Skip to content

CryptoCompare is a global cryptocurrency market data provider that provides institutional and retail investors with real-time, high-quality, reliable market and pricing data on bitcoin and other cryptocurrencies. Cryptocompare takes pride in offering accurate and timely information on over 5,300 coins and 240,000 currency pairs.

The primary goal of cryptocompare is to provide real-time data and information to investors and traders so that they can make more informed trading decisions and have a better trading experience. 

CryptoCompare collects and analyzes beep data from well-known exchanges all over the world, combining multiple datasets to calculate cryptocurrency prices. It generates cryptocurrency trade data, order book data, blockchain data, historical data, social data, reports, and a collection of cryptocurrency indices at a granular level.

Cryptocompare was founded in 2014 by cofounders Charles Hayter and Vlad Cealicu and is headquartered in London, England. The company employs more than 50 people, the majority of whom are based in London, United Kingdom, though some are based elsewhere. 

According to SEMRush, CryptoCompare.com is ranked 20,226 among websites globally based on this large inflow of web visitors. It is one of the largest cryptocurrency real-time monitoring websites with an average monthly visitor of 6,347,248 monthly web visitors. 

According to G2 Stack, CryptoCompare.com also uses 33 technology products and services, including HTML5, Google Analytics, and jQuery, while BuiltWith reports that CryptoCompare.com is actively using 81 technologies on its website. These include Viewport Meta, iPhone/Mobile Compatible, and SPF.

How does cryptocompare work?

Recognizing that data may be inconsistent across exchanges due to factors such as hacking, broken APIs, low liquidity levels, transaction fees, or market manipulation, the Cryptocompare methodology employs a number of processes to ensure that users receive the most up-to-date market data. 

Cryptocompare employs the Crypto Coin Comparison Aggregate index, also known as the CCCAGG methodology, which considers a wide range of parameters, including sentiment analysis across all trades and liquidity evaluation to ensure that older and less liquid trades have a lower relative value on aggregated market prices.

The Crypto Coin Comparison Aggregate Index (“CCCAGG”) is a real-time index calculation methodology that displays the most accurate price estimate for crypto traders and investors to value their portfolios at any time.  

It aggregates transaction data from over 70 exchanges using a volume-weighted average over 24 hours. The CCCAGG is calculated for each cryptocurrency in each currency that it trades in (for example, CCCAGG BTC-USD).

Bitcoin, Ethereum, Monero, and other cryptocurrencies are traded against a wide range of currencies, including fiat currencies (USD, JPY, GBP, and so on) and other cryptocurrencies, on various exchanges. 

A coin can be traded at various prices across different markets depending on the market type (exchange or OTC), liquidity level, trading volume, transaction fees, and a variety of other factors, making it difficult to determine how much a coin is worth at any given time.

Cryptocompare publishes a monthly exchange review in order to maintain a pool of CCCAGG exchanges that meet a minimum data standard. This exchange pool is reviewed and updated on a monthly basis to ensure that only the most representative and reliable market data from constituent exchanges is used in CCCAGG calculations.

Cryptocompare API 

The API data provided by CryptoCompare is one of its best features. API is an abbreviation for application programming interface, and it allows developers to obtain market data from a company server located somewhere on the internet. 

Most cryptocurrency exchanges already allow you to do this, but CryptoCompare provides some additional data points because it aggregates data from a wide range of exchanges and markets.

The basic API service is completely free of charge, making it ideal for anyone who wants to collect data and combine it with their own apps. Investors who want more in-depth information and data, on the other hand, will have to pay a subscription fee to gain access to this information. 

Cryptocompare forum 

CryptoCompare.com is an interactive website where you can leave comments and reviews on cryptocurrency-related products such as mining equipment, exchanges, and wallets. However, you must first register in order to do so.

One of CryptoCompare’s most well-known features is the forum system. They are your social entry point into the world of cryptocurrency! You can start interacting with the community in the various forums available after completing the registration process and logging into your CryptoCompare account.

Each cryptocurrency and exchange on the Cryptocompare website has its own forum where you can create new threads, reply to existing threads, like or dislike comments, follow users, follow specific threads, and report comments to the moderation team.

This forum page displays the entire list of available forums, which are divided into categories such as “Coin Forum,” “Exchange Forum,” and “Latest Posts,” which contain the most recent threads created across multiple forums. 

At the bottom of each page, you can sort the forum list by “Latest Activity,” “Total Activity,” and “Total Page Views.” Various forum statistics, such as the number of threads, comments, and views, as well as the most recent activity, are also available.

Cryptocompare mining calculator 

The Cryptocompare mining calculator is a simple tool that only requires you to enter your hardware specifications and electricity costs in order to give you a better idea of your overall potential for running a profitable mining operation. Cryptocompare provides information such as the coin’s price and network difficulty automatically.

Cryptocurrency mining is a huge industry that is not for the faint of heart. For this reason alone, many new enthusiasts have turned to cloud mining as a means of supplementing their income. 

Miners should be aware, however, that the Bitcoin mining calculator highlights the challenging market conditions that exist at these prices. Before the average miner can make a decent profit, the Bitcoin price may need to return to higher levels. However, if you’ve been a long-term HODLer, you might be able to bear the pain. 

Please keep in mind that the results of these calculators are only estimates, and your mileage may vary.

How to Use the Cryptocompare Mining Calculator 

Depending on your budget and the type of cryptocurrency you intend to mine, the following three types of mining are the most common for non-professional miners:

DIY mining rig: These can be built with your own PC and as many graphics cards as you can fit or afford, with the number of PCI-E slots on the motherboard serving as the only limitation. Some people use a standard PC case to keep their components cool, while others use unusual casings that increase airflow around the components.

ASICs: Application-specific Integrated Circuits, or ASICs, are self-contained units with a USB or Ethernet port that are the current “top of the line” technology used in mining. Although these miners are typically more expensive than do-it-yourself rigs, they can generate more hashes per watt of power.  Because Ethereum, Zcash, and other memory-hard algorithms require a GPU or CPU to mine effectively, they can only be used to mine cryptocurrencies such as Bitcoin, Litecoin, and Dash.

Mining Contract (Cloud Mining): Mining contract companies, such as Genesis Mining, provide mining services with contract-specified performance, which is commonly referred to as a “Mining Contract.” They could, for example, rent out a specific level of mining capacity for a predetermined price and time period.

Cryptocompare has a page where you can compare the entire Cryptocurrency Mining equipment market as well as the entire Cryptocurrency mining contract market all in one place. Cryptocompare’s simple metrics and mining calculator can help you decide whether you want to mine yourself or hire someone to do it for you.

Steps to Setup Mining Calculator 

Step 1: Navigate to the Cryptocompare calculator. 

  • Go to the cryptocompare website.
  • Click the “Mining” button in the header, then “Calculators” in the drop-down menu.

Step 2: Use the Calculator 

  • It will open on the BTC tab by default. Cryptocompare offers calculators for the following currencies: BTC, ETH, ETC, XMR, ZEC, PASC, DASH, and LTC. For this guide, we’ll be using Zcash, so under “currency,” click the “ZEC” button.
  • Fill in the blanks; there are only three: Hashing Power, Power consumption (w), Cost per KW/h ($)
  • Go to the Cryptocompare search bar and look for the card; on the header, there is a “search” field; type the name of your card there, and if it is in the database, open it by clicking on it.
  • This will now display a lot of information about mining with this card.
  • We now have all of the information we need to calculate our profit. Return to the calculator and fill in the blanks (Hashing Power, Power Consumption (w); Cost per KW/h ($)).

Use your own GPUs or ASICs to confirm your profits, but keep in mind that some variables, such as coin price and mining difficulty, change on a daily basis and can have a significant impact on profitability.

Is Cryptomcompare trustworthy? 

CryptoCompare is a Financial Conduct Authority-registered Benchmark Administrator (FCA).

The FCA license granted to CryptoCompare’s data and index subsidiary, CC Data Limited, allows CryptoCompare to issue benchmarks for financial instruments, financial contracts, and fund performance measurement.

CCCAGG, CryptoCompare’s proprietary family of digital asset pricing benchmarks, is based on a 24-hour volume-weighted average calculation, time penalty factor, and outlier methodology, and covers 500+ liquid asset pairs.

A diverse range of globally recognized clients rely on CryptoCompare’s industry-standard indices, which provide comprehensive market valuation benchmarks that power leading digital asset financial products. Based on CryptoCompare’s proprietary methodology and research, these indices offer institutional-grade access to the largest and most liquid digital assets.

This sweeping new regulation is so intrusive… even the New York Times has said:

An unprecedented power grab hiding in plain sight:

The window to safeguard your money and financial privacy is closing. And it’s rapidly closing fast. I don’t enjoy it one bit but I have been left with little choices. I refuse to standby and let Washington’s control-freak sociopaths confiscate everything I’ve built up over the years.

For this reason, I’ve spent the past several years researching and determining simple, doable techniques that ordinary citizens may use to preserve their money and financial privacy. I highly recommend this Financial First Aid Kit if you are looking for a complete guide to preserving your wealth and financial privacy.

CryptoWhat
CryptoWhat was created in 2015 and has become one of the most trusted and well-respected sources of information on all things crypto. The blog's authors are dedicated to providing clear, concise, and jargon-free explanations of this complex technology, so that everyone can understand it.
By: Patrick Moore
By: Patrick Moore

Limited Time Offer: Earn $7 in FREE ETH

Get $7 in ETH when you create a Gemini account