Crypto Mining Profitability Calculator
Is your mining operation profitable? Enter your hashrate, electricity costs, pool fees, and network parameters to find out what your hardware actually earns after expenses.
Understanding Mining Economics
Crypto mining profitability boils down to a simple equation: does the value of mined coins exceed the cost of electricity and equipment? The revenue side depends on your hashrate relative to the total network hashrate, the block reward, and the current coin price. The cost side is dominated by electricity.
Most miners operate on thin margins. A typical ASIC miner consuming 1,500 watts at $0.12 per kWh costs $4.32 per day in electricity alone. At current Bitcoin difficulty levels, that same miner might generate $5 to $10 in revenue, leaving only $1 to $6 in daily profit. Hardware costs, cooling, and maintenance further reduce the real return.
Factors That Affect Profitability
Electricity cost is the single biggest variable in your control. Miners in regions with cheap hydroelectric or solar power have a major advantage over those paying residential electricity rates. The difference between $0.05 per kWh and $0.15 per kWh can mean the difference between profit and loss.
Network difficulty adjusts roughly every two weeks for Bitcoin, responding to total network hashrate. When new miners join, difficulty rises and each miner earns less. Block reward halvings cut the reward in half approximately every four years. After the 2024 Bitcoin halving, the reward dropped to 3.125 BTC per block, immediately halving miner revenue from block rewards.
Pool Mining vs. Solo Mining
Solo mining means you keep the entire block reward but may wait months or years between finding blocks, depending on your hashrate relative to the network. Pool mining combines hashrate from many miners and distributes rewards proportionally, providing more predictable income at the cost of a pool fee (typically 1-3%).
For most individual miners, pool mining is the practical choice. The variance in solo mining income is too high unless you control a meaningful percentage of the network hashrate. Pool fees are a reasonable trade-off for consistent daily payouts. Compare pools based on their fee structure, payout frequency, minimum payout threshold, and reliability before committing your hashrate.
Frequently Asked Questions
How is mining profitability calculated?
Daily coins mined equals your hashrate divided by network difficulty, times seconds per day, times block reward. Multiply by coin price and subtract electricity costs and pool fees to get profit.
What is network difficulty?
Network difficulty is a measure of how hard it is to find a valid block hash. It adjusts automatically to maintain a target block time as total network hashrate changes. Higher difficulty means fewer coins per unit of hashrate.
What hashrate unit should I use?
This calculator uses terahashes per second (TH/s) for the hashrate input. Modern Bitcoin ASIC miners are rated in TH/s. For GPU-mined coins, you may need to convert from MH/s (divide by 1,000,000).
Why does profitability change daily?
Three variables shift constantly: coin price, network difficulty, and sometimes block rewards (halvings). A profitable setup today can become unprofitable if the price drops or difficulty spikes.
Is Ethereum still mineable?
Ethereum transitioned to Proof of Stake in September 2022 and is no longer mineable. Some Ethereum forks and other coins still use Proof of Work. The Ethereum variant here is kept for educational purposes and alternative PoW coins.