difficulty, estimated rewards and more.

If you’re new to mining cryptocurrency, the WhatToMine calculator can be a bit overwhelming. Creating an account will allow you to customize the calculator a bit more so you can quickly find the information you need to make decisions. If you want to compare GPU and miner equipment, WhatToMine also offers a top profitability ranking list for each. This can help you quickly explore new devices but doesn’t provide you with as many details on equipment as other calculators do.

 is another calculator designed to help miners choose between equipment. The tool quickly displays the most profitable devices based on the algorithm and electricity costs set by the user. With a subscription, users can also set up alerts, join mining pools, and find information on Bitcoin and trending altcoins before entering a pool.

 is another pool service that offers easy-to-use crypto mining profitability calculators. One thing that sets their calculator apart from others is the ability to add multiple miners into the equation. Simply enter the price of each miner, the number of miners you’re purchasing, estimated hash rate, power use and electricity costs. The price of Bitcoin, starting difficulty, difficulty increase and profit ratio should fill in automatically.

Miners who want a more simplified overview can utilize the 

, which calculates 24-hour earnings in BTC and 

 based on hash rate, current prices and pool fee rates. This is a great tool if you want something quick and easy to use.

, offers a very simple Bitcoin mining calculator with a few more advanced options, making it a worthy addition to this list. In addition to clearly displaying a custom estimate for up to 60 months at a time, you can input your initial capital expenses, fixed monthly expenses, hardware appreciation and depreciation over time, the amount of profit you intend to hold over time, and other advanced factors.

 is a simple-to-use crypto mining profitability calculator with several different options. The platform can be used with 26 cryptocurrencies, making it easy for miners to discover profitable altcoins to mine. After inputting the 

 models you’re using, you’ll have the option to see the most profitable altcoins currently or within the last 24 hours.

In addition to providing updated calculations, 2CryptoCalc also tracks a list of the most profitable GPUs on the market. It tracks the average price of the GPU using data from Amazon, eBay and other sources to determine how quickly a new device would pay for itself.

 offers a simplified GPU mining calculator for Ether using data gathered from WhatToMine. Simply select the number of devices you have from the list of 70 popular GPU models and adjust your power costs. The total profit per day and month will automatically update, allowing you to quickly see how changes to your setup will affect profitability. While this calculator is very straightforward and easy to use, it’s limited to Ether. The list of GPU models is also limited, so some users may not find their equipment on the list.

Should You Use Crypto Mining Profitability Calculators?

When it comes to making money with cryptocurrency, time is of the essence. Crypto mining profitability calculators can provide you with the general information you need to quickly build or change your strategy. Even after your initial mining investment, you’ll need to be adaptable if you want to ensure long-term profitability. This means constantly comparing new equipment and assets. Learning how to use at least one of the calculators mentioned above will help save you time researching later.

Are Crypto Mining Profitability Calculators Accurate?

There are several factors that influence the overall profitability of a device. If you’re using a calculator to help you choose between GPUs and mining hardware, these estimates are provided using manufacturer information. Factors such as wear and tear, cooling and internet connection can affect the overall hash rate at which your equipment produces. If you’re mining using a personal computer, multi-tasking of any kind can affect your average hash rate.

11 Best Crypto Mining Profitability Calculators for Max Gains

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards