Bitcoin mining profitability calculator

Bitcoin Mining Calculator

Enter your Bitcoin mining hashrate, power consumption in watts, and costs.

Most accurate Bitcoin mining calculator trusted by millions of crypto miners since May 2013. Best Bitcoin mining profitability calculator with difficulty preloaded along with the newest ASIC Bitcoin miner specs (hashrate, watts, & kWh) for 2021.

Our Bitcoin mining calculator makes it simple and easy to quickly see Bitcoin mining profitability based on hashrate, power consumption, and costs. Default inputs are preloaded with the latest Bitcoin difficulty target and Bitcoin mining hashrate for the best Bitcoin miner.

Bitcoin Miners

Calculate Bitcoin mining profit using one of these Bitcoin miners. Select or click a miner to have the inputs preloaded automatically. Then simply click the «Calculate Mining Profit» above.

Bitcoin Mining Reward Estimates

Bitcoin mining profitability calculator results

Bitcoin Profit Margin —>

Mining Rewards Stats —>

Bitcoin Mining Investment —>

Estimated Mining Rewards —>

Bitcoin Mining Profit —>

Bitcoin Mining Reward Forecasts

Time Frame	BTC Reward	Revenue USD*	Power Cost (in USD)	Pool Fees (in USD)	Profit (in USD)
Hourly	0.00002738	$1.02	$0.16	$0.00	$0.85
Daily	0.00065708	$24.42	$3.90	$0.00	$20.52
Weekly	0.00459959	$170.91	$27.30	$0.00	$143.61
Monthly	0.0197	$732.48	$117.00	$0.00	$615.48
Annually	0.2398	$8,911.85	$1,423.50	$0.00	$7,488.35

* Bitcoin Price at $37,158.13 USD

Bitcoin Mining Calculator Inputs

Bitcoin Mining Difficulty	Bitcoin Block Reward	Bitcoin Price
21,047,730,572,452.00	6.25 BTC	$37,158.13 (BTC to USD)

Bitcoin Mining Hashrate	Bitcoin Mining Hardware Watts	Bitcoin Mining Hardware Cost	Electricity Costs
110.00 TH/s	3,250 Watts	$2,407.00	$0.05 per kWh

Bitcoin Blockchain Mining Summary

Bitcoin Blockchain Stats —>

Bitcoin Block Reward —>

Bitcoin Hashrate —>

Bitcoin Mining Difficulty —>

Bitcoin Mining Rewards —>

How to use the Bitcoin mining calculator?

Every aspect of our Bitcoin mining calculator has been developed for miners by miners.

The latest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate Bitcoin mining profits by adjusting the mining hashrate values or by selecting one of the Bitcoin mining hardware devices from the ASIC Bitcoin miners list.

The Bitcoin mining information is updated continually with the current block mining information. This information is used as the default inputs for the BTC mining calculator along with the default hashrate and wattage specs from the best ASIC Bitcoin miner.

With this information and our backend hashrate calculator, you can calculate your BTC mining profits — providing valuable and strategic profitability information allowing you as the miner to make better informed decisions about Bitcoin mining.

Along with the Bitcoin mining profitability, the list of top 5 ASIC Bitcoin miners is updated frequently. A Bitcoin miner is also referred to as a Bitcoin mining rig, or a Bitcoin mining hardware device, or a Bitcoin mining machine, but we simply call them miners, or more specifically, Bitcoin miners.

Each BTC mining calculator input has been preloaded with the best Bitcoin mining hardware hashrate and energy consumption in watts, average electricity costs as well as the current Bitcoin price, Bitcoin block reward, and Bitcoin difficulty.

Calculate your Bitcoin mining profitability and estimated mining rewards by starting with the Bitcoin mining hashrate calculator inputs above; mining hardware, mining costs, and mining reward.

How Bitcoin Mining Works

Bitcoin mining is the process of securing and validation Bitcoin transactions on the Bitcoin blockchain.

In order to secure and validation transactions — Bitcoin miners are constantly trying to solve the next Bitcoin block.

This process requires an enormous amount of computing power, which is represented by the Bitcoin hashrate.

The Bitcoin hashrate is number of possible solutions (hashes) being generated per second. As of January 2020, the Bitcoin hashrate peaked at 131 EH/s.

Bitcoin mining also generates new Bitcoin.

When a Bitcoin miner finds the correct hash to solve the next Bitcoin block, the miner is rewarded with Bitcoin.

Currently, 6.25 Bitcoin are created when a block is solved.

Bitcoin Mining Guide

To start mining Bitcoin, you’ll need cheap electricity (a lot of it), an internet connection, and at least one Bitcoin mining hardware device — an ASIC Bitcoin miner.

In the very early days (2009-2011) you could mine Bitcoin with a CPU, then mining software was created to utilize the computing power of a GPU, then came FPGAs, and in 2013 the first ASIC Bitcoin mining devices became available.

Now, all Bitcoin mining is done using an ASIC Bitcoin miner as it is no longer profitable to mine with a CPU, GPU or FPGA.

That being said, most ASIC miners require 220 volts or higher and at least 20 AMPs. You can check the Bitcoin miner specs to see the power requirements.

At this point you should determine your available power capacity in wattage at the location where you’ll be mining.

If you have a 200 AMPs electrical service with 220 volts, then the total power capacity is 200 AMPs * 220 volts = 44,000 watts.

But you never want to use more than 75% of that capacity, otherwise you’ll trip the breakers.

So, 44,000 watts becomes 33,000 watts of usable power capacity.

Now that you know how much power capacity you have (more is better), you can determine how many miners you can run. In this case, it would be about 11 Bitmain Antminer S17+ at 2,920 watts per device.

Once you have the Bitcoin mining hardware in hand, the last step is to configure each miner.

Typically, the configuration consists of setting the Bitcoin mining pool, user name, and password.

Most Bitcoin mining device manufacturers provide a guide on how to configure the Bitcoin mining hardware.

Bitcoin Mining Pools

Given the Bitcoin hashrate, it is statically impossible to generate enough hashes to solve a Bitcoin block mining solo (by yourself).

To increase the chances of solving a Bitcoin block, you can join a pool of other miners all working together to solve a block.

Once a block is solved the Bitcoin mining reward is split between the pool participants.

And in turn the Bitcoin mining pool charges a small fee, typically 1% to 4%.

Here is a list of popular Bitcoin mining pools.

Is Bitcoin mining still profitable?

Yes, mining Bitcoin is still profitable — based on the mining hardware hashrate of 110.00 TH/s, electricity costs, and pool / maintenance fees provided.

While, mining Bitcoin is still profitable as of right now.

Mining profitability can change very quickly.

The blockchain is constantly growing and the Bitcoin difficulty increases and decreases over time based on the total computing power currently mining blocks and generating hashes.

That said, we recommend checking your mining profitability frequently.

The Bitcoin mining profitability results and mining rewards were calculated using the best BTC mining calculator with the following inputs.

A BTC mining difficulty of 21,047,730,572,452.00, a BTC mining hashrate of 110.00 TH/s consuming 3,250 watts of power at $0.05 per kWh, and a block reward of 6.25 BTC at $37,158.13 (BTC to USD).

How many Bitcoin can you mine a day?

Based the mining hardware inputs provided, 0.00065708 Bitcoin can be mined per day with a Bitcoin mining hashrate of 110.00 TH/s, a block reward of 6.25 BTC, and a Bitcoin difficulty of 21,047,730,572,452.00.

After deducting mining power costs and mining fees, the final daily Bitcoin mining profit is $20.52 Bitcoin to USD.

How long does it take to mine 1 Bitcoin?

As of Thursday, June 10, 2021, it would take 1,521.9 days to mine 1 Bitcoin at the current Bitcoin difficulty level along with the mining hashrate and block reward; a Bitcoin mining hashrate of 110.00 TH/s consuming 3,250.00 watts of power at $0.05 per kWh, and a block reward of 6.25 BTC.

It is important to point out that the number of days calculated does not account for difficulty increases and decrease as well as block reward increases and decrease (halvening).

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Bitcoin Mining Profit Calculator

Why Our Calculator is the Most Accurate

There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are:

The Bitcoin price and the total network hash rate.

The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate.

Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the past 6 months.

Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality.

Bitcoin Mining Hardware Comparison

Miner	Hash Power	Price*	Buy
	Antminer S19	95.0 TH/s	$6k-8.5k
	Antminer S19 Pro	110.0 TH/s	$8k-10k
	WhatsMiner M30S+	100.0 TH/s	$2,550
	WhatsMiner M30S++	112.0 TH/s	$2,850
	AvalonMiner 1246	90.0 TH/s	$5,500

*BuyBitcoinWorldwide.com averages prices from various online sources. Actual prices may vary depending on seller.

Quick Tip

Mining is not the fastest way to get bitcoins.

Buying bitcoin with a debit card is the fastest way. Or you could use a payment network like Skrill or Interac e-Transfer or use a bank transfer such as SEPA when available. Investing 401k money into a qualified Bitcoin IRA is also good for some

The Bitcoin Price

Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses.

The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year.

The price has gone down for most of the past year, which is a factor that should be strongly considered in your calculations.

What our Calculator Assumes

Since our calculator only projects one year out, we assume the block reward to be 6.25. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you’d like to get better data.

Factors That Affect Mining Profitability

Mining can be an effective way to generate passive income. However, there are numerous factors that affect mining profitability, and often times they are out of your control.

Some seem to believe they will be able to quit their nine-to-five job after investing in a few Bitcoin miners – unfortunately, that is not necessarily the case.

How do you know if mining is right for you?

It is important to understand the constantly changing dynamics that play into mining profitability, especially before you invest your hard-earned money. Nevertheless, a proper passive income can be generated if you play your cards right. Let’s explore the factors that you need to consider before you buy mining hardware:

Quick Tip

Mining or buying bitcoins? You can’t do either without a Bitcoin wallet.

Initial Investment

The initial investment in efficient mining hardware is probably one of the things keeping you from pulling the trigger, and for good reason. Mining hardware is expensive!

In actuality, the high cost of dedicated mining hardware ASICs (Application Specific Integrated Circuits) is largely to blame for the centralization of Bitcoin mining in China.

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You can also mine litecoin with Bitcoin mining machines, but its usually just best to buy litecoin from an exchange.

In case you were not aware, the vast majority of mining operations are in China, primarily because of cheap electricity (more on that later.) Since ASICs are expensive, many average consumers do not have the capital to invest.

Large mining corporations operate mining farms with thousands of ASICs. The average Joe can’t even afford one ASIC, much less thousands of them.

Instead of mining being spread out across the world, the validation process is controlled by fewer people than first anticipated upon Bitcoin’s inception.

ASICs’ impact on Bitcoin aside, it is important to determine your ROI timeline before investing. Some hardware might not pay itself off at all. The additional factors below are largely responsible for determining your ROI period.

You can use the calculator above to determine your projected earnings based on the ASIC you’re using, and your electricity cost.

Block Rewards and Transaction Fees

Every time a block is validated, the person who contributed the necessary computational power is given a block reward in the form of new-minted BTC and transaction fees.

Bitcoin’s block time is roughly 10 minutes. Every 10 minutes or so, a block is verified and a block reward is issued to the miner. When Bitcoin was first created, miners received 50 BTC for verifying a block. Every 210,000 blocks – roughly 4 years – the amount of BTC in the block reward halves.

50 BTC per block may seem high, but it is important to consider the price of Bitcoin at that time was much less than it is today. As the Bitcoin block reward continues to halve, the value of Bitcoin is predicted to increase. So far, that trend has remained true.

First, the amount of newly minted BTC (often referred to as coinbase, not to be confused with the Coinbase exchange) halved to 25 BTC, and the current coinbase reward is 12.5 BTC. Eventually, there will be a circulating supply of 21 million BTC and coinbase rewards will cease to exist.

If BTC is no longer minted, mining won’t be profitable anymore, right?

Bitcoin transaction fees are issued to miners as an incentive to continue validating the network. By the time 21 million BTC has been minted, transaction volume on the network will have increased significantly and miners’ profitability will remain roughly the same.

Of course, block rewards have a direct impact on your mining profitability, as does the value of BTC – since the value of BTC is volatile, block rewards will vary. Additionally, successfully confirming a block is the only way you will generate any revenue whatsoever by mining.

Hashrate

On a simple level, hashrate is the way we measure how much computing power everyone around the world is contributing toward mining Bitcoin. Miners use their computer processing power to secure the network, record all of the Bitcoin transactions and get rewarded in bitcoin for their efforts.

The higher the hashrate of one individual Bitcoin mining machine, the more bitcoin that machine will mine. The higher the hashrate of the entire Bitcoin network, the more machines there are in total and the more difficult it is to mine Bitcoin.

Another way of looking at it, is that hashrate is a measure of how healthy the Bitcoin network is.

It’s good for Bitcoin if the overall hashrate is high, because it makes the network more secure. Somebody who wanted to attack Bitcoin would need at least 51% of all the hashrate in the world and that gets pretty expensive when there are millions of mining machines running.

It’s also healthy if those machines are being operated in different countries by different people, because it means it would be very hard for the entire network to be shut down. Bitcoin is like a many headed hydra, at this point in time it is more or less unstoppable.

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Before we get too deep into the Bitcoin Mining topic, please note that mining isn’t the fastest way to get bitcoin. Buying bitcoin with a debit card is fast and efficient.

To buy bitcoin in your country or state, check our guides! A few of our most popular are listed below!

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