Mining Profitability Calculator

Mining profitability depends on your share of the network hashrate. The more hashing power you contribute relative to the total network, the more blocks (and therefore rewards) you can expect to find. Your expected daily coins are calculated as: your hashrate divided by the total network hashrate, multiplied by the number of blocks per day and the block reward.

Profitability is then simply your revenue (coins mined times the coin price) minus your electricity costs. The key variables are: hashrate, power consumption, electricity price, pool fees, and the current coin price.

The cost per coin metric tells you your production cost for mining one unit of cryptocurrency. If your cost per BTC is $45,000 and BTC trades at $69,000, you have a healthy margin. If your cost exceeds the market price, you are mining at a loss. This metric is crucial for deciding whether to mine or simply buy.

Difficulty adjustments: Bitcoin adjusts its difficulty every 2,016 blocks (~2 weeks) to maintain a 10-minute block time. As more miners join, difficulty rises and your expected revenue decreases.

Halvings: Bitcoin's block reward halves every 210,000 blocks (~4 years). The most recent halving (April 2024) reduced the reward to 3.125 BTC. Each halving cuts revenue in half unless compensated by a price increase.

Merged mining: Litecoin and Dogecoin use the same Scrypt algorithm, allowing miners to mine both simultaneously at no additional cost. This effectively increases your total revenue from the same hardware.