Crypto Mining Profitability Calculator

Is Crypto Mining Still Profitable?

This calculator helps you estimate the potential daily profitability of cryptocurrency mining. By entering your mining hardware's hash rate, its power consumption, your electricity cost, and current network conditions (like crypto price and difficulty), you can get a rough idea of whether a mining operation would be profitable.

The Formulas Explained

1. Coins Mined per Day: This is calculated based on your hash rate as a proportion of the total network hash rate and the block reward for the cryptocurrency.
   • Your Share = Your Hash Rate / Network Hash Rate
   • Coins per Day ≈ Your Share * Total Coins Minted per Day
2. Daily Revenue: Coins Mined per Day * Current Crypto Price
3. Daily Electricity Cost: (Power Consumption in kW) * 24 hours * Cost per kWh
4. Daily Profit: Daily Revenue - Daily Electricity Cost

How to Use the Calculator

1. Hash Rate: Enter the hash rate of your mining hardware (e.g., in TH/s for Bitcoin).
2. Power Consumption: Enter the power your hardware uses in Watts.
3. Electricity Cost: Enter your cost per kilowatt-hour ($/kWh).
4. Network Info: Enter the current price of the cryptocurrency, the block reward, and the network difficulty. (These values are pre-filled with recent Bitcoin examples but should be updated for accuracy).

Real-World Example

• Hardware: An ASIC miner with a hash rate of 110 TH/s that consumes 3250W.

• Costs: Electricity costs $0.10/kWh.

• Network: Bitcoin price is $65,000, block reward is 3.125 BTC, and network difficulty is high.

• The calculator would determine the tiny fraction of a Bitcoin you would earn per day, convert that to a dollar revenue, and subtract your daily electricity cost (3.25 kW * 24 hours * $0.10/kWh = $7.80). The result would show your estimated daily profit or loss.

Frequently Asked Questions (FAQ)

• Why is network difficulty so important? Difficulty adjusts to ensure that new blocks are found at a stable rate (e.g., every 10 minutes for Bitcoin). As more miners join the network (increasing the total hash rate), the difficulty increases, meaning your share of the network and your potential rewards decrease.
• Does this include mining pool fees? No. Most individual miners join a mining pool, which combines hashing power and shares rewards. Pools typically charge a small fee (e.g., 1-2%), which would slightly reduce your final profit.
• Is mining profitable for individuals? For major cryptocurrencies like Bitcoin, it is extremely competitive and often not profitable for individuals without access to very cheap electricity and the latest, most efficient hardware. Profitability is highly volatile and depends on crypto prices and network difficulty.