Mining Profitability Calculator
Quickly compute mining profitability with accurate formulas. See amortization schedules, growth projections, and side-by-side comparisons.
Reviewed for accuracy by Daniel Agrici, Founder & Lead Developer
Mining Profitability Calculator
Calculator
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Formula: Daily Revenue = (Hash Rate / Network Hash Rate) × Block Reward × Blocks/Day × Coin Price × (1 - Pool Fee%)
Worked example — Revenue: $4.46/day | Electricity: $7.20/day | Net: -$2.74/day (unprofitable)
Formula
Daily Revenue = (Hash Rate / Network Hash Rate) × Block Reward × Blocks/Day × Coin Price × (1 - Pool Fee%)
Mining revenue is proportional to your share of the total network hash power. Multiply your share by the block reward, number of daily blocks, and coin price, then subtract the pool fee percentage. Daily profit is the revenue minus electricity costs, calculated as power consumption (in kW) times 24 hours times cost per kWh.
Worked Examples
Example 1: Mid-Range ASIC Mining Operation
Problem:You run a miner at 100 TH/s consuming 3,000W with electricity at $0.10/kWh, 1% pool fee, and BTC at $50,000.
Solution:Daily BTC = (100 / 500,000,000) × 3.125 × 144 = 0.00009 BTC Daily Revenue = 0.00009 × $50,000 × 0.99 = $4.46 Daily Electricity = 3kW × 24h × $0.10 = $7.20 Daily Profit = $4.46 - $7.20 = -$2.74
Result:Revenue: $4.46/day | Electricity: $7.20/day | Net: -$2.74/day (unprofitable)
Example 2: Low-Cost Electricity Mining
Problem:Same setup but with electricity at $0.03/kWh. How does profitability change?
Solution:Daily Revenue = $4.46 (same as above) Daily Electricity = 3kW × 24h × $0.03 = $2.16 Daily Profit = $4.46 - $2.16 = $2.30 Monthly Profit = $2.30 × 30 = $69.00
Result:Revenue: $4.46/day | Electricity: $2.16/day | Net: $2.30/day (profitable)
Frequently Asked Questions
How is cryptocurrency mining profitability calculated?
Mining profitability is calculated by comparing your mining revenue against your operating costs. Revenue depends on your hash rate (computing power), the network's total hash rate, block rewards, and the coin's market price. Costs primarily include electricity consumption and pool fees. The formula is: Daily Revenue = (Your Hash Rate / Network Hash Rate) × Block Reward × Blocks per Day × Coin Price. Daily Profit = Daily Revenue - Pool Fees - Electricity Cost. Your share of the block reward is proportional to your contribution to the total network hash power. As network difficulty increases, your share of rewards decreases unless you add more computing power.
What factors affect mining profitability the most?
The most significant factors are electricity cost and cryptocurrency price. Electricity typically accounts for 60-80% of mining operating costs, making geographic location crucial — miners in areas with cheap hydroelectric or solar power have a major advantage. Coin price directly affects revenue, and price drops can instantly turn profitable operations into losses. Hash rate efficiency (watts per terahash) determines how much electricity you need per unit of computing power — newer mining hardware is significantly more efficient. Network difficulty adjusts based on total mining power, meaning as more miners join, each individual earns less. Pool fees, typically 1-3%, also reduce your net earnings.
What is the break-even electricity price for mining?
The break-even electricity price is the maximum cost per kWh at which mining remains profitable — any higher and you lose money. It depends on your hardware efficiency, the coin's price, and network difficulty. For example, if your miner earns $20 in daily revenue after pool fees and consumes 72 kWh per day, your break-even electricity price is $20 / 72 = $0.278 per kWh. Efficient ASIC miners like the Antminer S21 have much higher break-even prices than older models because they produce more hash power per watt. This metric is essential for evaluating whether mining is viable in your location and helps determine if hardware upgrades would be worthwhile investments.
Is cryptocurrency mining still profitable in 2025?
Mining profitability in 2025 depends heavily on your specific circumstances. After the Bitcoin halving in April 2024, block rewards dropped from 6.25 to 3.125 BTC, requiring miners to be more efficient. Profitable mining generally requires access to electricity below $0.08/kWh and latest-generation ASIC hardware. Industrial-scale operations in regions with cheap renewable energy remain profitable, while hobbyist mining is increasingly challenging. Alternative coins may offer better profitability for GPU miners. Consider factors like hardware depreciation, cooling costs, maintenance, and the opportunity cost of capital. Many individual miners find that buying cryptocurrency directly is more cost-effective than mining, especially when factoring in equipment costs and the constant need to upgrade hardware.
What is the difference between solo mining and pool mining?
Solo mining means running a mining operation independently, where you receive the entire block reward when you successfully mine a block, but the probability of finding a block is very low for individual miners. Pool mining combines the hash power of many miners to increase the chances of finding blocks, then distributes rewards proportionally based on each miner's contribution. Pool mining provides more consistent, predictable income but charges a fee (typically 1-3%). For most miners, pool mining is the practical choice — solo mining a coin like Bitcoin with a small operation could mean waiting months or years between finding blocks. Pools also provide monitoring tools, automatic payout management, and technical support that solo miners must handle themselves.
How does cryptocurrency mining work?
Mining uses computing power to solve cryptographic puzzles and validate transactions. Miners earn block rewards and transaction fees. Proof-of-Work mining requires specialized hardware (ASICs or GPUs) and consumes significant electricity.
References
Reviewed for accuracy by Daniel Agrici, Founder & Lead Developer · Editorial policy
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