Which ABV formula should I use?
Below about 6% ABV the standard formula, (OG − FG) × 131.25, and the alternate formula agree closely. For strong beers, wine, cider and mead the alternate formula reads higher and is usually considered closer, so the calculator shows both and you can note either in your brew log.
Hydrometer temperature correction
A hydrometer reads true only at its calibration temperature, usually 60°F (15.6°C); some read true at 68°F. Warm samples read low. The correction uses the published density polynomial for water, so it is most reliable within about 30°F of the calibration point. Cooling the sample is still the best fix.
Refractometer readings after fermentation
Alcohol bends light too, so a refractometer reads too high once fermentation starts. Refractometer mode divides your Brix by the wort correction factor (about 1.04) and estimates FG with Sean Terrill's cubic formula. Treat it as an estimate and confirm with a hydrometer before bottling.
