The method to determine the operating current of HTS magnets needs to be different from that of LTS magnets. This paper presented estimation of the critical current of pancake windings. The pancake windings can be excited by a single power source or by multiple power sources. Critical currents were determined by using field dependent E-J relation. For the better estimation of the critical current, a new method to define the magnetic field of the HTS wire has been proposed. Calculated critical currents of pancake windings were compared with measured ones of the HTS BSCCO magnet consisting of 10 pancake windings. According to the test results, the estimated critical currents of pancake windings agreed well with that of measured ones. Effects of the single and multiple power source excitation on the critical currents have been also examined.