Mining Profitability Calculator
Solve the daily mining economics relation Profit = (Coins × Price) − Electricity for any of its four unknowns — coins mined per day, coin price, electricity cost, or the resulting daily profit — with step-by-step math, a live revenue-to-cost schematic, break-even analysis, and hardware ROI.
Daily cost = watts ÷ 1000 × 24 × rate. Enter your rig's wall power (not just the ASIC rating — add fans, PSU losses, and any cooling) and your all-in $/kWh.
Coins/day = (your hashrate ÷ network hashrate) × block reward × (86,400 ÷ block time), reduced by the pool fee. Use Apply to coins field to load it into the calculator, then read ROI payback below.
Electricity is the only cost you control
Coins per day is set by your share of the network hashrate, and the coin price is set by the market. Neither is under your control. Electricity is different: it is the one input where a miner can move the number materially, by relocating to cheaper power, signing a fixed-rate contract, or running during curtailed hours. A rig that loses money at $0.15/kWh can be comfortably profitable at $0.04/kWh with nothing else changing — which is why mining is fundamentally an energy-arbitrage business dressed up as a technology business.
Difficulty rises until the margin disappears
Mining has no barrier to entry, so when a coin is profitable to mine, more hashrate arrives, difficulty rises, and each existing miner's share of the reward falls. This continues until the marginal miner is barely breaking even. The system is self-correcting: profitability is driven toward zero for everyone except those with the cheapest power and the newest hardware. A calculator that shows a comfortable margin today is showing a margin that will shrink as the network adjusts.
Halvings cut revenue in half overnight
Every 210,000 blocks — roughly four years on Bitcoin — the block reward is cut in half. Coins per day falls by 50% instantly, while electricity stays exactly the same. A miner running at a 40% margin before a halving is running at a loss after it, unless the price doubles or they upgrade to more efficient hardware. This is the single most predictable event in mining and the reason ASIC generations are timed around it. Always model a halving scenario before buying hardware.
Revenue scales with price, cost does not
Daily revenue is coins × price, so it moves one-for-one with the market. Daily electricity is fixed by your power contract. That asymmetry is the whole character of mining P&L: in a bull market margins expand dramatically and every rig is profitable; in a 60% drawdown the same rigs are deeply underwater. The break-even coin price — electricity ÷ coins per day — is therefore the single most important number to know before you buy hardware. It tells you exactly how far the market can fall before you start paying to mine.
How to Use This Calculator
The mining profit relation links four quantities: coins per day, coin price, electricity cost, and the resulting daily profit. Pick which one you want the tool to solve, then fill in the other three.
1. Choose what to solve for
Pick Profit, Coins, Price, or Elec from the toggle. The calculator rearranges Profit = (Coins × Price) − Electricity automatically for whichever variable you choose and greys out that field.
2. Get coins per day from hashrate
Use the hash rate helper. Enter your miner's hashrate, the network hashrate, the block reward, and the block time, then click Apply to coins field. That is far more accurate than guessing.
3. Compute electricity from power draw
Enter your rig's wall power in watts and your all-in $/kWh rate, then click Apply to electricity field. Remember to include fans, PSU losses, and any cooling — not just the ASIC nameplate rating.
4. Read the result and profitability band
The result card shows daily profit in USD plus its monthly and annual equivalents, and a colour-coded verdict from unprofitable through thin, healthy, strong, and exceptional margin.
5. Check the break-even band and charts
The schematic places your daily profit on a band running from unprofitable (red) through break-even to profitable (teal). The chart plots daily profit against coins mined for three price levels, so you can see exactly where break-even sits.
6. Switch to Advanced for depth
Advanced mode adds a profit-vs-electricity chart, a sensitivity check on ±1% input changes, and companion metrics including break-even coin price, break-even electricity, profit margin, ROI payback days, and profit per watt.
What This Tool Offers
Built around the daily mining economics identity Profit = (Coins × Price) − Electricity, the four numbers that decide whether a rig is worth plugging in.
Four-way solving
Solve for daily profit, coins per day, coin price, or electricity cost. The calculator rearranges the formula for whichever variable you choose.
Hashrate helper
Enter miner hashrate, network hashrate, block reward, and block time to derive coins per day directly, with an optional pool fee deduction.
Power cost helper
Convert watts and $/kWh into a daily, monthly and annual electricity cost with one click, so you never have to do the 24-hour arithmetic by hand.
Break-even band & verdict
A live schematic placing your profit between unprofitable and profitable, plus a colour-coded margin verdict from underwater through exceptional.
Dual comparison charts
Daily profit vs. coins mined for three price levels, plus an advanced profit vs. electricity chart for three coins-per-day levels.
Reference tables & ROI
A live profit converter, a profit lookup grid across coins and prices, typical hardware specs by algorithm, and full break-even and ROI metrics.
Reference Tables & Conversions
A live profit converter, a profit lookup grid, and typical hardware characteristics by algorithm.
Coins · price · electricity · profit converter
Daily Profit Lookup — Coins × Price
Computed from Profit = (Coins × Price) − Electricity. Each cell shows daily profit in USD at the electricity cost set in the calculator.
| Coins / day | @ $0.05 | @ $1 | @ $50 | @ $500 | @ $3,500 | @ $64,000 |
|---|
Typical Mining Hardware by Algorithm
Representative specifications. Actual coins per day depends on current network hashrate and block reward, which change continuously.
| Hardware / algorithm | Hashrate | Power draw | Efficiency | Notes |
|---|---|---|---|---|
| SHA-256 ASIC (latest gen) | 200–400 TH/s | 3,200–5,500 W | ~15–17 J/TH | Bitcoin-class machines; compete directly on $/kWh |
| SHA-256 ASIC (prev gen) | 90–140 TH/s | 3,000–3,500 W | ~25–30 J/TH | Often unprofitable after a halving unless power is under $0.05/kWh |
| Scrypt ASIC | 9–20 GH/s | 2,000–3,600 W | ~0.15–0.25 J/MH | Litecoin and Dogecoin merged mining |
| kHeavyHash ASIC | 1–15 TH/s | 300–3,500 W | ~0.15–0.25 J/GH | Kaspa; emission halves roughly yearly |
| Ethash / GPU rig (6 cards) | 350–700 MH/s | 1,800–3,000 W | ~4–5 J/MH | GPU mining moved to altcoins after Ethereum's merge |
| Blake3 ASIC | 0.5–2 TH/s | 300–1,400 W | ~0.6–0.7 J/GH | Kadena and similar Blake-family chains |
| CPU mining | varies widely | 65–250 W | — | Rarely profitable after electricity on any major chain |
Typical Electricity Rates
| Source | Typical rate | Daily cost, 3,600 W | Notes |
|---|---|---|---|
| Stranded / flared gas | $0.01 – $0.03/kWh | $0.86 – $2.59 | Lowest-cost mining; requires on-site generation |
| Industrial contract | $0.03 – $0.07/kWh | $2.59 – $6.05 | Standard for commercial mining farms |
| Curtailed hydro / wind | $0.02 – $0.05/kWh | $1.73 – $4.32 | Intermittent; often paired with demand response |
| US residential average | $0.12 – $0.18/kWh | $10.37 – $15.55 | Most home miners sit here |
| Europe residential | $0.25 – $0.45/kWh | $21.60 – $38.88 | Rarely profitable for ASIC mining |
| Solar / self-generated | $0.00 – $0.04/kWh | $0.00 – $3.46 | Marginal cost near zero once the array is paid off |
Variable Reference
| Symbol | Meaning | Typical range | Units |
|---|---|---|---|
| Coins | Coins mined per day | 10⁻⁶ – 10³ | coins/day |
| Price | Spot coin price | 10⁻³ – 10⁵ | USD/coin |
| Elec | Daily electricity cost | 0 – 10³ | USD/day |
| Profit | Daily net profit | −10³ – 10⁴ | USD/day |
| H | Miner hashrate | 10⁰ – 10³ | TH/s |
| Hnet | Network hashrate | 10⁶ – 10⁹ | TH/s |
| R | Block reward | 0.001 – 10³ | coins |
| J/TH | Hardware efficiency | 10 – 40 | joules per TH |
What Does Profit = (Coins × Price) − Electricity Measure?
Mining profitability is a four-number problem. You produce some quantity of coins per day, those coins are worth whatever the market says, and running the machine costs a fixed amount of electricity regardless of what the coins are worth. The difference is your daily profit — or your daily loss. Everything else in mining, from pool selection to firmware tuning to immersion cooling, exists to move one of those four numbers in a favourable direction.
Mining Profit Formula
The defining relationship is:
Rearranged to solve for the other three unknowns:
Price = ( Profit + Electricity ) / Coins
Electricity = ( Coins × Price ) − Profit
Coins per day itself comes from your share of the network:
And electricity per day comes from the wall power and your tariff:
The break-even coin price — the price below which the rig loses money — is the most useful derived number:
Mining Profit Variables
| Symbol | Meaning | Notes |
|---|---|---|
| Coins | Coins mined per day | Your share of the block reward; falls as network hashrate rises |
| Price | Spot coin price | Set by the market; revenue scales linearly with it |
| Electricity | Daily power cost | The only input fully under the miner's control |
| Profit | Daily net profit | Revenue minus electricity; excludes pool fee and depreciation |
| H | Miner hashrate | Your machine's contribution to the network |
| Hnet | Network hashrate | Total hashrate of all miners on the chain |
| R | Block reward | Coins issued per block; halves on a fixed schedule |
How Each Variable Affects Profit
Revenue is the product of two variables and cost is a single one, which gives mining its characteristic asymmetry. A 10% rise in coin price raises revenue by 10% while electricity stays flat, so profit rises by more than 10% — the margin expands. A 10% fall does the reverse. This leverage is why mining is described as a leveraged bet on the coin price: the fixed electricity cost acts like a strike price, and everything above it is profit.
Coins per day is the variable that decays. Because the network hashrate rises whenever mining is profitable, each existing miner's share falls over time. A machine that produces 0.00042 BTC/day today may produce 0.00030 BTC/day in six months at the same hashrate, purely because other miners have joined. This is why payback calculations must assume declining output, not flat output. A rig that pays back in twelve months at today's difficulty may take eighteen months at the difficulty you will actually face.
Electricity is the variable that does not move. Once you have signed a power contract, your daily cost is fixed in dollars. That means the break-even coin price is also fixed — electricity divided by coins per day — and it is the single number worth memorising before you buy hardware. If the coin trades below that price, you are paying to mine. If it trades above, you are earning. Everything else is a question of how much.
Mining Profit Calculation Examples
Revenue = 0.00042 × 64,000 = $26.88/day
Profit = 26.88 − 8.64 = $18.24/day = $555.10/month = $6,661.20/year
Coins = (18.24 + 8.64) / 64,000 = 0.00042 coins/day
Price = (18.24 + 8.64) / 0.00042 = $64,000.00
Electricity = (0.00042 × 64,000) − 18.24 = $8.64/day
At 3,600 W that implies $0.1000/kWh
Break-even price = 8.64 / 0.00042 = $20,571.43
The coin can fall 67.9% from $64,000 before mining stops covering power
Frequently Asked Questions
Your share of the network is your hashrate divided by the total network hashrate. Multiply that share by the number of coins issued per block and by the number of blocks found per day (86,400 seconds divided by the block time), and you get your expected daily coin production. For Bitcoin with a 600-second block time there are 144 blocks per day, and at a 3.125 BTC reward that is 450 BTC issued daily across the whole network. If you control 0.0001% of the hashrate, you earn 0.0001% of 450 BTC — about 0.00045 BTC/day. Pool fees of 0.5–2% are then deducted from that.
Broadly, under $0.06/kWh is competitive, under $0.04/kWh is strong, and under $0.03/kWh is where large commercial operations live. Above $0.10/kWh it becomes very difficult to run current-generation ASICs profitably outside a strong bull market, and above $0.15/kWh most hardware is unprofitable at any realistic coin price. The threshold moves with the coin price and the hardware efficiency, but the general shape holds: mining rewards flow to whoever has the cheapest power, because that miner can keep running when everyone else has shut down.
Because the network hashrate is rising. When mining is profitable, more machines come online, and every existing miner's share of the block reward shrinks proportionally. Your hashrate and your electricity cost are unchanged, but you are now competing against more total hashrate, so you earn fewer coins for the same work. This is called difficulty adjustment and it is the defining feature of mining economics. It is also why a calculator using today's numbers is a snapshot: the same hardware will be less profitable next month at the same coin price.
The block reward is cut in half, so coins per day falls by 50% instantly. Electricity is completely unchanged, because the machines still draw the same power. A miner earning $26.88/day in revenue and paying $8.64/day in electricity — a 67.9% margin — becomes a miner earning $13.44/day against the same $8.64 cost, a 35.7% margin. A miner who was running at a 20% margin before the halving goes straight to a loss. This is why halvings trigger waves of hardware retirements and why older-generation ASICs are often switched off entirely in the months that follow.
Yes, and the helper block lets you. Pool fees are typically 0.5% to 2% of your mined coins, deducted before the payout reaches your wallet. They are smaller than electricity but not negligible — on a $26.88 daily revenue, a 1% pool fee costs $0.27/day, or about $98 per year. Solo mining avoids the pool fee entirely but has enormous variance in payout timing, which for a small miner can mean months between blocks. Most miners accept the pool fee as the price of steady, predictable income.
Payback in days is hardware cost divided by daily profit. A $4,200 machine earning $18.24/day pays back in about 230 days, or roughly seven and a half months. But that figure assumes today's difficulty and today's coin price both hold, and neither will. Difficulty rises, so daily profit falls over time. A more honest model assumes 20–40% annual difficulty growth, which stretches the true payback considerably. Most experienced miners look for a payback under twelve months at current conditions, precisely because the real number will be longer.
It depends entirely on your electricity cost and hardware generation. Miners with sub-$0.05/kWh power and current-generation ASICs are profitable across most of the market cycle, and they tend to accumulate during drawdowns when weaker miners shut off. Miners paying residential rates with previous-generation hardware are usually underwater outside of bull markets. The industry has consolidated toward large operations with cheap power contracts and long hardware depreciation schedules. For an individual, the honest answer is that mining is an energy-arbitrage business, and if you do not have cheap energy, you are the exit liquidity for someone who does.
Variables
| Symbol | Quantity | Unit |
|---|---|---|
| Daily Profit | Net daily mining profit | currency |
| Daily Coins Mined | Coins mined per day | coins |
| Coin Price | Current coin price | currency |
| Daily Electricity Cost | Daily electricity cost to run mining hardware | currency |
What it means
Mining profitability is the difference between revenue (coins mined × price) and operating costs (electricity, cooling, maintenance). This is the most important metric for miners to decide whether to continue or shut down operations. It is affected by hash rate, network difficulty, electricity price, and coin price. A positive profit indicates viability; a negative profit suggests mining is unprofitable. This calculation is used for budgeting, for hardware selection, and for break‑even analysis. Understanding mining profitability is essential for anyone considering or operating a mining rig.
Worked example
Mining Profitability (Daily) – Two Detailed Examples
Real‑World| Parameter | Value |
|---|---|
| Daily Coins Mined | 0.0004 BTC |
| Coin Price | $60,000 |
| Electricity Cost/day | $12 |
| Parameter | Value |
|---|---|
| Daily Coins Mined | 0.15 ETH |
| Coin Price | $3,000 |
| Electricity Cost | $25 |
Common mistakes
- Daily coins mined: The number of coins your mining rig produces per day.
- Coin price: The current market price of the mined coin.
- Electricity cost: Include all power costs (kW × hours × rate).
- Other costs: Pool fees, cooling, maintenance may also apply.
Applications
Mining profitability (daily) calculates the net profit from crypto mining by subtracting daily electricity costs from the daily value of coins mined. This is a fundamental metric for miners to assess whether their operation is profitable. By using current coin price, network difficulty, and hardware efficiency, miners can estimate their daily earnings and adjust their strategies. This calculation helps in deciding whether to continue mining, to upgrade hardware, or to switch coins. It is also used for break‑even analysis and for evaluating the return on investment in mining equipment. Understanding mining profitability is essential for anyone involved in crypto mining.
- Evaluating mining profitability under current conditions
- Decision‑making on hardware upgrades or shutdowns
- Comparing different coins and mining algorithms
- Budgeting for electricity and operational costs
- Return on investment (ROI) analysis for mining equipment
Related calculators · Mining & Blockchain
Recently updated formulas
Suggest an improvement
Found a mistake? Have a better example? Let us know.
You may send up to 3 suggestions per 24 hours.