Mining Profitability Calculator

How to Use This Calculator

1. Enter your hash rate (TH/s for BTC ASICs, MH/s for GPU miners).
2. Set power consumption (Watts), electricity cost ($/kWh), and pool fee (%).
3. Enter the current Bitcoin price for revenue calculation.
4. Read daily/monthly profit, electricity cost, and break-even BTC price.
5. Use Ethereum Classic or GPU Multi-Coin tabs for GPU mining scenarios.
6. Professional tab adds hardware depreciation, ROI timeline, and efficiency rating (J/TH).

Formula

Example

Frequently Asked Questions

• Is Bitcoin mining still profitable in 2026? ▼
  Bitcoin mining profitability in 2026 depends heavily on three variables: electricity cost, Bitcoin price, and network hash rate. The April 2024 halving reduced block rewards from 6.25 BTC to 3.125 BTC per block, halving mining revenue overnight. At current network difficulty levels, only miners with electricity costs below $0.06/kWh and modern ASICs (efficiency below 25 J/TH) operate profitably. Industrial miners in regions with cheap hydroelectric power (Paraguay ~$0.02/kWh, Iceland ~$0.04/kWh) remain profitable. Home miners using retail electricity ($0.10–$0.15/kWh) in North America or Europe almost universally operate at a loss on electricity alone, before considering hardware depreciation. Bitcoin's price appreciation can offset these economics dramatically — a Bitcoin price increase of 2× transforms unprofitable mines into highly profitable operations. The miner community follows the 'hash price' metric (revenue per TH/s per day) as the key profitability indicator.
• How does Bitcoin difficulty adjustment work? ▼
  Bitcoin's difficulty adjustment is an automatic mechanism that maintains the average block time at approximately 10 minutes regardless of how much mining power is added or removed from the network. Every 2,016 blocks (roughly every 2 weeks), the protocol calculates the actual time taken to mine those blocks versus the target of 20,160 minutes (2 weeks exactly). If blocks were mined faster than 10 minutes on average, difficulty increases; if slower, difficulty decreases. The maximum adjustment in either direction is 4× per period. This mechanism means that as more miners join the network and hash rate rises, profitability per miner decreases — more competition for the same block reward. After the 2024 halving, difficulty initially dropped as unprofitable miners exited, then gradually rose as Bitcoin's price climbed and new ASIC hardware was deployed. This self-regulating property is fundamental to Bitcoin's security model and economics.
• What's the difference between ASIC and GPU mining? ▼
  ASICs (Application-Specific Integrated Circuits) are custom-built chips designed to perform one specific hash function with maximum efficiency. Bitcoin ASIC miners like the Bitmain S21 achieve 200+ TH/s at under 20 J/TH, orders of magnitude more efficient than general-purpose hardware. ASICs can only mine one algorithm — a Bitcoin ASIC cannot mine Ethereum Classic or any other coin. GPUs (Graphics Processing Units) are general-purpose parallel processors originally designed for graphics rendering. They can mine many different algorithms and be repurposed (resold for gaming, AI, video editing) if mining becomes unprofitable, providing an exit strategy. Modern GPUs like the NVIDIA RTX 4090 mine Ethash at ~130 MH/s at roughly 300W. GPU mining is typically less efficient than ASICs for any specific coin, but flexibility is valuable. After Ethereum switched to Proof-of-Stake in 2022, GPU miners migrated to ETC, RVN, ERGO, and other GPU-minable coins, though none approaches ETH's former profitability.
• Why are most home miners unprofitable now? ▼
  Home Bitcoin mining became largely unprofitable after the April 2024 halving for most retail electricity consumers due to five compounding factors. First, the halving cut rewards from 6.25 to 3.125 BTC per block. Second, institutional miners operating at industrial scale ($0.02–$0.04/kWh) dominate hash rate, leaving retail miners uncompetitive. Third, network hash rate reached all-time highs of 700+ EH/s by 2025, increasing difficulty. Fourth, retail electricity ($0.10–$0.15/kWh) is 3–5× more expensive than industrial rates. Fifth, ASIC hardware requires $5,000–$15,000+ upfront investment that takes years to recoup. The economics are clear: at $0.10/kWh and BTC=$65,000, a 100 TH/s miner earns roughly $3–5/day in revenue but pays $7.20/day in electricity — a guaranteed loss. Home mining is viable only if you have stranded energy (solar excess, cheap off-peak rates, natural gas flaring) or live in rare low-cost power regions. Many hobbyists mine for ideological reasons accepting economic losses.
• How long until I break even on mining hardware? ▼
  Mining hardware break-even calculation requires accounting for revenue, electricity, pool fees, and hardware depreciation simultaneously. The formula: break-even months = hardware_cost / monthly_net_profit. Monthly net profit = monthly revenue − monthly electricity − monthly depreciation. A typical scenario: Bitmain S21 costing $4,000, 200 TH/s, 3500W, electricity at $0.07/kWh, BTC at $65,000. Daily: BTC mined ≈ 0.000055 BTC × $65,000 ≈ $3.58 revenue. Electricity: $5.88/day. This is already negative. At $0.04/kWh: electricity = $3.36/day, profit = $0.22/day = $6.60/month, break-even = 4,000/6.60 ≈ 61 months — over 5 years for hardware with perhaps 3 years of competitive lifespan. Hardware breaks even only at very low electricity costs or significantly higher Bitcoin prices. The Harvard Business Review noted that mining profitability is dominated by electricity price more than any other variable — miners who secure sub-$0.04/kWh contracts generally profit; those paying above $0.08/kWh rarely do.

Related Calculators